Business News

5 things you need to know today

1. Bill Shorten may give financial regulators the power to appoint independent trustees to super funds owned by banks in an effort to ensure members are put before profits.

2. Australia's first Test against Pakistan has ended in a draw, with Usman Khawaja helping to avoid a loss by scoring 141 runs off 302 deliveries.

3. Stocks on Wall Street are down for the second consecutive day, with the Dow Jones and the S&P 500 both falling around 2%.

4. President Donald Trump said he believes "the Fed has gone crazy" for continuing to raise interest rates despite market conditions.

5. During solar eclipses, researchers have discovered that bees completely stop moving when the sun is fully blocked by the moon.

Published on: Friday, October 12, 2018

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