This is the Fear and 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.

1. ASX hits record

2. Bumper crop of results

3. PM evacuated after bomb threat

4. Deloitte warns on ChatGPT

5. Louvre director resigns after robbery

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Investors ramp up their selling of tech stocks as the implications of AI filter through the market. 

Wednesday 25 February 2026

• Federal Treasury says scaling back the capital gains tax concession for property investors will help first-home buyers
• The federal government releases the business case for a $92 billion high speed rail link between Sydney and Newcastle
• The owner of Westfield shopping centres wants to build 16,000 apartments at six of its malls
• Donald Trump's tariffs kick in, at ten per cent, not 15 per cent

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And don’t miss the latest episode of How Do They Afford That? - this week, starting from scratch with money. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

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Australia has a productivity problem, and AI is often pitched as the solution. But while companies are running pilots everywhere, very few are actually getting AI into enterprise production.

Sean Aylmer speaks with Frank Fillmann, Executive Vice President and general manager of Salesforce ANZ, about why 95% of AI pilots fail, why the “last mile” is so hard, and how businesses can move from slick demos to real P&L impact.
Frank will be appearing today at Agentforce World Tour Sydney.

Fear & Greed is proud to partner with Salesforce for this event at the ICC. Over the next couple of weeks, we'll bring you a series of interviews exploring how agentic AI is transforming Aussie businesses. Visit https://www.salesforce.com/au/news/ for more information.

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This is the Fear and 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.

1. ASX flat; tech tumbles

2. Ex-ANZ boss drops lawsuit

3. Profit season delivers mixed results

4. Airlines battle over loyalty bonuses

5. Mandelson caught up in Epstein probe

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Tuesday 24 February 2026

Australia’s beef industry expects an exemption from US tariffs, as the rest of the world struggles to understand the winners and losers from the latest 15 per cent imposition. 

• The federal Opposition pressures the government on Islamic State families
• The Gold Coast is getting a Trump Tower
• The Fair Work Commission finds in favour of an employer who sacked a worker for making the Nazi salute
• Australians warned about travelling to Mexico

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And don’t miss the latest episode of How Do They Afford That? - this week, the kids’ money blueprint. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

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US tech giants are spending as much as US$700 billion this year on AI — roughly a third of Australia’s GDP. But what if the profits and productivity gains take far longer to arrive than markets expect?

Sean Aylmer speaks with Dr Kevin Hebner, Global Investment Strategist at Epoch Investment Partners about the risks of over-concentration in US tech, the 'March of the Nines' and why every major technology wave in history has taken decades — not years — to deliver real returns.

This is general information only, and you should seek advice tailored to your circumstances before making investment decisions.

Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.

This is the Fear and 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.

1. ASX slips on tariff uncertainty

2. Govt accused of hypocrisy on tariffs

3. Royal Commission set to begin

4. Results wrap

5. Man shot dead at Trump’s Florida home

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Monday 23 February 2026

Australia has emerged as a loser after the US Supreme Court’s decision to knock back Donald Trump’s Liberation Day tariffs triggered the imposition of a global 15 per cent levy, which is higher than what we pay now. 

• Strong earnings from Aussie companies pushes the ASX to record territory. Prime Minister Anthony Albanese says his government will be focusing on cost-of-living pressures and the economy in the run up to the May budget
• Which Australians feel best about life
• The end of the winter Olympics

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And don’t miss the latest episode of How Do They Afford That? - this week, the kids’ money blueprint. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

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Michael Thompson is joined by economist Stephen Koukoulas to look at the week ahead for the economy, including monthly inflation data, and capex figures - including a closer look at the impact of business investment.

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A bumper week of results, a renewed Liberal Party, and Coles and Instagram in court on different sides of the world.

Sean Aylmer and Michael Thompson go head to head on the top business stories of the week, with Adam Lang picking a winner in a fierce debate.

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