RBA deputy hints at rate cuts; Microsoft, Meta huge profits; copper falls most in 40 years

Friday 1 August 2025 The deputy governor of the RBA hints at a rate cut in a fortnight’s time, just as figures suggest a pickup in the retail and building sectors.  And more, including: Microsoft and Meta announce huge quarterly profits.  Copper - the bellwether commodity - tumbles 20 per cent, the biggest intraday fall in nearly 40 years.  Virgin gives the green light for dogs and cats to travel with passengers in cabins.  Westpac takes over from Commonwealth bank, sponsoring Cricket Australia. Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, cash or cashless: what’s better for the budget? 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.