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Ticker: Musk’s SpaceX set to make Wall Street debut

Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday. Both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk is already the world’s richest man and he could become its first trillionaire. Musk says the company is going public because it needs money to fund its ambitions of putting satellites and data centers in space. US producer prices spike in May U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices. The Labor Department ...

US stocks jump to best day in over two months

NEW YORK — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, ...

FBI agents seize evidence at Calif. aerospace facility

LOS ANGELES — Federal authorities served a search warrant on Wednesday at a Southern California aerospace facility where a chemical tank overheated last month, forcing 50,000 residents to evacuate. The warrant signed by a federal judge last week approved the seizure of documents and records ...

Briefcase: Dental training center being established

JOHNSTOWN The University of Pittsburgh School of Dental Medicine, Hyndman Area Health Centers and Conemaugh Memorial Medical Center are partnering to establish a Regional Training Center in Johnstown, the third location to offer Pitt dental training and care in rural Pennsylvania communities. The center will train general practice dental residents, dental hygienists and dental assistants. Patients will be able to receive routine dental care at the new Regional Training Center in Johnstown beginning in July 2027. Hyndman Area Health Centers, a Federally Qualified Health Center, will ...

Honda recalls 880,000 cars for rear suspension

Honda is recalling more than 800,000 vehicles because rear suspension components may fail and cause drivers to lose control, increasing the chances of a crash or injury. American Honda Motor Co. said the recall covers certain 2016-2022 Honda Pilot, 2017-2023 Ridgeline, 2019-2023 Passport and 2014-2020 Acura MDX vehicles. The recall includes 880,514 vehicles. Honda has had no warranty claims and no reports of an injury or death related to the problem. Honda and Acura dealers will inspect the rear subframe and install a reinforcement kit if necessary, or repair or replace the rear ...

Ticker: SpaceX wants investors to help its stock launch

When SpaceX makes its debut on the U.S. stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever. Elon Musk’s rocket company, formally known as Space Exploration Technologies Corp., is steering some of its initial public offering of stock directly to what are called retail investors. These are people who buy stocks in a brokerage account on their phone, not big pension funds or other big institutional investors that send orders to their professional trading desks. Before they click ‘buy,’ they need to be aware of the ...