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A US federal judge dismissed a lawsuit from Elon Musk's xAI accusing OpenAI of stealing trade secrets. The court found insufficient evidence that OpenAI induced a former xAI engineer to disclose confidential information or improperly obtained secrets during hiring.
Read MoreThe US Strategic Petroleum Reserve has plummeted to its lowest level since 1983, around 340 million barrels. Sustained releases to curb oil prices have weakened the nation's buffer against future supply shocks, raising energy security concerns.
Read MoreIsraeli Prime Minister Netanyahu held a press conference, vowing to prevent Iran from acquiring nuclear weapons under any circumstances. He emphasized Israel's continued military presence in strategic regions, commitment to developing advanced technology, ensuring weapons supply independence, and forging new strategic alliances, while also addressing relations with the U.S. and confirming his candidacy in the upcoming election.
Read MoreAll three major U.S. stock indices closed higher on Monday, with the Nasdaq leading the charge, surging over 3%. A leading space exploration company saw its stock jump nearly 20%, propelling its market valuation past the historic $2.5 trillion mark. Tech giants like NVIDIA and Oracle also posted solid gains.
Read MoreIranian President announced parliament's approval of a U.S.-Iran understanding memo, calling it a key step toward ceasefire and negotiations. He emphasized testing America's commitment and Iran's readiness for all scenarios, with continued focus on serving the people without accepting humiliation.
Read MoreNVIDIA's $25 billion investment-grade bond offering attracted a staggering $85 billion in orders, over three times the planned size. This marks the chipmaker's first bond issuance in five years, with proceeds earmarked for refinancing, highlighting intense investor appetite for AI-related growth.
Read MoreIran's Foreign Minister briefed Lebanese leaders on the details of the Iran-US memorandum of understanding, particularly regarding Lebanon. Iran emphasized ending aggression against Lebanon and urged the US to ensure implementation and halt Israeli attacks. Lebanese officials welcomed the agreement, highlighting its importance for regional stability.
Read MoreEuropean retail investors secured less than 1% of shares in SpaceX's record-breaking IPO, receiving only about $600 million worth of stock despite strong demand. This highlights the limited access for individual investors in major, high-profile public offerings.
Read MoreDuring the G7 summit, President Trump disclosed separate calls with Russian President Putin and Ukrainian President Zelensky. Both leaders expressed willingness to "take action" to resolve the ongoing Ukraine crisis. Trump described the conversations as "very good" and expressed optimism about potential diplomatic progress.
Read MoreHamas welcomed the US-Iran memorandum of understanding as a move countering regional hegemony. The group stressed that an immediate end to Israel's military operations in Gaza and addressing the root causes of the Palestinian-Israeli conflict are essential for achieving lasting Middle East stability.
Read MoreCiti has sharply raised its short-term price forecasts for gold and silver, projecting gold could reach $4,500 per ounce within three months and silver $70. Concurrently, the bank lowered its crude oil price expectations, adopting a more cautious outlook for the second half of 2026, signaling a shift in its assessment of market risks.
Read MoreKey details of the US-Iran understanding are expected within 24-48 hours, reports indicate. Technical talks will link frozen asset releases and sanctions relief to verification of commitments. The US intends to maintain its current military footprint in the region during the next phase of negotiations.
Read MoreAt the G7 summit in France, U.S. President Trump stated that restoring navigation in the Strait of Hormuz requires little external help. This remark followed French President Macron's announcement of European readiness for escort operations. France hosts this year's summit.
Read MoreOn June 16, President Trump announced during the G7 Summit in France that the details of the US-Iran agreement will be made public after its official signing on the 19th.
Read MoreIMF Managing Director Kristalina Georgieva states that while the global economy shows resilience three months into the Middle East conflict, high vigilance remains crucial. She warns of lingering energy supply disruptions and uneven benefits from tech advancements, exacerbating risks of global economic fragmentation.
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