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Newly appointed Fed Chair Kevin Wash faces soaring inflation and a hot job market just weeks into his term. With inflation hitting a three-year high, he may be forced to abandon Trump's push for rate cuts and instead raise interest rates to cool the economy. Next week's policy meeting will be a critical early test.
Read MoreThe US Supreme Court ruled 6-3 to dismiss private lawsuits under the Investment Company Act of 1940, favoring asset managers like BlackRock. The decision raises the bar for individual plaintiffs, impacting shareholder activism and fund governance.
Read MoreTSMC's stock price rose over 2%. Supply chain sources indicate that due to rising costs, TSMC may increase foundry prices in the second half of the year, with the high-demand 3nm process potentially seeing a 15% hike. Despite capacity expansion, AI chip demand continues to outpace supply, keeping customer waitlists long.
Read MoreA senior Iranian parliamentary security official issued a stern warning in response to recent U.S. threats, pledging stronger and more painful countermeasures. This exchange signals a fresh escalation in tensions between the two nations.
Read MoreUS President Trump expressed uncertainty over public support for a military seizure of Iran's Kharg Island, a crucial oil hub. He hinted Iran desires a deal, but officials warn such ground operations carry high risks of significant US casualties.
Read MoreOn June 11th, the Nasdaq 100 index surged significantly, expanding its gains to 1.5%, highlighting a strong rebound in the technology sector. This performance reflects markedly improved market sentiment, with growing investor confidence in high-growth tech firms injecting positive signals into the recent volatile market.
Read MoreUS wholesale prices surged unexpectedly in May, marking the sharpest increase in over a year. Businesses grapple with rising costs for labor, materials, and transport. While hesitant to fully pass increases to price-sensitive consumers, economists warn that some inflationary pressure will inevitably reach the retail level.
Read MoreIntel's stock jumped over 10% early on June 11. Bank of America upgraded Intel from "Underperform" to "Buy" with a $135 target. The bank is increasingly confident in Intel's server chip and external foundry prospects, forecasting 2030 EPS to significantly exceed prior estimates, with long-term profit potential potentially doubling.
Read MoreThe World Bank warns that sustained Middle East conflict could slash 2024 global growth to less than half of 2025 projections, driven by energy disruptions and market volatility. Growth is forecast to slow to 2.5%, among the weakest in decades, with developing nations and poor households bearing the brunt.
Read MoreTether, the leading stablecoin issuer, faces a key executive departure as Chief Commercial Officer Benjamin Habbel leaves after only nine months, returning to his private equity firm, raising questions about strategic continuity.
Read MoreDespite ramping 3nm wafer output to 175,000 monthly, TSMC struggles to meet exploding AI chip demand. With customer queues persisting and upstream costs rising, the foundry is considering price hikes up to 15% for advanced nodes in H2 2024.
Read MoreNew Street Research has initiated coverage on SpaceX with a 'Buy' rating and a $165 price target. This optimistic outlook underscores the firm's confidence in SpaceX's execution across launch services, Starlink, and its long-term interplanetary ambitions, potentially reigniting investor interest in the burgeoning space sector.
Read MoreNakamoto Capital reduced its debt by approximately $45 million through the sale of around 600 BTC and related derivatives, generating about $48 million in net proceeds. Post-transaction, the company holds roughly 4,467 BTC. The board also authorized a share repurchase program of up to $25 million, effective until December 2026.
Read MorePresident Trump commented on Iran, revealing ongoing negotiations but noting Iranian pride. He emphasized U.S. military superiority, including undetected flights over Tehran, and reiterated firm opposition to Iran obtaining nuclear weapons.
Read MoreSpaceX's IPO has captivated the market, with retail investor orders exceeding $700 billion, highlighting unprecedented public enthusiasm for space commercialization. The company plans to allocate over 20% of shares to retail and nearly 10% to international investors, signaling strong market confidence in the aerospace sector.
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