Business News

Can I buy shares in Elon Musk's SpaceX?

June 04, 2026 • BBC Business

Summary

SpaceX, Elon Musk's space exploration company, will start selling shares to the public through an Initial Public Offering (IPO) on June 12. The company hopes to raise at least $75 billion to fund current projects and new ambitions like Mars colonization and space-based AI centers. Shares will be traded on the Nasdaq stock market, available to both large investors and individuals.

Key Facts

SpaceX is currently privately owned by Elon Musk and other investors.
The IPO will offer over 550 million shares at an initial price of $135 each.
SpaceX aims to raise $75 billion, potentially valuing the company around $1.75 trillion.
The company works on space exploration, satellite communication, social media platform X, and an AI platform called Grok.
SpaceX made $18.6 billion in revenue last year but had a net loss of $4.9 billion.
Shares will be traded on Nasdaq, a U.S. stock market focused on technology companies.
Investors include large institutions and individual buyers via investment platforms.
SpaceX warns it has a history of losses and may not become profitable soon.

Read the Original

Want the full story? Tap a source to open the original article.

BBC Business BBC Top Stories BBC US

America’s oceans need protection, not politics

June 04, 2026 • The Hill

Summary

The MARA Act aims to create clear, science-based rules for aquaculture research and development in U.S. federal waters. This approach would provide steady guidelines instead of changing policies based on different government administrations.

Key Facts

The MARA Act focuses on aquaculture, which is farming fish and other sea life.
It targets activities in federal waters, areas controlled by the U.S. government.
The act proposes using scientific information to set rules.
The goal is to have consistent regulations over time.
This would reduce changes caused by different political administrations.
The act supports research and development in ocean farming.
Clear regulations could help protect America’s oceans while promoting sustainable use.

Read the Original

Want the full story? Tap a source to open the original article.

The Hill

Hinge boss on her green and red flags in life

June 04, 2026 • BBC Business

Summary

The head of the dating app Hinge shared her thoughts about positive and negative signs in life during a recent interview. She spoke about these "green and red flags" in personal and professional situations.

Key Facts

The article features the leader of the dating app Hinge.
She discussed what she considers good ("green flags") and bad ("red flags") indicators in life.
The topic was covered in a short interview episode.
The full episode can be heard on BBC Sounds.
The interview focused on personal experiences and advice related to relationships and life choices.

Read the Original

Want the full story? Tap a source to open the original article.

BBC Business

Kane Parsons talks "Backrooms" success and why he doesn't want to embrace AI

June 04, 2026 • CBS News

Summary

Kane Parsons, a 20-year-old director, made history with his horror film "Backrooms," which had the biggest opening ever for an original horror movie. He became the youngest director to lead the box office. Parsons also shared why he is reluctant to use artificial intelligence (AI) in his work.

Key Facts

Kane Parsons is 20 years old.
His film "Backrooms" had the largest opening weekend for an original horror movie.
Parsons is the youngest director to have a movie top the box office.
He gave an interview on "CBS Mornings" about his film’s success.
Parsons explained where he got the idea for the film.
He said he does not want to use AI in his creative process.
The interview was available on the CBS News app and website.

Read the Original

Want the full story? Tap a source to open the original article.

CBS News

Gas prices are falling. Will it last? Experts explain

June 04, 2026 • ABC News

Summary

Gas prices in the U.S. have recently dropped to an average of $4.26 per gallon after reaching a peak in May. This decrease happened because oil prices fell due to lower demand and hopes for an agreement to reopen a key shipping route disrupted by the Iran war.

Key Facts

Gas prices fell by 30 cents (6.5%) since May 21 but remain much higher than before the Iran war began.
The national average price per gallon was $4.26 on June 3, 2026.
California has the highest gas prices in the U.S. at about $5.99 per gallon; Georgia has the lowest at around $3.79.
The Iran war led to the closure of the Strait of Hormuz, which carries about one-fifth of the world’s oil supply.
Oil prices fell to around $86 per barrel, a 20% drop over ten days, helping bring gas prices down.
The U.S. produces more oil than it uses but still faces global oil price changes due to international supply and demand.
Experts warn that if the war continues, oil and gas prices could rise again, possibly above $5 per gallon next month.
Gas sellers are currently making higher profits per gallon, which could allow prices to stay steady or even fall more despite oil costs.

Read the Original

Want the full story? Tap a source to open the original article.

ABC News

List of US Airline Routes Cut Amid Rising Fuel Costs

June 04, 2026 • Newsweek

Summary

Several U.S. and international airlines are cutting some flight routes temporarily due to rising jet fuel prices caused by the ongoing conflict involving Iran. These route reductions aim to manage higher operating costs and may lead to fewer direct flights and possibly higher ticket prices for travelers.

Key Facts

American Airlines is temporarily suspending six domestic routes mainly linked to California for August and September, but none will be cut indefinitely.
Air Canada is cutting some routes from June 1, with plans to resume certain flights as late as 2026 and 2027.
Delta is reducing four routes, citing various reasons including costs, not just fuel prices.
United Airlines plans to cut about 5% of its planned flights due to sustained high jet fuel costs linked to the Iran conflict.
Jet fuel normally makes up 25% to 30% of airlines’ costs, so price jumps have a big impact.
Airlines are managing higher fuel costs by cutting less profitable routes, increasing ticket prices or adding fuel surcharges, and raising fees like baggage charges.
The conflict involving Iran has disrupted oil markets, causing sharp rises in jet fuel prices worldwide.
These changes reflect wider industry struggles with profitability due to increased fuel costs.

Read the Original

Want the full story? Tap a source to open the original article.

Newsweek

What's the mortgage interest rate forecast for summer 2026? Here's what some experts predict.

June 04, 2026 • CBS News

Summary

Mortgage interest rates are expected to stay around the mid-6% range this summer, according to experts. Factors like inflation, global events, and economic conditions will influence whether rates remain stable, increase, or decrease.

Key Facts

Fixed mortgage rates averaged about 6.3% in March and April 2026.
Experts predict mortgage rates will likely stay steady over the summer with only small changes possible.
Inflation in the U.S. is currently 3.8%, higher than last year's 2.3%, keeping mortgage rates elevated.
High inflation causes investors to demand higher returns, which pushes mortgage rates up.
If inflation rises or economic data is stronger than expected, mortgage rates could go higher.
Geopolitical issues, such as the war in the Middle East and rising oil prices, may also raise mortgage rates.
A decrease in inflation could lead the Federal Reserve to lower rates, potentially reducing mortgage rates.
Despite some hope for lower rates, experts believe a drop in mortgage costs this summer is less likely.

Read the Original

Want the full story? Tap a source to open the original article.

CBS News

Pharmaceutical industry becomes geopolitical battleground as US threatens tariffs

June 04, 2026 • France24

Summary

The United States, under President Trump, is using trade policies to support its drug companies by threatening tariffs on foreign manufacturers and pushing for lower drug prices at home. Experts warn these moves could raise drug costs in other countries and harm the global pharmaceutical industry.

Key Facts

The US government wants to promote the independence of American drugmakers.
President Trump’s administration has threatened tariffs on foreign drug companies or countries.
A recent trade deal between the US and the UK could nearly double prices for new drugs in the UK.
The increased drug prices may harm other parts of healthcare systems by using up their budgets.
Experts say worldwide pricing of pharmaceuticals needs better agreements to avoid high costs.
France plans to reimburse some weight-loss drugs, showing growing interest in new medicines.
There is concern that access to costly new drugs should be fair and not based on who can pay.
The pharmaceutical industry is part of growing international trade and political tensions.

Read the Original

Want the full story? Tap a source to open the original article.

France24

Alarm as once-eradicated flesh-eating parasite found in calf in Texas

June 04, 2026 • Guardian World

Summary

A harmful parasite called the New World screwworm fly has been found in a calf in Texas for the first time since the 1960s. This parasite was previously eliminated in the U.S. but is now moving north from Mexico, raising concerns for the cattle industry and beef prices.

Key Facts

The New World screwworm fly larvae feed on the blood and flesh of warm-blooded animals.
It was eradicated in the U.S. in the 1970s after causing major economic losses.
The parasite was found in a calf about 50 miles from the Mexico border in Texas.
Officials fear it could spread quickly where many cattle and livestock are kept.
The USDA has released billions of sterile flies to control the parasite, but it still moved over 1,100 miles from southern Mexico to Texas.
The Texas case is the only confirmed detection this year and the first in the state since 1966.
A new sterile fly breeding facility is being built in Texas to help fight the parasite.
The screwworm fly is not a threat to food safety but may affect livestock populations and raise food costs.

Read the Original

Want the full story? Tap a source to open the original article.

Guardian World Guardian US

Financier Lex Greensill banned from running UK companies for nine years

June 04, 2026 • Guardian World

Summary

Lex Greensill has been banned from running companies in the UK for nine years due to his role in the collapse of his supply chain finance firm, Greensill Capital, which owed over £1.6 billion. The ban followed a government investigation that found Greensill acted without proper care, causing significant financial losses to investors like Credit Suisse.

Key Facts

Lex Greensill agreed to a nine-year ban from running UK companies, avoiding a trial that was set for June 8.
Greensill Capital, his finance company, collapsed in March 2021 with debts over £1.6 billion.
The company lent money based on unpaid invoices but failed to protect investors properly.
Credit Suisse lost $440 million due to Greensill’s actions, later needing a rescue from UBS.
Former UK Prime Minister David Cameron lobbied for Greensill Capital to join a government scheme, which was criticized as showing poor judgment.
Greensill’s ban is longer than average and reflects serious issues in his management.
Greensill denies acting dishonestly or in bad faith.
Separate legal actions and investigations related to Greensill Capital and its financing arrangements are ongoing.

Read the Original

Want the full story? Tap a source to open the original article.

Guardian World

Amazon expands ultra-fast deliveries in UK and adds same-day fruit and veg

June 04, 2026 • Guardian World

Summary

Amazon is growing its fast delivery service in the UK by adding fresh fruit and vegetables to same-day deliveries. The company is expanding ultra-fast delivery to more cities and offering grocery delivery as a free option for Amazon Prime members.

Key Facts

Amazon is expanding its Amazon Now delivery service, which delivers within 30 minutes, to Manchester and Birmingham in 2024.
Same-day delivery service will also reach Ipswich and Coventry this year.
London shoppers can add fresh groceries like fruit, vegetables, meat, and dairy to same-day deliveries.
This grocery delivery option is free for Amazon Prime members on orders over £20; non-members pay £5.99 per delivery.
Amazon closed its standalone Amazon Fresh stores in the UK and is focusing more on online grocery sales and its Whole Foods business.
The company plans to invest £40 billion in the UK from 2025 over three years.
Amazon is working with UK grocery chains like Morrisons, Iceland, Co-op, and Gopuff to expand fresh grocery delivery options.
Amazon’s Darlington fulfillment center is testing drone deliveries as part of its Prime Air service.

Read the Original

Want the full story? Tap a source to open the original article.

Guardian World Guardian Tech Guardian Business

Are you owed money? Check these 11 settlements

June 04, 2026 • The Hill

Summary

The article lists 11 legal settlements that may entitle some people to receive money. It encourages readers to check if they qualify to claim any payments.

Key Facts

There are 11 different settlements currently available.
Some people might be owed money from these settlements.
Readers are advised to check if they qualify to receive money.
Settlements usually come from legal cases where money is set aside for affected individuals.
Claiming money typically involves submitting a form or proof of eligibility.
The article aims to help readers find extra cash they might not know about.
These settlements could be related to consumer rights, refunds, or other legal agreements.

Read the Original

Want the full story? Tap a source to open the original article.

The Hill

New World screwworm confirmed in Texas, stoking fresh cattle fears

June 04, 2026 • Axios

Summary

The New World screwworm, a harmful cattle pest, has been found in Texas for the first time in 60 years. The U.S. Department of Agriculture is responding by quarantining and treating infected animals to protect the cattle industry, which is already facing challenges like drought and high beef prices.

Key Facts

New World screwworm larvae, which harm cattle, were discovered in Zavala County, Texas.
This pest had been eradicated in the U.S. for about 60 years before this case.
The USDA launched an emergency response including quarantine and treatment, not culling animals.
The pest had been spreading northward from Mexico before reaching Texas.
Beef prices are at record highs, partly due to drought, high feed costs, and steady demand.
The pest rarely affects humans but can cause serious sores if it does.
The USDA is sending treatment supplies and releasing sterile flies to control the pest.
The cattle industry is concerned about possible losses and reduced consumer demand due to the infestation.

Read the Original

Want the full story? Tap a source to open the original article.

Axios

Home Prices Suffer Sharpest Drop in 9 Years: Map Shows Worst-Hit Cities

June 04, 2026 • Newsweek

Summary

U.S. home asking prices are falling at their fastest rate in nearly nine years, with the median listing price dropping for seven months in a row. High mortgage rates, limited affordability, and geopolitical issues like the Iran war are reducing buyer demand and causing sellers to lower prices across many cities.

Key Facts

The national median listing price fell 2.4% year-over-year to $429,500 in May, the steepest drop since 2017.
Median price per square foot dropped 2.5% and declined in 35 of the 50 largest U.S. metro areas.
Memphis saw the largest price drop at 13%, followed by Buffalo (-11.6%), Austin (-9.5%), and Los Angeles (-7.9%).
Price declines reflect both slowing markets and lower buyer demand due to affordability and uncertainty.
High mortgage rates and inflation contribute to buyers pulling back or being more cautious.
Experts do not expect a housing market crash this year but foresee a slow, sluggish market.
Challenges include affordability, homeowners postponing selling, and slower new home construction.
Market slowdowns vary by region, influenced by factors like pandemic-era boom effects and local economic conditions.

Read the Original

Want the full story? Tap a source to open the original article.

Newsweek

Full List of Countries Hit by New U.S. Tariffs—What It Means for Your Money

June 04, 2026 • Newsweek

Summary

The U.S. government has proposed new tariffs between 10% and 12.5% on imports from 60 countries. The goal is to pressure these countries to stop selling products made with forced labor, but the tariffs could also raise prices for many everyday goods in the U.S.

Key Facts

The U.S. Trade Representative put forward the tariff plan on June 2.
Tariffs would apply to major trading partners such as China, the European Union, Japan, and the United Kingdom, as well as 56 other countries.
The tariffs are meant to target goods connected to forced labor, encouraging countries to enforce bans on such imports.
Countries with some enforcement face a 10% tariff; those with little or no enforcement face a 12.5% tariff.
Tariffs act like taxes on imports and often lead to higher prices for consumers.
Products affected may include electronics, clothing, household goods, and car parts.
The U.S. aims to pressure governments to improve labor standards rather than directly increase costs for American shoppers, but prices could rise due to added import costs.
Economists note that tariffs commonly lead to increased consumer prices as businesses pass costs down the supply chain.

Read the Original

Want the full story? Tap a source to open the original article.

Newsweek

UK car sales hit post-Covid high as Chinese EV makers gain ground

June 04, 2026 • Guardian World

Summary

Car sales in the UK rose in May to their highest level for that month since before the Covid pandemic. This growth was helped by strong sales of electric vehicles, especially from Chinese manufacturers like BYD and Chery, alongside increased demand from British buyers.

Key Facts

UK car sales in May increased by 7% to 160,662 vehicles.
Sales of battery electric cars grew the fastest, making up over 27% of the market.
Chinese car brands Chery and BYD sold 8,200 and 5,200 cars respectively in May.
BYD’s sales doubled, and Chery’s sales increased four times in the first five months of the year.
MG, owned by China’s SAIC, also saw sales rise 13% to almost 7,500 cars.
Tesla’s UK car sales increased by 45% in May, although yearly sales growth was only 3%.
Increased fuel prices and government grants have boosted electric car demand in the UK.
Industry groups want the UK government to reconsider electric car sales targets to help manufacturers meet net zero goals.

Read the Original

Want the full story? Tap a source to open the original article.

Guardian World

Good riddance to the SEC’s climate disclosure requirement

June 04, 2026 • The Hill

Summary

The article discusses the political challenges facing climate-related rules set by the U.S. Securities and Exchange Commission (SEC). It notes that many Americans are more concerned about economic growth and healthcare costs than climate issues.

Key Facts

The SEC had proposed rules requiring companies to disclose information about climate risks.
There is opposition to these climate disclosure rules from some political groups.
Many Americans prioritize economic growth and healthcare over climate policies.
Climate warnings often predict serious problems within about ten years but have been ongoing for decades.
The article suggests the climate crisis narrative is losing support amid other pressing public concerns.

Read the Original

Want the full story? Tap a source to open the original article.

The Hill

Best Cancer Care: Why Nonprofit Hospitals Are a Top Choice

June 04, 2026 • Newsweek

Summary

A recent ranking for cancer care shows that nonprofit specialized cancer hospitals in the U.S. are among the best in the country. These hospitals reinvest money into patient care, research, and new treatments, helping them lead in improving cancer treatment.

Key Facts

All 11 nonprofit cancer hospitals exempt from Medicare's payment rules rank in the top 75 for cancer care.
These nonprofit centers focus solely on cancer and do not aim to make profits for shareholders.
Money made by these hospitals goes back into research, patient care, and developing new treatments.
Nonprofit cancer centers often provide access to clinical trials with new therapies not available elsewhere.
General hospitals and academic medical centers also rank highly, showing quality cancer care is available broadly.
Experts say the nonprofit model allows hospitals to prioritize patient outcomes and scientific progress.
Specialized cancer centers focus their entire mission on cancer treatment, from research to supportive care.
The ranking was done by Newsweek and Statista based on performance and patient experience data.

Read the Original

Want the full story? Tap a source to open the original article.

Newsweek

Disney racks up $4.2bn deficit on Paris parks

June 04, 2026 • Guardian World

Summary

Disney’s Disneyland Paris has not recovered $4.2 billion of its investment since it opened in 1992, despite now being its best-performing park outside the U.S. The company recently completed a $2.5 billion expansion and reported strong revenue and profit growth, but the park’s long history includes significant debt and losses.

Key Facts

Disneyland Paris opened in 1992 and attracts about 16 million visitors yearly.
The site is large, covering 5,510 acres, nearly a fifth of the size of Paris.
Disney owns 100% of the resort now, after buying out public shareholders in 2017.
Euro Disney, the parent company, had a $4.2 billion deficit due to its large size and early loan financing.
The park’s revenue reached $4 billion for the year ending September 2025, up 8.4% thanks to dynamic pricing.
Euro Disney has only made a net profit 13 times since opening and faced losses totaling $3.7 billion.
The park struggled from high ticket prices, cultural differences, economic recessions, and terrorist attacks in Paris.
Since taking full ownership, Disney has worked to reduce debt and improve profitability.

Read the Original

Want the full story? Tap a source to open the original article.

Guardian World Guardian Business

Scott Pelley, star of 60 Minutes, stood up for his principles and lost his job | Margaret Sullivan

June 04, 2026 • Guardian US

Summary

Scott Pelley, a longtime correspondent for 60 Minutes on CBS, was fired after he criticized CBS News leadership in a staff meeting. The new management, led by Bari Weiss, has made significant changes at CBS News, causing unrest among staff and concerns about the news program's direction.

Key Facts

Scott Pelley worked at CBS for over 30 years and was a key correspondent on 60 Minutes.
Pelley was fired “for cause” after openly criticizing CBS News management.
Bari Weiss, with no broadcast TV experience, was hired last year as the top editor of CBS News.
Weiss has made changes that some say damaged editorial independence and led to key reporters leaving.
Anderson Cooper chose not to renew his contract during this period of change.
Pelley accused new management of pushing political bias and falsehoods in stories.
Weiss is seen by critics as moving CBS News toward a right-leaning political stance.
Staff members applauded Pelley’s remarks during the meeting when he expressed his concerns.

Read the Original

Want the full story? Tap a source to open the original article.

Guardian US

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

This is what the news should feel like.

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts

Summary

Key Facts