FEAR & GREED | Business News Afternoon Report | Joyce quits Nats
Nov 27, 2025
The ASX 200 is on the rise amidst optimism about a Federal Reserve rate cut. Barnaby Joyce's departure from the Nationals stirs political drama as he investigates his next moves. Business investment sees a significant bump, the largest in four years. In tragic news, a devastating fire in Hong Kong claims numerous lives, while a targeted attack injures National Guard soldiers in D.C. Political discussions also spotlight Labor's struggle to meet ambitious emissions targets.
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Markets Tick Up As Business Investment Surges
- The ASX 200 closed up 0.1% at 8,617, helped by optimism about a Fed rate cut and gains in tech stocks.
- Business investment recorded its biggest jump in four years, signalling stronger economic momentum.
Barnaby Joyce Quits The Nationals
- Barnaby Joyce announced he is leaving the Nationals to sit on the crossbench after a 20-year parliamentary career.
- He is weighing options including a possible Senate run under One Nation and business opportunities.
Political Drama And Environmental Reform
- Malcolm Turnbull publicly criticised Liberal leader Sue Logan while in Canberra for his portrait unveiling.
- Prime Minister Anthony Albanese struck a deal with the Greens to reform environmental laws and speed project approvals.