Wednesday morning wrap

Good morning.

Here’s everything you need to know in finance markets for this morning.

Has your bank passed on the RBA’s back-to-back interest rate cut? The Reserve Bank of Australia announced today yet another interest rate cut of 25 basis points taking it to 1 per cent, after bringing rates to a record low of 1.25 per cent in JuneANZ is the only big bank to pass the cut on in full, but how much has your bank passed on to you?

Is yet another rate cut ahead? The Reserve Bank of Australia (RBA)is prepared to ease monetary policy again if needed to help boost job growth and stoke inflation, governor Philip Lowe said on Tuesday hours after cutting the cash rate to a historic low of 1%.

RBA’s Lowe says rate cut alone won’t help: Reserve Bank Governor Philip Lowe says two interest rate cuts in as many months should put the economy on a “better path” but he has again called on the government to pull its weight.

9 smart ways to spend your 2019 tax refund: Aussies around the country are frantically filing their 2019 tax return to get hold of that much-anticipated refund. Before you rush off and blow it all on an extravagant holiday, hit up the casino or use it as a downpayment on something you can’t afford, there are some smart ways this chunk of money can help make you more financially comfortable.

ATO wants to tax your cryptocurrency: The Australian Tax Office recently declared its intention to target crypto traders who are avoiding paying the proper amount of tax.This wasn’t a problem two years ago when crypto wasn’t recognised as a valid form of currency, but that changed towards the end of 2017.

How to pinpoint when Aussie property will really reach the bottom: Not that long ago we were being told that property prices would fall significantly further. Today the common theme is that the property market will turn later this year or early next year, with many asking “have we reached the market bottom yet?” So how do you pick the turning point in the property market?

The $80,000-a-year jobs no Aussie wants to apply for: Australian employers are being forced to look overseas to find workers to fill positions left vacant for months. There are jobs with salaries of up to $80,000 a year that are begging for suitable candidates, some with not a single application.

The Trump stock market has lost touch with reality: Does the US stock market deserve to be setting new records?

You could get paid $10,000 a year to live on a picturesque Greek island: Located between Crete and Greece’s mainland is Antikythera, a small Aegean island a mere 45-minute flight from Athens. It looks just like any Greek paradise: blue waters, white-washed homes, beautiful cliff faces and unbeatable weather. And, should you choose to call it home, you could be paid to live there.

Why you should never leave your work emails for more than one hour: You might think of it as simply switching off – but this US business leader says it could be a bad look.

How a two-year-old accidentally bought a $616 couch: Oops. San Diego woman Isabella McNeil has become the unwitting owner of a US$430 (AU$616) couch after her two-year-old daughter made the big-ticket purchase on Amazon. McNeil didn’t realise her daughter had made the purchase until she received an email telling her the couch had been shipped.

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