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ASX: The local market is expected to rise this morning after US stocks saw a positive session overnight.
This comes after the ASX enjoyed its best gains in more than two years after the Reserve Bank slowed its rate hike campaign to assess the economic fallout.
Wall Street: US stocks charged sharply higher on Tuesday as Wall Street built on momentum from a broad market rally that began in the previous trading session.
Rate slowdown: The surprise slowdown in the pace of rate hikes will offer some relief for mortgage holders, with the central bank now likely to stick to smaller increases.
The 0.25 percentage point lift was the sixth rate hike in a row and brought the cash rate to 2.6 per cent.
Energy prices: Australians have been overcharged $10 billion by electricity networks making "supernormal" profits from consumers forced to use their poles and wires, data found.
Consumers have paid substantially higher bills in the eastern states for eight years because of flaws in the regulation of prices charged for access to transmission, the Institute for Energy Economics and Financial Analysis said.
Education: Academic results in Australian schools for foundational skills such as reading, writing and numeracy have been flat for more than a decade despite increased education spending, the Productivity Commission said.
The report said employment rates for university and skilled training graduates have fallen over the same period as employer satisfaction with the quality of students seeking work decreased.
Homelessness: The number of homeless women over 55 is expected to double in less than a decade, with new analysis showing far more are experiencing homelessness than originally thought.
Progressive think tank Per Capita found that without meaningful intervention more than 15,000 older women will become homeless by 2031.
Hospital crisis: Emergency medical experts will be quizzed about bottlenecks at NSW public hospitals and widespread ramping of ambulances, as hospitals remain under extreme stress after more than two years battling the COVID-19 pandemic.
Twitter deal: Tesla CEO Elon Musk has agreed to move forward with his $67 billion (US$44 billion) deal to buy Twitter, Bloomberg reported, citing unnamed sources familiar with the matter.
Musk confidentially filed a letter seeking to proceed with the deal in a US court just days before Musk was expected to be deposed as part of Twitter's lawsuit seeking to force him to buy the company.
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The S&P; 500 and Nasdaq have ended lower, with indications from the Bank of England that it would support the country's bond market for just three more days adding to market jitters late in the session.Trading was volatile on Tuesday, with investors cautious ahead of key US inflation data and the start of third-quarter earnings later this week.
The local market is expected to lift this morning after a choppy session in the US overnight. This is your Wednesday morning wrap.
Australia's best and worst performing super funds have been named. Find out if you should consider making a change.
The Australian share market has again risen modestly in morning trading on the back of another strong performance by the big banks.The benchmark S&P;/ASX200 index was up 28.
Victims of the failed robodebt scheme will have any ongoing investigations wiped. This is what you need to know.
Aussie tenants are being pushed to the brink when it comes to affording a unit, with an influx of renters and no new properties hitting the market.
The Melbourne couple is now awaiting trial after they allegedly spent the money on houses, cars, art and furniture.
Commonwealth Bank chairman Paul O'Malley says it will be "incredibly difficult" for the world to meet the Paris targets but is pledging Australia's second-biggest corporation won't bank with companies that do not try.Mr O'Malley told shareholders at the bank's annual general meeting on Wednesday that CBA is looking at various scenarios for meeting climate targets in a science-driven way, guided by national science agency CSIRO.
The local market is expected to fall slightly at the open after another see-saw session on Wall Street overnight. This is your Thursday morning wrap.
The majority of Aussie workers rank this one thing as the most important to them at work. What is your priority?
Millions of Aussies are owed refunds from the financial sector. Find out if you are eligible.
A commuter has called out an apparent lack of logic over a fare-evasion fine. Here's why she was left seething.
It’s a Friday in 2001 and you’re gearing up for ‘family night’. There’s only one place you were heading.
The 20 most common jobs in Australia have been revealed, with four industries employing the most people.
An Adelaide woman has been awarded $3,000 after she was sacked unfairly.
Aussies could save up to $1,900 per year by getting rid of gas, a new report found.
Westpac has ditched lenders mortgage insurance for some potential home buyers, but there is a certain requirement you need to meet first. Are you eligible?
How many hours are you putting in at work? It turns out not all industries are created equal, with census data revealing who is spending the most time on the job.