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

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 We’re running a short survey to hear from you, with the team at Fonto. It only takes a few minutes, and you can be in the running to win a $3,000 Luxury Escapes voucher. Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here And don’t miss the latest episode of How Do They Afford That? - should you get an EV on a lease? Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.