FEAR & GREED | Business News Coalition fall-out deepens; CBA leads ASX towards record; Qantas retakes top position
May 21, 2025
The political fallout from a coalition split could shake up future elections as Labor gains ground. Meanwhile, the Commonwealth Bank sets new records, pushing the ASX closer to a historic high. Gender pay gaps continue to be a pressing issue, yet improvements are noted. In mining, Andrew Forrest warns against China’s dumping of Aussie iron ore, while Qantas rises to dominate domestic air travel again. Tune in to hear insights on market dynamics and the broader implications of these developments.
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Coalition Split Weakens Opposition
- The split coalition means the crossbench may outnumber the opposition in the House.
- This weakens unified competition and may hurt government accountability.
Commonwealth Bank Smashes Records
- Commonwealth Bank shares hit three intraday record highs in three days.
- It remains the largest ASX company, nearly 50% bigger than second place BHP.
Public Sector Pay Gap Narrows
- The public sector gender pay gap is about 5%, smaller than the private sector.
- Women hold 47% of highest paid public sector roles, improving the pay balance.