FEAR & GREED | Business News

Adam Lang, a regular contributor, serves as the guest judge in this lively debate on the top business stories. The discussion heats up over surprising economic data, including unexpected inflation and a booming job market. Canberra's last sitting week features political drama, while APRA’s new limits on high-income loans aim to cool the housing market. The hosts reveal tales of unusual wealth, like a German inspector's embezzlement and a treasure hunt for the San José shipwreck. With all this, Adam chooses the week's standout story!

Market movers this week include a surge in Woolworths and WiseTech, with the ASX remaining flat overall. The final day of Parliament saw crucial laws passed before adjournment until 2026. Star Entertainment made headlines with a share price jump following their cleansing prospectus. Meanwhile, the RBA is considering easing restrictions on credit card surcharges amidst public backlash, while a federal ban on debit surcharges is set for next year. Tragically, a deadly tower fire in Hong Kong continues to raise the death toll.

The economy is gaining momentum, with business investment soaring due to a data centre boom. However, many Australians still face financial pressures despite green shoots in the market. New mortgage rules from the banking regulator are aiming to curb home lending, which may shift some borrowing to private lenders. In a surprising twist, researchers reveal that chihuahuas share DNA with wolves, shedding light on canine genetics. Meanwhile, notable changes in cricket ownership and a narrowing gender pay gap also make headlines.

Steve Wheen, Head of Healthcare and Managing Director of Equity Research at Jarden, dives into the recent turmoil facing CSL. He discusses significant issues like a major R&D failure leading to a stock price plunge, concerns over the Vifor acquisition, and a notable drop in albumin sales due to policy changes in China. Weaker flu vaccine bookings and potential government risks also impact CSL's outlook. Despite negative sentiment, Wheen suggests the market may have overreacted, hinting at future opportunities for investors.

The ASX 200 is on the rise amidst optimism about a Federal Reserve rate cut. Barnaby Joyce's departure from the Nationals stirs political drama as he investigates his next moves. Business investment sees a significant bump, the largest in four years. In tragic news, a devastating fire in Hong Kong claims numerous lives, while a targeted attack injures National Guard soldiers in D.C. Political discussions also spotlight Labor's struggle to meet ambitious emissions targets.

A surprising spike in inflation has dashed hopes for interest rate cuts. The Labor government is negotiating over new environmental laws. Super funds have been warned to improve services for retirees to avoid regulatory scrutiny. Meanwhile, Harvey Norman is celebrating a sales surge, contrasting with Temple & Webster's struggles. In a bizarre turn, a German parking meter attendant is accused of embezzling two million euros. The market reacts to these developments, shaping future financial landscapes.

Simone Constant, ASIC Commissioner known for her oversight in corporate and financial markets, dives deep into the booming $200 billion private credit sector. She reveals that while private credit can be a valuable asset, it often lacks consistency and poses significant risks. Transparency, she argues, isn't enough to address issues like poor valuations and allocation conflicts. Simone also highlights superannuation funds' vital role in navigating these challenges, urging them to focus on enhancing retirement services as private credit evolves.

Inflation data surprised analysts, potentially delaying rate cuts and heightening interest rates. A significant IT outage and blackout chaos at Parliament House sparked investigations and drama. Optus faced disruption from deliberate fibre vandalism, raising safety concerns. Meanwhile, NSW revealed payroll overpayments to nearly 500 former employees due to inadequate controls. In more international news, arrests were made in connection to the recent Louvre jewel heist, stirring excitement about the recovery of the stolen treasures.

The banking sector faces scrutiny over anti-money laundering and terrorism compliance issues after findings from Deloitte. Meanwhile, Shemara Wikramanayake emerges as Australia's highest-paid CEO, earning a whopping $24 million. In other news, treasures from a historic shipwreck off Cartagena are being recovered, and Jakarta claims the title of the world's largest city. Exciting developments in global business and social responsibility abound!

Sean Wiles and Jason Ireland, partners at McGrathNicol Advisory, delve into their thirteenth annual Working Capital Report, revealing how Australian businesses have unlocked a staggering $8.2 billion in cash flow. They discuss the impressive improvements across sectors like agriculture, health, and construction. Jason emphasizes the importance of consistent cash management processes, while Sean highlights Australia's strong performance in global comparisons. Their insights shed light on the essential strategies for optimizing working capital and enhancing business health.