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Germany’s Pension Reform Splits Coalition: Beamte Face 600-800 Euro Cut
Germany’s pension reform divides coalition: SPD opposes raising retirement age beyond 67; Beamte face potential 600-800 euro monthly losses.
Wyndham and Barclays Launch Premium Card, June 19
Wyndham and Barclays launch updated credit card suite with new premium Earner Premier Card offering 8x points on hotel stays and $395 annual fee.
XPeng Stock Hits 52-Week Low as Dilution Vote Looms, June 19
XPeng stock falls to 52-week low of €11.64 ahead of June 26 shareholder vote on 20% dilution. Deliveries lag Q2 targets as CEO pushes robotics push.
UK Supreme Court Rules Against Gerko in £22.5M Tax Dispute, June 18
UK Supreme Court rules against billionaire trader Alex Gerko in £22.5M tax dispute over fund structure and income tax classification.
Dobrindt Pushes Welfare Cuts as SPD Resists, June 18
Dobrindt calls for welfare cuts in Germany as coalition splits on Bürgergeld reform taking effect July 1.
Affirm Stock Falls 5.3% to $70.73 on Valuation Concerns, June 18
Affirm stock fell 5.3% to $70.73 on June 17 amid valuation concerns and sector headwinds affecting the buy-now-pay-later fintech lender.
Meta Launches Paid Subscriptions for Facebook, Instagram, WhatsApp
Meta offers optional paid subscriptions for Facebook Plus, Instagram Plus, and WhatsApp Plus starting at $2.99–$3.99/month globally.
Rivian Cuts 300 Jobs as R2 Launch Falters, Stock at $16.26
Rivian lays off less than 2% of workforce after R2 launch. Stock falls to $16.26 as company pursues profitability.
Obama Presidential Center Opens Friday, Aims to Inspire Next Generation, June 18
Obama Presidential Center opens Friday in Chicago with $850 million facility focused on inspiring next-generation leadership.