Yahoo Finance Yahoo Finance's morning wrap for Tuesday
Good morning!
Here’s what you need to know in finance this morning.
Australian stock market slumped to a two-year low at the close on Monday: tech, health care and financial sectors showing the heaviest losses while hopes for a trade resolution between the US and China continue to dissipate.
Over in the US the story was much the same: Wall Street dropped at the open, led by Apple, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-US trade war and uncertainty over the Brexit deal.
Apple files appeal to overturn iPhone sales ban in China: The ban of some iPhone models follows a request for injunction by Qualcomm QCOM , which has been locked in a legal battle with Apple for years.
Chinese companies hit back: Meanwhile, a growing number of companies across China have announced new policies requiring the exclusive use of Huawei products, and in some cases penalising employees who purchase iPhones, in what appears to be a growing domestic movement to support the Chinese tech giant after the arrest of one of its top executives in Canada.
$302 billion of Australian mortgages are at risk: A frightening one quarter of Australians will struggle to meet their mortgage repayments over the Christmas period.
The ATO has forced 300 foreign buyers to sell their Australian property: The crackdown on foreign buyers has picked up pace since the government granted new powers to the tax office in 2015.
Here’s what property investors will be doing in 2019: Are you planning to buy an investment property in 2019? Or maybe you’re planning to buy a new home? You’re not alone.
The 14 bad money habits Aussies have when they travel: Perhaps the most painful part of travelling is finding you’ve spent more than you budgeted for or coming home to ‘statement shock’. It turns out that nearly all Aussies are forking out money for costs or fees that could have otherwise been sidestepped.
14 side jobs to try if you’re looking to make extra money: Having a side job can go a long way towards helping your bank account. The key to finding the right side hustle for you based on your skills and interests. Not only is a side job a great way to make money, but it may also introduce you to a career path you hadn’t previously considered.
Have a good day!
