SBS On the Money

Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors. A delay to power upgrades at a Melbourne site sent NextDC shares tumbling and prompted a sharp cut to its revenue guidance. SBS Finance Editor Ricardo Gonçalves examines what the setback could mean for the wider data centre build-out, with Luke Laretive of Seneca Financial Sol...

NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles. NAB plans to cut about 2,500 jobs this financial year, including 1,500 before the end of December, as it reshapes its operations and focuses on growth and technology. The bank says customer-facing roles will not be materially affected. Its shares fell nearly 2 per cent as the broade...

Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost. The Grattan Institute says raising the GST from 10 to 15 per cent and extending it to food could help fund income tax cuts, welfare payments and state services. But both major parties have rejected the proposal, and concerns remain about its impact on households and inflation. SBS Finance...

Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move. Australia’s unemployment rate rose to 4.7 per cent in September, its highest level since October 2021. Blair Chapman, chief economist at Seek, discusses the state of the jobs market, hiring trends, salaries and what the figures could mean for interest rates. The Australian sharemarket fell 0.1 per...

Global mining giant rises on first day on ASX Australian shares fell 0.6 per cent as banks led losses, with CBA down more than 2 per cent after chief executive Matt Comyn told shareholders it could take time for higher rates to bring inflation back to target. SBS Finance Editor Ricardo Gonçalves speaks with Damien Boey, portfolio manager at Wilson HTM, about investor sentiment, rising global rates...

Women are entering management at similar rates to men, but higher resignation rates point to barriers to staying. Women are advancing into management at rates close to men’s, but they leave those roles more often. A decade of higher resignation rates raises questions about caring responsibilities, flexibility and career progression. Christine Castley, chief executive of the Workplace Gender Equali...

Super is now paid with wages. Here’s what the change could mean for retirement savings and spotting missing payments. More than three months after Payday Super began, the number of super payments into workers’ accounts has more than doubled. James Koval, policy and advocacy officer at ASFA, discusses compliance, retirement savings and what workers can check if contributions are missing with Tom Ke...

The AI data centre operator’s withdrawal raises questions about investor appetite for the sector. Firmus has withdrawn its planned $7.2 billion sharemarket float, which would have been Australia’s second-largest IPO. The company reportedly sought a valuation of about $44 billion. SBS Finance Editor Ricardo Gonçalves speaks with Datt Capital chief investment officer Emanuel Datt about why the offer...

A balanced super option fell 0.4% last month. How much could AI-linked shares influence returns if growth expectations falter? With technology shares helping drive international markets, questions are emerging about how much super returns depend on AI companies meeting growth expectations. SuperRatings director Kirby Rappell discusses last month’s 0.4% fall in the median balanced option and what v...

Financial loss claims linked to telco problems have surged more than 60 per cent as the TIO calls for tougher protections. Australians are still paying the price for phone and internet problems, with claims for financial loss surging more than 60 per cent despite an overall fall in complaints. SBS Finance Editor Ricardo Gonçalves examines what the Telecommunications Industry Ombudsman wants change...

Low confidence, fuel costs and rate fears deepen a cost-of-living nightmare with no end in sight. Australian consumer confidence has fallen to about 80, with higher petrol prices and interest rate fears weighing on household outlooks. Westpac Senior Economist Matthew Hassan discusses what the survey reveals about different groups of consumers, the prospect of another rate rise and the risk to the...

Investors still cautious amid rising bond yields and data heavy week SBS Finance Editor Ricardo Gonçalves speaks with Tapas Strickland, Chief Market Strategist at Moomoo for the day's market action as the ASX recovers from yesterday's 2 per cent wipe out and discusses a potential new AI IPO. SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the...

The Australian sharemarket has worst day since March as the property correction deepens Australia’s housing downturn deepened in September, but what does the shift mean for buyers and sellers? SBS Finance Editor Ricardo Gonçalves speaks with Cotality Research Director Tim Lawless about the latest property trends, before Vantage Australia Senior Market Analyst Hebe Chen explains the sharemarket sel...

Inflation has risen to 4%, but markets see less chance of another RBA rate rise. Here’s why. SBS Finance Editor Ricardo Gonçalves speaks with David Bassanese from Betashares about the latest inflation figures and what they could mean for interest rates. Plus, Scott Phillips from The Motley Fool explains why the Australian sharemarket rose 0.9 per cent despite higher inflation. SBS On the Money is...

What the RBA's rate rise means for the economy, investments and mortgages SBS Finance Editor Ricardo Gonçalves takes a look at the impact of the RBA's 25 basis point increase to the official interest rate with Shane Oliver from AMP, Henry Jennings from Marcus Today and Sally Tindall from Canstar. In this episode: Why the RBA says inflation remains too high, and the key factors driving its latest r...

Markets have priced in a 95 per cent chance of an official interest rate rise tomorrow The Australian sharemarket rose despite the likelihood of an interest rate rise from the RBA tomorrow. SBS Finance Editor Ricardo Gonçalves speaks with David Walsh from Sarto Advisory to find out what the implications will be for markets and investors.

From 1 October, card surcharges disappear. Will businesses absorb the cost or pass it on elsewhere? In this episode: Sarah Megginson from Finder explains the change with Tom Kennedy. Paul Bloxham from HSBC shares his interest rate and recession outlook with SBS Finance Editor Ricardo Goncalves Isaac Poole, chief investment officer at Ascalon Capital, discusses the market and investment opportuniti...

Australia’s jobless rate has climbed. Could a softer jobs market change the outlook for rates? Australia’s unemployment rate has risen to 4.6 per cent, but what does that really tell us about the strength of the jobs market and the outlook for interest rates? SBS Finance Editor Ricardo Gonçalves speaks with Westpac senior economist Pat Bustamante about the latest labour force figures and what they...

Myer is discounting stock as weak consumer spending continues to weigh on retail. Myer has warned consumer spending remains weak as it discounts stock, but what does that tell us about the health of Australian households and retailers? Ricardo Gonçalves hosts SBS On the Money and speaks with Nick Schoenmaker from Portfolio Construction Partners about the retail outlook, the Australian sharemarket...

The RBA weighs up what the AI revolution could mean for productivity, wages and Australian jobs What could the AI revolution mean for Australian jobs and the economy? RBA Governor Michele Bullock shares her view on AI and productivity. Plus, Kai Chen from MPC Markets breaks down the latest tech-driven rally on global sharemarkets. SBS Finance Editor Ricardo Gonçalves hosts.

The big four banks tip another RBA rate rise in September, adding pressure to household budgets. The big four banks now expect the RBA to lift interest rates next week, with ANZ warning thre could be a second by the end of the year, meaning rates could reach 4.85 per cent SBS Finance Editor Ricardo Gonçalves speaks with ANZ Head of Australian Economics Adam Boyton about what that could mean for bo...

SBS Finance Editor Ricardo Gonçalves speaks with Julia Lee from Shaw and Partners about the days market action, including a rate rise from another global central bank, it's implications for Australia, and why more investors are turning to fixed income products.

The US Federal Reserve lifted rates to tackle inflation, so who is next? SBS Finance Editor Ricardo Gonçalves speaks with Harry Murphy Cruise from Oxford Economics and Angus Geddes from Fat Prophets about the US Federal Reserve's decision to lift interest.

The Australian sharemarket rose 0.3 per cent as investors brace for what could be one of the most important interest rate decisions of the year for global markets. To explain, SBS Finance Editor Ricardo Gonçalves spoke with Alice Shen, Portfolio Manager at VanEck.

Oil prices are rising and so are airfares. What it means for travellers and budgets. Australian travellers are being warned to expect higher airfares as surging oil and jet fuel costs put pressure on airline budgets. Host Ricardo Gonçalves speaks with ACCC Chair Gina Cass-Gotlieb about airline competition, capacity cuts and why ticket prices are likely to keep climbing. Plus, the Australian sharem...