$40 billion wiped from ASX | Huge CEO pay rises | Record female art painting
$40 billion is wiped from the Australian sharemarket despite a better than expected profit result from Nvidia as investors be the US may delay interest rate cuts; a new report reveals the CEOs of Australia’s top 300 listed companies received an average pay rise of more than 10 per cent; and a painting by Freda Kahlo makes history becoming the most expensive by a woman, to be sold at auction.
00:00 119,000 jobs were created in the US in September, more than expected – but the unemployment rate still rose to a four-year high of 4.4 per cent
01:58 The ASX200 down 1.6 per cent today – to a six-month low
03:19 A new private report revealed the CEOs of Australia’s top 300 listed companies surged by almost three times of average wage growth in 2025
05:26 An iconic artwork by Frida Kahlo has made history, becoming the most expensive painting by a woman to be sold at auction
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#Finance #ASX200 #Nvidia #Economy #BusinessNews #FridaKahlo
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