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Adobe Stock Falls 13% on CFO Exit Despite Record Q2 Earnings, June 12
Adobe stock drops 13% to $202.89 despite beating Q2 earnings and raising guidance. CFO Dan Durn exits for Marvell as CEO search continues.
Australia’s July 1 Tax Cuts, Fuel Relief End: What Changes June 13
Australia’s July 1 changes include tax cuts up to $268, end of fuel excise relief, and tighter AML regulations for financial firms.
Shell Pauses $3B Buyback as ARC Acquisition Vote Nears, June 13
Shell pauses $3B buyback program from June 12 to July 14 ahead of ARC Resources acquisition shareholder vote. Stock trades at $85.71, down 0.40%.
Bank of Japan Raises Rates to 1%, Highest Level Since 1995
BOJ set to raise rates to 1% on June 16, the highest since 1995, as inflation and weak yen force tightening action.
Cash App Enters Telecom Space with $40 Unlimited Phone Plan on AT&T Network Targeting Young Users
Cash App is making a major move beyond digital payments and personal finance by launching a new wireless phone service. The company has introduced a $40 per month unlimited phone plan that operates on the AT&T network, marking its entry into the highly competitive telecommunications market. The launch represents one of the biggest expansions in…
Tesla (NASDAQ: TSLA) Pre-Market Hits $402.00 (+0.71%) as SpaceX IPO Order Book Closure Sparks Momentum
TSLA shares rose in pre-market trading to $402.00, marking a 0.71% increase as investor sentiment strengthened following news related to SpaceX IPO order book closure. The movement reflects renewed excitement across high-growth technology and space-related assets, which often influence Tesla’s market perception due to Elon Musk’s leadership across multiple companies. The rise in TSLA stock…
VIX Falls to 18.83 on Iran Ceasefire Hopes, June 12
VIX falls 15.3% to 18.83 as Iran ceasefire optimism drives risk-on rally. S&P 500 up 1.75%, oil prices fall, Treasury yields decline.
Mitsui Sumitomo Merger Targets ¥280B Profit by 2030, June 12
Mitsui Sumitomo Marine and Aioi Nissay Dowa merger targets ¥280B profit by 2030, reshaping Japan’s insurance competitive landscape.
SpaceX Debuts at $1.77 Trillion Valuation on Record $75B IPO, June 12
SpaceX raises record $75 billion in IPO at $135 per share, valuing the company at $1.77 trillion. Trading begins June 12 under ticker SPCX on Nasdaq.