Business Now with Ross Greenwood

Houthi Rebels launch waves of attacks on Saudi Arabia, sales of new homes have declined for a fourth consecutive month. Plus, the top 40 per cent of Australians by income or wealth have received almost $4 billion in cost-of-living relief. See omnystudio.com/listener for privacy information.

About 600 jobs have been slashed at the Whyalla steelworks in South Australia, One Nation announces plans to reduce migration by 750,000. Plus, the founder of one of Australia's fastest growing health tech companies 4D Medical joins the program. See omnystudio.com/listener for privacy information.

Australian bond yields hit multi-year highs as oil reaches a four-month peak and rate rises threaten recession. The SaaS sell-off faces scrutiny as AI spending reshapes the economy. Plus, the housing downturn puts weekend auctions under pressure. See omnystudio.com/listener for privacy information.

The government has confirmed it will soften its 20 per cent gas reservation plan, Nvidia is making a big investment into Australia. Plus, Queensland could see a credit rating downgrade as early as tomorrow. See omnystudio.com/listener for privacy information.

US business groups and the Trump administration hit back at the ATO’s new royalties tax rules, Steve Baxter warns tax changes are hurting defence investment. Plus, Bubs secures US approval to sell three infant formula products. See omnystudio.com/listener for privacy information.

The ATO takes on America’s tech giants over billions in potential extra taxes, oil prices climb amid US-Iran strikes and disruption to tanker traffic. Plus, Australian business conditions plunge to a six-year low. See omnystudio.com/listener for privacy information.

The administrators of Bathla have stood down hundreds of staff, One Nation's plan to allow Australians early access to their super has been attacked by Labor. Plus, housing affordability in Australia has fallen to an all-time low. See omnystudio.com/listener for privacy information.

Bathla’s collapse puts subcontractors on notice as insolvencies loom, the RBA faces a tough rate call amid slower growth and sticky inflation. Plus, a whole island goes on sale for around half a million dollars. See omnystudio.com/listener for privacy information.

Bathla administrators pay workers some wages as they negotiate with lenders, La Trobe Financial CEO Chris Andrews joins the program to discuss the collapsed developer. Plus, Australia’s cruise industry faces a decline despite strong demand. See omnystudio.com/listener for privacy information.

Australia’s economy grows 2.1 per cent, putting pressure on the Reserve Bank to raise rates, Bathla Group’s deadline to secure funding is extended by 24 hours. Plus, surging oil prices add to inflationary pressures. See omnystudio.com/listener for privacy information.

Property prices fall for a fifth consecutive month, while building costs soar 30 per cent in five years and push up insurance premiums. Plus, Treasury says fewer than 10 per cent of businesses have significantly adopted AI. See omnystudio.com/listener for privacy information.

US Federal Reserve chairman Kevin Warsh has sounded the warning on inflation, the administrators Bathla Group say the business will be unable to pay its staff by Thursday. Plus, it's the final day of profit reporting season. See omnystudio.com/listener for privacy information.

Virgin Australia, Harvey Norman and PEXA report their latest results, with PEXA CEO Russell Cohen on the pressure facing the property market. Plus, Kyle Rodda recaps a wild earnings season as share prices surge and plunge on results. See omnystudio.com/listener for privacy information.

The big four banks now expect another rate rise after yesterday’s inflation data, Qantas flags higher revenue despite a $420 million oil hit. Plus, Nvidia shares soar as it forecasts 70 per cent revenue growth. See omnystudio.com/listener for privacy information.

Inflation falls to 3.5 per cent, but rate hike fears rise, Woolworths shares surge 6 per cent to a five-year high. Plus, the Future Fund announces the retirement of long-serving CEO Raff Arndt. See omnystudio.com/listener for privacy information.

Westfield has aims to be one of Australia's biggest apartment developers, the Baltha Group goes bust owing more than $3 billion. Plus, the government has positioned itself as the guardian of the superannuation system. See omnystudio.com/listener for privacy information.

Kogan shares slump despite its sales and profit rising, the latest inflation numbers will determine the next move in interest rates. Plus, despite statements from government that home prices won't fall, weak auction clearances show the opposite. See omnystudio.com/listener for privacy information.

Australia’s debt tops $1 trillion for the first time, Medibank accuses insurance comparison sites of driving up premiums. Plus, SCX.ai raises $40 million in its ASX debut, with CEO David Keane joining the program. See omnystudio.com/listener for privacy information.

Australia’s $1 trillion debt looks even bigger when state debt is added, unemployment rises to 4.5 per cent as Victoria hits 5.1 per cent. Plus, Moderna shares surge after breakthrough cancer vaccine result. See omnystudio.com/listener for privacy information.

WiseTech shares plunge after an ACCC search warrant, Santos reports a 22 per cent profit fall. Plus, real wages go backwards for a third straight quarter, with the private sector hit hardest. See omnystudio.com/listener for privacy information.