Local Business
Wednesday, June 17, 2026 · Juneau
Rent-to-Own Sector Reaches $11.8 Billion as 6.7 Million Households Participate
The rent-to-own industry generated $11.8 billion in revenue during 2025 while serving 6.7 million U.S. households, according to a new industry health survey. The findings reflect growing consumer participation in lease-purchase arrangements as an alternative to conventional mortgage financing.
U.S. Inflation Reaches 3-Year High as Energy Costs Surge
The Labor Department reported that inflation climbed to 4.2% in May, its highest level in three years, with energy costs accounting for more than 60% of the increase. Core inflation, which excludes food and energy, rose 2.9%.
Wednesday, June 17, 2026
Justice Department Clears Warner Bros. Merger with Paramount
The U.S. Justice Department approved Warner Bros.' acquisition of Paramount, removing a final regulatory hurdle for the $111 billion merger. The deal combines two studios that together control HBO, CNN, and other major media properties.
Wednesday, June 17, 2026
SpaceX begins trading on NASDAQ following record initial public offering
SpaceX shares started trading on the NASDAQ following the company's initial public offering. The listing made founder Elon Musk the world's first trillionaire and transformed numerous current and former employees into multi-millionaires.
Wednesday, June 17, 2026
SpaceX Sets IPO Price at $135 per Share, Valuing Company at $1.77 Trillion
SpaceX priced its initial public offering at $135 per share, reaching a valuation of $1.77 trillion. The offering marks the largest IPO in history.
Wednesday, June 17, 2026
SpaceX raises $75 billion in initial public offering
SpaceX completed its initial public offering, raising $75 billion and joining the ranks of the world's most valuable companies. The offering marks a significant milestone for the aerospace and AI firm founded by Elon Musk.
Wednesday, June 17, 2026
SpaceX Raises $75 Billion in Record IPO
SpaceX completed the largest initial public offering on record, raising $75 billion and sending its stock up 19% in its first day of trading. The offering positions the company among the world's biggest public corporations.
Wednesday, June 17, 2026