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US and Iran are close to a deal to end their war, officials say
SpaceX soars 23% and makes Elon Musk the first trillionaire
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Keir Starmer says he's staying put after defense secretary's departure
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US stocks rise and SpaceX soars in Wall Street debut
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US and Iran are close to a deal to end their war, officials say
SpaceX soars 23% and makes Elon Musk the first trillionaire
The Trump Report: The Latest Updates
Keir Starmer says he's staying put after defense secretary's departure
Ukraine hits fuel supplies to Crimea, sparking a fuel crisis on the Russian-held peninsula
NEW YORK (AP) - U.S. stocks rose after oil prices fell again, and SpaceX soared 19.3% in its highly anticipated debut on Wall Street. The S&P 500 rose 0.5% Friday. The Dow added 0.7%, and the Nasdaq composite gained 0.3%. Stocks got a lift from a 3.4% drop for Brent crude oil's price, as hopes remain for a potential U.S.-Iran deal to get oil flowing globally again.
SEOUL, South Korea (AP) – South Korea’s ousted President Yoon Suk Yeol and his former defense minister were sentenced to 30 years in prison Friday in a case alleging Yoon ordered drone flights over Pyongyang in 2024 to heighten tensions with North Korea and justify declaring martial law at home.
DUBAI, United Arab Emirates (AP) – Iran ‘s stranglehold on the Strait of Hormuz may be easing – and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world’s oil and natural gas supplies once passed, has been effectively shut by Iran’s attacks on shipping since the start of the war in February.
NEW YORK (AP) – Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world’s first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful of major economies.
NEW YORK (AP) – Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker’s CEO Elon Musk the first-ever trillionaire. The shares opened at $150 and kept rising, reaching $166.90 around 12:.20 p.m. ET. That price gave the company a market value of $2.18 trillion.
DUBAI, United Arab Emirates (AP) – Iran ‘s stranglehold on the Strait of Hormuz may be easing – and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world’s oil and natural gas supplies once passed, has been effectively shut by Iran’s attacks on shipping since the start of the war in February.
ISLAMABAD (AP) – The United States and Iran are close to signing an agreement aimed at ending their war, three regional officials told The Associated Press on Friday. A senior U.S. official said the tentative deal includes terms for removing and destroying nuclear material from Iran.
LONDON (AP) – British Prime Minister Keir Starmer vowed Friday that he will fight to stay in office after the sudden resignation of his trusted defense minister left his shaky leadership weakened still further. Starmer has seen the departure of several junior and senior ministers in recent weeks.
A federal judge agreed Friday to extend a court-ordered block on the Trump administration’s creation and operation of a $1.8 billion settlement fund for compensating people who claim to be victims of a weaponized government.
WASHINGTON (AP) – President Donald Trump on Wednesday showed how he had learned to stop worrying about inflation and simply, in his own words, “love” it. Asked about the new report that the consumer price index in May had jumped 4.2% over the last year, the president took a surprisingly optimistic tack with the challenging news.
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