DOW $51,202 +0.7% | S&P $7,431 +0.5% | 10Y YIELD 4.49% +0.5% | WTI $84.88 -3.2% | GOLD $4,239 +3.0% | BTC $63,810 +0.4%

DAILY ECONOMY REPORT

Saturday, June 13, 2026 | EST. 2026
TOP STORY TRUMP'S NAME IS STILL ON THE KENNEDY CENTER — OFFICIALS SAY IT WILL BE DOWN BY NOON
Musk Is the World’s First Trillionaire. Who Was the First Billionaire? There’s a 68% chance the stock market ends the year higher. Why the headlines shouldn’t disrupt your portfolio. ‘This is not a flash in the pan’: Why value stocks are beating growth by such a wide margin

Cost of Living

///
Nearly 7 million student loan borrowers remain in defunct Biden-era payment plan: Trump official CNBC Personal Finance
///
Average US long-term mortgage rate rises to 6.52%, just below its high for the year ABC News
///
Wholesale prices see biggest spike since 2022 as energy costs climb CBS MoneyWatch
///
ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs CNBC
///
How to File a Travel Insurance Claim NYT Money
///
Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too CNBC Personal Finance
///
Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher CNBC
///
Student Loan Repayments Are Being Overhauled. What Borrowers Should Know. NYT Money

Money & Markets

///
How Elon Musk nailed the SpaceX IPO: ‘I’m not sure that this could have gone much better’ MarketWatch
///
SpaceX stock soars on first day of trading following record-breaking IPO CBS MoneyWatch
///
Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq CNBC Investing
///
Former SpaceX welder becomes a millionaire after historic IPO CBS MoneyWatch
///
If You Have a 401(k), How Much SpaceX Stock Will You Own? NYT Business
///
Elon Musk becomes the world's first trillionaire with SpaceX's IPO CBS MoneyWatch
///
Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day — and five years. MarketWatch
///
‘It seems too good to be true’: At a steak-dinner retirement seminar, the guy said annuities can outperform the market. Is that true? MarketWatch