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ASX to rise as 'Boycott Woolworths' trends

Lucy Dean
·3-min read
Melbourne, Australia - March 25, 2015: a Woolworths supermarket in suburban Melbourne. Woolworths operates one of the two large national supermarket chains in Australia.
Australians are furious at Woolworths' latest move. Image: Getty

ASX: The ASX is expected to rise at the open on Thursday after global markets rallied overnight, led by tech stocks. Facebook lifted more than 8 per cent while Google’s Alphabet was also up 6.4 per cent.

The Australian dollar was also trading at US$71.77c this morning.

Wall Street: Wall Street’s main indexes pushed higher on Wednesday local time as investors poured into tech stocks.

Unofficially, the Dow Jones Industrial Average lifted 1.34 per cent to 27,847.66, while the S&P500 rose 2.20 per cent to 3,443.44 points. The tech-heavy Nasdaq was up 3.85 per cent to 11,590.78 points.

Election: The race to the White House is stretching into a second day with challenger Joe Biden securing the key state of Wisconsin. However, US President Donald Trump intends to sue Michigan, claiming fraud. Follow our live blog here.

Wages: The Covid-19 recession has forced hundreds of thousands of Australians out of work and also suppressed spending. So what does that mean for wages? It means there’s a long road ahead. Here’s what we know.

Cashless welfare: The implementation of controversial cashless welfare cards will be in the spotlight on Thursday as charities and Indigenous groups prepare to give feedback on a Government proposal to extend the scheme.

“Aboriginal Peak Organisations Northern Territory (APO NT) believe that compulsory and conditional income management is a vehicle for disempowerment and continuing the stigmatisation and trauma of Aboriginal people,” the APO NT reads.

Office days: Australians are dusting off their suit jackets and putting away their tracky dacks and heading back into city offices, new data reveals.

Bizarre searches: As the election ekes on, Americans are growing increasingly nervous and… hungry? Google revealed searches for “fries near me” and “liquor store near me” hit all time highs during the anxious wait. Here’s what else the search engine is tracking.

‘Malicious’ hack: There’s a fresh warning for Australians as scammers attempt to persuade vulnerable computer users into downloading “malicious” software. This is what you need to look out for.

Woolworths boycott: And “boycott Woolworths” is trending on Twitter after the supermarket giant revealed it was partnering with News Corp on a new community recognition program.

It comes as a petition calling for a royal commission into Rupert Murdoch’s News Corp nears 500,000 signatures.

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