ASX: The local market is expected to open lower this morning after a mixed finish on Wall Street on Friday.
This comes after the , with nearly every sector in the green after China took measures to prop up its economy.
Wall Street: on Friday, but still logged steep weekly losses.
The S&P 500 posted its longest weekly losing streak since the dot-com bubble burst, as concerns over tighter monetary policy and the resilience of the economy and corporate profits in the face of inflation resurged.
Crypto: Goldman Sachs has calculated that the global market for the 200 largest cryptos has from its peak late last year.
The sell-off has been labelled the “crypto-winter”.
Federal election: Anthony Albanese will be sworn in as Australia's 31st prime minister just hours ahead of a .
Meanwhile, Australia's with the incoming prime minister on improving worker conditions.
And Australian business groups said the incoming Labor government must work quickly to, while coming up with practical measures to tackle rising cost pressures.
Additionally, the care sector wants the incoming Albanese government to do more to .
Provider Catholic Health Australia said its facilities needed support in meeting the extra costs of preventing virus infections, which are not reimbursed by the Commonwealth unless there is an outbreak.
Petrol prices: It hasn't taken long for the benefit of a cut in the fuel excise to be wiped out by impacting on imports.
Motorists are already forking out $2 per litre again, despite the halving of the excise for six months as part of a $8.6 billion cost-of-living package.
New record: A unicorn in the car collector world just went under the hammer, and sold for a record-breaking, $200 million (135 million euros).
This is the .
Funeral trends: Modern Aussies have - they're more for being farewelled at a beach or bowlo before being pressed into a jewel, rocketed into space in a firework or tattooed into someone's skin.
Horizon Minerals Limited (ASX:HRZ) is pleased to advise that it has received firm commitments to place approximately 44.4 million fully paid ordinary shares in the Company at $0.09 per share to raise $4.0 million.
Just days after successfully raising $20m from investors keen for a slice of Apiam Animal Health Limited (ASX:AHX) and their rapidly growing business, the vet clinic operator has secured a prized asset in one of Victoria's fastest growing regions located just 40km north of the CBD.
Wall Street's main indexes have posted solid gains, fuelled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession.The benchmark S&P; 500 swung between positive and negative during the session but stocks picked up steam heading into the market's close.
Wall Street's main indexes have jumped sharply in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans.All 11 S&P; 500 sectors ended higher.