Money News

Global markets tanked following the US rate cut decision, but can things be salvaged into 2025? ASX200: down 1.70%, 8,168 GOLD: $2,626 US/oz BITCOIN: $162,865 AUD Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6% Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%. Zip’s up-and-down run saw it losing 9% to $2.84. BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%. Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’. And others escaping the carnage included QBE, Brambles, Coles and APA Group. See omnystudio.com/listener for privacy information.

Australia leads the world in skin cancer rates, so can a company upping our clothing protection help to fight the problem?See omnystudio.com/listener for privacy information.

The US Fed cuts rates, but signals that there could be less than first predicted in 2024; global markets tank; the Aussie dollar drops again; Australians choosing seafood over traditional meats for Christmas; ANZ suffers another blow; the Aussie company taking the fashion fight to skin cancer; the ABC appoints a new Managing Director; and Scott Phillips takes us through a big day of losses in the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Chris Blancato & Rhys Geddes Publisher: Nine Radio See omnystudio.com/listener for privacy information.

While the US Fed did slash rates for the third time in a row, inflation fears are likely to kill off some monetary policy relief. That sent markets sinking, and the Aussie dollar to its lowest point in two years. A very Merry Christmas from everyone at Money News. We'll be back with the podcast again in late January!See omnystudio.com/listener for privacy information.