BUSINESS

Juneteenth, a federal holiday commemorating the end of slavery in the U.S., affects operations of banks, stock markets, and government offices, while most retailers and restaurants remain open.

Life360's stock rose 6.19% following a new Uber integration, enhancing its family safety platform. The company reported record financial results, with significant revenue and user base growth.

Rockstar Games has announced that pre-orders for Grand Theft Auto VI will begin on June 25, 2026, with the game launching on November 19, 2026, exclusively on current-generation consoles.

Elon Musk has become the world's first trillionaire following SpaceX's historic IPO, significantly widening the wealth gap with Jeff Bezos. Musk's diversified holdings have insulated his fortune from volatility.

Weebit Nano's stock rose 6.61% due to strategic partnerships, including a deal with Texas Instruments, and accelerating revenue growth, highlighting its potential in the semiconductor memory technology market.

Australian beef exports to China will incur a 55% tariff after surpassing the annual import quota, prompting producers to explore alternative markets and potentially reshaping global trade dynamics.

Adobe's Firefly AI platform receives significant updates, introducing new tools and capabilities to streamline creative workflows, enhance user experience, and integrate with Adobe's core creative applications.

4DMedical Ltd's stock surged 17.62% as the company expands its respiratory imaging technology across the U.S. and Europe, driven by regulatory clearances and commercial contracts.

Electro Optic Systems' shares surged 12.63% as the company prepares for ASX 200 inclusion, driven by strong order intake and investor enthusiasm. Recent capital raises and strategic acquisitions bolster growth prospects.

SpaceX's IPO initially soared, making it the fourth-most-valuable US company, but shares fell due to concerns over a $60 billion AI acquisition, highlighting market sensitivity to corporate actions.

Australia's ASX 200 fell sharply due to global market anxiety, driven by U.S. Federal Reserve signals and Middle East tensions, ending a recent winning streak for Australian equities.

GameStop is embroiled in a shareholder lawsuit over a $35 billion compensation package, a failed hostile takeover of eBay, and reports strong financial results, highlighting its complex investment narrative.

Robinhood experienced a service disruption, preventing users from trading during a major market rally driven by a new Intel-Apple partnership and a U.S.-Iran peace agreement, causing financial losses.

The Nasdaq Composite surged as Intel's partnership with Apple and a U.S.-Iran peace agreement boosted tech stocks, reversing losses from a Fed-driven selloff.

Wall Street rebounded as Intel and Apple announced a U.S. chip manufacturing partnership, boosting tech stocks. The Dow Jones rose 261 points, recovering from previous losses due to Fed projections.

Apple plans a major product launch in September 2026, unveiling the iPhone 18 Pro, Pro Max, and its first foldable iPhone, marking a strategic shift towards premium models and innovative technology.

Rory McIlroy criticises the PGA Tour's proposed two-track competition model, warning it could diminish the prestige of traditional tournaments. The plan aims to restore competitive meritocracy but faces resistance.

Meta platforms, including Facebook and Instagram, faced a significant outage affecting users worldwide. The disruption highlighted vulnerabilities in social media infrastructure, impacting businesses and individual users alike.

Following SpaceX's historic IPO, speculation mounts over a potential merger with Tesla. Analysts highlight synergies and challenges, while prediction markets assess the likelihood of a deal.

Elon Musk's net worth surpasses $1 trillion following SpaceX's IPO, marking him as the world's first trillionaire and spotlighting wealth concentration in the tech sector.

Activision and Treyarch are releasing PlayStation ports of Call of Duty: Black Ops and Black Ops II in July, offering fans modern access to these classic titles with potential enhancements.

OpenAI and Anthropic are preparing for major IPOs, potentially among the largest ever, as they compete to capitalise on the booming AI market and investor interest.

Apple plans to increase product prices due to a memory chip shortage caused by high AI demand, impacting iPhones, Macs, and iPads. Tim Cook describes the situation as a 'hundred-year flood.'

The S&P/ASX 200 index saw gains driven by biotechnology and resources sectors, with companies like Mesoblast and Deep Yellow leading due to interest in regenerative medicine and nuclear energy.

Biohaven Ltd. shares rose over 12% due to positive developments in its clinical pipeline, focusing on immunology, neuroscience, and obesity treatments, with analysts projecting significant upside potential.

Anthropic's Claude AI chatbot faced service disruptions due to surging demand, affecting users globally. The outages highlight infrastructure challenges as the AI model gains popularity.

South Korea's KOSPI index surpassed 9,000 points, driven by semiconductor demand and AI investments, marking a significant milestone in the global technology market.

Investors weigh NVIDIA's AI leadership against SpaceX's space ambitions, assessing risk-reward profiles in a market driven by transformative technologies. Both companies offer unique growth opportunities and challenges.

Elon Musk forecasts SpaceX could achieve $1 trillion in revenue by 2030, driven by Starlink and reusable rockets, despite facing technical, regulatory, and competitive challenges.