SpaceX to list on US stock market today after raising $75bn in largest IPO ever – business live
Rolling coverage of SpaceX’s record-breaking initial public offering, after Elon Musk’s company is valued at $1.77tn in share offering
Policy
UK economy shrank by 0.1% in April as Iran war held back growth
The UK economy contracted by 0.1% in April as the Iran war began to take its toll on growth, official figures show.
Diane Keaton’s nail clippers for $960: what’s behind the new boom in celebrity estate auctions?
From Diane Keaton’s bowler hats and polka dot scarfs, to Gene Hackman’s used paint brushes, to Terence Stamp’s love letters from Jean Shrimpton and even Matthew Perry’s black leather wallet (his credit cards and AAA mem…
Record number of young people fear long-term unemployment
Young people in England are increasingly “losing faith in their futures” according to a report, as record numbers fear long-term unemployment.
Changes to collateral eligibility in the Sterling Monetary Framework - Market Notice 11 June 2026
This Market Notice covers changes to the Bank’s collateral eligibility framework for the Sterling Monetary Framework (SMF). This is in the context of supporting the transition to a repo-led, demand-driven operating fram…
Musk’s xAI fired engineer for raising concerns about Grok chatbot, lawsuit claims
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbot
Federal Reserve Board announces final rule that establishes data standards for certain information collections
The Federal Reserve Board on Thursday announced a final rule that establishes data standards for certain information collections submitted to financial regulatory agencies. In addition to the Board, the standards have b…
SEC Proposes Rescission of Regulation NMS Rules 611 and 610(e)
On June 11, 2026, the Securities and Exchange Commission (SEC) proposed amendments to Regulation NMS that would rescind Rule 611 (the trade-through rule) and Rule 610(e) (the prohibition on locking and crossing quotatio…
Hugo Boss shares jump as it ‘thoroughly examines’ Frasers’ takeover offer
Mike Ashley’s retail group has made near-€2bn bid for the German fashion house, in which it holds a 26% stake
China’s Jingye seeks compensation from UK over British Steel takeover
Sources say firm is asking for more than £1bn in row that could put pressure on two countries’ relationship
Ryanair investigated over charging parents to sit with their children
Budget airline describes inquiry as ‘bogus’ as watchdog says it is only large carrier flying from UK to impose charge
Home Office contractor investigates claims of staff racism and hate speech
Whistleblowers from Mitie allege some employees have made offensive remarks or liked abusive social media posts
Young, ambitious and out of work: ‘I’ve gone from Oxford to zero jobs. It’s a bit of a fall’
About 1 million 16- to 24-year-olds are not in employment, education or training – and the obstacles they face are bigger than ever. Those unemployed for a year or more explain how they are coping
Into the HyperVerse: inside a crypto scheme that cost investors millions of dollars – documentary
When Guardian Australia senior reporter Sarah Martin heard a friend’s hairdresser had invested in a cryptocurrency scheme called HyperVerse and potentially lost all her money, she decided to investigate. She soon found …
UK minister defends changes to student loans as criticism mounts
Lucy Rigby tells MPs heavily subsidised system gives the government the right to alter terms of existing agreements
The business secretary is overselling UK state investment activism
Peter Kyle exaggerates role of British Business Bank and National Wealth Fund in nurturing firms
Weight-loss drug users save more than £400 a year on food as take-up triples
Research suggests households that include a GLP-1 user collectively spent £780m less on grocery bills
We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way | Olivier De Schutter and others
Our roadmap has been shaped by experts across the world, from UN agencies to grassroots movements. We call on political leaders at all levels to use it
A question for Nigel Farage – why is your nationalist party so obsessed with destroying British jobs? | George Monbiot
The net zero economy is booming, so claims that prosperity depends on oil and gas are bunkum – unless you’re a Reform backer with fossil fuel interests, of course
It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?
2-8A Rutland Gate had jewel-encrusted bathroom suites and gold wastepaper bins in its 45 rooms, but has lain empty for years. With many people desperate for secure housing, what does the abandonment of this palace tell …
Anthropic releases ‘safe’ version of Claude Mythos AI model to public
AI company restricted access to Fable 5, its most powerful Mythos model, for months over cybersecurity concerns
Federal Reserve Board announces that results from its annual bank stress test will be released on Wednesday, June 24, at 4 p.m. EDT.
The Federal Reserve Board on Tuesday announced that results from its annual bank stress test will be released on Wednesday, June 24, at 4 p.m. EDT.
Think Musk the billionaire was bad? Brace yourself for Musk the trillionaire | Arwa Mahdawi
Becoming the world’s first trillionaire is only going to supercharge this sense of impunity and bring us one step closer to full-blown oligarchy
The British food scene was booming. Why has it suddenly gone bust?
Once mocked internationally, the UK became a gastronomic hotspot in recent decades – London was hailed as the foodie capital of the world. Now many Michelin-starred restaurants have closed and the rot is spreading