Inflation blame game | Cost of living rises more for pensioners | Software stocks smashed
The Treasurer says the government is not to blame for rising inflation which has led to higher interest rates; new official data points to rising cost of living costs with pensioners hardest hit; software stocks are smashed amid concerns AI will eat into softer product demand
00:00 Treasurer defends government’s spending
02:04 Cost of living pressures
02:51 When will banks pass on the interest rate hike?
03:36 ASX finishes higher
04:24 Australian dollar finishes stronger against the USD
05:29 Future Fund returns
06:05 Superannuation scams
07:09 New coins celebrate Australian Winter Olympians and Paralympians
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#OnTheMoney #InterestRates #CostOfLiving #ASX #Inflation
SBS News is Australia’s trusted news source for the latest news from Australia and across the world.
Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews
Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au
Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au
Follow SBS News on X: https://www.twitter.com/SBSNews
Follow SBS News on Facebook: https://www.facebook.com/sbsnews
Apple News: https://trib.al/MTx0gUe
For the latest news, visit www.sbs.com.au/news
Network Terms & Conditions: https://sbs.com.au/terms
Privacy Policy: https://sbs.com.au/privacy
Feedback or complaints: https://sbs.com.au/complaints
