FEAR & GREED | Business News PM’s productivity push; ASX, Bitcoin nears records; vapes fall out of favour
Jun 10, 2025
Prime Minister Albanese unveils an economic agenda focusing on productivity through a jobs summit. The ASX and Bitcoin are nearing record highs, capturing investors' attention. Meanwhile, vapes are falling out of favor, leading to shifts in consumer habits. The landscape of Buy Now, Pay Later services is changing with new regulations aimed at protecting consumers. Finally, there's a buzz around clean energy investments and geopolitical tensions affecting military deployments.
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PM's Productivity Focus
- Prime Minister Anthony Albanese is focusing on productivity by planning a jobs and skills summit in August.
- He aims to unite business, unions, and civil society to develop policies for economic reform.
ASX and CBA Surge
- ASX 200 hit a record high with energy, tech, and banks leading due to rising oil prices.
- CBA's shares soared 45% in 12 months, showing strong market confidence.
Bitcoin Nears Record Levels
- Bitcoin rallied above $110,000 coinciding with positive US-China trade talks.
- Risk assets benefit from improving geopolitical relations and market optimism.