FEAR & GREED | Business News

Friday 16 October 2026
Australia’s unemployment rate hits a five year high, but it might not be enough to prevent another rate hike.
The auction market slump is forcing sellers to accept lower prices
The federal government launches its flagship online safety legislation
ASIC drops its insider trading investigation into WiseTech Global founder Richard White
Apple shifts into the smart home world, taking on Amazon and Google

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What does it take to turn magic into a serious business? For Scott Zhou, it meant dropping out of a commerce/law degree, building a team of professional magicians, and finding a way to sell something people really need to experience to understand.

Sean Aylmer speaks with Scott, CEO of The Black Ties, about building a business generating roughly $700,000 a year, why marketing matters as much as the magic itself, and his ambition to create Australia's own version of Hollywood's famous Magic Castle. Scott also performs a trick that leaves Sean completely baffled.
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This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
ASX recovers as unemployment rises
Corporate news
Greens senator takes leave over allegations
Cue Clothing to close stores
White House press secretary's credentials questioned
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Find out more: https://fearandgreed.com.au/
See omnystudio.com/listener for privacy information.

Thursday 15 October 2026
Commonwealth Bank boss Matt Comyn warns about the economic outlook for the rest of the year.
ASIC puts the heat on auditors over how they value private credit assets.
The federal court overturns a ban on a gold mine in central NSW
The chair of Guzman Y Gomez sells down his stake
The world’s oldest shipwreck found off the coast of Turkey in just 30 metres of water
Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here.
And don’t miss the latest episode of How Do They Afford That? - should you trust AI with your money? Get the episode from Apple, Spotify or anywhere you listen to podcasts.
Find out more: https://fearandgreed.com.au/
See omnystudio.com/listener for privacy information.

Australia has a shortage of financial advisers, just as more people need help planning for retirement and managing their wealth. Could artificial intelligence help close the gap - without replacing the human adviser?

Sean Aylmer speaks with Liz McCarthy, CEO of MLC Expand, about how AI is transforming financial advice, the extraordinary productivity gains already being achieved, and what the relationship between advisers and their clients could look like in five years.

This episode is part of a weekly series in partnership with MLC Expand, exploring retirement, investing, financial advice and the future of wealth management.

This is general information only. Always seek advice tailored to your circumstances before making investment decisions.
Find out more: https://fearandgreed.com.au/
See omnystudio.com/listener for privacy information.