Holden dealership jobs at risk: Yahoo Finance's Tuesday morning wrap
Good morning.
Here’s everything you need to know in finance today.
The ASX is expected to open flat, after US markets were closed for a public holiday yesterday.
The Australian dollar was buying 67.17 US cents at 0700 AEDT, down from 67.29 US cents as the market closed on Monday.
Holden closes doors - and leaves dealers in the lurch. With around 185 retail outlets in Australia and 31 in New Zealand, hundreds of workers could lose their jobs in the months to come if dealers are forced to shut.
And the surprising names the first Holden could have been called - think ‘Emu’ and ‘Boomerang’.
World’s richest man’s richest pledge: Amazon founder Jeff Bezos revealed in an Instagram post that he intended to pledge US$10 billion (AU$15 billion) of his own fortune to help fight climate change.
Don’t trade Tesla: Despite Tesla’s enormous gains on the stock market, strategists are warning against trading the company’s stocks. Here’s why.
Wage theft bosses to be disqualified: Bosses of firms that underpay workers could be barred from holding office as company directors, under changes reportedly being considered by the federal government.
‘Slavery rebranded’: Aussies have shared their experience in Centrelink’s ‘Work for the Dole’ program on Twitter, with some believing the entire program is a rort. Here’s why.
Have a great day.
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