Business News

5 things you need to know today

1. The NSW government is set to deliver surpluses averaging less than $1 billion for the next three years according to a report by The Australian, which noted that the surplus for the 2017-18 financial year was $4.23 billion.

2. Disadvantaged students are entering university "ill-prepared and struggling academically" according to a Productivity Commission review highlighted by the AFR. Graduates from disadvantaged backgrounds earn an average weekly pay of $1,036 compared to $1,153 for advantaged students.

3. After reaching an 11 1/2 year high mid-week, the ASX 200 ended the week 1.7% higher on 6,554.00. 

4. The major Wall Street indexes closed slightly lower on Friday but were still up for the week. The Dow Jones rose 0.4% for the week to 26,089.61, the S&P 500 gained 0.5% and the Nasdaq rose 0.7%.

5. With Donald Trump set to launch his 2020 re-election bid this week, the President noted on Twitter that "If anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before!"

Published on: Monday, June 17, 2019

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