SpaceX IPO Momentum Fades After Stellar Debut, Shares Rally to $225 Then Slide
A month after SpaceX’s historic IPO, the stock has fallen from its intraday peak of $225, trading around $145, with analysts warning of continued...
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UAE Condemns Iran’s Brazen Tanker Attack as US Fires Fresh Strikes in Hormuz Crisis
The UAE condemned Iran’s brazen tanker attack as the US carried out fresh strikes, boosting tension in the Strait of Hormuz.
Chipotle Opens First Mexico Outlet Amid Mixed Reception and Expansion Plans
Chipotle opens its first restaurant in Mexico, a milestone for the global chain with 4,100 outlets.
Mortgage Rates Hold Near 6.49% as Housing Affordability Improves, Freddie Mac Reports
Freddie Mac reports the 30-year fixed at 6.49% and the 15-year at 5.82%, with affordability easing as home-price growth slows and rates stay relatively steady.
Levi Strauss Beats Expectations, Lifts Guidance and Dividend
Levi Strauss posted better-than-expected Q2 results with revenue at $1.56B, earnings of 22 cents per share, and an increased full-year outlook as prices and...
Volkswagen Plans Global Job Cut Of Up To 100,000 Amid Costs Pressures
Volkswagen Group is considering cutting up to 100,000 jobs globally as it seeks to reduce costs after a year of shrinking profits and tougher...
June Home Sales Disappoint As Prices Reach An All-Time High
June home sales fell 2.4% to a 4.09 million annualized pace, with the median price at a record $440,600 as supply remains tight and...
Thames Water Returns To Profit After Bill Increases And Debt Funding Assurance
Thames Water returned to profit for the year ending March after a 40% bills hike, with post-tax income of £113m, while debt rose to...
Trump Threatens to Bomb Bridges and Power Plants Unless Iran Resumes Talks
BBC reports that President Trump warned Iran of targeting bridges and power plants unless talks resume, as tensions and maritime actions around the Strait...
PepsiCo Faces Mixed Q2 2026 Results as U.S. Budgets Tighten
PepsiCo reported mixed Q2 2026 results, with international demand lifting revenue while North American volumes lagged as consumer budgets tightened amid rising inflation and...