Oil jumps | Banks grilled | Japanese convenience socks

Brent crude jumps more than 4 per cent on fears the war in Iran will continue, despite an easing of petrol prices; bank executives face further grilling in Canberra before a Senate Estimates Committee; and a Japanese convenience store looks to socks to help attract customers in a competitive environment.

00:00 Shares in chipmaking giant Nvidia plunge after chief executive Jensen Huang quits, following revelations of extramarital affairs
01:27 Falling global oil prices have cut Australia’s average unleaded price by about 22 cents in three weeks, according to the NRMA
03:08 Oil rose more than 4 per cent to above US$95 a barrel, while gold fell to a fresh one-year low
03:58 The Australian dollar has weakened against the US dollar, and the ASX 200 fell 0.7 per cent
04:30 Big four bank shares fell as NAB’s chief executive apologised for underpaying thousands of staff over 14 years
06:58 A Japanese convenience store chain has sold more than 40 million pairs of socks, driven by social media and their appeal as collectibles

Ricardo Gonçalves breaks down the day’s financial news in On The Money.

#OnTheMoney #OilPrices #ASX #Nvidia #NAB #financenews

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