FINSOC Weekly Wraps Vol.07

Mar 28, 2021 Weekly Wraps

– The JobKeeper wage subsidy ($93 billion) has ended today on 28th March – The RBA is pushing for an unemployment rate of 3-4% in order for wages growth to increase and inflation to return to the 2-3% target. – Blackstone has offered a takeover bid to acquire Crown Resorts at $11.85 per share. – International: There are talks of a potential acquisition of Discord by Microsoft for more than $10 billion USD – This week’s company spotlight examines Fortescue Metals Group Limited and its expansion throughout the COVID-19 pandemic.