Wednesday, June 24, 2026

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SpaceX reveals plan for $1.75tn stock market debut that could make Musk a trillionaire

SpaceX unveiled its plans to list publicly on the US stock market Wednesday, disclosing its investor prospectus and revealing details about its financials for the first time. Elon Musk’s rocket and satellite operations company will go publicon the Nasdaq...

Nvidia’s revenue blows past Wall Street expectations as AI boom accelerates

Nvidia continued its years-long streak of beating Wall Street’s expectations for growth on Wednesday, reassuring most investors that the AI boom, particularly the global explosion of datacenters, will continue apace. “The buildout of AI factories – the largest infrastructure expansion...

Starbucks does not recycle plastic cups it claims are ‘widely recyclable’, report says

If you attach a GPS tracker to a “widely recyclable” plastic Starbucks cup and drop it in an in-store recycling bin, you might expect it to end up in a recycling plant, but environmental watchdog organization Beyond Plastics says...

James Murdoch to acquire half of Vox Media in deal reportedly worth $300m

James Murdoch, second son of publishing giant Rupert Murdoch, has agreed to acquire some of Vox Media’s assets, including New York Magazine, in a deal believed to be worth about $300m. The 53-year-old publishing scion is acquiring the assets through...

US employers spend more than $1.5bn a year to fight labor unions, report finds

US employers spend more than $1.5bn a year on labor union opposition efforts, according to a report published on Wednesday by the Economic Policy Institute (EPI). Employers spent company money hiring consultants and law firms specializing in union avoidance and...

EU agrees to implement US trade deal struck last summer

The EU has finally agreed to implement its trade deal with the US after five hours of talks between members of the European parliament and member states in the hope of averting more tariffs threatened by Donald Trump. It means...

Paramount expresses support for CBS News leader Bari Weiss amid criticism

CBS News’ parent company, Paramount, is standing by CBS News’ editor in chief, Bari Weiss, amid a torrent of controversies and lagging ratings on some programs. The network released a statement supporting her after a report that senior leadership at...

Son of Mango fashion chain founder arrested in Spain over father’s death

The son of Isak Andic, the founder of the fashion chain Mango, has been released on bail of €1m (£866,000) after being arrested and questioned in connection with his father’s death in Catalonia almost 18 months ago. Andic died in...

Fears of new China shock as EU industry’s reliance on imports grows

Europe is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representatives have said. They fear the plunging exchange rate and support for...

How Sam Altman’s victory over Elon Musk clears way for OpenAI’s trillion-dollar ambitions

On Monday morning, a jury in Oakland, California, handed a resounding victory to Sam Altman and OpenAI in their long, bitter courtroom battle with Elon Musk. The federal jury found Altman, OpenAI and its president, Greg Brockman, not liable for...
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McKinsey surveyed C-suite executives and found they believed only 4% of their staff used AI for at least 30% of daily work; the real...

McKinsey’s 4-to-13 per cent comparison is a small statistic with a larger organisational message: some executives are measuring workplace...
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