Business News

AM Business Notebook 

For: June 15, 2026

>>Ahead Of The Bell  

(New York, NY)  --  The opening bell rings this morning after stocks finished higher to end the week on Friday.  SpaceX's record IPO launch helped boost investor confidence.  Shares in the re-usable rocket company jumped 19-percent on Friday, closing at around 161-dollars as SpaceX made its big Nasdaq debut.  SpaceX's total valuation is now above two-trillion-dollars and CEO Elon Musk can say he's the world's first trillionaire.  At the closing bell, the Dow Jones Industrial Average gained 353 points to 51-202.  The S&P 500 added 37 points to 74-31.  The Nasdaq rose 79 points to 25-888. 

 

>>Fed To Announce Decision On Interest Rates This Coming Wednesday   

(Undated)  --  Coming up in the business week ahead, the focus will be on the Federal Reserve's looming interest rate decision.  The Federal Open Market Committee opens a two-day policy meeting on Tuesday with the announcement on rates coming Wednesday.  It will be the first meeting with new Fed Chairman Kevin Warsh at the helm after he replaced Jerome Powell.  Warsh has promised to bring "regime change" to the nation's central bank, although it's expected that the key interest rate will remain unchanged for now. 

 

>>Anthropic Suspends All Access To Mythos

(San Francisco, CA)  --  AI company Anthropic has disabled customer access to its AI model Mythos after the government ordered it to suspend all use by foreign nationals.  That's according to a statement from Anthropic Friday evening.  The move is the latest in a series of Trump administration actions targeting the company.  The broad order regarding Anthropic's Mythos 5 and Fable 5 models is one of the furthest-reaching actions the government has taken in response to the capabilities of an AI model.  Anthropic says the government cited "national security issues" in the directive.

 

>>UAW Members Ratify Contract With American Axle, Ending Three Rivers Strike

(Three Rivers, MI)  --  United Auto Workers employees at American Axle in Three Rivers, Michigan have ratified a new contract after a strike that lasted two weeks.  The new deal raises pay for employees hired before May 31st, 2012 by eight-dollars an hour immediately and that restores the pay cut they agreed to in 2008 during the Great Recession.  It also raises pay to 30-dollars an hour by 2030 and has no health care concessions for the next four years.  The UAW also says they gained more paid days off with the new contract.

 

>>Porsche Turns 'Toys Story 5' Characters Into Cars 

(Los Angeles, CA)  --  Porsche has reimagined Disney and Pixar's "toy Story" characters into luxury vehicles.  The automaker unveiled three one-of-one Porsche 911 models inspired by Woody, Buzz Lightyear and Jessie at the Los Angeles world premiere of Disney and Pixar's "Toy Story 5."  The custom cars were created by Porsche's Sonderwunsch department, German for "special wishes," which serves as the company's personalization program.  They will be sold as part of a charitable program benefiting Big Brothers Big Sisters of America, the American Red Cross and Starlight Children's Foundation. Porsche also partnered with Goodyear on custom "Lightyear" tires. 

 

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