Show Notes
Myer is discounting stock as weak consumer spending continues to weigh on retail.
Myer has warned consumer spending remains weak as it discounts stock, but what does that tell us about the health of Australian households and retailers? Ricardo Gonçalves hosts SBS On the Money and speaks with Nick Schoenmaker from Portfolio Construction Partners about the retail outlook, the Australian sharemarket and the latest investor enthusiasm around AI.
More from SBS On the Money
Oil reaches about US$114 a barrel as investors weigh inflation, interest rates and the Australian dollar.
Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors.
NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles.
Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost.
Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.