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BIS warns AI investment boom could unravel faster than 2008 banking crisis
The Bank for International Settlements (BIS) warned that if AI has a major contraction, similar to prior recessions, it could have a much greater impact on global stock markets than previous recessions. The reason for this concern is that, with all the uncertainty surrounding the financing of AI, many of the investments in AI projects...Cryptopolitan
Mon, Jun 29
Indices
United States Dollar Index declines as US-Iran attacks halt
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues its losing streak for the third consecutive day and is trading around 101.20 during the European hours on Monday.
Fxstreet
Mon, Jun 29
Economic Indicator
S&P 500: Tech-led correction after chip rout – Deutsche Bank
Deutsche Bank Research reports that the S&P 500 and Nasdaq fell last week in a global tech sell-off, with the Magnificent 7 entering correction territory. Chipmakers led the weakness as the Philly Semiconductor Index slumped despite Micron’s revenue beat.
Fxstreet
Mon, Jun 29
Stocks
Port Dickson, Kuala Terengganu and Cameron Highlands see rising family travel interest this school holiday, according to Agoda
SINGAPORE, June 29, 2026 /PRNewswire/ -- Malaysian families are approaching the mid-year school holidays with a more flexible travel mindset, balancing convenient domestic breaks with growing interest in regional destinations across Asia, according to Agoda accommodation searches. Based ...PR Newswire
Mon, Jun 29
Forex
USD/JPY Price Forecast: Remains sideways below 162.00 despite Japan intervention fears
The USD/JPY pair trades in a tight range around 161.80 during the European trading session on Monday. The pair struggles for a direction while market experts remain confident of Tokyo’s intervention to support the Japanese Yen (JPY).Fxstreet
Mon, Jun 29
Stocks
Japan and South Korea Stocks See 'Drop Before Rally.' SoftBank Plunges 5%, SK Hynix Defies Trend to Lose Only 1%
The KOSPI and Nikkei 225 staged a "fall-then-rise" trend, as SoftBank plunged over 5%, Samsung Electronics and Kioxia fell about 4%, and SK Hynix dropped around 1%.TradingKey
Mon, Jun 29
Stocks
Solidion Technology (Nasdaq: STI) Adopts SpaceX-Focused Treasury Strategy for Corporate Cash Reserves
Company intends to opportunistically acquire SpaceX shares as a long-term strategic treasury holding, reflecting alignment with the next era of aerospace, energy, and transportation infrastructure DALLAS, June 29, 2026 /PRNewswire/ -- Solidion Technology, Inc. (Nasdaq: STI), an advanced battery mat...PR Newswire
Mon, Jun 29
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Top News
SK Hynix Denies Acquiring Intel US Fab, Shares Fall Below $1,347 Level
IBM Stock Steady at $213 Before Wednesday Earnings — 7% Options Swing
SpaceX Stock Price Forecast: SpaceX Short Bets Surge, Musk Warns Short Sellers May Pay the Price, Can the Stock Price See a Reversal?
Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?
Google Strikes Before Q2 Earnings: Releases Gemini 3.6 Flash and Three New Models Focused on Extreme Cost-Performance
