Business News

5 things you need to know today

1 Prime Minister Scott Morrison will pledge $5 billion to help farmers affected by drought as part of the Future Drought Fund. An initial $3.9 billion will be commited, with an additional $100 million each year starting in 2020.

2. US stocks bounced back overnight, with the Dow Jones, the S&P 500 and the Nasdaq all closing higher, boosted by tech stocks including Twitter and Microsoft.

3. More children are being transferred off Nauru after 11 were taken off the island for medical attention on Monday. Scott Morrison told the Today show "We’re the government that actually stopped the boats coming, stopped putting children on to Nauru."

4. According to figures from SuperRatings, for every $100,000 exclusively invested in shares since late August, around $7,500 would have been lost.

5. The Bureau of Meteorology's outlook for the next three months has revealed most of the country will likely be drier and warmer than average.

Published on: Friday, October 26, 2018

blog comments powered by Disqus

New on Switzer