‘Job-huggers’ sense trouble brewing in the jobs market as BofA flags wage growth stalling for switchers for the first time since 2010

SpaceX is set to conduct the 10th test launch of its Starship rocket, a significant step towards its goal of interplanetary travel. The launch is expected to showcase advancements in rocket technology and could pave the way for future missions to Mars.

Public Storage has decided to withdraw its bid for Abacus Storage King, marking a significant shift in its acquisition strategy.

Editor’s Note: This withdrawal could indicate challenges in the storage market or a reevaluation of Public Storage's growth plans. Understanding these dynamics is crucial for investors and industry analysts.

Coles, a major Australian retailer, has reported profits that fell short of expectations due to rising costs and declining tobacco sales.

Editor’s Note: This news is significant as it highlights the challenges faced by retailers in managing costs and adapting to changing consumer habits, particularly in the tobacco sector.

Australia's Fortescue has reported its smallest annual profit in six years, primarily due to declining iron ore prices. This downturn reflects broader challenges in the mining sector.

Editor’s Note: This news is significant as it highlights the impact of fluctuating commodity prices on major mining companies. Fortescue's performance may influence investor confidence and the overall health of the Australian economy.

Fortescue's annual profit has dropped by 41% due to declining iron ore prices, reflecting challenges in the mining sector.

Editor’s Note: This decline in profit is significant as it highlights the impact of fluctuating commodity prices on major mining companies, which can affect jobs and the economy.