Yahoo Finance ASX down, kids cash boost and 5 other things to start your day
ASX: The local share market is expected to start the week in the red after Wall Street declined over the weekend.
Jobs:The unemployment number is expected to fall this week, when the Australian Bureau of Statistics releases its latest report.
Some economists expect to see a recovery in employment in February after seasonal factors contributed to an unexpected loss of 11,500 jobs in the economy in January.
Pocket money: Premier Dominic Perrottet has promised a major investment for young people if he wins the upcoming state election.
The plan would see every child aged 10 and under in 2023 in NSW, and every newborn thereafter, receive a fund with a starting investment of $400. Parents and carers can make additional payments of up to $1,000 into the accounts, which the government will match to the tune of up to $400 a year.
If parents pay $400 a year extra, the funds will be worth $28,000 by the time a child turns 18, and if they pay the maximum $1,000 a year top up, the funds could be sitting at an estimated $49,000.
AUKUS: Australia's plan to acquire nuclear-powered submarines will create and support about 20,000 jobs over the next three decades, Prime Minister Anthony Albanese said.
The prime minister is with his US and UK counterparts to unveil the "optimal pathway" for the submarines under the AUKUS partnership in San Diego, California on Monday, local time.
EVs: One of the world's leading automakers could boost the number of electric vehicles it brings to Australia if the federal government changes its policies.
Polestar's Australian managing director Samantha Johnson told an electric car show the brand was closely watching developments in the country's proposed National Electric Vehicle Strategy.
Held accountable: A public policy think tank wants large private companies to report on climate risk alongside their public counterparts to stop climate-exposed businesses going private to dodge oversight.
The Centre for Policy Development also said large government entities, such as Australia Post and the Future Fund, should be forced to disclose.
Razzie: Before celebrating the best films of the season during the Oscar ceremony, the Razzie Awards called out the worst over the weekend.
Biographical drama Blonde, starring Ana de Armas as Hollywood icon Marilyn Monroe "won" Razzies for both worst picture and screenplay.
- With AAP
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