Australia markets closed

Yahoo Finance's Thursday morning wrap

Do you know the rule of 72? Image: GEtty

Good morning.

Here’s everything you need to know in finance today.

Stocks: The ASX is expected to open higher on Thursday, in spite of a mixed night on Wall Street. THe Dow Jones Industrial Average finished 0.06 per cent lower, while the S&P 500 was up 0.03 per cent and the Nasdaq Composite was down 0.35 per cent. 

Qantas: Qantas has confirmed it will cut an unspecified number of jobs in a bid to boost efficiencies and cut costs. 

Animals: We love, use and eat animals in our daily lives, writes independent economist Stephen Koukoulas, arguing that animals are a critical part of Australia’s economy. 

Financial advice: Do you know the rule of 72? It’s one of the nine things financial advisers wish you did. Here are the other eight. 

Drought: Drought-affected small businesses will be eligible for cheaper loans under a new plan from the federal government. 

"Our drought plan is not set and forget," Prime Minister Scott Morrison said.

"We have been back on the ground listening to farmers and their communities, and this package is a direct response to their feedback.”

Cryptocurrency: Terrorists may be using cryptocurrencies to fund their missions, as the anonymity of the currencies allow protection. That’s the warning from Home Affairs Minister Peter Dutton. 

Banned: As Woolworths’ underpayment scandal remains in the spotlight, Attorney-General Christian Porter has pushed to have directors of companies who underpay workers to be banned from sitting on boards. 

Have a great day.

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