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Yahoo Finance's Tuesday morning wrap

The restaurant empire of celebrity chef George Calombaris is going into voluntary administration - and more in our morning wrap. Source: AAP

Good morning.

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

The ASX is expected to rise after Wall Street rebounded overnight on a strong US economic outlook.

The Aussie dollar was buying 66.8 US cents at 7am AEDT, down from 67.01 US cents on Monday.

George Calombaris’ empire collapses: The celebrity chef has put much of his restaurant empire in the hands of administrators, with around 400 jobs at risk.

The only part of the business excluded from administration is a chain of four Yo-Chi outlets.

Could Airbnb solve the bushfire accommodation crisis? Experts say the accommodation-sharing platform could help relieve the current pressure on the rental market.

Gold holds on to gains: As the coronavirus crisis continues to unfold, and the World Health Organisation issues a stark warning about the potential for more cases beyond China, investors are flocking to safe bets.

Investors lose confidence in Facebook: Billionaire PayPal founder, Peter Thiel, who once controlled 45 million shares of the social media site, now owns just US$2 million worth of stock.

She’s the 24-year-old engineer General Motors needed: Two years out of college, Alex Archer had a secret meeting with General Motors to come up with a new invention for the manufacturer’s next SUV. Here’s her story.

Have a great day.

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