Business

Gina Rinehart has emerged as a billion-dollar investor in Elon Musk’s huge SpaceX share market float.

Rinehart sinks reported $1 billion into SpaceX IPO

The WA billionaire has lauded SpaceX as an exceptionally led company operating in crucial sectors, while flagging collaboration between the US group and her Hancock Prospecting mining and agribusiness flagship.

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Oil prices have fallen on the back of the US-Iran peace deal and an easing in fuel constraints. (Joel Carrett/AAP PHOTOS)

Australian shares rocket to eight-week high on US-Iran deal

Aussie stocks are surging on news the US and Iran have reached a truce that could end the Persian Gulf energy crisis and cap the impact on global inflation.

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Being declared bankrupt is life-changing. It’s true, some assets held under certain trust arrangements can’t be seized. But could you hide money you may have left from creditors by sticking it in super?

Can a soon-to-be bankrupt hide money in super?

Q+A: Being declared bankrupt is life-changing. It’s true, some assets held under certain trust arrangements can’t be seized. But could you hide money you may have left from creditors by sticking it in super?

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Southern Cross Electrical Engineering chief executive Graeme Dunn.

Southern Cross Electrical taps investors for $165m

The electrical contractor has gone into a trading halt to announce grand plans.

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Hotter-than-expected inflation has flowed through to Centrelink’s means tests. As well as lifting the age pension, higher limits mean you could now get a part-pension. Here’s the new numbers you need to know.

New Centrelink limits that could get you a part-pension

Hotter-than-expected inflation has flowed through to Centrelink’s means tests. As well as lifting the age pension, higher limits mean you could now get a part-pension. Here’s the new numbers you need to know.

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The matter was set for trial but that will now not go ahead, with ASX Ltd paying a $20.5 million penalty and some of ASIC’s court costs to date.

ASX settles ASIC case with misleading statement confession

The Australian stock exchange operator has admitted issuing three misleading statements about the status of a technology project, settling civil legal proceedings brought by the corporate watchdog.

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The Dow Jones Industrial Average has risen 353.51 points, or 0.70 per cent, to 51,202.26. (AP PHOTO)

‘Truly overvalued’: Trillionaire Musk’s SpaceX’s market debut

US stocks have closed higher as Elon Musk's SpaceX became Wall Street's biggest public listing in history.

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Business groups warn planned tax changes are being rushed through and will discourage investment.

Business groups’ stark warnings ahead of CGT inqury

Contentious tax measures will be put in the spotlight at a Senate inquiry as business groups argue the federal government is rushing them in.

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The Reserve Bank board and governor Michele Bullock are widely tipped to keep the cash rate on hold.

Economists lay bets on RBA’s next big move on interest rates

After three consecutive interest rate increases this year, economists make their predictions about the RBA’s next move.

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The float of the entrepreneur’s SpaceX business has made him the world’s first trillionaire.

SpaceX shares gain almost 20 per cent after record IPO

SpaceX has made its stock market debut in a record initial public offering, with shares rising by almost 20 per cent.

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The US Justice Department’s Antitrust Division has cleared Paramount Skydance Corp’s planned acquisition of Warner Bros Discovery.

Paramount's acquisition of Warner Bros gets greenlight

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.

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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.

SpaceX begins trading with record-breaking $75 billion IPO

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.

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Andrew Yates resigned as CEO of KPMG Australia.

Why audit information-sharing fiasco could doom KPMG

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

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Westpac chief economist Luci Ellis.

Big four bank warns of two more rate hikes this year

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.

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CPA Australia warned against giving Treasurer Jim Chalmers the power to decide which assets the capital gains tax would be levied on.

Landlords will cop more hidden costs under new tax plan

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.

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