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Commerzbank Works Council Files Criminal Complaint Against Unicredit, June 13
Commerzbank works council accuses Unicredit of market manipulation. Stock rises 2.9% as acceptance rate hits 11.22%, pushing Unicredit stake to 37%.
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.
SpaceX IPO Soars 19% to $161; Leveraged ETF Launch Delayed to Monday, June 13
SpaceX stock surges 19% to $161 on IPO debut Friday. Leveraged ETFs pushed to Monday over SEC concerns. Company valued at $2.1 trillion.
Virgin Galactic Crashes 31.8% as SpaceX IPO Triggers Space-Stock Selloff, June 13
Virgin Galactic (SPCE) stock fell 31.8% to $3.91 after SpaceX IPO triggered space-stock rotation and dilution concerns from debt-for-equity swap.
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.
Ito-Yokado Expansion Signals Japan Retail Shift, June 13
Ito-Yokado expands Kanagawa stores with enhanced cashless payment options as Seven & i Holdings pursues digital-first retail strategy.
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.
Bank of Japan Raises Rates to 1%, Highest Level Since 1995
BOJ set to raise rates to 1% on June 16, the highest since 1995, as inflation and weak yen force tightening action.
Cash App Enters Telecom Space with $40 Unlimited Phone Plan on AT&T Network Targeting Young Users
Cash App is making a major move beyond digital payments and personal finance by launching a new wireless phone service. The company has introduced a $40 per month unlimited phone plan that operates on the AT&T network, marking its entry into the highly competitive telecommunications market. The launch represents one of the biggest expansions in…