Business News

6 things you need to know today

  • The Australian's have dominated the first day of the Commonwealth Games and the swimmer's are reedeeming themselves after a sub-par performance at the Rio Olympics. In the women's 4x100 freestlye relay, the Aussie girls took home the gold and beat a world record. Shayna Jack, Bronte Campbell, Emma McKeon and Cate Campbell left the field in their wake to hit the wall in 3:30.05s, lowering their previous mark of 3:30.65s.
  • In Sydney, the transport system went into mayhem yesterday and continued well into the night after a fatality at Burwood station on Thursday morning. Commutors were stranded until after midnight after the train system went into chaos. Sydney trains are back to normal this morning, however some services have been cancelled.
  • Donald Trump has denied knowing about his lawyer's payment of $US130,000 to Stormy Daniels the adult film star actress. Trump said he was not aware of why his lawyer had made the payment or where he got the money from. 
  • Facebook COO Sheryl Sandberg says she feels personally responsible for letting third parties access Facebook user data without permission. "What we didn't do until recently and what we are doing now is just take a broader view looking to be more restrictive in ways data could be misused. We also didn't build our operations fast enough and that's on me," she said.
  • Alinta Energy chief executive Jeff Dimery says AGL Energy looks to be overstating the costs of keeping the Liddell coal power station running as he pursues a $1 billion investment in the generator, underpinned by his Chinese-owned utility's lower cost of capital and the support of large energy users.
  • Overnight in the US, the Dow Jones has closed more than 200 points higher as Wall Street extends rebound rally. The Dow Jones rose by 240.92 points to 24,505. The S&P 500 gained 0.7% to close at 2,662 and the Nasdaq advanced 0.5% to 7,067. Tech helped lead the move higher, with Facebook jumping 2.7% and gains of more than 1.5% in Netflix and Amazon.

Published on: Friday, April 06, 2018

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