FEAR & GREED | Business News

Westpac has been described as sloppy but not deliberately breaking the law when it breached anti-money laundering rules 23 million times. Also today: New rules for foreign investors in Australia Australia and India push for closer ties And why bank CEOs are worth the money they’re paid Plus an interview with author, historian, social affairs commentator and former Wallaby Peter FitzSimons ab...

Sean Aylmer speaks with author, journalist and former Wallaby Peter FitzSimons about the state of rugby in Australia - the code's finances, how the game found itself in its current mess, and how it gets out of it. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

The Australian economy is in recession for the first time in nearly 30 years, but politicians, investors and economists think the worst is over.  Also today:   Cash handouts for people building a new home or renovating   Which are the two hottest stocks on the market at the moment?   And the end is nigh for the humble cheque Also, we get a bit of an investment lesson from Scott...

Sean Aylmer speaks to Scott Haslem, Chief Investment Officer of Crestone Wealth Management, about the current state of the market, with some handy explanations of some of the language used by professional investors. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

Virgin Airlines emerges with two serious contenders for the beleaguered airline.  Also today: Riots across the United States continue with New York City becoming the centre of friction Why a media mogul bought into a building company And Australian universities are in despair but is the government listening? Plus, an interview with Trent Nikolic, Managing Editor of Car Advice, about the state...

Sean Aylmer speaks to Trent Nikolic, Managing Editor of CarAdvice, about the state of the automotive industry in Australia.  They also look at what went wrong for Holden, what went right for Toyota, and when electric cars will take off. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

The Federal Government will target the construction and entertainment sectors for new hand-outs to help the struggling industries revive. Also today: Riots continue unabated in the United States The government’s early release superannuation scheme is becoming a major problem as people access funds to go gambling. And TikTok takes over YouTube in terms of revenue, raking in a casual US$17-bil...

Sean Aylmer's extended interview with Damien Cooley, Managing Director of Cooley Auctions, about the state of the property market. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

The United States is in crisis with widespread rioting, curfews and looting. All this on top of the COVID-19 pandemic.  It has the potential to send markets tumbling again.  Also today: Can Australia avoid an economic recession? It’s possible, seriously. The property market, which has had a great fortnight, looks to be cooling. And who are the richest people in the country? Plus an...

The heads of Australia’s three main regulators are upbeat about the prognosis for the local economy, but their optimism comes with caveats. Also today: The end is nigh for local newspapers outside big cities. A big day for the bidders of beleaguered Virgin Australia And what’s your favourite style of coffee? And have you drunk as much of the stuff during the COVID-19 crisis? Plus, an i...

The market capitalisation of the four major banks jumped $31 billion in just two days, yet the share market fell yesterday. A wild ride for traders.  Also today: Nurses, teachers and firefighters in NSW are told they are not getting a pay rise. David Jones’ fortunes go from bad to worse And who’s richer? Facebook’s Mark Zuckerberg or legendary investor Warren Buffet? Plus, a...

Prime Minister Scott Morrison has outlined a new era of industrial relations reform which he hopes will lead Australia out of recession.  Business and unions have welcomed the idea, but finding common ground won't be easy. Also today:  The local sharemarket surges as states ease restrictions The Federal Government readies itself to jump in to save the all-important residential constructi...

We’ve had JobSeeker and JobKeeper. Now, get ready for JobMaker. Today the Prime Minister’s going to outline his economic plan to recover from the COVID-19 pandemic, putting skills training and industrial relations centre stage. Also today: Directors of listed companies get a break from following the rules The days of fighting for toilet paper are over And global ratings agencies take a...

Prime Minister Scott Morrison is resisting calls to spend the $60 billion accounting error in the JobKeeper package.  It’s anything but a windfall. Also today: The National People’s Congress in Beijing triggers riots in Hong Kong and wasn’t great news for Australia States continue to lift restrictions and kids across the country go back to school The Victorian Andrews Govern...

China’s annual National People’s Congress kicks off today and this year Australia has much to win, or lose. Also today: The Federal Government clamps down on conflicts of interest in financial advising Reserve Bank Governor Philip Lowe provides some salient warnings about the economy And US Secretary of State Mike Pompeo goes into bat for Australia, but do we really need it? Plus an in...

A ruling by the full bench of the Federal Court has opened the way for Australia’s two million casual workers to receive holiday pay and other entitlements. It’s a decision which could send businesses broke.   Also today:   The Federal Government is set to release its blueprint for clean energy   Retail trade tumbles   And the main impediment to office staff re...

Can a pipeline from one side of the country to the other save the economy?  Also today: The trade dispute between Australia and China escalates Domestic flying will be back on the agenda from July, but expect to wear face masks and don’t expect social distancing And one of Australia’s most criticised companies returns from the near-dead Plus an interview with Cameron Kusher, Direc...

Surging iron ore prices have created new kings of the share market, with BHP, Rio Tinto and Fortescue metals temporarily at least taking over the mantle of the best in the market. Also today: Both China and the US back Australia’s push for an inquiry into the origins of the COVID19 outbreak at the World Health Organisation Finally, a break for parents – kids in two states are told to g...

Is trade the next economic battleground after the COVID-19 pandemic? Australia heads to the World Health Organisation tonight to push for an inquiry into COVID-19 and China isn’t happy. Also today: Westpac admits it breached anti-money laundering rules 23 million times The bidding process for Virgin Australia heats up And the country ever so slowly starts to reopen Plus an interview with AMP...

Nearly 600,000 jobs were lost last month in Australia – an unprecedented collapse in the employment market – and one in seven young people are now out of work. Also today: Western Australia sends kids back to school while restrictions are eased in NSW from today. After a decade, the NBN finally nears completion Indicative bids for the failed Virgin Airlines are due today, with four ser...

The trade war between Australia and China is escalating, and it’s partly Australia’s fault.  Also today: The Commonwealth Bank buys one of the country’s biggest fund managers Investors can’t get enough government bonds Big mall owners and retailers start battling over rents. Plus an interview with Ross Brown, former head of investor relations at National Australia Bank...