FEAR & GREED | Business News Afternoon Report | ASX bounces back, Google soars
Sep 4, 2025
The Australian share market makes a strong 1% rebound, fueled by positive news on US interest rates. Domino's executive chairman is making waves with a bold investment. In legal drama, a decorated soldier faces a setback in court. New regulations are on the table targeting PwC, while Alphabet's stocks soar amid ongoing legal challenges. All the key business developments you need to know are packed into this update!
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ASX Rebounds Led By Banks And Select Stocks
- The ASX recovered strongly, with the S&P/ASX 200 rising 1% to 8,827 after yesterday's sharp sell-off.
- Banks, tech Xero and miners Fortescue and Rio Tinto led gains while BHP fell due to going ex-dividend.
Watch Insider Buys For Turnaround Signals
- Consider management-led share purchases as a signal of confidence in turnaround plans.
- Jack Cowan bought $5 million of Domino's shares and is shifting prices from heavy discounts to everyday low pricing.
High Court Ends Roberts‑Smith Appeal
- The High Court rejected Ben Roberts-Smith's appeal, effectively ending a seven-year legal battle.
- The federal court had found he was complicit in murders and he was ordered to pay the newspapers' legal costs.