FEAR & GREED | Business News Afternoon Report | CBA surge
May 21, 2025
The financial landscape is buzzing with the ASX rising, highlighting significant gains from major players like the Commonwealth Bank. Wage increases aren't posing a threat to inflation, providing some relief in the economy. There’s also a spotlight on Webjet's impressive profits and Elon Musk's strategic defense of Tesla amidst ongoing challenges. The episode wraps up with a look at how these developments could reshape the market dynamics.
AI Snips
Chapters
Transcript
Episode notes
ASX and CBA Share Surge
- ASX 200 is rising and nearing its all-time peak from February 2025.
- Commonwealth Bank shares hit intraday highs over three days signaling strong market confidence.
Wage Growth Not Inflationary
- Federal Treasury says wage hikes above 3% won’t cause inflation.
- This supports potential wage increases in the 3.1% to 3.25% range during Fair Work Commission review.
James Hardy Faces U.S. Market Dip
- James Hardy faces a weakening U.S. renovations market amid its $14 billion AZEC takeover.
- CEO projects offsetting market decline by capturing more market share despite expected volume drops.