Business

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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Vessels near the Strait of Hormuz may be able to start moving again through the energy corridor. (AP PHOTO)

Aussie shares surge on latest US-Iran peace deal hopes

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.

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An inflatable statue protesting Elon Musk in Times Square ahead of SpaceX’s IPO in New York on Thursday.

Countdown to Elon’s big bang

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

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An new book concludes that America’s very rich are in some ways better off than the very, very rich.

American capitalism is run by millionaires, not billionaires

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

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The initial public offering in Elon Musk's SpaceX has attracted strong demand from investors.

SpaceX’s $1.77 trillion value a pie in sky, investors say

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

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SpaceX's IPO has raised a record $US75 billion ($A106 billion) on the sale of 555.56 million shares.

Musk’s SpaceX gamble creates record-breaking market monster

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

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The militant AMWU and ETU have voted to down tools at Australia’s most lucrative iron ore port.

Militant unions force strikes in our economic engine room

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.

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Workers are set to get a pay bump in July. . NewsWire/ David Crosling

Hidden cost behind Aussie pay jump

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.

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Financial expert Rachel Cole has cautioned against panic selling investment properties as housing tax changes loom.

With property tax changes looming, is now the time to sell?

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

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Elon Musk ally Antonio Gracias is set for a big payday.

Why it pays to be Elon Musk’s friend right now

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

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Kevin Warsh, incoming chairman of the US Federal Reserve, left, and US President Donald Trump during a swearing-in ceremony in the White House.

The Federal Reserve must soon give Donald Trump bad news

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

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