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10 things you need to know this morning in Australia

Wednesday 23 September 2020

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These are the best and worst performing super funds in Australia in 2020

Online investment adviser Stockspot has ranked the best and worst performing super funds for 2020. They show that Australian superannuation funds are returning anywhere between 9% and -2% returns.
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Rex is negotiating for a $150 million investment to launch its flights into Australian capital cities

Regional Express (Rex) is in negotiations with investment firm PAG Asia Capital to secure $150 million. The funding will be used to help launch Rex's domestic flights between major Australian capital cities.
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Some banks will ask customers to dip into their super to pay back frozen mortgages. They should tread carefully, the regulator warns.

Regulator APRA has revealed some Australian banks plan on pushing customers to withdraw their superannuation early to make repayments on their loans.
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The ASX has welcomed the first ever Australian ETF for professional video games, which hopes to capitalise on the growth of esports worldwide

As the video game industry cements itself as the most valuable for of entertainment worldwide, a global investment firm is offering Australian investors a chance to get in on the action.

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Amazon wins over one of its last remaining Wall Street sceptics, which just slapped a 'buy' rating on the stock and expects it to surge 15% in the next year

Amazon shares were upgraded to "outperform" from "market perform" by Bernstein on Tuesday, adding to the list of analysts bullish toward the e-commerce giant.
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Mark Zuckerberg is unfazed by that viral photo of him surfing while slathered in sunscreen: 'I think sunscreen is good and I stand behind that'

Mark Zuckerberg appears to be unfazed by the photo of him surfing that went viral this summer. The Facebook CEO addressed the jokes and memes surrounding the photo, in which he appears slathered in sunscreen, during a company-wide Q&A, according to leaked audio obtained by The Verge.
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Dow tumbles 525 points as Fed officials call for more stimulus from Congress

Stocks reversed in mid-day trading on Wednesday and finished the day sharply lower as Federal Reserve officials made renewed calls for Congress to pass more fiscal stimulus.
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What is a bear market? How to make sense of a prolonged period of decline in the stock market and invest wisely

A bear market occurs when there's been a significant, continuous fall in stocks or another asset, usually at least 20%. Bear markets generally indicate low investor confidence and a sluggish economy.
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