Weekend Reading & MB Media Appearances

International Reading:

• SoftBank Loses $7 Billion as AI Data Centers Turn Out to Be Risky Investment – Futurism
• Verizon, AT&T and T-Mobile shut out Elon Musk’s phone service. Now the FCC is reviewing SpaceX’s plan to build its own – Money Wise
• Colette Kress, Nvidia CFO, Becomes Interim CEO As Jensen Huang Resigns – Business Insider
• Jensen Huang Basically Lit More Than $1 Trillion on Fire in Less Than a Month – Wired
• US credit card debt climbs to a record $1.29 trillion, New York Fed research finds – CNBC
• ‘Punch in the gut’: Homes sales fall to their lowest in 16 years – NPR
• Home sales hit 16-year low in October amid record-high mortgage rates – The Guardian
• In a policy switch, the Fed says its October 2027 meeting will not see a vote on interest rates – CNBC
• A $5.7 Trillion Face-Plant – The Atlantic
• Fed’s Hammack says inflation is worsening, favors gradual hikes – FX Street
• Nvidia CEO Jensen Huang resigns after reports of extramarital relationships – NBC News
• US returns over $12 billion in oil proceeds to Venezuela since Maduro’s ouster, report says – Gulf Coast News
• College students are swarming career fairs at 4:30 a.m., waiting in long lines for job interviews – Business Insider
• Industry minister terminates resolution talks with Stellantis over Brampton auto plant sale – CBC
• Freight distress persists as logistics layoffs top 1,000, bankruptcies mount – Freight Waves

Local Reading:

• Top national security advisor warned about Australia’s Microsoft reliance months ago – ABC
• ‘False crops’ trick invasive weed into killing itself – ABC
• Chris Bowen seeks pragmatic consensus heading into final COP31 talks – ABC
• Australian states could sue tobacco companies for billions in healthcare costs under proposal – The Guardian
• Longstanding disability advocates lose funding as NDIS participants reel from cuts – ABC
• House prices are falling, so why isn’t housing getting more affordable? – Torrens Uni
• ASIC accuses Commonwealth Bank of overcharging thousands of business customers – ABC
• Lake Eyre Basin’s ‘inland ocean’ to be harvested under flood plain proposal – ABC
• Heartland says December deadline for TSB takeover was ‘always going to be a tough ask’ – Interest.co.nz
• Housing market stumbles in October as sales slump and prices stagnate – Interest.co.nz
• Loss of NZ citizens topped 64k in September year – Interest.co.nz
• One-in-four Auckland residential property sales made at a loss in September quarter – Interest.co.nz
• NZ card spending drops again as fuel prices bite – Interest.co.nz

MB Media Appearances:

This interview with Sean Murphy at ABC Radio Upper Hunter unpacks the inflation and interest rate shock hitting Australia.

This interview with Luke Grant at Radio 2GB/4BC assesses the fallout from the RBA’s latest interest rate hike for the housing market and mortgage holders.

In this interview with Sean Murphy from ABC Radio Upper Hunter, I unpack my number one philosophy on personal finance: always spend less than you earn.

This week’s Treasury of Common Sense with Mike Jeffreys at Radio 2GB/4BC discusses the Argentinisation of Australia’s economy.