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With smooth SpaceX debut, Wall Street sets new template for mega IPOs  

By Anirban Sen, Nivedita Balu and Saeed Azhar NEW YORK, June 12 (Reuters) - A collective sigh of relief swept across Wall Street after trading for SpaceX's landmark Nasdaq launch went smoothly, setting a new template for the trading firms and exchanges that are bracing ...
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Target investors reject proposal for independent board chair, support rises but stays below majority

June 12 (Reuters) - Target on Friday said its shareholders rejected a proposal to separate the roles of board chair and executive leadership, with 38.1% votes in support - above the 29% level achieved by a similar measure in 2024. The outcome allows former CEO ...
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Consumer sentiment improves but stays near all-time low, survey shows

(NEW YORK) -- Consumer sentiment improved in June for the first time since the outbreak of the Iran war as gasoline prices eased in recent weeks, but shopper attitudes remained near their worst level on record, University of Michigan survey data on Friday showed. ...
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Space stocks slump as blistering rally cools after SpaceX market debut

June 12 (Reuters) - U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO. The Elon Musk-led company jumped 28%, clinching a valuation of ...
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Brazil launches subsidized motorcycle credit program for app-based delivery drivers

BRASILIA, June 12 (Reuters) - Brazil's government on Friday launched a subsidized credit program for app-based delivery drivers to purchase motorcycles, in a fresh move to boost demand and support a part of the workforce that has expanded rapidly in recent years. The program will ...
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SpaceX IPO could make Elon Musk the first-ever trillionaire

(NEW YORK) -- Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when SpaceX goes public on Friday.The company's founder and CEO is set to own roughly four out of every 10 SpaceX shares after the initial public offering (IPO). If SpaceX ...
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Ford recalls more than 250,000 Focus models because engines can stall unexpectedly

Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving. The recall includes 255,404 Ford Focus automobiles, model years 2012-2018. Ford said the canister purge valve may ...
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US consumer sentiment improves in June

WASHINGTON, June 12 (Reuters) - U.S. consumer sentiment improved in early June as easing gasoline prices offered households some relief, though concerns about inflation lingered, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index increased to 48.9 ...
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Patagonia is suing Pattie Gonia, a drag queen performer with an environmental message

DENVER (AP) - Days before the beginning of Pride Month in June, a glamorous drag queen with long, wavy red hair, a matching mustache and carabiner earrings stared into a camera and levied a strong accusation against a famous sustainable outdoors apparel brand: "This ...
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Meta’s social networks down for thousands of users

June 12 (Reuters) - Facebook-parent Meta said on Friday that users were having trouble accessing the social media company's services. "We're aware people are currently having trouble accessing our services. We're working on it," the company's spokesperson Andy Stone said in a post on X. There ...
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Disaster drills helped prevent more deaths when powerful quake hit the southern Philippines

MANILA, Philippines (AP) - Philippine officials said Friday that years of disaster-preparedness drills helped prevent a larger casualty toll when one of the strongest earthquakes in 50 years struck the south and left 55 people dead with 31 others missing. The 7.8 magnitude offshore quake, ...
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Taylor Swift becomes the youngest woman inducted into the Songwriters Hall of Fame at age 36

NEW YORK (AP) - Taylor Swift became the youngest woman ever inducted into the Songwriters Hall of Fame Thursday night at age 36. "It was instinctual. No one taught me how to do it," she said of songwriting through a raspy voice she attributed to ...
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