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Feds spend $3b to ‘finish’ NBN, big bank share prices fall, Myer reports poor Xmas sales

Feds spend $3b to ‘finish’ NBN, big bank share prices fall, Myer reports poor Xmas sales

FEAR & GREED | Business News
17 min
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<p><strong>Tuesday 14 January 2025</strong></p> <p><strong>The federal government announces another $3b for the NBN, saying it will enable most homes and businesses to fully access high speed internet.&nbsp;</strong></p> <p>And more, including:</p> <ul> <li> <p>The share price of the big banks are sold down on the back of interest rate fears.&nbsp;</p> </li> <li> <p>Sales at Myer disappoint, sending its share price down 15 per cent.&nbsp;</p> </li> <li> <p>Bidding war breaks out for wealth manager Insignia Financial</p> </li> <li> <p>And humanity’s largest gathering begins in India, where 400 million people are expected to congregate for a Hindu festival</p> </li> </ul> <p><strong>Plus don’t miss the latest episode of </strong><a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/" rel="nofollow"><strong>How Do They Afford That?</strong></a><strong> - dealing with a financial hangover. Get the episode from</strong><a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235" rel="nofollow"><strong> </strong><strong>APPLE</strong></a><strong>,</strong><a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14" rel="nofollow"><strong> </strong><strong>SPOTIFY</strong></a><strong>, or anywhere you listen to podcasts.</strong></p> <p><a href="https://fearandgreed.com.au" rel="nofollow">Find out more: https://fearandgreed.com.au</a></p> <p>See <a href="https://omnystudio.com/listener" rel="nofollow">omnystudio.com/listener</a> for privacy information.</p>