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SpaceX IPO raised $10bn more than thought
SpaceX IPO raised $10bn more than thoughtJust nowShareSaveAdd as preferred on GoogleFrancisco VelasquezBusiness reporterGetty ImagesSpaceX raised $10bn (£7.5bn) more than initially thought when it sold shares to the public on Friday - bringing in a total of $85.7bn. Elon Musk's rocket company pulled off the biggest initial public offering (IPO) in history when it joined New York's Nasdaq stock exchange last week. The listing had raised $75bn from investors, which Musk told employees will be spen...
Govt hikes export duty on diesel to Rs 14/litre, ATF to Rs 12.5/litre
Under the revised rates, the special additional excise duty (SAED) on diesel exports has been raised to Rs 14 per litre from Rs 13.5 per litre. The duty on ATF exports has been increased to Rs 12.5 per litre from Rs 9.5 per litre. The export duty on petrol remains unchanged at Rs 1.5 per litre. According to a notification issued by the finance ministry, the revised rates will come into effect from June 16.
Option Trading, Greenshoe: What's Next For SpaceX Stock After Hit IPO
The IPO includes a so-called greenshoe option, a standard feature of most large US stock market listings that acts like a safety valve that keeps the stock price from going crazy one way or another in its first month.
Italian police dismantle illicit bank used by drug traffickers as global broker
Clandestine operation run by Chinese national in Prato moved €80-100m a year through intermediariesItalian police have dismantled an underground bank used by drug traffickers through which several hundred million euros are believed to have moved over at least three years.The clandestine bank, whose logistical base was located in Prato, north-west of Florence, has been run since 2021 by a Chinese national, officials said. Continue reading...
Microsoft Sued By Shareholders Over Defrauding Them, Inflating Stock Price
About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.
Wall Street hits record high on US-Iran peace deal
Wall Street hits record high on US-Iran peace deal
Your Importer Of Record Is About To Become Your Biggest Liability
BusinessRetailYour Importer Of Record Is About To Become Your Biggest LiabilityByIzzy Rosenzweig,Contributor.Forbes contributors publish independent expert analyses and insights. Izzy Rosenzweig, CEO of Portless, covers e-commerce supply chains.Follow AuthorJun 15, 2026, 01:43pm EDTSummaryA new executive order signed June 3 significantly changes U.S. customs enforcement, shifting focus from *what* is imported to *who* is importing. Previously, foreign entities often used informal entry or shell...
World Cup Ads Face Unique Challenges, Opportunities This Summer
BusinessSportsMoneyWorld Cup Ads Face Unique Challenges, Opportunities This SummerByJohn Cassillo,Contributor.Forbes contributors publish independent expert analyses and insights. L.A.-based lead analyst at The Measure, covering the data behind sports media topics.Follow AuthorJun 15, 2026, 01:41pm EDTCHARLOTTE, NORTH CAROLINA - MAY 31: Christian Pulisic of United States celebrates after scoring his team's second goal during the international friendly match between United States and Senegal at B...
AI giants are learning a hard lesson about pricing power
Anthropic, until Friday’s White House move, looked like one of the more rationally valued companies in its peer group
Musk’s Net Worth Surges Nearly $100 Billion More—Hitting $1.2 Trillion As SpaceX Soars 11%
BreakingBusinessMusk’s Net Worth Surges Nearly $100 Billion More—Hitting $1.2 Trillion As SpaceX Soars 11%ByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorJun 15, 2026, 01:12pm EDTToplineElon Musk’s fortune increased by more than $90 billion Monday, reaching a record high $1.2 trillion and extending his lead as the world’s richest person, as shares of SpaceX surged more than 11% on the first full trading day after the company’s historic IPO.The wo...
أسعار ستصدمك: أغلى السيارات التي بيعت في المزادات!
عندما تتجاوز أسعار السيارات حدود الخيال، يصبح الشغف بالسرعة والفخامة أكثر إثارة. في هذا المقال، نستعرض أغلى السيارات التي بيعت في المزادات، مع تفاصيل مذهلة وأسعار لا تُصدق.
Unbelievable Prices: The Most Expensive Cars Ever Sold at Auction That Will Make Your Jaw Drop!
From iconic classics to modern marvels, the world of high-end automotive auctions showcases jaw-dropping prices. Dive into the exhilarating realm of the most expensive cars ever sold, where horsepower meets unparalleled luxury!
OutKick's campaign to save Cracker Barrel proves to be a huge success with latest stock news
Less than a year ago, Cracker Barrel had a Bud Light moment when management decided to change the legendary company logo and try to turn the down-home-themed restaurant into a place that suburban moms would rave about on TikTok before moving on to the next hot trend.CEO Julie Felss Masino appeared on "Good Morning America" in August wearing her LIB glasses. "The feedback's been overwhelmingly positive," Masino assured Michael Strahan on Aug. 19, 2025. As soon as those words came out of the Rache...
Good Intentions Aren’t Enough: Scaling Business Values
BusinessGood Intentions Aren’t Enough: Scaling Business ValuesByDr. Beh Chun Chuan,Forbes Books Author.for Forbes BooksAUTHOR POSTExpertise and opinions of authors published by ForbesBooks. Imprint operated under license. | Paid ProgramJun 15, 2026, 12:43pm EDTThink of your business as a tree. As it scales, the roots and the trunk must stay strong, and business values are an essential part of that strong foundation.gettyI like to think of a business as a tree. The most important components are t...
Text job scam cost him $10K in crypto
A text about making extra money can feel harmless at first. Maybe it shows up while you are between errands, scrolling on the couch or looking for a way to pad your budget.That is exactly why these scams work. They do not always begin with a wild promise. Often, they start with a simple message about flexible online work. Then the scammer slowly turns curiosity into trust.Rick S. shared this painful warning after reading one of our articles on scams:FAKE JOB INTERVIEW EMAILS INSTALLING HIDDEN CR...
Does the G7 still shape the global economy?
Trade tensions, wars and Asia's rise are testing the influence and unity of the Group of Seven (G7).
Australia’s Sigma Walks Away From $10 Billion Boots Acquisition
BusinessRetailAustralia’s Sigma Walks Away From $10 Billion Boots AcquisitionByMark Faithfull,Contributor.Forbes contributors publish independent expert analyses and insights. Mark Faithfull is London-based and covers retail and real estate Follow AuthorJun 15, 2026, 12:21pm EDTSummaryAustralian firm Sigma Healthcare has withdrawn from early-stage discussions to acquire the UK's Boots pharmacy chain, a potential $10 billion deal. Sigma cited that Boots no longer fits its strategic priorities, op...
من الفقر إلى الثراء: كيف أصبح برنارد أرنو أغنى رجل على قيد الحياة!
تعرف على رحلة برنارد أرنو، الذي تحول من طفل فقير إلى إمبراطور الرفاهية، ليصبح أغنى رجل في العالم. اكتشف الأسرار وراء إمبراطوريته ونجاحه المذهل!
From Craftsmanship to Billions: The Astonishing Rise of Bernard Arnault, the World's Richest Man
How did Bernard Arnault, a visionary entrepreneur, transform a traditional luxury brand into a multi-billion dollar empire? Discover the secrets behind his staggering net worth of $211 billion and the timeline of his incredible success.
Senators raise alarm over rising debt amid lack of roadmap for economic stability
ISLAMABAD: Members of the Senate from both sides of the aisle on Monday raised alarm over the burgeoning debt of Pakistan, sans a roadmap for economic stability. On June 12, the government presented the budget for FY27, allocating Rs8,054bn for interest payments. Speaking on the floor, PPP vice president and parliamentary leader in the Senate, Senator Sherry Rehman, pointed out that approximately 42.8 per cent of the federal budget was being absorbed by debt servicing, including both interest an...