2026-06-12

Brent crude hit crisis lows as Trump said a deal was close. Strait of Hormuz could reopen this weekend, traders reasoned. For once, optimism moved the market the right direction.

The IPO landed Friday morning. Musk is now the first person worth $1 trillion on paper. How long that lasts depends entirely on where SpaceX stock opens Monday.

Elon Musk's aerospace firm will likely shatter records in its trading debut.

Trump says strikes are called off as negotiations near a finish. Tehran denies any agreement is near. Legal experts question whether prior U.S. targets may constitute violations of law.

The $110 billion merger won Justice Department approval Friday. No antitrust challenge. Consolidation continues.

U.S. District Judge John McConnell chastised the administration for ignoring last week's ruling. The pause followed a deadly shooting involving National Guard officers. The court wants applications moving again. The administration says it will appeal.

Senate Republicans are fast-tracking Jay Clayton for the top intelligence job. Washington is anxious over a temporary lapse in spy powers. The Intelligence Committee scheduled a vote immediately.

The public market debut of Musk's rocket-and-AI company raised $75 billion. On paper, Musk now has more wealth than most nations.