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SPX Technologies Beats Q1 Earnings as Data Center Cooling Demand Surges
SPX Technologies beats Q1 earnings with $566.8M revenue and raises guidance on 70% data center cooling growth.
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.
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.
Michelau Workshop Burgled: Thieves Steal Safe, Cause €20,000 Damage
Thieves broke into a disability workshop in Michelau, stealing a safe and cash. Property damage estimated at €20,000. Police seek witnesses.
DAX Index Rises 0.23% on Iran Peace Deal Hopes, June 13
DAX rises 0.23% on Iran ceasefire hopes as oil falls below $90. Germany’s 2026 growth forecast cut to 0.5% amid geopolitical risks.
SpaceX IPO Soars 19% to $161 on Record $75B Debut, June 13
SpaceX IPO closes at $161, up 19% on $75B debut. Stock values company at $1.77 trillion, making it one of the 10 largest US companies.
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.
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.
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.