Yahoo Finance ASX to rise, $250 free travel card and 5 other things to start your day
Good morning!
ASX: The local share market is expected to open higher this morning after US stocks rallied over the weekend.
RBA hikes: The Reserve Bank is gearing up to hike interest rates yet again tomorrow.
This would be the seventh consecutive rate hike as the central bank struggles to get inflation - or the cost of living - back under control.
Bill shock: Energy prices are expected to skyrocket, with Federal Treasurer Jim Chalmers saying he is taking the matter seriously.
Electricity prices are tipped to rise 56 per cent, and gas prices are expected to rise as much as 40 per cent, over the next two years.
So, what can be done? Chalmers said implementing a mandatory code of conduct for retailers could be the answer.
Free travel: University students, apprentices and trainees from regional NSW will soon have access to $250 worth of free travel, to help cut the cost of their commute.
Eligible Aussies will get a card that could be used to pay for public transport to taxi fares and even petrol, as the Government works to ease cost-of-living pressures.
Work changes: New workplace laws could be coming in for employees in female-dominated industries such as child care and aged care.
So what’s going to change? Under the proposed changes, employers would be legally required to reach agreements with workers who requested flexible work hours.
Additionally, multi-employer bargaining would be introduced and the wages umpire would get new powers to resolve any ongoing disputes.
Going green: What do IKEA, Uber, finance firms and farmers have in common?
They all want changes to Australia’s electric vehicle policies.
More than 100 organisations have joined the call, which is looking to put 1 million electric cars on Aussie roads within five years.
Reception black spot: Your local postie could be delivering more than your next parcel.
Postal vans could soon be used to help deliver better mobile phone reception.
A $20 million independent audit will be rolled out to help identify black spots and where phone service could be improved.
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