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Eight of 11 major S&P 500 sectors of Wall Street moved higher at the start of trading. (AP PHOTO)

MarketsPremiumWall Street opens mixed amid Middle East deal hopes

US stocks have opened mostly higher as investors geared up ‌for the market debut of Elon Musk's SpaceX.

Johann M Cherian and Twesha Dikshit

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.

BusinessVideoCommentsSpaceX 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.

Lora Kolodny

A national charity that helps young people and their families overcome poverty-based education inequality has paid $5m back hundreds of workers it underpaid for almost a decade.

FINANCEPremiumMajor charity pays back $5m owed to staff

A major Australian charity built on fighting financial inequality has repaid $5m in wages to hundreds of workers it underpaid for almost a decade, following a Fair Work ruling.

Emma Kirk

The spot once loved by locals at Yelo Cafe has now become luxury apartments on the market.

PropertyCommentsPremiumLuxury multimillion-dollar flats replace iconic Trigg cafe

It once cost $5 for a coffee and a multimillion-dollar view at Trigg’s Yelo cafe, but the seven-figure value is now the cost for one of West Coast Drive’s first luxury apartments.

Kim Macdonald

Britain's economic weather is expected to worsen as the Iran war continues to be a drag on growth. (AP PHOTO)

BusinessPremiumBritish economy shrinks as Iran war dampens growth

The UK economy contracted in April for the first time in eight months amid signs that the Iran war is beginning to take its toll on some sectors.

Andy Bruce and Suban Abdulla

The ASX surged 2 per cent on Friday

BusinessPremiumASX jumps 2 per cent on hopes of Trump-Iran strait deal

Australian shares finished the week with their strongest session in about two months after US President Donald Trump said a peace deal with Iran could be signed as soon as this weekend

Ryan Johnson

The annual switch-off of reticulated water systems began on June 1.

water savingsWater Corp issues reminder to keep sprinklers off in winter

Water Corporation is reminding Great Southern households not to use their sprinklers this winter in order to save up to five billion litres of precious water.

Melissa Sheil

Nine of the 11 sectors finished higher on Trump’s talk of peace. Photo: NewsWire/ Gaye Gerard

MARKET WRAPPremiumTrump’s backdown sparks huge ASX rally

Australia’s sharemarket has surged nearly two per cent amid Donald Trump’s latest announcement - marking its best week since early April.

Cameron Micallef

Up to 450 workers at BHP in Port Hedland could go on strike as early as next week. (Aaron Bunch/AAP PHOTOS)

Workplace MattersPremiumBHP 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.

Duncan Murray

The future of Tasmania's Liberty Bell Bay manganese smelter and hundreds of jobs are in doubt again. (Ethan James/AAP PHOTOS)

BusinessPremiumCloud 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.

Ethan James

Australians should "take a breath" and relax about AI's impact, Google executive Melanie Silva says. (Jono Searle/AAP PHOTOS)

TelecommunicationsPremium'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.

Jennifer Dudley-Nicholson

Herd on the Terrace 120626

Herd on the TerraceCommentsPremiumLong-term Perth investment partners call it quits

Elsewhere: To paraphrase an episode of Utopia: “we’re spending $240m to protect our trade with China… from China. That doesn’t strike anyone as odd?”

Bulls N’ Bears Big Hits looks at notable drill intercepts reported last week to the ASX.

BULLS N’ BEARSBig Hits: Lac Gold, American Tungsten & Antimony and Breakthrough Minerals

Bulls N’ Bears Big Hits looks at notable drill intercepts recently reported to the ASX, led by Lac Gold with 1580g/t gold in Quebec, American Tungsten & Antimony in Utah and Breakthrough Minerals in Queensland.

Doug Bright

This week’s Bulls N’ Bears ASX Runner of the Week is… 333D Limited.

ASX Runners of the Week: 333D, Boresight, Southern Hemisphere & White Cliff

The Bulls N’ Bears ASX Runner of the Week is… 333D Limited, which increased fivefold after a strategic investment into NVIDIA-backed AI data centre operator Firmus on Tuesday.

Andrew Todd

Sponsored
Fortescue chair and founder Andrew Forrest.

MiningCommentsPremiumFMG inks historic deal with Juukan Gorge traditional owners

Andrew Forrest’s Fortescue has inked a ‘co-management’ deal with the traditional owners of Juukan Gorge, which was infamously destroyed by Rio Tinto in 2020.

Cheyanne Enciso

Wesfarmers’ health division is spearheaded by pharmacy, health and beauty retailer Priceline

RetailCommentsPremiumPriceline following Kmart’s footsteps with home brands push

Priceline is seemingly following in the footsteps of its fellow retailers within Wesfarmers by betting heavily on an expanded private label range to boost sales and drive growth.

Cheyanne Enciso

The FMG Nicola was about 5 nautical miles out to sea - but still in the main channel at Port Hedland - on February 7 last year when the ship’s main engine suddenly shut down.

MiningCommentsPremiumFull FMG ship risked grounding in awkward engine bungle

A fully-laden Fortescue iron ore bulk carrier came close to scraping along the main channel of Australia’s busiest bulk export port during an unexpected engine shutdown.

Rebecca Le May

Minister for Resources Madeleine King

MiningPremiumKing sides with striking unions, takes aim at BHP

Federal Resources Minister Madeleine King is siding with unionists about to go on strike despite industry warnings that WA’s ‘most important economic asset is being held hostage’.

Adrian Rauso

Westpac chief economist and former Reserve Bank assistant governor Luci Ellis.

RBACommentsPremiumBig 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.

Cheyanne Enciso

Cathie Wood, chief executive officer of Ark Investment Management LLC.

CNBC newsCommentsPremiumInvestors who took a chance on SpaceX now reap the rewards

For nearly two decades, some of the world’s most prominent investors quietly accumulated stakes in SpaceX while the rocket maker remained largely off-limits to the public markets.

Yun Li

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

TaxVideoCommentsLandlords 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.

Stephen Johnson

Woodside will pay at least $320 million to increase its stake in the Browse joint venture. (Aaron Bunch/AAP PHOTOS)

BusinessPremiumWoodside 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.

Derek Rose

This week, both AGL and Alinta bosses have called for an end to Synergy’s monopoly of WA’s residential electricity market.

The West Australian exclusive
The West Australian exclusive
EnergyCommentsPremium
The West Australian exclusive
‘Give them a choice’: Calls mount to end Synergy monopoly

Alinta Energy hopes to start offering residential electricity in WA, joining AGL with fresh calls to give households the benefits of competition in a deregulated market.

Rebecca Le May

The ASX has posted its best performance since early April. (Lukas Coch/AAP PHOTOS)

BusinessPremiumAustralian 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.

Adrian Black