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SpaceX Shares Plunge 31% From Post-IPO Peak, Fall Over 16% in One Day Despite Raising $85 Billion in Landmark Listing
SpaceX has witnessed a sharp reversal in investor sentiment just days after completing the largest IPO in market history. After soaring following its Nasdaq debut, the stock has now fallen about 31% from its post IPO peak and dropped more than 16% in a single trading session, erasing a large portion of its early gains….
SpaceX Stock Falls 4% on Profit-Taking Despite Investment-Grade Ratings, June 19
SpaceX stock falls 4% on profit-taking despite investment-grade ratings from Moody’s, Fitch, and S&P. SPCX up 37% from $135 IPO price.
S&P 500 Rallies on Iran Peace Deal as Capital Crunch Looms, June 16
S&P 500 rallies on U.S.-Iran peace deal as oil falls. Economists warn of capital crunch amid fiscal pressures and higher rates.
US Flood Insurance Gap Leaves $17.1B in Annual Losses, June 15
Only 4% of US households have flood insurance, leaving $17.1 billion in annual losses uninsured by property insurers.
Nikkei 225 Surges Past 69,000, Gains 5.41% as US–Iran Peace Deal Lifts Asian Markets
The Nikkei 225 (^N225) just broke into history. Japan’s benchmark Nikkei 225 stock average briefly soared over 3,600 points to hit a record intraday high above 69,000 in Monday morning trading on June 15, 2026, as investors cheered US President Donald Trump’s announcement that a deal had been reached to end the conflict between the…
RCMP Charges 5 People in Nova Scotia Drug and Gun Busts, June 12
RCMP charges 5 people in Nova Scotia drug trafficking busts. Cocaine, methamphetamine, guns, and vehicles seized.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.
Tencent Shares Jump 5% as $4 Billion Bond Sale Draws Over $6 Billion in Orders
Tencent Shares climbed as much as 5% to HK$468.4 in Hong Kong trading on June 9 after the company received more than $6 billion in orders for its planned $4 billion dual-currency bond offering. The strong demand highlighted investor confidence in one of China’s largest technology companies. Tencent Shares Rally as Investor Demand Exceeds $6…
Singapore Households Take on More Debt as Net Wealth Rises, June 08
Singapore household debt grew 8.2% YoY in Q1 2026, outpacing wealth growth. Net wealth reached $3.3 trillion while liabilities hit $415 billion.