News
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Novo Nordisk Terminates Weight-Loss Drug Partnership with Hims&Hers – NVO Drops 7%, HIMS Plummets 25%
TradingKey - Just two months into their weight-loss drug partnership, Novo Nordisk (NVO) announced on Monday, June 23, that it is terminating its collaboration with telehealth company Hims&Hers (HIMS). The move sent shockwaves through the market, with shares of the so-called "AI + healthcare" growth
TradingKey
Mon, Jun 23
Crypto funds extend inflows streak to 10 weeks, BTC sees $15.1B YTD boom
Crypto funds extended their positive streak to ten consecutive weeks with $1.24 billion in inflows. The year-to-date inflows reached a record $15.1 billion despite geopolitical uncertainties and US holiday trading interruptions affecting weekly momentum patterns.
Cryptopolitan
Mon, Jun 23
Super Micro drops after planned $2 bln convertible bonds sale unveiled
Shares of AI server maker Super Micro Computer SMCI.O down 3.9% before the bell to $43.54 as it looks to raise capital. San Jose, California-based SMCI announces private offering of $2 bln 5-yr convertible bonds (CBs)** It plans to use portion of net proceeds to fund capped calls, derivative tra...
Reuters
Mon, Jun 23
Trump Eases Geopolitical Fears in U.S. Markets? Morgan Stanley Sees Selloff to Fade, “Roaring 20s” Still Alive
TradingKey - Despite escalating tensions between Israel and Iran, U.S. equities have remained surprisingly resilient, showing few signs of broad panic. After the U.S. launched direct strikes on Iranian nuclear facilities, Morgan Stanley suggested that the geopolitical-driven selloff may fade, with..TradingKey
Mon, Jun 23
$4 Billion Investment in Shanghai! Tesla's First Grid-Scale Energy Storage Project in China Officially Signed
TradingKey - On June 20, Tesla announced a significant investment of 4 billion yuan for its first grid-scale energy storage project in China. Following the announcement of this agreement, Tesla's stock experienced positive momentum, reaching an intraday high of $332.36 on the 20th, marking a...
TradingKey
Mon, Jun 23
Supertankers' U-Turn Signals Escalating Middle East Tensions, More Oil Upside After Recent Highs?
TradingKey - In light of a US airstrike on Iranian nuclear facilities, two super tankers each capable of carrying about 2 million barrels of oil made an unexpected U-turn upon entering the Strait of Hormuz, steering away from the entrance to the Persian Gulf, Bloomberg reports on June 22, Eastern Ti
TradingKey
Mon, Jun 23
Tesla's Tepid Robotaxi Launch: Only 10 Cars Day One! Dawn of A Golden Era or Losing Out to Waymo?
TradingKey - On Sunday, June 22, Tesla officially launched its autonomous taxi service, Robotaxi, in Austin, Texas. Compared to Elon Musk’s ambitious plans for autonomous taxis over the years, the commercial rollout of Robotaxi seems underwhelming.TradingKey
Mon, Jun 23
Stock Market "Miracle" Amid Israel-Iran Conflict: Israeli Stock Index Hits Record High as War Intensifies
TradingKey – As missile war between Israel and Iran continues to escalate, the Israeli stock market has defied expectations, rising for six consecutive sessions and hitting a new all-time high — an unusual and counterintuitive market reaction that has surprised many observers. Analysts suggest thisTradingKey
Mon, Jun 23
US May core PCE to be released, Powell to appear on Capitol Hill, Nvidia to hold its annual shareholders meeting [The week ahead]
TradingKey - Last week, US stocks saw mixed movements as the Federal Reserve maintained its expectation of two interest rate cuts this year during the last monetary policy meeting of the first half of the year, but indicated that the impact of tariff issues has yet to materialize.
TradingKey
Mon, Jun 23
China says US attack on Iran has damaged its credibility
China cautions about 'spillover of war' after US strikes on IranBeijing's UN ambassador urges ceasefireChinese people willing to leave Iran have all been evacuated, FM says HONG KONG/BEIJING, June 23 (Reuters) - China said the U.S. attack on Iran's nuclear facilities had damaged W...Reuters
Mon, Jun 23
EUROPE GAS-Prices rise as geopolitical tensions fuel supply disruption concerns
LONDON, June 23 (Reuters) - Dutch and British wholesale gas prices rose on Monday morning as markets braced for Iran's response to the U.S. attack on its nuclear sites and raised fears of supply disruptions and higher insurance costs if Tehran moves to close the Strait of Hormuz.Reuters
Mon, Jun 23
U.S. Entry into Conflict – Morgan Stanley Outlines Three Oil Price Scenarios: From $60 to $140 per Barrel
TradingKey - Escalating tensions between Israel and Iran have sent international oil prices sharply higher, with U.S. airstrikes on Iran intensifying concerns over broader disruptions to crude supply. A recent report from Morgan Stanley outlines three potential conflict scenarios that could ...TradingKey
Mon, Jun 23
Fed Officials Divided on Rate Cut Outlook: A July Cut Looks Fishy, Fall Cuts More Likely
TradingKey - Since the implementation of Trump tariffs, Federal Reserve officials have remained uncertain about their inflationary impact. After the June FOMC meeting, the dovish camp within the Fed has weakened, and a growing divergence in views among policymakers has emerged regarding the timing..TradingKey
Mon, Jun 23
KRW Stablecoin Incoming? Kakao Pay Files Trademarks as KAIA Token Defies Market Slump
TradingKey – South Korean fintech giant Kakao Pay is preparing to launch a won-pegged stablecoin, fueling a sharp rally in its affiliated token Kaiachain (KAIA) despite a broader crypto market downturn.
TradingKey
Mon, Jun 23
Dollar advances as investors brace for Iran response to US attacks
SINGAPORE, June 23 (Reuters) - The U.S. dollar firmed on Monday as anxious investors sought safety, although the restrained moves suggest markets were waiting for Iran's response to U.S. attacks on its nuclear sites that have exacerbated conflict in the Middle East.Reuters
Mon, Jun 23
Fed may need less forward guidance in uncertain times, Daly says
SAN FRANCISCO, June 22 (Reuters) - The U.S. central bank should consider giving less forward guidance about its monetary policy intentions, particularly in uncertain times, San Francisco Federal Reserve Bank President Mary Daly said on Sunday. "Words have power, which is a great tool. But words...Reuters
Mon, Jun 23
