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The US Energy Secretary reported a surge of approximately 20 million barrels of crude oil shipped through the Strait of Hormuz in 24 hours. He stated that recent developments have significantly reduced Iran's ability to unilaterally close this critical global oil transit chokepoint.
Read MoreU.S. Secretary of State Rubio reaffirmed that Iran cannot charge fees for transit through the Strait of Hormuz. He stated global opposition to such mechanisms and expects Gulf nations' support, highlighting the waterway's vital role in global energy transport.
Read MoreIran's Foreign Ministry spokesperson criticized contradictory U.S. statements on a nuclear deal memorandum, eroding trust. Citing a history of broken U.S. promises, Iran stated it entered diplomacy in good faith but will remain vigilant moving forward.
Read MoreMicron Technology's robust Q4 revenue forecast of $49B-$51B, far exceeding analyst estimates of $43.24B, ignited an after-hours stock surge of over 11%. This signals a potential turnaround in the memory chip sector and strong market confidence in Micron's trajectory.
Read MoreBitcoin price has rebounded strongly, breaking above the key $61,000 resistance level. Current price stands at $61,001.38, with daily losses narrowing to 2.33%. Market volatility remains high, requiring caution and proper risk management.
Read MoreAn Iranian Foreign Ministry spokesperson stated that true peace in the Middle East is impossible as long as the US pursues military interventionism and allows its proxy forces to wage war and commit atrocities with impunity. This highlights the core tension in the region.
Read MorePresident Trump stated that the US has gained "tremendous advantage" and Iran is making "significant concessions" in their interactions. While providing no specifics, he described developments as "very, very good," sparking speculation about the future of US-Iran relations.
Read MoreSpaceX investor David George highlights Starship's reusability as crucial for expanding AI compute into space. Orbital data centers could supplement and potentially surpass ground facilities economically, envisioning satellites as "aircraft-sized GPU racks in orbit."
Read MoreOn June 25th, US stocks closed mixed. While the Dow Jones edged higher, the Nasdaq Composite fell 0.43%, pressured by a widespread pullback in chip stocks like Western Digital and Qualcomm, signaling caution in the tech sector.
Read MoreCoinbase has introduced perpetual futures contracts tracking the top 100 Nasdaq-listed technology companies. This single-contract solution allows investors to gain exposure to leading U.S. tech stocks, marking a significant expansion into traditional finance products.
Read MoreSpeaker Johnson will meet with Trump to break the legislative deadlock after Trump vetoed the housing bill, demanding his SAVE America Act be passed first. Meanwhile, talks with the Defense Secretary suggest potential new funding requests for Iran-related costs.
Read MoreGold prices plunged below the key $4,000 per ounce level, pressured by a strengthening US dollar and growing expectations of Federal Reserve rate hikes. The stronger dollar makes dollar-denominated commodities less attractive to overseas buyers, dragging down the broader precious metals market.
Read MoreGoogle is reportedly set to lose two more AI researchers to rival Anthropic, marking the latest in a series of high-profile talent moves within the competitive AI landscape. This highlights the intensifying battle for top AI talent.
Read MoreQualcomm has detailed its data center roadmap, with the third-generation AI chip slated for 2027. It will be followed by a data center CPU and second-gen high-bandwidth compute chip in 2028. Tech giants like Microsoft and Meta plan deployments, with Qualcomm projecting multi-billion dollar revenue from this segment by FY2027, signaling a major push into AI infrastructure.
Read MoreJPMorgan analyst Rajat Gupta cut Tesla's Q2 delivery forecast to 420,000 vehicles from 430,500, citing mixed signals in EV demand. Profit estimates were also lowered. The report notes rising gasoline prices haven't boosted US EV demand. The bank maintains a Neutral rating with a $475 target.
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