CBA faces ASIC action | NAB workers repaid | Nvidia shares plunge
The Commonwealth Bank is facing allegations it charged business customers millions in hidden fees; NAB is correcting widespread employee underpayments; and Nvidia has been hit by a sudden investor sell-off.
00:00 ASIC has taken the Commonwealth Bank to court, alleging thousands of business customers were overcharged millions in undisclosed fees
00:59 NAB will repay almost $170 million to tens of thousands of underpaid workers, ahead of a parliamentary grilling alongside Commonwealth Bank
01:39 Wall Street finished higher, but attention quickly turned to Nvidia after its shares plunged in after-hours trade
02:28 The local market finished slightly lower, but gains from Dominos and Xero helped the ASX recover from a weaker start
03:09 The government wants workers to share in the benefits of AI, as it releases draft guidance on adopting the technology in the workplace
04:11 Australians are increasingly choosing Vietnam and Indonesia for overseas holidays, while visits to some traditional destinations are declining
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#CommonwealthBank #NAB #Nvidia #ASX #ArtificialIntelligence #FinanceNews
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