Morning Business Report: More moms work full time as SpaceX climbs past Amazon in value

A growing number of college-educated mothers are working full time, contributing to a record share of American households where both parents hold full-time jobs.

(LILAMAX)- A growing number of college-educated mothers are working full time, contributing to a record share of American households where both parents hold full-time jobs.

New data from the Pew Research Center shows that both parents work at least 40 hours per week in 52% of U.S. families, up six percentage points since 2016.

Researchers say the increase is being driven largely by mothers with bachelor’s and postgraduate degrees entering or remaining in the workforce full time.

The report also found that balancing work and family responsibilities remains a challenge, with 59% of working parents saying they handle work-related tasks while spending time with their children.

Meanwhile, SpaceX continued its strong debut on Wall Street.

The aerospace company’s market capitalization climbed to approximately $2.65 trillion during its third day of trading, making it the fifth-largest publicly traded company in the United States.

At one point, SpaceX surpassed Microsoft in market value and moved ahead of Amazon. The company also announced the acquisition of Cursor, one of the fastest-growing artificial intelligence coding platforms.

On Wall Street, the Dow Jones Industrial Average crossed the 52,000 mark for the first time Tuesday before closing just below that milestone.

Technology stocks led the market lower, weighing on both the Nasdaq and S&P 500.

In the restaurant industry, Yum Brands announced plans to sell Pizza Hut for $2.7 billion.

Private equity firm Long Range Capital is set to acquire the chain’s U.S. operations. Industry analysts say declining pizza consumption and increased competition from delivery services have hurt Pizza Hut’s business in recent years.

A new survey also suggests members of Generation Z are rethinking traditional weddings.

The poll of 2,000 Gen Z adults, commissioned by Affirm and conducted by Talker Research, found that nearly seven in 10 respondents believe modern weddings feel more like a production than a personal celebration.

Many cited rising costs, social pressures and expectations as reasons for their concerns.

When asked to describe today’s weddings in a single word, the most common response was “expensive.”