Many artists won’t go back and listen to their previous albums because all they hear are the mistakes and the things they should have done to make it better. But what’s done is done and it’s just best to move on. This happens to Dave Grohl every once in a while. He has a very hard time listening to the fourth album, One By One, from 2002.

Nothing was working during those sessions after three-and-a-half months of work and spending more than a million dollars in studio fees. Production was halted, and Dave went off to do some work outside the band, including a stint with Queens of the Stone Age. Then there was Taylor Hawkins’ near-fatal overdose, which messed things up even further.

The album did eventually come out and sold a respectable four million copies, but Dave feels it doesn’t sound like the band and didn’t feel right. Today, he thinks there are only four good songs on the record and seven bad ones.

© 2026 Corus Radio, a division of Corus Entertainment Inc.

Last time, we traced the meaning of the word punk from the late 1500s to the 1950s. For all those centuries, the word had nothing to do with music. So how did that word come to describe a certain type of rock?

The first time anyone saw the word in print in a musical context was 1969, when the critic Lester Bangs used the word to describe a band called the MC5 in a review in Rolling Stone. In 1971, the writer Dave Marsh used the term “punk rock” in Creem magazine in May 1971. In June ’71, we’re back to Lester Bangs using the word in a long essay called “Psychotic Reactions and Carburetor Dung” while referring to bands with loud, fuzzy guitars. From there, it graduated to the New Yorker, where they used it in an article about the New York Dolls.

And finally, there was a mid-70s fanzine in New York that covered the weird underground stuff in the city. That magazine was called Punk, (a name chosen by writer Leggs McNeil). For many people, any band that appeared in Punk (like the Ramones, for example) was a “punk band.”  From there—well, here we are.

© 2026 Corus Radio, a division of Corus Entertainment Inc.

If I say “punk” in a musical context, you know exactly what I’m talking about: a high-energy, anti-establishment form of music characterized by loud guitars and furious drumming. But how did this word come to denote a genre of music? That’s more complicated than you might think.

Its original meaning—and this is back in 1596 when the word first appeared in print somewhere in England—a “punck” was a prostitute. From there, it evolved into describing someone worthless, stupid, foolish, homosexual or some kind of general good-for-nothing individual. In the 50s, a petty criminal or juvenile delinquent was called a “punk.”

Fine. But where does the connection with music come in? That’s where we’ll pick things up next time.

© 2026 Corus Radio, a division of Corus Entertainment Inc.

SpaceX roared past Amazon’s market valuation on Tuesday and briefly topped that of Microsoft, rapidly scaling the list of the world’s most valuable companies on a topsy-turvy trading day fueled by frenzied action in the firm’s newly listed option contracts.

SpaceX shares were up 11 per cent at US$213.16, giving Elon Musk’s company a market value of roughly $2.8 trillion — nearly $1 trillion more than its value when it sold its record initial public
offering last week.

Shares have surged as investors bet on Musk’s sprawling empire that spans rockets to AI, even though it carries a valuation far greater than the other trillion-dollar behemoths in the U.S. equity market. The stock is expected to enjoy additional demand in coming weeks as it joins major indexes.

“It’s a $2.5 trillion company, but it certainly feels like one of those meme stocks, the way it’s trading,” said Joe Saluzzi, co-head of equity trading at Themis Trading.

“We’ve seen momentum in the past; they just tend to run and you have to be very, very careful with these types of names.”

A big driver of Tuesday’s gains was the launch of options in SpaceX stock, which confer the right, though not the obligation, to buy or sell the shares at a certain price by a stated date. They are often used by traders seeking to cash in on rising interest in a stock or to wager that shares will rise or fall quickly.

More than 500,000 SpaceX options contracts changed hands within the first hour of trading and more than a million by early afternoon, according to Trade Alert data. SpaceX’s heavily bullish options trading volume likely helped lift the stock early in the session, said Brent Kochuba, founder of options analytics service SpotGamma.

A surge of options volume can at times cause an underlying stock to also swing as options dealers, who facilitate trading by taking the other side of options trades, buy and sell shares
to square their own risk.

“If you’re a market maker, you can’t hedge SpaceX with anything else other than SpaceX,” he said.

Trading volume in SpaceX shares was enormous, with turnover in SpaceX shares, reflecting the approximate dollar value of the day’s trades, the highest among large U.S.-listed firms at $52
billion.

The latest blastoff in SpaceX shares came on a day when technology stocks were otherwise slipping, with the semiconductor index down three per cent and the Nasdaq Composite off 0.5 per cent. Among the decliners were shares of options exchange CBOE Global Markets, off eight per cent, while rival CME Group was down two per cent, the latest sign of investor angst over the rise of perpetual futures — contracts with no expiration date that enable traders to bet on price moves without owning shares or other assets.

“It’s time to approve regulated futures contracts that have no expiration date,” Commodity Futures Trading Commission Chair Michael Selig said on Monday on CNBC. “We’re going to make sure the product’s available, but it’s well regulated here in the U.S.”

CME CEO Terry Duffy warned this month that U.S. regulators are creating systemic risk by allowing products such as perpetual futures for bitcoin that typically carry large amounts of leverage.

On Tuesday, another exchange operator, Miami International Holdings, was down nine per cent, a move William Blair analyst Jeff Schmitt said was driven by concerns about perpetuals that are “likely overdone.”

Retail investors — who received about 20 per cent of the SpaceX IPO allocation — bought net $43.2 million worth of the shares as of 10:10 a.m. ET, building on more than $200 million in net purchases in the last two sessions, according to Vanda Research data.

Analysts and portfolio managers said investors should brace for volatility due to the relatively small float and high valuation of SpaceX.

The company reported sales of $18.67 billion last year and a net loss of $4.94 billion after merging with money-losing xAI — in contrast to many of Wall Street’s big technology companies that have posted bumper numbers. That puts its price-to-sales ratio at more than 150, compared with a trailing 12-month price-to-revenue ratio of 20 for Nvidia, the largest U.S. company by market value.

On Tuesday, its market value surpassed Amazon’s at $2.65 trillion and briefly topped Microsoft’s $2.92 trillion. Next up are Apple, Alphabet and Nvidia, all above $4 trillion in market value.

The rally could continue, analysts said, as SpaceX is set for fast-track inclusion in the Nasdaq 100, which will soon make it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its shares.

FTSE Russell and MSCI are also set to add the stock to their indexes effective June 26 and June 29, respectively.

“While index inclusion alone is typically insufficient to drive sustained repricing, we see the combination of passive flows, momentum, and limited float driving upside beyond historical index addition moves,” brokerage Zephirin Group said, initiating coverage on the stock with a “buy” rating. SpaceX also said on Monday that its underwriters had exercised the “greenshoe” option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7 billion from $75 billion that it raised last week.

Earlier in the day, SpaceX also said it would acquire software company Anysphere for $60 billion.

© 2026 Reuters

Crews are responding to a wildfire in West Kelowna on Tuesday afternoon.

Central Okanagan Emergency Operations said that the wildfire is burning near Kalamoir Regional Park.

Emergency operations have been activated to support the response.

According to the BC Wildfire Service, the fire is eight hectares in size and listed as out of control.

Smoke can be seen in the region.

More to come…

© 2026 Global News, a division of Corus Entertainment Inc.

A cellphone caught on fire inside the cabin of a British Airways flight bound for Las Vegas on Monday, the Federal Aviation Administration confirmed to Global News.

CBS News reported that the pilot could be heard on air traffic control audio alerting ground authorities that a mobile phone fire “scorched the inside of the cabin,” but that staff had controlled the burn.

Global News was not able to independently verify this report.

According to an email statement from the FAA, British Airways Flight 271 landed safely around 2:30 p.m. local time on Monday after the crew reported a cellphone fire on board.

A spokesperson for Harry Reid International Airport in Las Vegas told Global News the aircraft called in an alert. British Airways, in a separate statement, made no mention of the alert but said the flight landed safely and customers disembarked normally.

“The safety of our customers and crew is the highest priority,” its statement said.

The FAA confirmed it was investigating the incident and reiterated the importance of keeping electrical items in the cabin, including those with lithium batteries.

“Cell phones, laptops, vaping devices, mobility aids, and other portable rechargeable electronic devices must be in carry-on baggage, not checked luggage,” it said. “It’s crucial that passengers keep these devices in the cabin so if a fire starts, the cabin crew can respond quickly.”

The fire comes amid rule changes regarding the transportation of certain devices that carry a fire risk.

In April, American Airlines enforced a strict limit on the number of portable chargers passengers could bring on a flight, restricting it to two — which must be visible to staff while in use — amid concerns over the safety of lithium batteries, which are highly flammable.

The rule was enforced in line with the introduction of new standards set by the International Civil Aviation Organization, a specialized agency of the United Nations that co-ordinates global aviation standards.

It released updated regulations for lithium-powered devices in March, citing the enhancement of “safety and peace of mind for passengers and airlines alike.”

According to FAA data, in 2025, there were 82 lithium-battery fire-related incidents, 60 of which occurred on passenger planes and mostly involved portable chargers, vape devices or cellphones.

All major Canadian airlines, including Air Canada, WestJet and Air Transat, prohibit power banks and portable chargers in checked baggage and require them to be transported in the cabin or in hand luggage.

© 2026 Global News, a division of Corus Entertainment Inc.

The B.C. provincial government announced on Monday that it is dropping the current contractor for the George Massey Tunnel replacement.

While construction began in January, the province said it was unable to reach an agreement on commercial terms going forward with Cross Fraser Partnership.

The project will now be separated into different components, with local companies being invited to bid on them. Transportation Minister Mike Farnworth says that process will drive down costs.

He also said the tunnel is still on track to open in 2030, but Delta city councillor Dylan Kruger said British Columbians should be concerned.

“This is a highly unusual development,” he said.

“This contract was awarded to the Fraser Crossing partnership in 2024 in an open bid process. It’s been two years since that time, with a fixed price of $4.15 billion for this project. Now we’re finding out that after two years of work, the province has cancelled that contract and they’re going back to the beginning.”

Kruger introduced a motion at a council meeting on Monday night, calling for an independent third-party investigation into the project, which passed unanimously.

“This project has not been well managed,” he added.

“I would actually argue this is one of the biggest transportation boondoggles of the 21st century here in B.C.”

Just over a year ago, Delta South MLA Ian Paton expressed concern about the tunnel replacement, saying major construction still had not started.

“They’ve spent $300 million since 2017 working on a plan to build a tunnel and yet… there’s absolutely nothing happening,” Paton said at the time.

“There’s no excavators. There’s no bulldozers. There’s no sign of a concrete tube.”

In 2013, the Liberal government announced a 10-lane bridge to replace the aging tunnel but the BC NDP scrapped the plan and in 2021 announced a new tunnel.

Farnworth said on Monday that the project’s timeline remains the same.

“The current timeline continues to be on track in terms of the work that is already underway,” he said.

“There’s 200 workers on the project right now. We’re expecting the review of the environmental certificate to be completed by the end of this year and then the major project works start early next year.”

© 2026 Global News, a division of Corus Entertainment Inc.

The union representing more than 700 Metro Vancouver outside workers says it has agreed to resume talks with the employer with mediation from the B.C. Labour Relations Board.

A statement late Monday from the Greater Vancouver Regional District Employees’ Union says it is waiting on mediation dates.

Union head Jesse Medeiros called it a welcome first step after weeks of rotating job action by members.

Earlier Monday, union members — with the exception of essential-service staff — took part in a full-scale strike that has since been called off.

The update comes after Metro Vancouver said it learned the union had agreed to mediation and called it a practical step toward an agreement.

The union’s last contract expired in December 2024, and sticking points have included safety, recruitment and retention, and contracting out.

© 2026 The Canadian Press

Manitoba’s premier says climate change is leading the province to adjust its disaster support policies so that more people can qualify for aid.

Wab Kinew said Tuesday that residents who could have but didn’t buy flood insurance can still qualify for disaster financial assistance, in a break from existing rules.

“We’re not going to let the rules as posted on the website stand in the way of doing the right thing,” Kinew said at an event in Selkirk, Man.

“The climate is changing, and our policy and emergency response has to change with it.”

Parts of Manitoba got hit with torrential rain last week that led to rivers overflowing and basements filling with water.

Several municipalities declared states of local emergency as they worked to respond to the flooding.

Some affected residents don’t have the added coverage needed for overland flooding or sewage backups.

Kinew said it’s reasonable that people didn’t buy coverage for a kind of disaster they haven’t seen in decades.

“For folks who’ve never seen a natural disaster of this sort in certain parts of the province, I don’t think we can hold them to a rule that was developed before the impacts of climate change were as apparent.”

Providing government aid, however, can reduce the chance that residents buy flood insurance in the future.

A Public Safety Canada study released in 2024 found that removing disaster financial assistance is one of the key ways to improve uptake of private flood insurance. The study said it’s important that there aren’t alternatives to buying coverage.

The Insurance Bureau of Canada didn’t push back on Kinew’s planned policy change. But Liam McGuinty, the association’s vice-president of federal affairs, said there are plenty of private insurance options available.

“By and large, there is availability for overland flood coverage,” he said.

“What’s equally important for governments to do, as they’re considering their role, is to think about how we create more resilient communities and protect our homes.”

Kinew said the province is still working on the details of the support programs, including what kind of payouts residents can expect.

© 2026 The Canadian Press

Canadians who qualify could be getting some extra financial help from the federal government in the coming days and weeks, including Old Age Security payments and the Canada Groceries and Essentials Benefit.

Depending on a person’s residency, age, income threshold, tax-filing status and other factors, some of these benefit payments could be sent to bank accounts and mailboxes as early as next week.

For almost all payment types, the Canada Revenue Agency (CRA) will be sending the money directly to the bank accounts for those that qualify and have registered for direct deposit. Otherwise, payments may be mailed out to those Canadians, but could take longer.

Here are some of the benefits to watch out for.

Many older Canadians will start seeing money roll into their bank accounts or mailboxes very soon as the next Old Age Security (OAS) payment arrives on June 26, 2026.

Unlike the Canada Pension Plan, which is based on employment contributions, OAS is a regular payment based on the age of Canadians and how long they’ve lived in Canada.

OAS payments are made monthly to any Canadian who is a citizen or legal resident at the time of approval, and those persons must have been a resident of Canada for at least 10 years since the age of 18.

Although employment does not effect eligibility for OAS, income does.

According to the federal government, that income may have come from employment, but could also come from benefits like EI, rental properties, RRSP withdrawals, taxable interest, dividends and capital gains.

Canadians who meet the initial criteria, and are 65 to 74 years old, qualify for OAS payments if their total annual income falls below $148,451, and could receive monthly payments of up to $743.05.

For those ages 75 years and older, that income threshold increases to $154,196, and payments also increase to as much as $817.36 per month.

Those payment amounts may be less if OAS recipients have an income that exceeds the income thresholds. This is commonly known as OAS “clawbacks,” where the payment amount falls gradually for every dollar over the income thresholds.

The first Canada Groceries and Essentials Benefit (CGEB) is also scheduled to be paid out to qualifying Canadians starting July 3, and marks the first official benefit payment of its kind.

Formerly known as the HST/GST credit, the CGEB program was launched as a new program that replaced the previous benefit, and aimed at better helping qualifying Canadians that may be struggling with the heighted cost of living in Canada — including for food.

The CGEB payment amounts will be 25 per cent higher than the former HST/GST credit starting on July 3 and through to 2031. These payments will happen every quarter, and are separate from the one-time HST/GST top-up payment sent out earlier in June.

The amount that qualifying Canadians may receive depends on their situation, including tax-filing status with the CRA, marital status and whether they have any children. The payments will be made quarterly, including on July 3, 2026 and Oct. 5, 2026.

There will also be payments made sometime in January 2027 and April 2027, but the specific dates have yet to be announced.

Qualified persons must be at least 19 years old and be residents of Canada for tax purposes during the given year. They must also have an annual income that falls below the most recent thresholds listed by the CRA.

The maximum income in the 2025 tax year for an individual with no children is $60,012 and increases depending on how many children they have.

For example, with one child, that amount increases to $68,912 with two children it’s $73,592 with three it’s $78,272, and with four children it’s $82,952.

For married or common-law incomes to qualify for the CGEB payment, the total household net income must fall below $64,232 with no children, $68,912 with one child, $73,592 with two children, $78,272 with three and $82,952 with four children.

The CRA also says that those parents in a shared custody situation may be able to qualify for half the CGEB credit for the child or children.

For single individuals, they may receive up to $679, split into four payments in the period between July 2026 and June 2027.

Qualifying Canadians who are married or have a common-law partner will receive up to $890.

Those with children may also receive an additional $234 for each eligible child under the age of 19 during the fiscal year.

© 2026 Global News, a division of Corus Entertainment Inc.