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SpaceX CEO Gwynne Shotwell and executives ring the Opening Bell at the Nasdaq on June 12th, 2026.Adam Jeffery | CNBCSpaceX shares jumped in premarket trading on Monday following its record-breaking debut last week on the Nasdaq, which marked the biggest initial public offering in history.Shares of SpaceX were around 6% higher at the start of premarket trading, hovering around the $170 mark. SpaceX jumped 19% on Friday with the stock closing at $161 after being priced at $135 per share. That put the company’s market capitalization above $2 trillion. Elon Musk’s space company operates the Starlink satellite internet service and…

Menswear’s post-punk informal normcore from the mid-1990s is to modern streetwear what 1950s Ivy League is to 1960s prep, mod, and rock: a singular starting point from which later varieties and sub-species of wearable culture would branch. This Undercover collection—very Larry Clark, Jenny Holzer, ’90s skate and grunge, with a trace of surf—seemed to hark nostalgically back to a moment when generic brands and garment types, from Gap and Dickies to stadium jackets and check flannel shirts, were fixed in time by the experience-shaped attitude of their Gen-X wearers.Yet this being Undercover, the collection came with undercurrents, undertones, and what…

President Donald Trump has warned France must scrap a 3% tech “sales tax” or face 100% tariffs on U.S. imports of its wines and champagne, the NY Post reported Monday.The president issued the threat ahead of this week’s G7 summit in Évian-les-Bains, France.”I asked [President Emmanuel Macron] not to charge American companies, and if they do, I have no choice but to charge a 100% tariff on all champagnes and all wines coming out of France,” Trump told the Post.The digital services tax, approved by French lawmakers in 2019, involves a 3% levy on gross revenues generated in France by large…

June 16 is World Refill Day. You would be forgiven for not knowing about it — the annual initiative, spearheaded by French beauty giant L’Oréal, is still in its infancy. Created in 2024, it’s part of an uphill battle to curb waste and make refillable beauty a reality.“Ultimately, we are trying to create a market where there isn’t one,” says Ezgi Barcenas, chief corporate responsibility officer at L’Oréal Group. “We will do that by putting refillable products on shelves; educating customers about the benefits and the fact that it doesn’t compromise on desirability or performance; and identifying the right price…

SpaceX President and Chief Operating Officer Gwynne Shotwell celebrates with family and other SpaceX employees at the Nasdaq Marketsite in in New York after the SpaceX initial public offering on June 12, 2026.Spencer Platt | Getty Images News | Getty ImagesDays after Elon Musk’s SpaceX made its debut on the Nasdaq, much ink has been spilt over the company, the valuation, and its place in the burgeoning tech space. The company’s stratospheric IPO has made founder Elon Musk the world’s first trillionaire, and if the first day’s price action is anything to go by, investors are still very optimistic. SpaceX…

Last week, guests including creative director Terrence O’Connor, gallerist Hannah Traore, and actor Yesly Dimate spent two days in New York’s Adirondack mountains. They were at Camp Crew, the adult summer camp that’s the backdrop for J.Crew’s latest brand trip and campaign. Chief marketing officer Julia Collier conceived the concept — but she didn’t join the guests for the canoe races, dockside swims, and sunset boat rides.“What we found with the Italy trip [last summer] was that not having an official brand representation there allowed for people to connect in a way more authentic way,” Collier says. “I felt quite…

The American flag flies behind a Wall Street sign near the New York Stock Exchange (NYSE) in New York City on April 22, 2026. Angela Weiss | Afp | Getty ImagesAsian stocks rallied Monday while oil prices tumbled after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict, prompting investors to unwind some of the geopolitical risk premium that has dominated markets since February.The strongest reaction was seen in energy markets. U.S. crude oil futures for July delivery were down 4.77% to $80.83 per barrel by 8:27 p.m. ET. Brent futures, the…

On Saturday night, the New York Knicks beat the San Antonio Spurs to win the team’s first NBA championship in 53 years. As the Knicks celebrated on the court in San Antonio, the city that never sleeps lived up to its name, partying in honor of the Knickerbockers.Amid the melee in the streets was Ramell-Correen Frederick, known to his friends as “Cheeks.” He was sitting outside the Habana Outpost restaurant on Fulton and South Portland in Fort Greene, Brooklyn, working away on a vintage embroidery machine. Cheeks, a textile artist and denim tailor by trade, spent all night making custom…

Keir Starmer, UK prime minister, left, works with Sanae Takaichi, Japan’s prime minister, at 10 Downing Street in London, UK, on Sunday, June 14, 2026. Andy Rain | Bloomberg | Getty ImagesWorld leaders welcomed the U.S.-Iran agreement to end the Middle East war, with some European nations reportedly signaling they were prepared to lift sanctions on Tehran in exchange for the country taking steps to curb its nuclear program.After more than three months of war, the U.S. and Iran reached a deal on Sunday that would bring an immediate and permanent end to the conflict, according to Pakistan’s Prime Minister…

U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 11, 2026. Daniel Heuer | ReutersThe U.S. and Iran have agreed on a deal to bring their nearly four-month war to an end, with both sides declaring the immediate and permanent termination of military operations on all fronts, including in Lebanon, Pakistan Prime Minister Shehbaz Sharif said on Sunday.”Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” Sharif said in a post on X. Pakistan…