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 another record

2. RBA Governor on inflation

3. Diplomat families told to leave Middle East

4. Results wrap

5. NVIDIA’s massive profit

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Thursday 26 February 2026

Higher than expected inflation figures have upped the chance of an interest rate hike in coming months. 

• The local sharemarket hits an all-time high
• A bumper profit at Woolworths sends its share price up the most in 30 years 
• AI bites, with WiseTech Global to cut 2,000 jobs
• Donald Trump’s loud, abrasive State of the Union address

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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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Biotech company Imugene reported its half-year results yesterday. It’s still loss-making, but sharply cutting costs and seeing what appear to be genuinely encouraging clinical results.

Its lead cancer therapy, azer-cel, is showing strong response rates in difficult lymphoma cases, with some patients cancer-free for nearly two years - and the FDA has given positive feedback on the company’s strategy.

But at the same time, the company’s share price is down around 80pc over the last year.

Sean Aylmer speaks to Leslie Chong, CEO and Managing Director of Imugene, about what it takes to run a long-cycle biotech business, trying to develop life-changing treatments while keeping investors engaged.

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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 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/

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

See omnystudio.com/listener for privacy information.