CBA market cap breaches $300 billion, and Aus...

Australia’s unemployment rate has climbed to its highest level since late 2021, with nearly 19,000 jobs lost and youth unemployment on the rise, raising fresh questions about the economic outlook and the path for interest rates. Deloitte Access Economics partner Stephen Smith bre ...  Show more

The ASX 200 has fallen to a fresh seven-week low, on fears of rising global interest rates. SBS Finance Editor Ricardo Gonçalves speaks with Francesco De Stradis from Ord Minnett about the market sell-off and the key drivers behind it. Plus, William Buck Tax Services Partner Todd ...  Show more

The Commonwealth Bank reports a $7.3 billion half year profit, as other corporates feel the impact of COVID-19.  But the market’s reaction to CBA’s result has been interesting.

Also today:

Crypto cruising higher, as Bitcoin hits a new record high, topping $123,000. How U.S. lawmakers are gearing up to potentially pass regulatory changes that could bolster institutional demand. Plus Earnings season on deck, and all eyes are on big banks as the group kicks things ...

Coinbase CEO Brian Armstrong says being added to the S&P 500 Index proves crypto is here to stay. The company replaces Discover Financial Services in the index next week. He also talks about the expanded use of crypto payments and the status of a stablecoin regulation bill that i ...  Show more

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Economics Editor Molly Smith and Bloomberg Economics US Economist Stuart Paul join to preview this week's economic data and what it might reveal about the path of inflation. Bloomberg News Rates ...  Show more