Thu, 30th Jan 2025 - Financial Services News Wrap

What this episode covers

In this podcast, Paige Estritori reports on global financial market volatility resulting from Chinese tech startup DeepSeek's open-source AI model launch. There were considerable falls for European and US stock markets, Nvidia shares and a weakened US dollar due to tariff threats on Colombia. The Association of Superannuation Funds of Australia is requesting that scam oversight be handled by the Australian Securities and Investments Commission for better consumer protection. The varying housing market in Australia is also discussed, with hints of potential negative values if there are no interest rate cuts. Lastly, they touch on an inquiry by the Australian Capital Territory into rising insurance costs, inviting listener suggestions for improvements until March 14th.

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When was this Financial Services News Wrap episode published?

This episode was published on January 29, 2025.

What is this episode about?

In this podcast, Paige Estritori reports on global financial market volatility resulting from Chinese tech startup DeepSeek's open-source AI model launch. There were considerable falls for European and US stock markets, Nvidia shares and a weakened...

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