FEAR & GREED | Business NewsFEAR & GREED | Business News

Economy heading for recession?; Bitcoin stumbles; SpaceX IPO liftoff

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Thursday 4 June 2026

The Australian economy slows as interest rates and fuel costs bite. 

  • Electrified vehicles comprised almost 50 per cent of all new vehicles sold last month 
  • Bitcoin tumbles as global investors head towards US tech stocks
  • Luxury brands Hermes and Chanel defy the spending downturn in Australia
  • Elon Musk’s SpaceX ready for IPO liftoff

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