Wages grew 3.4 per cent annually in the September quarter, meaning real wages continues to rise; Australia’s bank CEOs continue to warn that Australia has a productivity problem; the Australian sharemarket fell to a near 6 month low ahead of important profit results from US tech company Nvidia.
00:00 Wages are continuing to grow above pre-pandemic levels
02:22 The Australian sharemarket fell to a near-six month low
03:51 Super funds are on track for an above-average year, despite the recent sharemarket weakness
04:46 Optus has been hit with a fine of more than $800,000 for failing to comply with anti-scam regulations
05:21 Industry groups have welcomed the UK’s plan to ban the resale of concert tickets at inflated prices
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#Finance #Economy #ASX #Australia #MoneyNews #Business
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