ALM News Today: Stay Updated with the Latest Almonty Industries Inc. Common Shares News in Real Time
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Australia’s Capital Gains Tax Overhaul Aims to Help 75,000 First-Home Buyers
Australia’s capital gains tax reforms replace the 50% discount with inflation indexation to improve housing affordability for 75,000 Australians.
ANZ Falls 5.6% as Hedge Funds Bet Against Big Four Banks, June 14
ANZ down 5.6% YTD as hedge funds double shorts to $10.9B. Citi cuts profit forecasts on slowing home loan growth and rising rates.
Hong Kong Hospitality Sector Expands as Legal Framework Supports Business Growth, June 14
Hong Kong hospitality sector gains momentum as legal professionals unite with mainland peers to support global business expansion.
SpaceX IPO Soars 19% to $161, Musk Becomes First Trillionaire, June 14
SpaceX IPO raises record $75B at $135/share. Stock debuts at $161, up 19%. Musk becomes world’s first trillionaire.
US Invests $2B in Quantum Computing, IBM Among Key Beneficiaries, June 14
U.S. government invests $2 billion in quantum computing firms including IBM, taking ownership stakes to advance strategic technology.
SpaceX Stock Soars 19% in Record IPO Debut, Musk Becomes First Trillionaire
SpaceX IPO debuts at $160.95, raising $75 billion. Shares surge 19% on investor enthusiasm for Starlink and space ventures.
NTT DATA Expands AI Services, Appoints New CEO, June 14
NTT DATA expands AI data analysis services and appoints Kazuhiko Nakayama as new CEO. Stock rated B+ by Meyka with 12-month target at ¥3,536.
Dow Jones Rises 0.7% as SpaceX IPO Reshapes Market, June 14
Dow Jones rises 0.7% to 51,202 on SpaceX IPO surge and Iran peace deal hopes. S&P 500 gains 0.5%, Nasdaq up 0.3%.
West Marine Closes 59 Stores After Chapter 11 Filing, June 13
West Marine closes 59 stores in Chapter 11 bankruptcy as consumer spending weakens and outdoor retail faces headwinds.