Our team has sifted through Australia’s top stories and global headlines to bring you a streamlined update on the week’s most impactful news. Enjoy your weekly business update this Friday, 6 June 2025. Dear readers, There was a time when the clattering of typewriters filled the newsroom, when ink-stained hands carefully composed dispatches that would shape the thinking of those in indus
Gold prices rose on Friday, as recent soft United States economic data overshadowed initial optimism sparked by a call between President Donald Trump and his Chinese counterpart Xi Jinping. Spot gold saw a 0.3% increase, reaching US$3,363.33 per ounce (oz), marking a 2.3% gain for the week. U.S. gold futures also climbed 0.4% to US$3,387/oz. The rare leader-to-leader call between Trump and X
In the past 24-48 hours, the relationship between billionaire Tesla and X owner Elon Musk and United States President Donald Trump has seen a dramatic public deterioration, marked by a series of contentious posts and statements - each replying to eachother on their OWN social media platforms. Musk posed on X (formerly Twitter, which he bought), while Trump made his replies through his social me
More Americans face the real prospect of having to work full-time or hold down multiple part-time jobs - much later in life than expected - if mooted plans to increase the retirement age are approved. Following on the heels of plans by Denmark to raise the retirement age to 70 by 2040 – the highest in Europe – there are moves afoot by the United States Social Security Administration to make sim
With interest rates again on a downward trajectory, getting a decent return on money invested in the bank or on fixed income is becoming tricky. But with Reserve Bank (RBA) rate cuts reducing the cost of borrowing, now could be a more opportune time to contemplate gearing – putting borrowed money to work to make more money – into property, shares or managed funds. But to ensure that borrowing
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A cargo ship carrying thousands of cars has been abandoned in the Pacific Ocean after catching on fire. The Morning Midas cargo ship was travelling from China to Mexico when it caught fire approximately 450 kilometres south of Alaska. The ship was transporting a reported total of 3,159 vehicles, with around 800 being electric, running on lithium ion batteries which when on fire are very diff
Tasmania is likely to have its fourth election in four years, after a vote of no-confidence was cast in the Tasmanian Lower House by Liberal leader Jeremy Rockcliff. This comes after the Liberal government presented a state budget with the state forecast to be over A$10 billion in debt by 2029. At the end of the budget speech Labor leader Dean Winter tabled a motion of no confidence in the prem
Shares in Lululemon Athletica (NASDAQ: LULU) plunged 21.91% in after-hours trading after the Vancouver-based activewear company joined a string of retailers to cut full-year earnings guidance. Despite posting better-than-expected first-quarter results, the company now expects full-year diluted earnings per share (EPS) of US$14.58 to US$14.78, down from prior guidance of US$14.95 to US$15.15.
Broadcom has bested estimates for earnings per share and revenue driven by its artificial intelligence products, and forecast continued growth. The company’s diluted earnings per share last quarter were US$1.58, up $0.48 year-over-year and above LSEG estimates of $1.56. Its revenue was $15.00 billion, rising 20% and passing estimates of $14.99 billion. “Broadcom achieved record second quarte
Mark Butler has said that any review into United States beef exports will be made with Australia's national interests in mind, with a focus on biosecurity. The Health Minister made the comments after confirming there would be a review into the current export rules but was firm on not compromising that nation's biosecurity laws. Currently, the Trump administration is imposing a 10% tariff on
