Here’s Yahoo Finance’s Friday morning wrap.
The ASX is expected to rise early, after improving US employment data buoyed the overseas market.
Retail trade figures for May will be released today, and will show the extent of economic recovery from the peak of the pandemic in this country.
One Australian dollar was buying 69.25 US cents at 0700 AEST, lower from 69.29 US cents at the close of trade on Thursday.
In the US, Wall Street closed higher, with the tech-heavy Nasdaq reaching an all-time closing high, as the official US unemployment rate for June dropped to 11.1 per cent from a previous 13.3 per cent.
Matthias Cormann will reportedly quit federal politics after the 6 October budget, the Australian Financial Review reported.
There's speculation he could take a job with the Organisation for Economic Co-operation and Development or consider other positions in his home town of Perth in Western Australia.
Pullback expected: Finance commentator Peter Switzer expects a minor stock market pullback or two on the horizon.
500,000 super funds emptied: Almost half a million superannuation funds have been raided – and completely emptied – under the government’s early release of superannuation scheme.
If that’s you, you might be thinking about how to repair your broken nest egg. Here are a few ways to rebuild you retirement fund.
From $0 to $43 million: When most of us are frustrated in our jobs, we’ll vent to a friend or family member and move on.
When Giovanni Pino and Ellie Vaisman were frustrated in theirs, they started their own company and made $43 million. Here’s how they did it.
Tax time: The best part of tax-time paperwork is looking forward to the small windfall you might receive after you lodge your tax return.
But with many Aussies feeling the pinch post-Covid, here’s the most effective way to spend (or save) your refund.
How mistakes can lead to brilliance: You’d be forgiven for thinking Junkee Media founder, Tim Duggan, had a fairly easy road to success looking at the media empire he built alongside his business partner, Neil Ackland.
But on the contrary, Duggan reveals his path to cult status, which is also the name of his first book, took more than a decade of mistakes. Here’s how he did it.
Have a great day.
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