SBS News In Depth

A balanced super option fell 0.4% last month. How much could AI-linked shares influence returns if growth expectations falter?

With technology shares helping drive international markets, questions are emerging about how much super returns depend on AI companies meeting growth expectations. SuperRatings director Kirby Rappell discusses last month’s 0.4% fall in the median balanced option and what volatility means for members. The Australian sharemarket fell 0.8% as Wall Street retreated from record highs, while Firmus IPO speculation surfaced in a Maas Group ASX response. SBS Finance Editor Ricardo Gonçalves speaks with Morgans private client adviser Dianne Colledge about market confidence and potential opportunities.

In this episode:
What drove the latest fall in balanced super returns, and how international shares have influenced performance.
How exposed super members may be to large technology companies, and what could happen if growth expectations disappoint.
What’s weighing on the sharemarket and what investors may watch during AGM season.
How Firmus IPO speculation has surfaced in Maas Group’s ASX disclosure.
SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

As the government announces new AI safety plans, a senate inquiry considers how Australia can reap the benefits, and at what risk.

AI experts, industry giants, unions and data centre operators are among witnesses fronting Australia’s first AI inquiry. As the government announces plans for new safety regulations, witnesses debate how Australia can build domestic AI capability, while managing risks and economic opportunities.

In this episode:
The federal government announces plans for stronger AI safety.
Senate inquiry witnesses urge Australia to build its own AI infrastructure, skills and capability.
Data centre operators defend the sector’s role in research, AI development and clean energy.
OpenAI apologises for the Medicare hack, and details new safeguards introduced after the breach.
Artists, musicians and unions call for stronger copyright protections and compensation when AI systems use creative work.
SBS News in Depth is a news analysis podcast from SBS, going behind the headlines with reporting and interviews on the stories shaping Australia and the world.

Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Brazil’s presidential elections are headed to a runoff vote, after Flávio Bolsonaro and his extended family picked up surprise wins. Will the son of disgraced former president, Jair Bolsonaro, clinch the win over incumbent Luis Ignacio da Silva? Plus, fighting in Yemen worsens as a Saudi-backed counter-offensive aims to push back recent gains by Houthi rebels. Ben Lewis joins us from Estonia for all the latest on the bizarre British bomber threat that was - or wasn’t. Bulgaria gets pulled into Russia’s war on Ukraine and can AI now read our minds?

Australia's highest court has upheld a first-of-its-kind environmental challenge to a major coal mine expansion.

Australia's highest court has determined planning authorities must account for the broad environmental impacts of burning fossil fuels when approving projects.
In the landmark decision, the High Court ruled against the proposed expansion of a coal mine in the Upper Hunter region of New South Wales.

In this episode:
New South Wales planning authorities approved the expansion of the Mount Pleasant coal mine in 2022.
Hunter Valley residents including Wendy Wales launched a legal challenge.
The majority of High Court judges ruled to halt the mine's proposed expansion.
It's the first time Australia's highest court has upheld that project approvals must account for the broad environmental impacts of burning fossil fuels.
The NSW Nationals warn the decision puts "thousands of future mining jobs at risk" and is calling for law changes.
NSW Premier Chris Minns describes the judgment as a "very narrow, technical decision" and warns people not to "overreact."
SBS News in Depth is a news analysis podcast from SBS, going behind the headlines with reporting and interviews on the stories shaping Australia and the world.

Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Business groups are expressing concern about the Tax Office's ban on credit cards, due to come into force in December.

Business groups are concerned about the tax office's ban on credit cards, due to start in December. They say it will create more headaches for small businesses who use the cards to manage cash flow. The government says it supports the decision but not all Labor MPs are in agreement.

In this episode:

The ATO is banning the use of credit cards to settle tax bills from December 1.
Business groups like the Australian Chamber of Commerce and Industry say it's going to create more headaches for small businesses.
There are calls for the ATO to change its mind.
The government says it supports the ATO decision.
But some Labor MPs appear to be contradicting each other.
SBS News in Depth is a news analysis podcast from SBS, going behind the headlines with reporting and interviews on the stories shaping Australia and the world.

Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.