1. What are the best super funds?
It’s show-and-tell time for our super funds, so which balanced funds have the best five-year performance?
Super Ratings is a business that rates super funds and here are our best funds over five years:
These have all returned 9% plus per annum over the five-year period.
2. What does a ticket to space cost?
How much would you pay to be among the first non-astronauts to fly into space? Try $US28 million! That’s what an unnamed wealthy person paid at an auction promoted by Amazon founder, Jeff Bezos. And the winner won’t be alone in the Bezos-owned New Shepard capsule. They’ll be joined by Jeff, his brother Mark and another unnamed, space-bound joyrider.
3. New G7 idea set to stick it to China’s expansion plan
Developing nations will be offered an infrastructure plan that could end up rivalling President Xi Jinping’s multi-trillion dollar Belt and Road Initiative (BRI). BRI is a modern version of the ancient Silk Road trade route to link China with Asia, Europe and beyond and is seen as a vehicle for the expansion of Communist China. Called the Build Back Better World initiative or (B3W), the G7 proposal is to set up a rival to the Chinese belt and road initiative by offering developing countries a transparent green route to investment in ports, roads and digital infrastructure. Judging by a White House note, the scheme is a work in progress, has little new money attached and seems to be about rebadging a network of existing US and EU schemes. But it is seen as a start.
4. Fast food workers detained after denying free burgers to police
19 employees of a burger chain outlet in Pakistan were arrested and held overnight on Saturday after refusing to serve free burgers to police officers when requested two days earlier. "No one is allowed to take the law into his own hands. Injustice will not be tolerated. All of them will be punished," senior provincial police official Inam Ghani wrote on Twitter according to the BBC.
5. S&P 500 and Nasdaq reach new records
The S&P 500 moved 7.71 points or 0.18% higher to 4,255.15 on Monday, a new record-high close for the index, while the Nasdaq also reached a new record-high close after surging 104.72 points or 0.74% to 14,174.14. The Dow Jones headed in the other direction, falling 85.85 points or 0.25% to 34,393.75.