Business

Elon Musk’s SpaceX could be launching towards a $2.2 trillion valuation when the company goes public.

‘Accurate’: Musk confirms SpaceX’s $2.2 trillion market move

Elon Musk has confirmed that SpaceX will start trading on Wall Street in 2026 amid speculation that the spacecraft company’s valuation could surpass all other members of the trillion-dollar tech club.

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China too complacent about the country’s dependence on trade growth.

China’s boom hides ugly truth

THE ECONOMIST: China too complacent about the country’s dependence on trade growth.

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News. Concert. AC/DC Concert at Optus Stadium. Brian Johnson and Angus Young.

AC/DC, Oasis rock November as entertainment spending surges

Australian household spending lifted in November as consumers reached for their wallets at legendary rock band AC/DC’s concerts and the Ashes series opener in Perth.

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Treasurer Jim Chalmers.

Chalmers hopes for investment wave to drive recovery

Treasurer Jim Chalmers is banking on a business investment boom to aid Australia’s shift away from government spending as the dominant driver of economic activity.

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Webjet is embroiled in an unfair dismissal case.

Webjet fires back against claims its CEO lied on her CV

The claim is part of a court dispute between the travel group’s CEO and its sacked former head of legal.

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Two rate jumps are forecast next year.

Why homeowners could be facing TWO interest rate jumps

Financial markets are pricing in two rate hikes in 2026 that would increase monthly mortgage repayments more than $200.

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British fast-fashion giant Topshop is returning to Australia through department store Myer.

British fashion giant Topshop in comeback Down Under

British fast-fashion giant Topshop is making an unexpected return to Australia, nearly a decade after it collapsed in the face of tough trading conditions.

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Westpac said it was aware of customers experiencing issues accessing its services.

Major Westpac outage that left customers in lurch resolved

Thousands of frustrated Westpac customers were unable to access their funds after a major outage affected the Big Four bank’s EFTPOS service on Wednesday.

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Paramount and Netflix are playing Tug of Warner Bros.

Netflix and Paramount are battling for more than just Warner

THE ECONOMIST: The battle for Warner Bros just escalated — and it’s no longer just about money.

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Donald Trump, Jensen Huang

Will China actually want Nvidia’s more advanced AI chips?

Nvidia has approval from the US Government to sell its more advanced H200 AI chips to China. But the question is whether Beijing wants it or will let companies buy it.

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The RBA is uncomfortable about inflation, governor Michele Bullock says, dashing homeowners' hopes. (Aap/AAP PHOTOS)

RBA warns interest rate hike on the cards

The average mortgage-holder's repayments could soon jump an extra $90 a month, with another Reserve Bank interest rate hike on the cards as early as February.

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Young Australians are feeling the pressure to keep up with what they see on social media.

Gen Z’s risky approach to money revealed

Younger Australians are turning to an unlikely source for financial advice – one which could be creating dangerous pressures and unrealistic expectations.

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A court has ruled that Malaysian Airlines must compensate the families of eight MH370 passengers. (AP PHOTO)

Airline ordered to pay families of MH370 victims

Malaysian Airlines has been ordered by a court to pay compensation to the families of eight passengers killed when flight MH370 mysteriously disappeared.

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The RBA has sounded the alarm.

RBA sounds alarm as inflation continues its march

EDITORIAL: Economists had expected the RBA to keep rates on hold, but the bank’s tone of extreme caution will rattle some. This was the RBA sounding the alarm.

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ASIC is widening its lawsuits over the failure of the First Guardian investment fund.

ASIC sues super trustee over First Guardian collapse

In a widening series of lawsuits over the collapse of First Guardian and the Master Shield Fund, the Australian Securities and Investments Commission claims Diversa did not conduct adequate due diligence.

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