FEAR & GREED | Business News Rate cut cycle ends; expenses scandal widens; Trump levies international visitors
10 snips
Dec 9, 2025 Interest rates are on hold as the Reserve Bank signals no future cuts, shaking up the market. Meanwhile, a widening parliamentary expenses scandal reveals questionable ministerial entitlements. Donald Trump's new fees for foreign visitors at US national parks might deter families from iconic sites like the Grand Canyon. Reddit gears up to challenge Australia’s controversial social media ban for under-16s, and a bidding war erupts as Paramount and Netflix fight over Warner Bros. Discovery.
AI Snips
Chapters
Transcript
Episode notes
Private Sector Is Powering The Recovery
- The recovery is being driven by private-sector spending, housing activity and accessible credit.
- That private-sector strength increases the risk that inflation will remain persistent rather than transitory.
Prepare For Higher-For-Longer Rates
- If you have a mortgage, prepare for rates to stay higher for longer or even rise.
- Investors should reassess asset allocations because the RBA now views rate rises as a realistic possibility.
MP's Limousine Wait Sparks Expenses Uproar
- Annika Wells left a comms car waiting nearly 10 hours at the 2022 NRL Grand Final, costing taxpayers about $1,200.
- She also billed nearly $1,000 for a comms car at the Australian Open and referred the spending to an audit.