FEAR & GREED | Business News NBN-Amazon satellite deal; cost of living crisis starts to ease; top social media pollies
Aug 5, 2025
NBN Co's partnership with Amazon aims to revolutionize satellite broadband in rural Australia, enhancing internet access for remote work and education. The local share market hits a record high, fueled by optimism around potential US interest rate cuts. Meanwhile, rising household spending and a significant defense contract reflect evolving economic dynamics. In the social media realm, the podcast highlights the unexpected popularity of independents and right-wing politicians, showcasing the changing landscape of political engagement.
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NBN-Amazon Satellite Broadband Deal
- The NBN Co and Amazon partnership will use low-Earth orbit satellites to bring fast broadband to 300,000 rural premises.
- This deal introduces competition, promising faster speeds than Starlink and better service for regional Australia.
Market Optimism on Rate Cuts
- The Australian share market hit a record high led by cyclical and tech stocks amid optimism about impending interest rate cuts.
- Investors are growing hopeful for economic growth and rate reductions in both Australia and the US.
Australia's Rare Earths Floor Price Consideration
- Australia may consider setting a floor price for rare earths to reduce dependence on China, mirroring US strategies.
- This proposal positively influenced rare earth stocks like Linus and Aluka on the local bourse.