ASX: The local market is expected to open lower this morning after a mixed finish on Wall Street on Friday.
This comes after the , with nearly every sector in the green after China took measures to prop up its economy.
Wall Street: on Friday, but still logged steep weekly losses.
The S&P 500 posted its longest weekly losing streak since the dot-com bubble burst, as concerns over tighter monetary policy and the resilience of the economy and corporate profits in the face of inflation resurged.
Crypto: Goldman Sachs has calculated that the global market for the 200 largest cryptos has from its peak late last year.
The sell-off has been labelled the “crypto-winter”.
Federal election: Anthony Albanese will be sworn in as Australia's 31st prime minister just hours ahead of a .
Meanwhile, Australia's with the incoming prime minister on improving worker conditions.
And Australian business groups said the incoming Labor government must work quickly to, while coming up with practical measures to tackle rising cost pressures.
Additionally, the care sector wants the incoming Albanese government to do more to .
Provider Catholic Health Australia said its facilities needed support in meeting the extra costs of preventing virus infections, which are not reimbursed by the Commonwealth unless there is an outbreak.
Petrol prices: It hasn't taken long for the benefit of a cut in the fuel excise to be wiped out by impacting on imports.
Motorists are already forking out $2 per litre again, despite the halving of the excise for six months as part of a $8.6 billion cost-of-living package.
New record: A unicorn in the car collector world just went under the hammer, and sold for a record-breaking, $200 million (135 million euros).
This is the .
Funeral trends: Modern Aussies have - they're more for being farewelled at a beach or bowlo before being pressed into a jewel, rocketed into space in a firework or tattooed into someone's skin.
The Kremlin has rejected claims it has defaulted on its external debt for the first time in more than a century, after a grace period on $US100 million ($144 million) interest payments ran out.In a call with reporters, Kremlin spokesperson Dmitry Peskov said Russia made bond payments due in May but the fact they had been blocked by Euroclear because of Western sanctions on Russia was "not our problem".
Members of the Group of Seven wealthy nations have announced a ban on imports of Russian gold as the G7 summit in the Bavarian Alps begins under the shadow of the war in Ukraine and consequences ranging from energy shortages to a food crisis.The move by Britain, the United States, Japan and Canada is part of efforts to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine more than four months into a conflict Russian President Vladimir Putin calls a s
Group of Seven leaders have pledged to raise $US600 billion ($A864 billion) in private and public funds over five years to finance infrastructure in developing countries and counter China's multi-trillion-dollar Belt and Road project.US President Joe Biden and other G7 leaders relaunched the newly renamed "Partnership for Global Infrastructure and Investment", at their annual gathering being held this year at Schloss Elmau in southern Germany.
A growing number of Australians are identifying as Indigenous, including an increasing number of older people who are for the first time confirming their cultural origins.Census data revealed on Tuesday that there are 812,728 people who identify as Aboriginal or Torres Strait Islander in Australia.
A retired AFL star accused of trafficking $230,000 worth of drugs should be bailed so he can address his escalating addiction, his lawyer says.Sam Fisher, 39, applied for bail in Melbourne Magistrates Court on Monday after he was last month charged under a joint investigation between West Australian and Victorian detectives.
Australia's new environment minister has proclaimed her ambitions to show global leadership on ocean conservation but Tanya Plibersek this week gets her first chance to walk the talk.Heads of state and environment ministers from around the world are meeting in the Portuguese capital Lisbon to work out how to save the ocean from the ravages of climate change, pollution, overfishing and development.
Treasurer Jim Chalmers says a planned review of operations of the Reserve Bank of Australia is not about taking pot-shots at governor Philip Lowe but to ensure monetary policy settings are right.Dr Chalmers will soon release the terms of the review, an inquiry that was backed by former treasurer Josh Frydenberg before the May election.
Hong Kong on July 1 will mark its 25th anniversary under Chinese rule.The financial hub returned to China from Britain in 1997, with promises of wide-ranging freedoms and autonomy under "one country, two systems" governance.
Ukrainian President Volodymyr Zelenskiy says Ukraine will win back all the cities it has lost to Russia, including Sievierodonetsk, and admits the war is becoming tough to handle emotionally.In a late-night video address, he also said Ukraine had been hit by 45 Russian missiles and rockets in the previous 24 hours, which he described as a cynical but doomed attempt to break his people's spirits.
World champion Noah Lyles has overcome Erriyon Knighton to win the men's 200 metres in 19.67 seconds at the US track and field championships, with Abby Steiner putting the sport on notice with back-to-back world-leading times to win on the women's side.
A Russian missile strike has hit a crowded shopping centre in the Ukrainian city of Kremenchuk, killing at least two people and wounding 20, senior Ukrainian officials say.The attack caused a huge fire and sent dark smoke billowing into the sky, footage circulated by President Volodymyr Zelenskiy showed.
A delay in the Brittany Higgins case is not expected to impact the implementation of key workplace culture reforms, including at Parliament House.Federal Minister for Women Katy Gallagher says the advice she has received, after a court ruling, was that the timeframe for the recommendations of the landmark Respect@Work report will not delayed.
Melbourne Vixens coach Simone McKinnis is counting on her side to carry the momentum from their barnstorming preliminary final finish over the Giants into the Super Netball decider against West Coast Fever.The minor premiers were in serious danger of bombing out of the post-season with two straight home losses after being outscored 40-23 by the visitors through the second and third quarters of Saturday's grand final qualifier at John Cain Arena.