FEAR & GREED | Business News Parliament recalled for hate speech laws; Meta cans 540k users; Superman comic $22m sale
Jan 12, 2026
Parliament is set to debate new hate speech laws aimed at banning hate groups. Meta has taken action by removing 540,000 accounts from its platforms due to age restrictions. In a surprising twist, a 1938 Superman comic sold for a staggering $22 million! The discussion also touches on rising household spending, driven by Black Friday sales, while gold prices soar, benefiting miners. Meanwhile, Jerome Powell faces scrutiny over spending, and job ads show signs of weakness despite consumer spending strength.
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Bill Strategy Could Determine Passage
- Opposition leader Susan Lee criticised combining hate speech and gun reforms into one bill as politically divisive.
- Sean Aylmer suggests splitting the measures could improve the hate-speech bill's passage prospects.
Gold Rally Driven By Geopolitics And Rates
- Gold hit a record near US$4,600/oz on geopolitical tensions and expected US rate cuts.
- Major gold producers and miners like Newmont and ASX gold stocks surged as investors rotated into the sector.
Legal Settlement Sparks Stock Rally
- Light & Wonder settled litigation with Aristocrat, agreeing to pay $190 million.
- The settlement sparked an 18% share surge as investors priced legal risk off the company.