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Stocks, crypto, and dollar crash rapidly while oil prices surge as Iran and Israel kick off their war
Markets across the board fell hard late Thursday after Israel launched airstrikes on Iran, kicking off what could become a larger regional conflict. The reaction was instant. Dow futures dropped 400 points, or 0.9%, S&P 500 futures fell 1.1%, and the Nasdaq 100 sank 1.3%, according to CNBC. This happened right after Israeli Defense Minister […]Cryptopolitan
Fri, Jun 13
Other
Golf-Spaun tames Oakmont for US Open lead while big names struggle
Spaun cards the day's only bogey-free round at OakmontReed makes fourth albatross in recorded U.S. Open historyTwice champion Koepka finishes strong to enter the mixBy Frank PingueOAKMONT, Pennsylvania, June 12 (Reuters) - Unheralded J.J. Spaun outshined the game's top players and led the U...Reuters
Fri, Jun 13
Commodities
GRAINS-Soybeans set for weekly loss on demand worries, ample global supply
BEIJING, June 13 (Reuters) - Chicago soybeans fell for a third straight session on Friday and are on track for a weekly loss, pressured by uncertainty over U.S. biofuel mandates, weak exports, and ample global supplies.Wheat is also headed for a weekly loss, weighed by sluggish demand, abundant supp...Reuters
Fri, Jun 13
Other
Airo Announces Pricing Of Its Initial Public Offering
June 12 (Reuters) - AIRO Group Holdings Inc AIRO.O:AIRO ANNOUNCES PRICING OF ITS INITIAL PUBLIC OFFERINGAIRO GROUP HOLDINGS INC - PRICES IPO AT $10.00 PER SHAREAIRO GROUP HOLDINGS INC - PRICES INITIAL PUBLIC OFFERING OF 6 MILLION SHARES OF ITS COMMON STOCK AT A PUBLIC OFFERING PRICE OF $10.00 PER S...Reuters
Fri, Jun 13
Stocks
Huge News for CoreWeave Stock Investors
This up-and-coming AI company is partnering with some of the biggest companies in the world to deliver computing power.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were the afternoon prices of...The Motley Fool
Fri, Jun 13
Commodities
Oil prices jump more than $4 after Israel strikes Iran
June 13 (Reuters) - Oil prices jumped more than $4 a barrel on Friday after Israel said it struck Iran, raising concerns of escalating tensions in the Middle East that may affect oil supplies.Brent crude futures LCOc1 were up $4.02, or 5.8%, at $73.38 a barrel. U.S. West Texas Intermediate crude CLc...Reuters
Fri, Jun 13
Stocks
GLOBAL MARKETS-Stocks slide, oil and gold jump after Israel strikes Iran
By Kevin Buckland TOKYO, June 13 (Reuters) - Stocks dived in early Asian trade on Friday, led by a selloff in U.S. futures while safe havens like gold and the Swiss franc climbed along with crude oil prices on news that Israel had conducted a military strike on Iran.U.S. S&P e-mini futures ES...Reuters
Fri, Jun 13
Other
Golf-Oakmont deals early blow to DeChambeau's US Open hopes: 'It got me'
By Frank PingueOAKMONT, Pennsylvania, June 12 (Reuters) - Bryson DeChambeau has been a fixture on leaderboards at major championships but had a less-than-ideal start to his U.S. Open title defense at Oakmont Country Club on Thursday where thick rough and slick greens took their toll.DeChambeau foun...Reuters
Fri, Jun 13
Cryptocurrencies
UNI Flashes Strength After Breaking Past Key Resistance Levels, What’s Next?
In a recent update shared by Crypto Man MAB on X, UNI’s price action has taken a bullish turn. The token is currently trading at $8.403, up 1.82% (+$0.150), and has managed to break past the previous resistance range of $ 7.50–$ 8.00. This upward movement signals growing buying interest, and that mo...NewsBTC
Fri, Jun 13
Stocks
This Incredibly Cheap Artificial Intelligence (AI) Chip Stock Wants to Become the Next Broadcom
Broadcom has become one of the leading players in the artificial intelligence (AI) semiconductor market thanks to its expertise in application-specific integrated circuits (ASICs), which are custom processors designed for performing specific tasks.The demand for these custom processors has been impr...The Motley Fool
Fri, Jun 13
Stocks
RPT-COLUMN-Is the Fed still in a 'good place'?: McGeever
By Jamie McGeeverORLANDO, Florida, June 12 (Reuters) - At the Federal Open Market Committee meeting next week, investors will scrutinize all communications for any sign that the recent softening in U.S. inflation could be enough to nudge policymakers closer to cutting interest rates.Current economic...Reuters
Fri, Jun 13
Other
Israel strikes Iran, no US involvement, US officials say
WASHINGTON, June 12 (Reuters) - Israel has begun carrying out strikes on Iran, two U.S. officials said on Thursday, adding there was no U.S. assistance or involvement in the operation.The officials, who spoke on condition of anonymity, declined to provide further information.Reuters
Fri, Jun 13
Other
Norfolk Southern board elects Richard Anderson as chair
June 12 (Reuters) - Railroad operator Norfolk Southern NSC.N said on Thursday it had elected former Delta Air Lines CEO Richard Anderson as the independent chair of the board effective immediately.Anderson will additionally serve as chair of the Executive Committee and Strategy & Planning Commit...Reuters
Fri, Jun 13
Stocks
GLOBAL MARKETS-Stocks tick up but dollar hits 2025 low amid mixed macro signals
June 12 (Reuters) - The dollar hit a 2025 low on Thursday but Wall Street stocks continued their recent rally as traders weighed low inflation readings, rising Middle East tensions, and the fragility of a U.S.-China trade truce.Reuters
Fri, Jun 13
Stocks
US STOCKS-S&P 500 ends higher as Oracle reignites AI rally; Boeing drops
June 12 (Reuters) - The S&P 500 ended higher on Thursday after a strong outlook from Oracle fueled optimism around artificial intelligence, offsetting worries about tension in the Middle East and a drop in Boeing shares.Reuters
Fri, Jun 13
Commodities
Oil settles lower as traders gauge Middle East tensions
NEW YORK, June 12 (Reuters) - Oil prices settled slightly lower on Thursday as traders booked profits from a 4% rally in the prior session, driven by concerns that worsening tensions in the Middle East could cause supply disruptions.
Reuters
Fri, Jun 13
Other
Nvidia to stop including China in forecasts amid US chip export controls, CNN reports
June 12 (Reuters) - Nvidia NVDA.O will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough U.S. restrictions on chip sales to China, CEO Jensen Huang told CNN on Thursday.
Reuters
Fri, Jun 13
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