Yahoo Finance wrap for Monday


Good morning.

It might be your day off, but news never stops; here’s what you need to know today to start your week.

Markets: The ASX is closed today to recognise Australia Day. Meanwhile, Wall Street gained ground on Friday in a broad-based rally as investors were heartened by news that Washington would move to temporarily end the longest US government shutdown in history.

All three major US stock indexes advanced, with the Dow and the Nasdaq eking out their fifth straight weekly gains. But the S&P 500 posted its first weekly loss of the year, snapping a four-week run.

World economy: There’s a packed calendar of market-moving news in the days ahead. With the world’s three major economic engines all showing signs of fatigue, the week ahead will provide plenty of opportunities to see whether expansions in Asia, Europe and the US are holding up through myriad uncertainties. Among that, the US-China talks could go three ways. Plus: here’s what global company executives think of Brexit.

What’s happening in Australia? Over the weekend, we saw ABC report that four-time Winter olympian Zali Steggall will challenge former PM Tony Abbott in his Sydney seat of Warringah which he’s held since 1994.

Enjoying your day off today? ABC also reports some Aussies are quitting the 9-to-5 grind – and bringing their kids with them – in search of alternate lifestyles that allow them to spend their time on the road, travelling, surfing, caravanning or heading into the bush.

Get rich: Becoming a millionaire doesn’t have to involve a big paycheck.

Instead, some people become millionaires by growing their income and saving and investing it, budgeting to live on less than they earn, and planning for the long term. Here’s what they say you should do in your 20s, 30s, 40s, and 50s to retire a millionaire.

ICYMI: How does three months off sound?

How about being paid to have three months off to live in a fairytale village in south Italy, where you’re only expected to drink wine, grow local produce, cook Italian food, learn the language and mix with international visitors and locals alike?

Airbnb is putting a call-out for four international citizens who want to do just that.

Enjoy the day off.

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Now read: Australia barely scrapes into the top 20 most innovative countries

Now read: Labor promises fines for unfair contracts

Now read: The unexpected social perk of four-day weeks

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