Here’s your Yahoo Finance Thursday morning wrap:
The Australian share market is expected to open in the green thanks to a positive run on Wall Street overnight.
All three major US benchmarks wrapped up higher in the final hour of markets being open, lifted by Walt Disney, Boeing and Raytheon.
The AUD is buying US 71.9 cents, and the ASX futures is up 23 points or 0.4 per cent at 6:20am AEST, according to the AFR.
Outlooks revised: Economists are going over their economic forecasts as the Victorian shutdown ripples across the national economy. KPMG economists expect the stage four lockdown to mean a $830 million output loss in August, or 2.5 per cent slide. Here’s what a bunch of Aussie economists are predicting.
There is a particular group of mortgagees who are winning from the Covid-19 pandemic and raking in the savings. Here’s who they are, according to money and mortgaging expert Nicole Pedersen-McKinnon.
Melbourne businesses are doing it tough right now. New restrictions have officially kicked in, with retail stores largely closed and construction and manufacturing scaled back. Here are a few of the facts and figures.
Did you get a rent reduction because you lost income during the pandemic? You’re lucky – less than ten per cent got that privilege. Better Renting did a survey of nearly 1,000 residents over May and June and found coronavirus worsened housing inequality.
The former boss of Meals on Wheels Tasmania stole $111,000 from the charity and spent it on adult workers, food and other personal expenses – and has also dodged serving jail time. He started taking a drug in 2013 for Parkinson’s disease, which led to impulse issues and a sex addiction.
"Because the offending coincided with the administration of this drug, I'm prepared to accept your conduct was out of of character," Justice Michael Brett told the Supreme Court in Hobart via video link on Wednesday.
ICYMI: Some Coles customers are having issues with paying for their Click & Collect orders, and the supermarket giant is laying the blame squarely on one bank: NAB.
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