TACO again? ASX soars on peace deal hopes | SpaceX’s stock market debut

TACO again? ASX soars on peace deal hopes | SpaceX’s stock market debut

The ASX 200 has surged to a five-week high following comments from US President Donald Trump that a peace deal between the US and Iran is imminent. But haven’t we been here before? Also, Elon Musk’s SpaceX raises US$75 billion ahead of its much-anticipated Nasdaq debut. For more, Stephanie Youssef spoke with Matt Wacher, chief investment officer at Jana Investment Advisers.

World Cup opener: Electric scenes and three red cards

This FIFA World Cup 2026™ is set to be a major one for key and emerging players. Join your host Haylena Krishnamoorthy for this episode of World Cup Daily | The 90+ Podcast, as she breaks down the opening match atmosphere, Mexico and South Africa's match with three red cards, and South Korea vs Czech Republic's game. Will we see more players being sent off the pitch? And will South Korea see Son Heung-Min make a difference in matches moving forward? World Cup Daily | The 90+ Podcast is SBS's daily FIFA World Cup 2026™ podcast covering the biggest stories on and beyond the pitch. In this episode: · Red card hat trick at Mexico vs South Korea opener · South Korea start their World Cup with a 2-1 win against Czech Republic From unforgettable moments, match highlights, emerging stars, FIFA politics, major controversies and the stories shaping the tournament, The 90+ brings you the key talking points from the FIFA World Cup 2026™ every day. For more on this series, follow The 90+ Podcast [https://www.sbs.com.au/news/podcast/world-cup-daily-the-90-podcast]. Get daily updates on the SBS News website [https://www.sbs.com.au/news] and follow SBS Sport on YouTube [https://www.youtube.com/sbssportau], TikTok [https://www.tiktok.com/@sbssportau], X [https://x.com/SBSSportau], Instagram [https://www.instagram.com/sbssportau] and Facebook [https://www.facebook.com/sbssportau/] for all the latest from the FIFA World Cup 2026™. The FIFA World Cup 26ᵀᴹ [https://www.sbs.com.au/sport/fifa-world-cup-2026/how-to-watch] kicks off on June 12 (AEST) - with coverage starting for the tournament opener between Mexico and South Africa from 4am (AEST) - and will be an exclusive broadcast on SBS in Australia. You can watch all 104 matches of the FIFA World Cup 2026™ live, free and exclusive on SBS [https://www.sbs.com.au/sport/fifa-world-cup-2026], SBS VICELAND and SBS On Demand [https://www.sbs.com.au/ondemand/fifa-world-cup-2026].

Fallout from UK minister's resignation casts doubt on AUKUS deal

The resignation of Britain's Defence Secretary has thrown high-level talks with Australia into disarray and reignited debate about the future of the AUKUS submarine pact. John Healey quit after accusing Prime Minister Keir Starmer's government of failing to adequately fund defence, forcing the cancellation of a planned appearance with Australian Defence Minister Richard Marles. The political fallout is now being felt on both sides of the world, with critics questioning the stability of one of Australia's most ambitious defence projects. Listen to Australian and world news and follow trending topics with SBS News Podcasts. [https://www.sbs.com.au/news/listen-to-news] TRANSCRIPT “At six a dramatic and unexpected resignation by the defence secretary John Healey... “ The shock resignation of John Healy has exposed deep divisions within the British government over defence spending. Mr Healey quit after a dispute with Prime Minister Keir Starmer over military funding, warning Britain was failing to invest enough in its armed forces at a time of growing global threats. Just hours earlier, he had been photographed jogging with Australian Defence Minister Richard Marles ahead of a planned visit to Portsmouth Naval Base. That event was later cancelled after Mr Healey's resignation. The now former Defence Secretary had been publicly defending AUKUS and Britain's commitment to the submarine partnership. “I'm not going to comment on figures - the Prime Minister knows what defence and the nation needs.”  The resignation has triggered a political storm in London. Opposition Leader Kemi Badenoch says Sir Keir Starmer's government is unraveling. “Keir Starmer's premiership is falling apart, his health secretary resigned two weeks ago, his defence secretary resigned at a critical time when we are facing global threats and he is doing so because the  prime minister is trying to please his back benchers by putting money into welfare instead of defence”.  The developments have also intensified scrutiny of AUKUS in Australia. Peter Garrett, who is chairing a public inquiry into the submarine pact, says the timing of the resignation highlights why the project needs closer examination. “The reason we need to have the enquiry now is there has never been a public debate or even a parliamentary debate about the biggest amount of money that Australian will ever spend in its defence history, at least up to now and the fact that Mr Marles' counterpart has disappeared overnight - I mean it's a bit of a symbol really”  Mr Garrett says Australia should make its own assessment of whether the deal is in the national interest. “I think our credibility is only enhanced if we apply  our own thinking as an independent sovereign nation as to what's in our best national interest, and that's the question that we're asking about AUKUS is it ultimately in our best national interest? And other nations will respect that, if we come to that view.”     The Greens have also seized on the developments. Senator David Shoebridge says Richard Marles has been left politically exposed by turmoil among Australia's AUKUS partners. “Defence minister Marles seems committed to a process of ritual global humiliation as he does a world tour of AUKUS.  Richard Marles went to Singapore and came back with 3 second hand submarines.  He then travels off to the UK for AUKUS and is met by the resignation of the UK defence minister, literally been left standing at the altar with not a nuclear sub to be seen.  You can't make this stuff up.”        The federal government has rejected suggestions the resignation will affect the submarine deal. Cabinet minister Tim Ayres says AUKUS has deep support across Australia, the United Kingdom and the United States and will continue regardless of changes in personnel.

'Feeling the pinch' : charities struggling to meet rising demand for support services as winter hits

Not-for-profit organisations are struggling to meet rising demand for their services due to increasing overhead costs. The Australian Charities and Not-for-Profit Commission's annual report has found expenses are outpacing revenue growth, as the impact of interest rate hikes, inflation and international conflict make an impact.

Trump spruiks imminent deal as uncertainty reigns

Just hours after threatening to launch what he described as a bigger and more powerful attack on Iran, US President Donald Trump says a deal may now be within reach. The dramatic shift has raised hopes that a wider regional conflict could be avoided. But while diplomats talk about agreements and ceasefires, families across the Middle East and beyond are still counting the cost of a conflict that continues to reverberate across the region.