FEAR & GREED | Business News Afternoon Report | Uranium surge
May 23, 2025
The podcast dives into the recent surge in uranium mining stocks, highlighting its impact on the S&P ASX 200. Political tensions and crises are discussed, along with the fallout from a high-profile executive departure in the mining sector. The conversation also touches on new US policies affecting international students at Harvard University, adding an intriguing layer to the narrative. Flood relief efforts and a spate of political disputes provide further context to today's dynamic business landscape.
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Market Rally Driven by Uranium Surge
- The ASX 200 edged up by 0.2%, with uranium miners surging after US policy changes.
- Real estate, tech, and financial sectors also gained on hopes of future rate cuts.
NSW Flood Crisis Intensifies
- Flooding worsens in New South Wales, with four confirmed deaths and nearly 700 rescues.
- Government provides hardship grants to support individuals and families affected by floods.
Coalition Tensions on Key Policies
- The coalition between the Nationals and Liberals faces policy disputes but talks of reconciliation continue.
- Key issues include nuclear policy, regional mobile coverage, and supermarket divestment laws.