Business news

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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Business news • Jun 12

SpaceX’s Unlikely Journey From Far-Out Idea to $2 Trillion Juggernaut

Elon Musk said he had initially given SpaceX less than a 10 percent chance of succeeding. His rocket company has come a long way.

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Business news • Jun 12

How the historic SpaceX IPO is turning everyday workers into overnight millionaires

SpaceX's record-setting IPO is creating a financial windfall for thousands of current and former employees, from rocket designers to baristas, who received...

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Business news • Jun 12

Paramount-WBD merger wins approval from DOJ

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.

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Business news • Jun 12

Oracle Is an AI Success. It May Not Be Enough.

Even a successful transformation into an AI-first world might not provide the kinds of margins that Oracle's software business once delivered.

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Business news • Jun 12

Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI

SpaceX's IPO has made Elon Musk the world's first trillionaire, but the CEO spent the lead-up to the moment espousing his belief that money won't matter one...

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Business news • Jun 12

Why the Enormous IPOs Won’t Sink the Market

Will trillicorns break the stock market? I'll come to that, but let me start with how we got here–linguistically and financially.

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