Yahoo Finance ASX set to rise, housing stress increases and 3 other things to start your day.
ASX: The ASX is expected to rise after another quiet day yesterday, as Wall Street's main indexes have begaun the week on a dull note due to curbs in China and losses in energy stocks following a report of a likely increase in oil output, while gains in Disney helped ease the pressure on the Dow.
FTX fallout : The failed cryptocurrency exchange FTX owes more than $US3 billion ($A4.5 billion) to its largest creditors, the company has disclosed in a court filing.
The list of the top 50 unsecured claims against FTX gives the public a first glance into the amount of money Sam Bankman-Fried's companies may owe his customers.
Financial controli: A new report by the Centre for Women's Economic Safety has called on the banks to make the changes so it is more difficult for products such as joint accounts, credit cards and mortgages to be used as a coercive- control measure.
The report said measures such as setting up joint accounts with separate passwords and logins were a way to ensure the accounts could not be used as a form of abuse towards women should relationships break down.
Cheaper child care: Cheaper child care is set to become available in July with the Ggovernment's signature election pledge on the precipice of passing.
Families earning up to $80,000 will receive a 90 per cent childcare subsidy, which will be tapered down until it hits the maximum income threshold of $350,000.
The subsidy will decrease by 1one per cent for every $5,000 of income before ending for families earning $350,000.
Housing stress: Nearly a million households could wind up in housing stress by 2041, with families over-represented when it comes to unmet housing need.
University of New South Wales research found housing- affordability issues were expected to balloon over the next two decades and force thousands more people into homelessness, overcrowding or housing stress.
Also read: Commonwealth bank slashes rates
Also read: Aussies switch to solar as energy bills skyrocket
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