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

SBS Finance Editor Ricardo Gonçalves speaks with Shane Oliver from AMP to figure out the real drivers of inflation; plus Damien Boey from Wilson Asset Management about the day's sharemarket action including a software shares sell-off. 

The Reserve Bank of Australia has increased interest rates for the first time since November 2023, hiking the official cash rate to 3.85%. It says it now expects inflation to remain well above its 2-3% target for longer, leaving the door open for further rate increases. For more ...  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:

Ian King has the latest on the markets' reaction to the collapse of Silicon Valley Bank, and government stats for unemployment and vacancies. Plus John Carroll at Santander is discussing how international trade is helping UK firms; Jason Cheng from private equity firm Kerogen Cap ...  Show more

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