SBS On the Money

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SBS On the Money is a daily finance and business news podcast from SBS. Finance Editor Ricardo Gonçalves speaks with leading analysts, executives and market voices to unpack the ASX, the Australian economy, interest rates, personal finance, business trends and the latest market moves. New episodes drop every weekday after the Australian share market closes.

1d ago

Oil hits five-month high as markets weigh inflation risks

Oil reaches about US$114 a barrel as investors weigh inflation, interest rates and the Australian dollar.
3d ago

NextDC’s 42% plunge puts data centre risks in focus

Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors. A delay to power upgrades at a Melbourne site sent NextDC shares tumbling and prompted a sharp cut to its revenue guidance. SBS Finance Editor Ricardo Gonçalves examines what the setback could mean for the wider data centre build-out, with Luke Laretive of Seneca Financial Solutions. Plus, SpaceX reports a 161 per cent jump in quarterly revenue, with AI revenue up nine-fold, as Elon Musk floats a possible merger with Tesla. Tom Kennedy speaks with Dan Ives of Yorkville Ives about the result and the wider AI trade.In this episodeWhat NextDC’s downgrade and share price fall could mean for investors in data centresHow community opposition and delays to power upgrades could affect data centre projectsWhat SpaceX’s results and growing AI revenue mean for the company and Australians with super exposureThe potential implications of a SpaceX and Tesla merger, and the risks around AI investment, debt and interest ratesSBS 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.
4d ago

NAB to cut 2,500 jobs as shares fall

NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles. NAB plans to cut about 2,500 jobs this financial year, including 1,500 before the end of December, as it reshapes its operations and focuses on growth and technology. The bank says customer-facing roles will not be materially affected. Its shares fell nearly 2 per cent as the broader sharemarket lost ground. SBS Finance Editor Ricardo Gonçalves speaks with Citi’s Elizabeth Tian about the market moves, including a lift in tech stocks.In this episode• NAB’s planned workforce cuts and the bank’s reasons for making them• What NAB says the changes could mean for customer-facing roles• Why the ASX200 fell 0.4 per cent, with miners leading the declines• How global technology stocks performed across different marketsSBS 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.
5d ago

The case for a higher GST, and what it could mean for you

Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost. The Grattan Institute says raising the GST from 10 to 15 per cent and extending it to food could help fund income tax cuts, welfare payments and state services. But both major parties have rejected the proposal, and concerns remain about its impact on households and inflation. SBS Finance Editor Ricardo Gonçalves speaks with Grattan Institute CEO Aruna Sathanapally, then examines the ASX’s rise, global tech selling and China’s growth with George Boubouras of K2 Asset Management.In this episode: • What a broader, higher GST could mean for household budgets, income tax and welfare payments• Why the proposal faces political resistance, and the concerns about its impact on inflation• What the ASX’s gains reveal as global technology stocks sell off and oil prices rise• How stronger Chinese growth and unrest in France could affect investor sentiment and opportunitiesSBS 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.
Oct 15

Unemployment hits five-year high

Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move. Australia’s unemployment rate rose to 4.7 per cent in September, its highest level since October 2021. Blair Chapman, chief economist at Seek, discusses the state of the jobs market, hiring trends, salaries and what the figures could mean for interest rates. The Australian sharemarket fell 0.1 per cent, with technology and mining stocks under pressure. Ben Clark, portfolio manager at TMS Private Wealth, joins SBS Finance Editor Ricardo Gonçalves to discuss the market, the Australian dollar and investment opportunities.In this episodeWhat the rise in unemployment says about the jobs market and hiring trendsHow the jobs figures could affect the RBA’s next interest rate decisionWhat Seek’s Advertised Salary Index suggests about payWhy technology and mining stocks fell, and what investors are watching
Oct 14

Glencore makes its ASX debut

Global mining giant rises on first day on ASX Australian shares fell 0.6 per cent as banks led losses, with CBA down more than 2 per cent after chief executive Matt Comyn told shareholders it could take time for higher rates to bring inflation back to target. SBS Finance Editor Ricardo Gonçalves speaks with Damien Boey, portfolio manager at Wilson HTM, about investor sentiment, rising global rates and Glencore’s ASX debut. The discussion also explores what investors are being told and where opportunities may lie.In this episodeWhy the ASX fell as banks led the declines, and what may be shaping investor sentimentWhat higher interest rates and international shocks could mean for marketsWhy Glencore has joined the ASX and what investors might make of the listingWhere the market opportunities may lie nowSBS 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.
Oct 13

Why women managers are more likely to leave

Women are entering management at similar rates to men, but higher resignation rates point to barriers to staying. Women are advancing into management at rates close to men’s, but they leave those roles more often. A decade of higher resignation rates raises questions about caring responsibilities, flexibility and career progression. Christine Castley, chief executive of the Workplace Gender Equality Agency, discusses the report’s findings and what employers can do to retain women leaders with Tom Kennedy. Mark Gardner of MPC Markets joins SBS Finance Editor Ricardo Gonçalves to unpack a flat ASX session, a tech sell-off following claims of Chinese chip advances, and the RBA’s latest minutes.In this episode• Why women managers are leaving at higher rates, and the workplace conditions that can help them stay and progress• What the findings reveal about women’s representation in senior leadership, including in industries where women make up most of the workforce• Why technology shares fell after claims of advances in Chinese chip design, and what investors should understand about the fast-moving AI sector• What the RBA’s minutes signal about inflation, interest rates and the possibility of another rise, plus where investors may see opportunitiesSBS 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.
Oct 12

How Payday Super is already changing retirement outcomes

Super is now paid with wages. Here’s what the change could mean for retirement savings and spotting missing payments. More than three months after Payday Super began, the number of super payments into workers’ accounts has more than doubled. James Koval, policy and advocacy officer at ASFA, discusses compliance, retirement savings and what workers can check if contributions are missing with Tom Kennedy. The episode also explores what’s driving the Australian sharemarket and investor concerns about oil, US elections, interest rates, AI and China, with SBS Finance Editor Ricardo Gonçalves and Raymond Chan, private client adviser at Morgans.In this episode· What Payday Super’s more frequent payments could mean for retirement savings· How workers can check their super and follow up on missing contributions· What’s driving the Australian sharemarket’s recent gains· How oil prices, US elections, interest rates, AI and China could affect investors]]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.

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SBS On the Money is a daily finance and business news podcast from SBS. Finance Editor Ricardo Gonçalves speaks with leading analysts, executives and market voices to unpack the ASX, the Australian economy, interest rates, personal finance, business trends and the latest market moves. New episodes drop every weekday after the Australian share market closes.