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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.
Biel Power Outage Cuts City June 12, Hospitals Unaffected
Biel power outage on June 12 caused by equipment failure at Mett substation. Most areas restored within 48 minutes. No injuries reported.
Labor’s CGT and Negative Gearing Reforms Reshape Australian Tax System, June 13
Labor’s 2026 Budget replaces the 50% CGT discount with inflation indexation and a 30% minimum tax on capital gains from July 2027.
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.
SpaceX Stock Surges 19% on Record $75B IPO Debut, June 13
SpaceX IPO surges 19% to $160.95, raising record $75B. Stock valued at $2.1T with strong technical momentum and investor confidence in growth.
Rocket Lab Stock Falls 10.8% as SpaceX IPO Triggers Sector Rotation
Rocket Lab stock falls 10.8% to $102.39 as SpaceX IPO triggers profit-taking in the space sector despite Nasdaq-100 inclusion.
SpaceX IPO Soars 19% to $161 on Record $75B Debut, June 13
SpaceX stock SPCX jumps 19% to $161 in record IPO debut, raising $75B and valuing the company at $2.1 trillion.
Microsoft Stock Falls 1.77% as Xbox Overhaul Weighs on AI Spending, June 12
Microsoft stock fell 1.77% to $390.34 on June 11 amid Xbox restructuring and AI spending scrutiny, offset by strong Azure growth.
Southeast Asia’s Economic Rise: ASEAN Targets 4th Largest Economy by 2030
ASEAN targets 4th largest economy by 2030 through regional policies, energy security, and AI adoption to strengthen cross-border partnerships.