Here’s Yahoo Finance’s Wednesday morning wrap.
The ASX is expected to rise early in trade, after Wall Street finished higher overnight.
Local investors will be watching the Covid-19 cluster in Sydney’s southwest, which has so far been found to have infected 30 people.
One Australian dollar was buying 69.76 US cents at 0700 AEST, higher from 69.54 US cents at the close of trade on Tuesday.
In the US, investors were buying shares in energy and materials as investors looked to value stocks amid the surging coronavirus cases and extended business closures.
Virgin Atlantic: British airline Virgin Atlantic is reportedly close to securing a STG1.2 billion (AU$2.17 billion) rescue deal.
The deal which will involve backing from Richard Branson's Virgin Group and hedge fund Davidson Kempner, could be confirmed later on Tuesday, according to Sky News.
A formal announcement is expected to be made in the coming weeks.
Luxury jewellery for a steal: More than $1 million worth of jewellery will be auctioned off online this week, with exclusive items flogged for a fraction of their regular price.
The jewellery items, including Rolex watches and diamond rings, were all seized by the Commonwealth and forfeited under proceeds of crime. Here’s how to get your hands on them.
Want to be richer and smarter? It’s easier said than done, but if you commit to change, it can really happen, money commentator Peter Switzer said.
Here are his five steps to getting richer and smarter.
Remote teams: Building a great team was hard enough when the office was a place where we all gathered and worked from, organisational psychologist and founder of innovation consultancy firm Inventium, Amantha Imber, said.
But it can be done. Here are three evidence-backed ways that you can turbo-charge collaboration within your team.
Have a great day.
Are you a millennial or Gen Z-er interested in joining a community where you can learn how to take control of your money? Join us at The Broke Millennials Club on Facebook!