ASX to fall, techs drag on Nasdaq

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Australian shares are set to open lower. Tesla extends losses, Apple too. US 10-year drops to 3.45pc. $A rises, bitcoin falls.

Geoff Wilson says he has uncovered a new federal Treasury attack on the $430 billion in franking credits sitting on corporate balance sheets.NAB’s business banking boss Andrew Irvine says growth is slowing, but supply chain factors are providing tailwinds for business owners.Local: Brad Jones, RBA assistant governor will speak about a central bank digital currency for Australia at the FIRN Central Bank Conference on the Microstructure of Financial Markets at 8.

Plaid Inc said it cut 260 staffers after changing macroeconomic conditions forced it to rein in costs. Orders in the world’s largest auto market have dropped from as many as 800 a month when initial COVID restrictions were first lifted in 2020 to 150 to 200 units a month currently, the head of the Volkswagen AG-owned manufacturer said.

 

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