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Markets Rally on Iran Peace Deal as Tech Stocks Weigh Down S&P 500, June 17
S&P 500 falls 0.6% as tech stocks decline, while Dow hits record close on Iran peace deal and oil drops below $80.
Take-Two Jumps 6.4% on GTA VI Hype and Bullish Analyst Coverage, June 17
Take-Two stock rises 6.4% on bullish analyst coverage and GTA VI optimism, with a $280 price target set ahead of November launch.
Ben Roberts-Smith Cleared to Attend War Memorial Event, June 17
Former SAS soldier Ben Roberts-Smith granted bail variation to attend Australian War Memorial opening June 23 facing five war crime murder charges.
Suzlon Launches India’s Most Powerful Wind Turbine, Stock Surges 6.6%, June 17
Suzlon Energy stock surges 6.6% after launching S175 5 MW wind turbine, India’s tallest. FY26 revenue hit Rs 16,679 crore with 54% growth.
Nvidia Raises $25 Billion in Bonds, First Sale Since 2021
Nvidia raises $25 billion in bonds with $85 billion investor demand, funding AI infrastructure and refinancing existing debt obligations.
Fox Buys Roku in $22 Billion Deal, Stock Drops June 16
Fox acquires Roku for $22 billion in cash-and-stock deal, paying shareholders $160 per share to close streaming and advertising gaps.
Hong Kong Interest Rates Rise as BOJ Hikes to 31-Year High, June 17
Bank of Japan hikes rates to 1.0%, affecting Hong Kong interest rates. Exchange Fund Bills yield 2.57%. Impact on HKD deposits and loans.
India’s Gold Imports Surge 34% Despite Duty Hike to 15%, June 17
India’s gold imports hit $3.42 billion in May despite duty hike to 15%. Silver imports crashed 87%. Policy aims to ease current account pressure.
West Marine Closes 59 Stores After Chapter 11 Bankruptcy Filing, June 16
West Marine closes 59 stores after Chapter 11 bankruptcy filing due to supply chain issues and consumer shifts. Reorganization planned by mid-August.