Business Now with Ross Greenwood

The Reserve Bank lifts rates for the fifth time this year to an 18-year high, warning of more hikes if inflation persists. Michele Bullock, Jim Chalmers and Angus Taylor respond. Plus, the mounting impact on households and businesses. See omnystudio.com/listener for privacy information.

The government's tax changes hammer household wealth, Westpac makes $7 billion in the past year but warns home prices will fall 11 per cent peak to trough. Plus, tomorrow's expected fifth interest rate rise this year. See omnystudio.com/listener for privacy information.

Coles suffers its worst day on the ASX as recession fears grow, Larvotto Resources reopens a mothballed gold mine. Plus, a North Queensland banana grower warns of biosecurity threats. See omnystudio.com/listener for privacy information.

Warning signs about our economy emerge from some of Australia's biggest retailers, Australians brace for their fifth rate rise this year. Plus, two former Tesla engineers seek solutions to make space launches cheaper and more reliable. See omnystudio.com/listener for privacy information.

A rate rise next Tuesday looks almost certain as inflation beats forecasts, New Zealand holds rates in a split vote. Plus, Australia’s Inspector-General in Bankruptcy calls for laws to make exiting a business easier. See omnystudio.com/listener for privacy information.

The $2 trillion Anthropic share market float kicks off, the Aussie mining industry's biggest even IMARC started today. Plus, the tax office is being more aggressive as they pursue small and medium sized businesses. See omnystudio.com/listener for privacy information.

The looming shortage of diesel fuel around the world could be the next economic challenge for inflation and interest rates, this week's rate is expected to rise to 4.2 per cent. Plus, the number of homes selling at auction is still chronically low. See omnystudio.com/listener for privacy information.

US tech stocks tumble over AI spending fears, dragging Australia’s share market to a three-month low. BiFox seeks capital to expand in South America. Plus, RBA officials fuel speculation of a Melbourne Cup Day rate hike. See omnystudio.com/listener for privacy information.

BHP warns Australia’s tax settings and weak productivity threaten its competitiveness, while Tesla and Meta beat earnings expectations. Plus, the National Reconstruction Fund chief joins the program to discuss its investment in Austal. See omnystudio.com/listener for privacy information.

NextDC shares plunge over power delays at its Melbourne data centre, Netflix and SpaceX beat earnings expectations. Plus, the Reserve Bank signals tough rate decisions as inflation surges and unemployment rises. See omnystudio.com/listener for privacy information.

NAB cuts 2,500 jobs as banks face rising costs and AI disruption, a Korean data centre company’s market debut plunges more than 30 per cent. Plus, confusion continues over credit card surcharges and ATO payments. See omnystudio.com/listener for privacy information.

The next RBA board meeting is a fortnight away and already the Reserve Bank is on the front foot, two major companies have been hit with takeover bids on the ASX. Plus, the price of gold could lift back above $US5,000 an ounce in early 2027. See omnystudio.com/listener for privacy information.

Weaker jobs figures raise questions over future interest rates and recession risks, local markets rebound as AI jitters ease. Plus, Tesla unveils its long-delayed electric sports car. See omnystudio.com/listener for privacy information.

Markets scale back rate hike expectations as unemployment rises, US tech stocks tumble amid growing scrutiny of AI valuations. Plus, 11.5 million Australians invest in the share market, but are they making the most of it? See omnystudio.com/listener for privacy information.

The Federal Court overturns the Federal Government's ban of the Blayney Gold Mine, another Aussie-founded data centre business pulled its stock market IPO in Singapore today. Plus, Glencore launches a secondary listing on the ASX today. See omnystudio.com/listener for privacy information.

David Pocock calls the AI inquiry a stitch-up as Ted O’Brien urges a data protection deal with the US, the ACCC targets 12 egg producers over an alleged cartel. Plus, business confidence slumps amid job security fears. See omnystudio.com/listener for privacy information.

Glencore is set for its ASX debut this week, home sales at auctions are getting worse. Plus, economist Warren Hogan joins the program to explain why wishing for steady or lower interest rates might also be wishing for others to lose their jobs. See omnystudio.com/listener for privacy information.

Firmus pulls its proposed $44 billion IPO and reportedly eyes a US listing, the federal government’s AI inquiry wraps up. Plus, Australian rents hit a record high in the September quarter. See omnystudio.com/listener for privacy information.

Australia’s second-largest share market float appears to be in serious doubt as investors reject the $11 share price, and the Tax Office holds firm on its credit card ban. Plus, ASIC puts an interim stop order on another private credit business. See omnystudio.com/listener for privacy information.

The future of Australian coal mines is in doubt after a landmark High Court ruling, ASIC investigates the $1.2 billion collapse of two super funds. Plus, housing starts jump 14.4 per cent year-on-year. See omnystudio.com/listener for privacy information.