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ASX to rise; NBN to get a $4.5 billion upgrade

Jessica Yun
·2-min read
Australia's outgoing Prime Minister Malcolm Turnbull speaks at a press conference in Canberra on August 24, 2018. - Scott Morrison was sworn in as Australia's seventh prime minister in 11 years on August 24 after a stunning party revolt against Malcolm Turnbull, which the new leader admitted had left the government "bruised and battered". (Photo by SAEED KHAN / AFP)        (Photo credit should read SAEED KHAN/AFP via Getty Images)
Australia's former Prime Minister Malcolm Turnbull. (Photo by SAEED KHAN/AFP via Getty Images)

Good morning.

Here’s your Yahoo Finance Wednesday morning wrap:

ASX: The Australian share market is set to lift at the open after Wall Street rebounded overnight.

Amazon stocks led the push in US stocks, jumping 5.7 per cent after it was upgraded by US analysis firm Bernstein to “outperform”. Microsoft, Apple, Alphabet and Facebook all rose by more than 1.6 per cent.

Australia’s new ‘technology investment roadmap’ is being criticised left right and centre. Former Prime Minister Malcolm Turnbull is among the critics, and reckons the nation still doesn’t have a coherent energy and climate policy.

The NBN is getting an upgrade, and it means millions of homes and businesses will get access to ultra-fast broadband speeds. "This is the right time for this network upgrade," said Communications Minister Paul Fletcher, ahead of a speech to the National Press Club on Wednesday. More on that here.

What should a ‘good budget’ be judged by? Here’s what independent economist Stephen Koukoulas had to say, as well as a look backwards at last year’s budget. The 2020-21 Federal Budget will be handed down on 6 October.

The banking sector granted a six-month repayment holiday on mortgages when the Covid-19 pandemic first hit. But what you might not know is that that holiday has been extended by another four months. Here’s what you need to know about that.

There’s a simple way to end every single workday on a high – and it only involves establishing a ritual that will take you all of two minutes. Here’s what it is and how to do it, according to behavioural science consultancy Inventium founder Amantha Imber.

Speaking of working, everyone loves doing their jobs from home – in comfort. New stats from Fiverr has found people spent an average of $450 setting up their home office, putting the nationwide bill at more than $2 billion. Here are some more neat facts and figures around that.

And looking ahead, the ABS is set to release figures later this morning on how retailers have been faring through the pandemic and what demand there is for new staff.

–with AAP

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