Business news

Business news • Jun 13

SpaceX Shares Close Up 19% in Historic Debut as Musk Becomes First Trillionaire

SpaceX shares ended the day up 19% as investors worldwide finally began trading the largest-ever initial public offering after weeks of anticipation and...

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Business news • Jun 13

Musk Is the World’s First Trillionaire. Who Was the First Billionaire?

John D. Rockefeller, the Gilded Age oil baron, became America's first billionaire in 1916. Like Elon Musk's ascension, the milestone made headlines.

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Business news • Jun 13

Justice Dept. Clears Way for Paramount-Warner Bros. Merger

The Justice Department will not challenge Paramount's merger with Warner Bros. Discovery, clearing a major hurdle for the $111 billion deal, the agency said...

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Business news • Jun 13

Outbreak Investigation of Infant Botulism: Powdered Infant Formula (June 2026)

The FDA and CDC, in collaboration with California Department of Public Health (CDPH), Infant Botulism Treatment and Prevention Program (IBTPP), and state...

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Business news • Jun 12

Exclusive | OpenAI Investigated by Coalition of State Attorneys General

A coalition of state attorneys general has opened an investigation into OpenAI, according to people familiar with the matter, the latest in a series of...

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Business news • Jun 12

OpenAI under investigation by group of state attorneys general, source says

June 12 (Reuters) - A coalition of U.S. state attorneys general has opened a sweeping ​investigation into OpenAI, a source familiar with the matter said ‌on...

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Business news • Jun 12

Elon Musk's stratospheric rise to trillionaire status - in charts

Elon Musk became the world's first trillionaire on Friday, following the record-breaking stock market debut of his company SpaceX.

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Business news • Jun 12

How Elon Musk Just Became The World's First Trillionaire

On "Forbes Talks," Forbes Executive Editor Luisa Kroll and Forbes Reporter Matt Durot discuss Elon Musk becoming the world's first trillionaire after the...

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Business news • Jun 12

Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department has moved to involve banks more deeply in President Donald Trump's immigration crackdown.

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Business news • Jun 12

Justice Department Clears Paramount-Warner Bros. Discovery Deal

The $81 billion acquisition by Paramount still requires approval from European regulators.

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Business news • Jun 12

Visualized: Elon Musk is now worth a trillion dollars, but how much is that really?

Use this visualization to see how the median U.S. household income compares to Elon Musk's new net worth.

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Business news • Jun 12

Justice Department clears way for Paramount Skydance to buy Warner Bros. Discovery

Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.

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Business news • Jun 12

Stock Market on June 12, 2026: Dow, S&P 500, Nasdaq end higher as SpaceX shares surge in market debut; Strait of Hormuz also in focus as oil prices fall; U.S. stocks book weekly gains

It was a big day for the stock market Friday, as SpaceX began trading after its record IPO. Investors were also monitoring the latest developments in the...

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Business news • Jun 12

Trump’s DOJ approves Paramount-Warner Bros. merger, as potential state lawsuits loom

The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.

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Business news • Jun 12

US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street

U.S. stocks rose after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 rose 0.5% Friday.

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Business news • Jun 12

Zohran Mamdani has thoughts on Elon Musk becoming the world's first trillionaire

New York City Mayor Zohran Mamdani used SpaceX's historic IPO — and founder Elon Musk's newly minted status as a trillionaire — to push policy.

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Business news • Jun 12

SpaceX IPO live updates: Elon Musk's SpaceX stock soars in market debut as Dow, S&P 500, Nasdaq rise

SpaceX (SPCX) made its historic debut on Friday, as shares soared 19% to $160 on their first day of trading. Investors' expectations for the stock were...

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Business news • Jun 12

Call Kevin Warsh the Fed 'chairman'

Kevin Warsh's two immediate predecessors preferred to be called the Fed "chair." For Warsh, it's "chairman" of the Federal Reserve.

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Business news • Jun 12

I went to a SpaceX IPO protest. The target wasn't just trillionaires — it was Wall Street.

Anti-SpaceX protestors gathered outside of JPMorgan headquarters to protest the inclusion of SpaceX in their retirement funds.

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Business news • Jun 12

Stock Market Today: Dow Ends Higher On Iran Deal Hopes; SpaceX Rockets 19% In Debut

Stock Market Today: The Dow Jones index rises Friday on U.S.-Iran peace deal hopes. SpaceX stock jumps, making Elon Musk a trillionaire.

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