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Meta Stock Slips as Zuckerberg Admits AI Restructuring Mistakes, June 13
Meta stock fell 0.25% as CEO Zuckerberg acknowledges AI restructuring mistakes. Company commits to no company-wide layoffs in 2026.
Elon Musk Hits $1.1 Trillion Net Worth as SpaceX IPO Soars 19%, June 13
SpaceX IPO soars 19% to $161 on record $75B debut. Elon Musk becomes world’s first trillionaire with $1.1 trillion net worth as SPCX trading begins.
Turkey Opens Abuse Inquiry After Opposition Official’s Detention Allegations, June 13
Turkey investigates strip-search allegations against jailed Istanbul municipality executive during police custody.
Goldman Sachs Rises 2.6% on AI Boom, SpaceX IPO Signals Market Strength
Goldman Sachs stock rises 2.6% as SpaceX’s record $75B IPO and AI infrastructure boom boost investment banking fees and capital markets activity.
S&P 500 Rises 0.5% as Inflation Spike Threatens Rate Hikes, June 13
S&P 500 rises 0.5% as inflation hits 4.2% and rate hikes loom. Oil volatile on Iran peace talks; tech faces valuation pressure.
India Caps Diesel Sales at 200L, Bars Bulk Buyers From Pumps June 13
India restricts bulk fuel purchases at retail pumps for 90 days, capping diesel sales at 200 litres daily per customer to prevent hoarding.
India Protests US Navy Strikes That Killed 3 Sailors, June 13
India protests US Navy strikes that killed three Indian sailors near Oman in Strait of Hormuz. Foreign Minister demands explanation.
Ibaraki Mayor Loses Job After Second No-Confidence Vote, June 13
Ishioka mayor loses job after second no-confidence vote. Special election June 21 amid governance crisis over 80 billion yen cultural facility plan.
SpaceX IPO Soars 19% on Record $75B Debut, Musk Hits Trillionaire Status
SpaceX IPO raises record $75B, stock closes at $161 up 19%. Company valued at $2.1 trillion. Elon Musk becomes world’s first trillionaire.