Local Business
Monday, June 15, 2026 · Sun City
SpaceX Aims for $75 Billion IPO Following xAI Merger
SpaceX plans to raise $75 billion through an initial public offering after merging with xAI, positioning itself as the first of three anticipated mega-IPOs from artificial intelligence companies in 2024.
Asian stocks fall as tech concerns collide with Middle East tensions
Stock markets in Asia declined as investors sold technology holdings while Iran and Israel exchanged military strikes, sending oil prices into volatile trading.
Monday, June 15, 2026
U.S. inflation reaches 4.2%, highest rate in nearly two years
The inflation rate climbed to 4.2%, marking the steepest increase since early 2023. Workers and consumers report feeling financial pressure as their wage gains fall short of price increases.
Monday, June 15, 2026
Inflation Hits 3-Year High as Gasoline Prices Surge
Gasoline prices drove inflation to its highest level in three years last month, presenting economic challenges for policymakers and political implications as midterm elections approach.
Monday, June 15, 2026
U.S. inflation reaches 4% as gasoline prices climb sharply
Inflation surged to 4% in May, marking the highest rate in more than three years. Gasoline prices accounted for more than 60% of the monthly increase in the consumer price index.
Monday, June 15, 2026
SpaceX prepares for public stock offering
SpaceX is moving toward a stock market listing, a step that would transform the aerospace company's financial structure. The offering could significantly alter both the company's valuation and Musk's personal fortune.
Monday, June 15, 2026