ASX to rise as Great Barrier Reef gets $1 billion boost
ASX: The local market is expected to get a much needed boost this morning after a volatile session on Wall Street.
This comes after the ASX entered a technical recession yesterday, down over 10 per cent from its August 2021 highs.
Wall Street: Wall Street’s major indexes U-turned overnight to erase earlier gains, continuing a streak of recent volatility.
Investors were torn as they weighed upbeat data out of Washington that pointed to a strengthening economic recovery alongside Wednesday's Federal Reserve update.
BTC: Bitcoin fell around 2 per cent last night bottoming out around US$35,698 and hitting a high of around US$37,052.
Cash splash: The Morrison Government has pledged another $1 billion to protect the Great Barrier Reef after successfully lobbying UNESCO to delay a decision about listing the World Heritage site as "in danger".
Maccas: McDonald's ended 2021 on a high note with US customers spending more and fewer restaurant closures in Europe from coronavirus restrictions.
But lockdown restrictions in Australia and China saw the fast food chain take a massive hit.
Sneaker heads: The sneaker market has emerged as a thriving alternative asset class, according to Cowen Equity Research.
And the sneaker resale market could now potentially reach US$30 billion by 2030.
7 tips: With so much money advice around, it’s hard to know what will really make a change for the better.
Here are seven money tips that have changed seven people's lives.
Ants vs lizards: Australia’s lizards are in danger of being wiped out by ant invaders.
Yellow crazy ants can essentially wipe out some native lizards, and researchers fear what the acid-spraying invader might do to Australia's smallest frogs.
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