FEAR & GREED | Business News Afternoon Report | ASX up; Trump’s Halloween party criticised
5 snips
Nov 3, 2025 Markets are buzzing as the ASX climbs and tech stocks see notable performance. In corporate news, DroneShield's secret contract raises eyebrows while Australia Post hires Bain for an operations overhaul. As the Melbourne Cup approaches, residential auction activity cools down. Meanwhile, Donald Trump's controversial Halloween party faces backlash over SNAP disruptions, with Australian guests in attendance. Stay updated with the latest in business and economy!
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Markets Lifted By Banks, Tech And Oil
- The S&P/ASX 200 rose 0.2% to 8,895 with banks and tech leading the gains today.
- Oil price strength from OPEC+ output pause helped energy stocks like Woodside and Santos.
Notable Corporate Moves Across Sectors
- Several corporate moves stood out including DroneShield's $25.3m reseller contract and HealthCo getting deferred rent from HealthScope.
- Domino's sold its printing arm and Harvey Norman extended a buyback up to 10% of shares valued at ~$900m.
Australia Post Brings In Bain For Overhaul
- Australia Post hired Bain & Co to help overhaul operations amid falling letter volumes and pressure to keep post offices open.
- The organisation previously used PwC and BCG, including a review that proposed privatising parcels, which the government rejected.