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DAX Index Rises 0.23% on Iran Peace Deal Hopes, June 13
DAX rises 0.23% on Iran ceasefire hopes as oil falls below $90. Germany’s 2026 growth forecast cut to 0.5% amid geopolitical risks.
SpaceX IPO Soars 19% to $161 on Record $75B Debut, June 13
SpaceX IPO closes at $161, up 19% on $75B debut. Stock values company at $1.77 trillion, making it one of the 10 largest US companies.
Virgin Galactic Crashes 31.8% as SpaceX IPO Triggers Space-Stock Selloff, June 13
Virgin Galactic (SPCE) stock fell 31.8% to $3.91 after SpaceX IPO triggered space-stock rotation and dilution concerns from debt-for-equity swap.
Carl’s Jr. Franchisee Closes 10 Restaurants, Sells 49 After Bankruptcy, June 13
Carl’s Jr. franchisee files Chapter 11 bankruptcy, plans to close 10 locations and sell 49 others in California amid rising labor costs.
Dollar-Yen Hits 160.59 as BOJ Prepares 1% Rate Hike, June 13
Dollar-yen rises to 160.59 as BOJ prepares 1% rate hike while FOMC holds steady. Geopolitical easing supports yen. Watch central bank messaging.
Stadler Rail Unveils New SBB Freight Locomotive, June 13
Stadler Rail and SBB unveil EURO DuFour freight locomotive with 15% lower energy consumption and 20% less rail wear.
Live Nation Faces Antitrust Verdict Fallout, June 12
Live Nation faces antitrust verdict with ongoing legal challenges including DOJ criticism and whistleblower allegations of misconduct.
Nauru Votes on Name Change to Naoero, Reclaiming Indigenous Identity
Nauru prepares for referendum to change its official name to Naoero, reclaiming its indigenous identity and rejecting colonial-era naming.
ASX 200 Jumps 2% on Iran Peace Deal Hopes, June 13
ASX 200 rallies 2% to 8,804 on Iran peace deal hopes and falling RBA rate-hike odds. Materials and consumer stocks lead. RBA decision Tuesday.