When the curtain closes on 2020, few investors will be sad to see it leave. The coronavirus disease 2019 (COVID-19) pandemic has led to the most volatile equities market in history. During the first quarter, the benchmark S&P 500 lost 34% of its value in less than five weeks. This has been followed by a ferocious rally off of the March 23 lows, as well as more than 30 new all-time highs from the technology-heavy Nasdaq Composite.
Interestingly, volatility can actually be a great thing for l…
Stolen super returned to workers – NEWS.com.au
Stolen super returned to workers
More than half a billion dollars in unpaid superannuation will be repaid to almost 400,000 Australian workers.Under the Federal Government’s superannuation guarantee amnesty, 24,000 businesses confessed to failing to pay employees their entitlements before the September 7 deadline.
New Australian Taxation Office figures show at least 393,000 employees will have money paid into their super funds, or their bank accounts if they are no longer working.
Assistant Superannuation Jane Hume said emplo…
Miners, CBA weigh as ASX sags 0.7% to near three-month low – The Sydney Morning Herald
The ASX 200 was lower on Monday as the mining giants, most of the banks, and Wesfarmers fell. The local bourse has shed about 5% over the past four weeks.
That contract is also scheduled to expire on December 31.
Shares in Village Roadshow – which has agreed to a takeover by BGH Capital – were flat at $2.10 at 11.15am on Monday.
Village said, after overheads, the earnings contribution from the Warner Bros. theatrical distribution arrangements was not material in FY20, and it told investors it does not anticipate that any material impairment or write-down of assets will arise as a result of the development.
Roadshow, outside of its historical re…
Australian share market slips after Wall St falls for third straight week – ABC News
The Australian share market has opened slightly in the red, after falls on Wall Street on Friday. CBA economists upgrade their forecast for economic growth.
The Australian share market has opened slightly in the red, after falls on Wall Street on Friday cemented the third straight weekly decline for US markets.
- Real estate and mining stocks were dragging on the ASX in early trade
- CBA economists have upgraded their economic growth forecasts due to better-than-expected household spending
- US markets posted their third consecutive weekly decline
By 10:40am AEST, the ASX 200 index had lost 0.1 per cent or …
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