Market Check

Rivian laid off hundreds of workers in its service and customer division as the EV maker restructures teams to profitably scale its business.

SpaceX soared past Amazon's $2.66 trillion market capitalization on Tuesday as its momentum continued in the wake of its record-setting IPO on the Nasdaq last week.

Yum Brands agreed to sell Pizza Hut in a $2.7 billion transaction and approved a new $4 billion buyback authorization while prioritizing KFC and Taco Bell

Boating retailer West Marine filed for Chapter 11 bankruptcy and submitted plans to shutter 59 locations while pursuing strategic reorganization.

Oil prices fell to lowest levels since early March after President Donald Trump announced a preliminary U.S.-Iran agreement aimed at ending the war and reopening the Strait of Hormuz.

The Yum Brands-owned chain is introducing new menu items, sauces, beverages and restaurant concepts as part of a global strategy to strengthen its position in the chicken market.

SpaceX's IPO valued the rocket and satellite company at roughly $1.77 trillion, pushing Elon Musk's net worth to about $1.1 trillion and making him the first trillionaire on paper.

SpaceX raised $75 billion in the largest IPO in history, more than doubling the previous record as Musk eyes Starlink growth and space AI centers.

Mortgage rates ticked higher this week, with Freddie Mac reporting the average 30-year fixed loan rose to 6.52% as homebuyers continued to enter the market.

Papa Johns follows through on plans to close 300 stores, targeting franchise-owned locations generating less than $600,000 in annual sales by 2027.

General Motors announced a software update enabling EV owners to sell power back to the electric grid, with over 250,000 bidirectional EVs on U.S. roads.

Honda is recalling over 880,000 Pilot, Ridgeline, Passport and Acura MDX vehicles due to rear suspension corrosion that could increase the risk of a crash.

The U.S. Strategic Petroleum Reserve hits a three-year low of 349.2 million barrels, nearing levels not seen since the Reagan administration in 1983.

The Bureau of Labor Statistics released the consumer price index (CPI) inflation data for May which showed that inflation rose and remained persistently high last month.

401(k) savers face a major financial risk from required minimum distributions that could push them into higher tax brackets and increase Medicare premiums in retirement.

Target date funds make 401(k) investing easy, but their one-size-fits-most design could leave retirement savings underfunded due to limited growth and higher fees.