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

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.

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.

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.

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

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.

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.

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.

The AI data centre operator’s withdrawal raises questions about investor appetite for the sector. Firmus has withdrawn its planned $7.2 billion sharemarket float, which would have been Australia’s second-largest IPO. The company reportedly sought a valuation of about $44 billion. SBS Finance Editor Ricardo Gonçalves speaks with Datt Capital chief investment officer Emanuel Datt about why the offer was pulled, what it means for the AI investment story and how investors are weighing higher interest rates, the war and oil prices. The Australian sharemarket rose 0.7 per cent.In this episode• Why Firmus withdrew its proposed IPO and what the decision could mean for the company• Whether the pullback points to changing investor appetite for AI, after strong interest in other major technology names• How rising interest rates, the prolonged war and higher oil prices are shaping investor sentiment• Where investors may find opportunities in a volatile market

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.

Financial loss claims linked to telco problems have surged more than 60 per cent as the TIO calls for tougher protections. Australians are still paying the price for phone and internet problems, with claims for financial loss surging more than 60 per cent despite an overall fall in complaints. SBS Finance Editor Ricardo Gonçalves examines what the Telecommunications Industry Ombudsman wants changed, including new protections for digital and social media users. Plus, James Gerrish from Market Partners explains why the Australian sharemarket struggled to follow Wall Street’s record run and where he sees opportunities for investors.In this episode:What nearly 54,000 complaints reveal about the way telcos respond when things go wrong.Why mobile services remain the biggest source of complaints, and dropouts are becoming more common.Why the TIO wants broader powers to help people facing problems with digital and social media services.Why record highs on Wall Street may be masking weakness across much of the US sharemarket.What investors should watch as AGM season approaches, including the outlook for AI and company earnings.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.

Low confidence, fuel costs and rate fears deepen a cost-of-living nightmare with no end in sight. Australian consumer confidence has fallen to about 80, with higher petrol prices and interest rate fears weighing on household outlooks. Westpac Senior Economist Matthew Hassan discusses what the survey reveals about different groups of consumers, the prospect of another rate rise and the risk to the economy. SBS Finance Editor Ricardo Gonçalves also speaks with Medallion Financial Group Managing Director Michael Wayne about the sharemarket’s third straight day of gains, technology stocks and the start of AGM season.In this episode:What a reading near 80 says about household confidence and the pressure on consumers.How higher petrol prices and expectations of further rate rises are shaping the outlook.Whether the sharemarket’s three-day run marks a recovery, and what falling local technology stocks may signal.The Firmus IPO and what investors may want to know.What investors can learn from company AGMs as the season gets underway.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.

Investors still cautious amid rising bond yields and data heavy week SBS Finance Editor Ricardo Gonçalves speaks with Tapas Strickland, Chief Market Strategist at Moomoo for the day's market action as the ASX recovers from yesterday's 2 per cent wipe out and discusses a potential new AI IPO.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.

The Australian sharemarket has worst day since March as the property correction deepens Australia’s housing downturn deepened in September, but what does the shift mean for buyers and sellers? SBS Finance Editor Ricardo Gonçalves speaks with Cotality Research Director Tim Lawless about the latest property trends, before Vantage Australia Senior Market Analyst Hebe Chen explains the sharemarket sell-off that wiped nearly $60 billion from the ASX 200.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.

Inflation has risen to 4%, but markets see less chance of another RBA rate rise. Here’s why. SBS Finance Editor Ricardo Gonçalves speaks with David Bassanese from Betashares about the latest inflation figures and what they could mean for interest rates. Plus, Scott Phillips from The Motley Fool explains why the Australian sharemarket rose 0.9 per cent despite higher inflation. 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.Accuracy and availability of SBS transcripts may vary. Transcript text may be revised to correct errors or match updates to audio. The authoritative record is the audio record.