1. The Reserve Bank boss has strongly inferred that interest rates will be low for a long time

We knew the RBA boss, Dr Phil Lowe was committed to low interest rates — he actually implied it would be three years but many economists thought he’d have to move rates higher before that three-year mark. However after this week’s no change in rates by the RBA board and Dr Lowe’s messages to the market, the official cash rate looks like it could be at the current 0.1% level until 2024 — that’s four years! That’s great news for home and business borrowers and they will stay low until wages rise strongly and unemployment falls below 5%.

2. The battle between Google and the Morrison Government is worsening

The CEO of Alphabet, the parent company of Google, Sundar Pichai, told his shareholders the deal he struck with Reuters and European news publishers was better than the one put forward by the Federal Government. The deal has signed up 450 publications and it gives it access to these publisher’s pay wall content as well but it is seen by the Government and local publishers News and Nine as a second rate offering. If negotiations don’t improve you might need to use Google to find a new search engine before it leaves Australia!

3. What has happened to the Reddit powered stock price surge for GameStop and other short-seller targeted shares?

Wall Street has come off a back-to-back rally as the Reddit-fuelled retail trading frenzy dissipated, restoring investor confidence for the broader market. The Dow is up over 2% this week after posting its best day since November on Tuesday. The S&P 500 has climbed more than 3% this week, while the Nasdaq has jumped more than 4%.

After a meteoric rise in GameStop share prices last week, the shares have slumped over 70% this week and other stocks targeted by the Reddit traders have also come back down to Earth amid trading restrictions from major brokers. Part of the share price fall would’ve been traders trying to sell-out to pocket profit and so the threat of the Reddit-investing team remains and their battle with short-sellers undoubtedly will surface again, unless regulators move to stop their colluding trades.

4. Edible race cars break Guinness World Records

A casino in the US state of Washington has set new Guinness World Records for fastest edible vehicle (17.09mph or 27.49kmh) and longest distance covered by an edible vehicle (349.81 feet or 106.62 metres) to celebrate the opening of a new parking garage. The cars weighed in at just over 300kg each, of which 91% was edible.

5. Dow and S&P 500 up on Wednesday

The Dow Jones and the S&P 500 have risen again for the third consecutive day this week. Both indexes had smaller gains than earlier this week, with the Dow moving up 36.12 points or 0.12% to 30,723.60 and the S&P 500 rising by 3.86 points or 0.10% to 3,830.17. The Nasdaq had a slight dip of 2.23 points or 0.02% to 13,610.54.