The Australian dollar sank to its lowest level since early July following weaker jobs data, which has dramatically cooled expectations for the Reserve Bank of Australia (RBA) to hike rates again in November.

Carnival said it will withdraw the Carnival Luminosa and Carnival Adventure from the Australian market in March 2028, leaving Carnival Splendor and Carnival Encounter as its only ships deployed in the country. The move halves its annual local deployment capacity. The cruise line cited rising operating costs and uncertainty over the regulatory outlook. Canberra has extended the coastal trading exemption to the end of 2028, but Carnival signaled that this did not clear up its concerns about the rules that follow.

CoreWeave shares dropped 15.5 per cent to $65.78 as investors questioned whether the data centre operator can carry $35.6 billion in debt in a rising interest rate environment. The US company listed in March 2025 and rallied on AI enthusiasm before giving back those gains. In Australia, AI data centre operator Firmus scrapped a planned $44 billion ASX listing after institutional investor demand fell short.

Mining giant BHP’s plans to axe 300 jobs are being labelled a “senseless attack” by the unions following a series of strikes.

US pizza giant Domino’s has turned the spotlight on its struggling Australian franchisee once again, with the US boss signalling he is open to taking away some overseas markets from the ASX-listed business.

Australia’s ETF industry has hit a record $388 billion as Aussies continue to pile into the low-cost investment funds, with the federal government’s capital gains tax overhaul only accelerating the trend.

Struggling carmaker Polestar has hit a devastating roadblock that could permanently change where it builds its cars.

SpaceX said it will use newly acquired spectrum and its second-generation constellation to offer high-speed mobile broadband across the US through Starlink Mobile, claiming capacity of more than 100 times its current satellite fleet. US regulators approved this week the launch of up to 15,000 new satellites designed to connect directly to ordinary smartphones. After the announcement, shares of major US telecom carriers fell sharply in after-hours trading.

Australia’s federal government and the Tasmanian government said they will provide A$200 million in support for a Rio Tinto aluminium smelter to help safeguard 550 jobs. The move comes less than two months after the federal and NSW governments agreed to inject $2.5bn over 10 years into Rio Tinto’s Tomago Aluminium plant. The smelter had sought support through the federal $2bn Green Aluminium Production Credit scheme but was ruled ineligible. Rio Tinto’s underlying pretax earnings are made up of 56 per cent from iron ore and about 25 per cent from copper.