FEAR & GREED | Business News Afternoon Report | Good CPI news
May 28, 2025
The podcast highlights positive inflation trends contributing to market stability. A significant gas project extension is on the horizon, boosting optimism. The Labor party's recent Senate victory has reshaped the political landscape. Meanwhile, the ASX closes flat, reflecting investor caution. Web Travel showcases a strong performance this year, while Goodman faces delays in its operations. Tune in for a quick yet insightful update on today's business and economic developments.
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Inflation Within Target Range
- Inflation data for April shows headline inflation at 2.4% and underlying inflation at 2.8%.
- Both figures fall within the Reserve Bank's target range, supporting prospects for rate cuts later in 2025.
Labor Gains Senate Control
- Labor won a third Senate seat in Victoria, securing at least 28 seats in the Senate.
- Combined with the Greens' 11 seats, they control the upper house, easing the passage of legislation.
Web Travel Strong Growth Yet Profit Fall
- Web Travel's shares jumped 12% after a 20% rise in bookings to March, with continued growth into April and May.
- Despite higher revenue, net profit fell 22% due to rising corporate costs and tighter margins.