FEAR & GREED | Business News CBA, Telstra, Wesfarmers hit highs; RBA rate cut likely; Biden cancer diagnosis
May 19, 2025
Major Australian companies like Commonwealth Bank and Telstra hit record highs amid market chaos. An interest rate cut by the Reserve Bank is on the horizon, promising implications for the economy. Controversies arise as Telstra faces allegations of misleading coverage claims. Labor's superannuation tax proposal draws scrutiny from high-income earners. Meanwhile, global leaders respond to Joe Biden's cancer diagnosis, adding urgency to discussions about international relations.
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Market Winners Amid Turmoil
- Several top Australian companies are hitting record or multi-year highs despite market turmoil.
- Well-run businesses with strong market positions and strategies attract investors in any market condition.
Business Resilience Under Different Conditions
- Companies like Coles and Telstra tend to perform well in tough times while others like Wesfarmers and QBE benefit when rates fall.
- Settled management and clear strategies contribute to strong investor confidence across diverse sectors.