Business

Despite concern it will result in fewer jobs and less diversity of storytelling, the merger of Paramount and Warner Bros Discovery has been given clearance.

SpaceX begins trading Friday under the ticker SPCX after the biggest initial public offering ever, with the $75 billion IPO set to make owner Elon Musk the world’s first trillionaire.

BEN HARVEY: It’s not the crime that kills you, it’s the $550 million in debt.

Westpac’s view about the Reserve Bank’s future rate trajectory is the opposite of economists at HSBC and ANZ, who on Friday tipped the institution’s next move to be cuts.

Australia’s peak accounting group has warned rushed Budget tax changes would impose severe costs on investment property owners and shareholders — even if they don’t sell.

The ASX is on track for its best day since April on renewed hopes for a Middle East peace deal, which could deliver normality for global oil and gas supplies.

SpaceX said it would sell more than 555 million shares at $135 each in its blockbuster IPO which is set to begin trading overnight

THE ECONOMIST: This level of America’s rich hide in plain sight — and wield enormous power.

Elon Musk’s rocket company is spending big and losing money. That has raised questions about whether it can justify its valuation.

SpaceX will rank seventh among US-listed ‌firms when its shares begin trading on the Nasdaq, after the company announced its initial public offering.

One of the nation’s biggest unions has voted to down tools at Australia’s most lucrative iron ore port after a months-long stalemate with BHP over a new enterprise bargaining agreement.

Millions of Aussie workers are in line for a 4.75 per cent pay rise from July 1 – but there are warnings interest rates could hike as a consequence.

‘A good investment doesn’t automatically turn into a bad one overnight when tax law changes.’

Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Musk’s ally.

Kevin Warsh, the unlucky new chairperson, has seen his case for lower interest rates disintegrate.