Business & Markets — June 27, 2026

SpaceX joins the Nasdaq-100. SpaceX will enter the Nasdaq-100 under Nasdaq's new fast-track framework for private companies, giving index funds direct exposure to Elon Musk's rocket company.

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Kashkari projects one rate hike in 2026. Minneapolis Fed President Neel Kashkari said he expects one interest rate increase this year, citing spiking inflation, uncertainty over the U.S.-Iran peace deal, and AI infrastructure spending.

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Tech stocks post one of their worst weeks of the year. AI momentum stalled as Wall Street questioned returns on heavy AI spending. Oracle led declines while healthcare stocks advanced as investors rotated to defensive positions.

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Saks Global exits bankruptcy as Exemplar Luxury Group. The parent of Neiman Marcus, Saks Fifth Avenue, and Bergdorf Goodman emerged from Chapter 11 with fewer stores, reduced debt, and a new corporate name.

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