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 closes down

2. US co targets Domain

3. Bunnings boom

4. QBE boosts profit

5. Chinese warship strife

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Listener Rachel asks: Something that's always bugged me about unemployment data. How do they know who's actually employed? Is it based on tax records, or do companies have to report new hires, or is there some other way of reporting? Or is it just an estimate? I'm curious.

Join Sean Aylmer & Michael Thompson as they answer listener questions.

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Friday 21 February 2025

There are plenty of jobs for everyone, it seems, which is good news for workers but it probably pushes out the next interest rate cut.

• Canberra and South Australia to pony up $2.4 billion to save the Whyalla steelworks.
• And Apple set to release a brand new “cheap” iPhone.
• Plus profit results from Telstra, Wesfarmers, Rio Tinto and Fortescue Metals, and Donald Trump finally earns the ire of local politicians.

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And don’t miss the latest episode of How Do They Afford That? - the script that can help you avoid a loyalty tax. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

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