Miners drag the ASX lower as SpaceX slips below IPO price

Miners drag the ASX lower as SpaceX slips below IPO price

The Australian sharemarket ended the week on a softer note, with the ASX 200 falling half a per cent on Friday as heavy losses among mining stocks dragged the market lower, leaving the benchmark down 0.1 per cent for the week. Meanwhile, in the United States, SpaceX shares slipped below their US$135 IPO price, leaving investors who bought at the float and held the stock sitting on a paper loss. Tony Sycamore, market analyst at IG Markets, joins the podcast to unpack the day's biggest market moves and what they mean for investors.

Will FIFA keep hydration breaks at the next World Cup?

Join your host Haylena Krishnamoorthy for this bonus episode on World Cup Daily | The 90+ Podcast, as she chats to former players, a football coach, a sports academic and advertising expert to hear their perspectives on the controversial hydration break at this FIFA World Cup 2026™. Does the hydration break protect players in demanding conditions? Or is it disrupting the flow of the game? Will it stay? What does it mean for the future of football? 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:  · Former Socceroo Harry Kewell and Tommy Oar, former Matildas goalkeeper Lydia Williams and player Sarah Walsh, former football coach Phil Moss weigh in on hydration break · Sports academic Professor Geoff Dickson says the conditions at many matches simply haven't justified the breaks · Advertising expert Kubhandren Padmanabhan says the breaks doesn't necessarily mean FIFA is making that money directly. 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].

'You can almost taste the smoke': Heavy smoke covers parts of North America as Canada battles wildfires

Hundreds of wildfires burning in Canada have caused dangerous air quality levels throughout Canada and large parts of the United States. Air quality has plummeted to hazardous levels in parts of North America, as officials and health experts urge residents to avoid the outdoors.

INTERVIEW: The insidious danger of 'pump and dump' financial scams

ASIC is warning Australians to be extremely cautious of investment tips received through social media and messaging apps, amid a spike in reports of so-called 'pump and dump' scams using fake celebrity endorsements and impersonations of financial institutions. ASIC says scammers use the identities and images of well-known finance industry figures, including respected market commentators and economists, to lure consumers into WhatsApp and other messaging groups where they are encouraged to buy investments, particularly shares. Once consumers join a messaging group, scammers provide stock tips designed to artificially inflate the price of a share before selling their own holdings. The share price then falls, leaving unsuspecting investors with significant losses. SBS Reporter Natalie Poyhonen has been talking to ASIC Commissioner Alan Kirkland

ASX flat as BHP strike and production outlook weighs on market

A stronger year for ASX listings is offering signs of renewed confidence, but competition for IPOs remains fierce as companies increasingly turn to private equity and overseas exchanges for capital. Ricardo Gonçalves speaks with ASX General Manager, Listings James Posnett about the rebound in new listings and what it means for Australia's capital markets. Plus, Mathan Somasundaram from Deep Data Analytics unpacks a flat session for the ASX as BHP shares fell amid strike action at its Port Hedland iron ore operations, while AMP and REA Group rallied on upbeat company updates. A stronger year for ASX listings is offering signs of renewed confidence, but competition for IPOs remains fierce as companies increasingly turn to private equity and overseas exchanges for capital. Ricardo Gonçalves speaks with ASX General Manager, Listings James Posnett about the rebound in new listings and what it means for Australia's capital markets. Plus, Mathan Somasundaram from Deep Data Analytics unpacks a flat session for the ASX as BHP shares fell amid strike action at its Port Hedland iron ore operations, while AMP and REA Group rallied on upbeat company updates.