Yahoo Finance Yahoo Finance's morning wrap for Monday
Good morning.
Here’s everything you need to know in finance today.
Federal Election fallout in focus...
How the new Coalition govt will affect you: After a stunning election that saw Scott Morrison lead the Coalition to a boilover win, treasurer Josh Frydenberg will have a new mandate to push ahead with the budget he released in early April. Yahoo Finance has summarised all the promises the Coalition made about how your wallet would be impacted.
Here’s how Labor lost the election SO badly: The reasons for Labor’s 2019 election loss are much more than the common analysis that Labor’s policy agenda on tax reform was a big target that voters were not willing to embrace. Here’s where they went wrong.
Morrison slays Labor’s ‘Franking-stein’s monster’: Commentators have pointed to a "presidential-style" campaign from Australia's prime minister and compared it to the 2016 US election. US President Donald Trump has tweeted his congratulations.
Markets react to the election results: The Australian share market may enjoy a short-term bounce on the back of the coalition's surprise election win, before quickly focusing elsewhere. The initial focus this week will be the coalition's re-election before attention turns to ongoing global trade tensions and any Reserve Bank (RBA) signals about the timing of interest rate cuts. The ASX is expected to open slightly higher this morning.
Too little time to detail plans: Plibersek: Federal Labor frontbencher Tanya Plibersek says more people would have voted for her party if they knew what impact their policies would have had on them.
Income tax cuts priority for Morrison govt: The newly re-elected Morrison government will seek parliament's support for income tax cuts before the end of the financial year.
Elsewhere in finance news...
You could own this house NOW with your superannuation: Good news, a new home is closer than you think. A new superannuation fund is now giving Australians the chance to invest in residential properties using their super.
Stop kidding yourself, you need to get the flu shot: There are a lot of myths out there about the flu vaccine. Here, we debunk them.
Sydney’s most popular downsizer suburbs: While the Australian property market has dropped significantly, one section that continues to boom is the downsizer market. Here are the latest hotspots.
Millionaire baby name ideas: Every parent wants to give their child the best start in life, which often involves starting a piggy bank, investing money on their behalf, or setting aside a fund for university. But, what if you could give them a start that’s entirely free of charge, and could see them end up making millions? It all starts with a name.
Would you accept a ‘marriage KPI’ from your boss? Eccentric Alibaba leader, Jack Ma has issued an interesting dictum this week: staff should attempt to meet “marriage KPIs”.
$1k into $3.7 million - here’s how he did it: The world’s largest cryptocurrency has surged 50 per cent in May, leading some big-name crypto players to declare the end of the so-called ‘crypto winter.’ Yet 20-year-old bitcoin trader Erik Finman is not so sure - despite having reaped the benefits of the cryptocurrency’s surge. Meet the 20-year old bitcoin trader who says he turned $1,000 into $3.7 million.
Have a great day.
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