Inflation falls but no rate cuts, Woolies downgrades profit, big spending by super funds
Description
Thursday 31 October 2024
After three-and-a-half years inflation falls back under three per cent but don’t expect a rate cut.
And more, including:
Woolworths downgrades its profit outlook on the back of too many discounts.
Superannuation funds spend $400 million of members' money on marketing expenses
Afterpay co-founder Anthony Eisen is leaving Block, the company that bought Afterpay in a record $39b deal
And plenty going on in markets and the US election.
Plus don’t miss the new episode of The Property Pendulum, brought to you by Domain and Fear & Greed. This week’s episode: is now the time to buy? Get it from APPLE, SPOTIFY, or anywhere you listen to podcasts.
Find out more: https://fearandgreed.com.au
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This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
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