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ASX to fall, businesses make anti-harassment pledge

·2-min read
Sydney, Australia - March 5, 2014: An office worker crossing a road is reflected in the glass display of a trading screen at the Australian Stock Exchange on Bridge Street.
(Source: Getty)

Good morning.

Here's your Yahoo Finance Friday morning wrap:

ASX: The Australian share market is expected to edge lower at the start of trade after US markets finished the day lower. Yesterday the ASX finished at a three day high up 0.8 per cent.

Wall Street: US stocks took a dive after US President Joe Biden announced a new tax plan to almost double the capital gains tax.

The three main indexes on Wall Street fell on reports Biden also planned to raise income taxes on the wealthy.

Harassment pledge: Leading Australian businesses have publicly committed to stamping out workplace sexual harassment amid a nationwide reckoning sparked by a series of high-profile cases.

The chief executives of banks, legal firms, mining companies, universities and other groups have signed Diversity Council Australia's #IStandForRespect pledge.

CEO departs: The CEO of energy provider AGL, Brett Redman, has left the company just one month after starting efforts to create separate coal-fired power and clean energy businesses.

On Thursday the company said Redman had resigned after two and a half years as CEO, effective immediately, as he could not commit beyond the proposed demerger.

Pandemic pay rise: Just because we’re in a pandemic does not mean you can’t ask for a pay rise. According to a pay rise expert, there are three concrete steps to earning more in your job – and they’re surprisingly straightforward.

On the rocks: Australia’s largest wealth manager, AMP, reported more losses in the first quarter as the embattled company continues to struggle post-Royal Commission.

In the first quarter of 2021, assets under management in the unit increased by $1.6 billion to $125.7 billion, from the same period last year. But, the outgoing CEO said the results show “resilience”.

Jackpot: What would you do with $80 million? Two Sydneysiders have woken up to the news they are now in the millionaire’s club. The jackpot will be split equally between two players who will receive $40 million each.

Have a great day.

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