NEWS

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Elon Musk has officially crossed into trillionaire territory following SpaceX's blockbuster IPO.

On June 12, SpaceX went public at a valuation of roughly $1.77 trillion, pricing shares at $135 each. Musk's pre-IPO net worth was estimated at $813 billion, but his massive stake in SpaceX, alongside holdings in Tesla and other ventures, pushed him past the $1 trillion mark once trading began.

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Spencer Pratt fell to third place in the Los Angeles mayoral primary election as socialist candidate Nithya Raman surged into second.

The Hills star had seen his lead on Raman shrink over the weekend in his quest to face incumbent Karen Bass for a runoff in November. Donald Trump has already alleged election fraud.

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Bill Gates testified before the House Oversight Committee in a closed-door session as part of the panel's ongoing investigation into disgraced financier and convicted sex offender Jeffrey Epstein, who died in a New York jail in 2019 while awaiting trial on sex trafficking charges involving underage girls. In prepared opening remarks released as the session began, Gates said Epstein had attempted to use knowledge of his extramarital affairs as leverage to pressure him into resuming contact.

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The United States has unveiled new tariffs ranging from 10% to 12.5% on 60 trading partners, targeting nations it accuses of failing to adequately prohibit goods manufactured through forced labour.

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The United States military launched retaliatory strikes against Iran on Tuesday evening after President Trump determined that Tehran had shot down an American Apache attack helicopter patrolling the Strait of Hormuz the night before, setting off a rapid and dangerous escalation that swept across the broader region within hours.

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Elmo found himself at the center of an unexpected NBA Finals controversy after a seemingly harmless social media post drew a wave of reactions from New York Knicks fans.

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A federal judge on Friday, June 5, ruled that U.S. President Donald Trump's administration had adopted a series of unlawful policies that have barred people from 39 countries from receiving decisions on applications for asylum, work permits, green cards and citizenship.

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A civil jury has found socialite Rebecca Grossman and former Los Angeles Dodgers pitcher Scott Erickson jointly liable for the 2020 hit-and-run deaths of brothers Mark and Jacob Iskander, who were just 11 and 8 years old when they were struck and killed while standing at a crosswalk in Westlake Village, California.