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A shift in geopolitical tensions and falling oil prices have led US bond traders to significantly delay expectations for the Federal Reserve's first interest rate hike. Market focus has moved from anticipating hikes this year to pricing them for later.
Read MoreThe US Dollar Index edged down 0.11% on the 12th, closing near 99.747. Market analysts note narrowed fluctuations as investors await clearer economic signals, with cautious trading dominating the session's end.
Read MoreThe space exploration firm's stock surged nearly 20% on its Nasdaq debut, propelling its valuation past $2 trillion and into the top six U.S. companies by market cap. Heavy trading activity underscored strong investor confidence in the commercial space sector.
Read MoreIran's Foreign Minister announced plans to impose fees for services related to the Strait of Hormuz, a critical global oil transit route. This move, discussed during talks on a draft Iran-US memorandum, could significantly impact international shipping costs and logistics.
Read MoreElon Musk's net worth has surpassed $1 trillion following the successful public offering of his space exploration company, making him the world's first trillionaire. The space venture accounts for over 70% of his wealth, with electric vehicle manufacturing contributing most of the remainder.
Read MoreTrader bullishness on the US dollar has surged to its highest level in over a year, with net long positions hitting $27.8 billion. This surge is fueled by the dollar's reinforced safe-haven status amid ongoing geopolitical tensions, particularly in the Middle East.
Read MoreIran's Foreign Minister stated that a draft US-Iran memorandum includes a ceasefire on all conflict fronts, specifically in Lebanon. He affirmed Iran's commitment to preventing Lebanon's isolation. This development could signal a potential shift in regional tensions.
Read MoreOn June 13, all three major US stock indices closed higher, reflecting positive market sentiment. SpaceX made a stunning debut with a sharp surge. The chip sector broadly advanced, though with mixed individual performances. Adobe saw a notable drop, while ROKU staged a strong rebound.
Read MoreIran's Foreign Minister announced that the final stages of negotiations with the US are complete. A Memorandum of Understanding is expected to be signed electronically and made public within days, marking a significant potential breakthrough in bilateral relations.
Read MoreIran's Foreign Minister revealed key progress in ongoing memorandum negotiations with the U.S. Washington pledged to refrain from military threats, respect sovereignty, and avoid internal interference. This breakthrough signals potential de-escalation between the longstanding adversaries.
Read MoreFormer President Trump has expressed renewed optimism about the stalled US-Iran negotiations, suggesting a potential breakthrough and final agreement could be reached as soon as this weekend or early next week, according to insider reports.
Read MoreA senior U.S. official stated that the U.S. and Iran are very close to finalizing a deal to resolve their conflict, with signing expected in the coming days. The agreement reportedly addresses key U.S. objectives, including reopening the Strait of Hormuz and handling Iran's enriched uranium, operating on a 'compliance for relief' principle.
Read MoreBlockworks has acquired rival data platform Messari for over $10 million, a significant discount from Messari's 2022 valuation. The deal highlights the pressure on crypto startups amid the market downturn, as Blockworks shifts its focus from media to data and compliance services.
Read MoreA leading crypto exchange unexpectedly canceled an IPO event due to unforeseen circumstances, promising full refunds. In compensation, it will airdrop $1 million worth of tokenized assets pegged to a specific company's stock, which will later be listed for spot trading.
Read MoreSources report the UAE agreed to unfreeze billions for Iran in exchange for halting attacks, aiming to de-escalate regional tensions and offer a discreet solution to US-Iran conflicts while rebuilding bilateral ties.
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