Yahoo Finance Yahoo Finance's morning wrap for Friday
Good morning.
Markets: US shares surged higher overnight after reports that tariffs on Chinese imports could be eased. The S&P 500 index, after gaining 1.1 per cent for the day, is now on track for seven consecutive sessions of gains.
The ASX is expected to open higher as a result, with futures pointing to the index opening 0.5 per cent in the black this morning.
Aussie dollar: The AUD now sits at 71.92 US cents — it hasn’t deviated much this week after beginning Monday at 72.03 US cents.
A lot of power in those balls: A Sydney mum in her 40s has become the winner of the biggest individual lottery prize in Australian history, scooping up $107 million after last night’s Powerball draw. She initially thought she had won $107,000 — but later realised that the prize had three more zeroes at the end.
Sad face, you’ve lost your job: There are disturbing reports of the last days of now-failed startup Appster. Fairfax Media reports that staff were told that the company was shutting down via a message that the boss signed off with a sad face emoticon. Creditors, including former staff, suppliers and clients, will gather at a creditors meeting today.
The biggest capital raises of 2018: On the other end of startup fortunes, we’ve put together a top 10 list of the Australian businesses that brought in the biggest investments last year. While the fraught entrepreneurial world means a big capital raising is no guarantee of success, it does show that people with deep pockets are impressed enough with what these Aussies are doing.
What keeps Bill Gates awake at night? This.
Have a great weekend!
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