All Markets Summit: Yahoo Finance Australia will hold the 2020 All Markets Summit today, where we will hear from former Australian prime minister Kevin Rudd, the head of the WHO’s pandemic preparedness inquiry Helen Clark, Arianna Huffington and more. Stay tuned for our rolling coverage of the premium event.
ASX: The ASX is set to slide at the open after the US Federal Reserve said it will keep interest rates near zero for the next three years or more.
Wall Street: US markets had a mixed Wednesday with the S&P500 ending lower and the Dow Jones higher amid a downturn in tech stocks.
The Dow Jones Industrial Average rose 36.78 points, or 0.13 per cent, to 28,032.38, the S&P 500 lost 15.71 points, or 0.46 per cent, to 3,385.49 and the Nasdaq Composite dropped 139.86 points, or 1.25 per cent, to 11,050.47.
Economic outlook: Coronavirus has thoroughly dented the global economy, but according to a new report from the Organisation for Economic Cooperation and Development, it’s actually not as bad as it first looked.
Netflix: Australia’s lockdown companion, Netflix, is set to hike prices today. Here’s how much your streaming habit will cost now.
Home loan: How often do you make your mortgage repayments? The difference between weekly or monthly repayments could be tens of thousands of dollars, mortgage broker Rebecca Jarrett-Dalton told Yahoo Finance.
$1,500: Western Australians who need to quarantine or isolate and who do not have access to paid sick leave or Government income support are the latest to become eligible for the Government’s $1,500 pandemic leave payments.
Unemployment: Australia’s unemployment rate is expected to hit 7.7 per cent on Thursday, taking it to its highest level in 22 years. As of February, the jobless rate was 5.1 per cent with the Covid-19 pandemic sending the Australian economy tumbling into its first recession in 30 years.
Green energy: The Australian Renewable Energy Agency has received a $1.62 billion cheque from the Federal Government after its funds slumped to just $88 million. The new cash will fund it for another decade.
Flexible work: While Covid-19 has made remote work the norm, Australian women made redundant face challenges returning to work due to a lack of flexibility.