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Latest news: Economy, Business and Finance

Musk's SpaceX surges past $US2 trillion in Nasdaq debut

Musk's SpaceX surges past $US2 trillion in Nasdaq debut

SpaceX has made its stock market debut in a record initial public offering, with the company's value surging past $US2 trillion.

After record IPO, SpaceX faces test in market debut

After record IPO, SpaceX faces test in market debut

After record IPO, SpaceX faces test in market debut

After record IPO, SpaceX faces test in market debut

SpaceX has made history after raising $106 billion to become the biggest IPO ever. Now the market is set to find out the strength of the stock's "Musk premium".

BHP accused of 'American-style' strikebreaker tactics

BHP accused of 'American-style' strikebreaker tactics

BHP accused of 'American-style' strikebreaker tactics

BHP accused of 'American-style' strikebreaker tactics

BHP stands to lose $120 million a day if workers follow through with threats to stop work at the mining giant's Port Hedland facility, unions say.

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Australian shares rally as traders bet on peace deal

Australian shares rally as traders bet on peace deal

The ASX has enjoyed its best day since April as markets bet once more on hopes for a breakthrough in US-Iran peace talks, sending oil prices to two-month lows.

Cloud forms again over unique smelter and 200 jobs

Cloud forms again over unique smelter and 200 jobs

Difficulties during negotiations have put the future of Australia's only manganese smelter, which is in administration, and hundreds of jobs in doubt.

'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.

Anxious wait for Aussie investors ahead of SpaceX float

Anxious wait for Aussie investors ahead of SpaceX float

Super funds, institutional investors and tens of thousands of retail investors are waiting to see whether they have been allocated shares in the SpaceX float.

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Fire agencies on front foot as dry, warm weather looms

Fire agencies on front foot as dry, warm weather looms

Fire agencies on front foot as dry, warm weather looms

Fire agencies on front foot as dry, warm weather looms

Fire agencies in eastern states are alert to what could be an early start to the season as long range forecasts point to warmer and drier conditions than usual.

Australia is seeing 'lower activity' in the IVF space

Australia is seeing 'lower activity' in the IVF space

Australia is seeing 'lower activity' in the IVF space

Australia is seeing 'lower activity' in the IVF space

A fertility services provider, which has twice rejected takeover offers in the past year, says it's seeing lower stimulated cycle volumes in Australia.

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside Energy is moving to increase its stake in the proposed $49 billion Browse gas field by pre-empting a sale by one of its joint venture partners.

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders will have greater access to venture capital funding under a new program designed to help tackle the gender gap in start-ups.

The small stretch of country road causing huge problems

The small stretch of country road causing huge problems

The small stretch of country road causing huge problems

The small stretch of country road causing huge problems

The indefinite closure of part of a highway built by convicts is causing shocks across regional economies, health care and maybe even influencing politics.

Hundreds of media jobs to go as TV advertising slumps

Hundreds of media jobs to go as TV advertising slumps

Hundreds of media jobs to go as TV advertising slumps

Hundreds of media jobs to go as TV advertising slumps

The owner of the Seven Network is slashing hundreds of jobs, downgrading its guidance and writing off millions of dollars from a burdensome TV content contract.

Shares creep lower as BHP rebounds, Iran worries remain

Shares creep lower as BHP rebounds, Iran worries remain

Shares creep lower as BHP rebounds, Iran worries remain

Shares creep lower as BHP rebounds, Iran worries remain

A resumption of attacks between the US and Iran have put upward pressure on oil prices, dampening risk sentiment as investors weigh an extended energy shock.

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CGT share changes will ease home prices, treasurer says

The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.

Popular goods retailer eyes regions for store expansion

Super Retail Group, which owns Supercheap Auto, Macpac, BCF and Rebel, is expanding its store footprint to 900 within five years under a new growth plan.

Charities under strain as expenses outpace growth

Charities across Australia are struggling to keep pace with rising demand and higher outgoing costs, forcing many to rely on volunteers more than ever before.

Shares lift as rate-sensitive stocks continue higher

The local mining sector continues to retreat from recent gains, but retail stocks, banks, real estate trusts and utilities have fuelled a bounce on the ASX.

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Higher debt, cheaper homes as territory axes stamp duty

Stamp duty will be abolished for ACT first home buyers in an Australian first, despite the territory budget set to surpass $12 billion in debt.

Target-practice drone maker lauds spike on trade debut

Shares in Boresight, which makes cheap, expendable drones for militaries around the world, jumped by 80 per cent upon their stock market debut.

Relief for workers with lifeline for ailing smelters

Smelter operator Nyrstar hasn't ruled out needing further taxpayer money after extra funds were announced to prop up two ailing facilities.

Back to the future: Kmart returning checkouts to exits

Kmart Group is refurbishing two dozen more stores to a new format, and opening a new concept store for home goods near an Australian capital city.

'Transformative' airport to open with meagre schedule

An international airport will open with less than two dozen domestic flights a week, but it's hoped it can give passengers better travel options.

'Reform is always hard': PM coy on tax carve outs

Anthony Albanese has not revealed whether carve outs for businesses are on the table for controversial tax changes from the federal budget.

Australia, Turkey launch ambitious electrification goal

Electrification, waste and building efficiency targets have been proposed by the leaders of international climate negotiations to keep a key goal within reach.

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