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Ticker: Outlook for SpaceX remains mixed

Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk’s rocket market appear to be earthbound. Many of the investment firms that underwrote SpaceX’s initial public offering issued their first research notes about the company Tuesday, and almost all recommended that investors buy the stock and forecast it to trade above $200 in the next 12 to 18 months. But after topping $200 in its first week of trading, the stock is trading around $150 per share, roughly where it opened on June 12, its IPO day. AI stocks sink and drag markets lower worldwide The ...

Airlines redesign journeys around high-paying travelers

They may arrive at the same destination, but two passengers on the same flight can have strikingly different travel experiences. One traveler breezes through a priority security lane and heads straight to an invite-only lounge for craft cocktails and a chef-prepared meal before boarding early. A flight attendant offering a glass of champagne and a warm hand towel welcomes the passenger to a spacious seat at the front of the plane. The other traveler stands in a line at every step — security screening, a cafe selling $16 sandwiches, a crowded gate — then boards with one of the final ...

Nonprofits, brands search for balance in partisan 250th

NEW YORK — The United States’ 250th birthday carries ambitions to galvanize Americans behind nationwide community-service drives and patriotic brand launches. Well-known U.S. nonprofits hope to inspire a record-setting level of volunteerism, while major companies such as Walmart and ...

Rebounding AI stocks fuel S&P 500

NEW YORK — A rebound for AI stocks lifted the U.S. market on Monday. The S&P 500 rose 0.7% and pulled back within 1% of its all-time high, even though the majority of stocks within the index fell. The strength for companies in the artificial-intelligence technology industry sent the Nasdaq composite 1.1% higher, and the Dow Jones Industrial Average rose 155 points, or 0.3%, to a record. AI stocks have swung sharply in recent weeks on worries that their prices shot too high. Doubts are rising about whether all the dollars flowing into AI chips and data centers can possibly create ...

Ticker: Trump says Walmart cut prices at his request

President Donald Trump is claiming credit for Walmart’s recent price cuts, though the retailer’s statement doesn’t mention his administration’s involvement. Trump faces backlash over inflation, which rose after his tariffs and the Iran war’s impact on energy costs. He blames Democrats for the ongoing issue. In a social media post Monday, Trump says Walmart lowered prices at his request to celebrate the nation’s 250th birthday. However, Walmart’s statement describes the cuts as a seasonal strategy, with no mention of government interaction. Inflation has climbed 4.2% over ...

Bankruptcies

The following people have made filings in U.S. Bankruptcy Court in Pittsburgh. Chapter 7 involves selling assets to pay debts. Chapter 13 is a plan to pay debts using income. Chapter 11 involves reorganization to pay off debt. Filings by county include: Blair County Gregory L. Kline Jr. and Kimberly S. Alley-Kline. Chad D. and Kristen S. Arnold. Chapter 7. May 29. Tammy L. Grove. Chapter 7. May 29. Alicia M. Jones. Chapter 7. May 29. Christopher L. Gates. Chapter 13. May 29. Cambria County Charles T. Fisher. Chapter 13. May 28. Christopher D. Yeckley. Chapter ...