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U.S. Senate passes the GENIUS Act on June 17 in a 68–30 vote
On June 17, the U.S. Senate approved the GENIUS Act by a 68-30 vote, marking the first major cryptocurrency bill to pass the Senate. With backing from some Democrats, Republican Senator Bill Hagerty led the bill through the Senate on Tuesday.Cryptopolitan
Wed, Jun 18
UK sanctions hit two residents accused of sending tech to Russia
KANANASKIS, Alberta, June 17 (Reuters) - Britain announced new sanctions on people and groups it said were linked to Russian finance, energy and military operations on Tuesday, including two UK residents it accused of sending high-end electronics to Moscow for the war in Ukraine.The two - a Ukrainia...Reuters
Tue, Jun 17
Senate Revised GOP Tax Bill: Debt Ceiling Raised to $5 Trillion, Tax Breaks Expanded
TradingKey - On Monday, U.S. Senate Republicans unveiled a revised version of President Trump's multi-trillion-dollar economic plan, focusing on tax and healthcare provisions. This latest iteration expands certain tax breaks and raises the debt ceiling to $5 trillion, permanently enacting three corpTradingKey
Tue, Jun 17
Partners to Part Ways? OpenAI Weighs Antitrust Claims Against Microsoft
TradingKey - OpenAI's partnership talks with Microsoft have reached an impasse, potentially leading to a breakdown in their relationship, according to The Wall Street Journal. OpenAI seeks Microsoft’s approval for its transformation, while Microsoft wants assurance that its investment interests will
TradingKey
Tue, Jun 17
Trump’s Tariff War Backfires — Inflation Fears and Job Losses Drag Down Public Approval
TradingKey – The economic cost of former President Donald Trump’s trade war with China is becoming increasingly evident. In May, container throughput at the Port of Los Angeles , America’s busiest port, fell 5% year-on-year , with imports dropping 9% and exports hitting their lowest monthly level inTradingKey
Tue, Jun 17
Citigroup Gold Bearish Warning: The $3,000 Support Line May Be Breached! Gold Bull Coming to an End?
TradingKey - A recent gold price forecast report from Citigroup has drawn market attention. In a report released on June 17, the firm pointed out that due to multiple factors, gold prices may gradually decline over the next few quarters, with a 60% probability that prices will fall below $3,000...
TradingKey
Tue, Jun 17
Turnaround Specialist Luca de Meo Joins Kering — Can the Luxury Giant Stage a Comeback?
TradingKey – Boosted by the announcement of a new CEO, shares of Kering, the French luxury giant and parent company of Gucci, surged 11.76% on June 17, marking its biggest single-day gain since November 2008.TradingKey
Tue, Jun 17
Bank of Japan Holds Steady for Three Straight Meetings, Slows Down Bond Taper from Q2 Next Year
TradingKey - On June 17, the Bank of Japan announced that it would keep its policy interest rate unchanged at 0.5%, a decision that aligns with prevailing market expectations. Since March 2025, the Bank of Japan has maintained its position across three consecutive meetings without adjusting...
TradingKey
Tue, Jun 17
Benchmark 10-year bonds lead JGBs lower on shift in BOJ support
BOJ's slower tapering aids JGB market amid weak auction demandMinistry of Finance likely to cut issuance of longer-dated bondsBOJ allows more 10-year notes in lending facility By Junko Fujita and Rocky Swift TOKYO, June 17 (Reuters) - Benchmark 10-year notes led Japanese government bonds lowe...Reuters
Tue, Jun 17
Oracle Stock Pops as Company Shows It Is Catching Up in the Cloud Race. Here's What That Means for Investors
When it comes to cloud computing, Oracle (NYSE: ORCL) has long been an afterthought to the big three players in the space: Amazon's AWS, Microsoft's Azure, and Alphabet's Google Cloud.
The Motley Fool
Tue, Jun 17
BOJ to slow pace of bond taper next year as fresh risks emerge
Board keeps short-term policy rate steady at 0.5%No change to BOJ's current bond taper plan through March 2026BOJ decides to slow balance sheet drawdown in fiscal 2026BOJ to reduce bond buying by Y200 bln per quarterGovernor Ueda to brief media 0630GMTBy Leika Kihara and Makiko Yamazaki TOKYO...Reuters
Tue, Jun 17
OpenAI executives weigh antitrust accusation against Microsoft, WSJ reports
June 16 (Reuters) - OpenAI executives have considered accusing Microsoft MSFT.O, the company's major backer, of anticompetitive behavior in their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter.OpenAI's effort could involve seeking a federal re...Reuters
Tue, Jun 17
Trump Organization to Launch $499 “President Phone” – Experts: “Made in America” Looks to Be Vaporware
TradingKey - The Trump Organization has announced its latest venture — entering the telecommunications and smartphone manufacturing industry with the launch of Trump Mobile, a branded mobile network service, and the T1 smartphone, priced at $499.
TradingKey
Tue, Jun 17
Trump leaves G7 summit early due to Middle East situation
Trump to leave G7 Summit in Canada a day early - White HouseMacron says Trump leaving is positive given potential Middle East ceasefireTrump says removing Russia from G8 in 2014 was a mistakeUS and UK finalize trade deal; Canada says expects deal in 30 daysBy John Irish, Jarrett Renshaw and Andreas ...Reuters
Tue, Jun 17
