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Dow Jones Falls 0.16% to 50,786 as Tech Rebounds, June 09
Dow Jones fell 0.16% to 50,786 on Monday as chip stocks rebounded. S&P 500 rose 0.3%, Nasdaq climbed 0.9% amid tech recovery.
Apollo and Blackstone Commit $35 Billion to Anthropic’s AI Infrastructure
Apollo Global Management and Blackstone have finalized a $35 billion financing package for Anthropic, marking one of the largest private credit transactions in AI history. The funding will help Anthropic secure advanced AI computing infrastructure, primarily through Google’s custom Tensor Processing Units, known as TPUs, which are essential for training and running large language models…
Japan Deploys Armed Robots at Military Drill, June 09
Japan’s Self-Defense Force debuts machine-gun equipped unmanned vehicles at its annual military exercise with new robotic systems.
Oil Prices Surge on Iran-Israel Conflict, Fuel Costs Rise, June 09
Oil prices surge as Iran-Israel conflict escalates. Brent crude rises to $97, heating oil hits €1.33/L in Germany amid Strait of Hormuz blockade.
Airbus, Dassault Abandon €100B Fighter Jet Project, June 09
France and Germany halt €100B FCAS fighter jet program due to industrial disputes between Airbus and Dassault over project leadership.
FTSE 250 Slips 0.21% to 23,012.33 on June 09
FTSE 250 drops 0.21% to 23,012.33. Seraphim Space joins index after 39% rise. Mid-cap index faces geopolitical and tech sector headwinds.
Social Security Payments Begin June 10; Insolvency Looms in 2032
Social Security payments begin June 10 for those born 1st-10th. Program faces 2032 insolvency with potential 28% benefit cuts affecting millions.
UOB Asset Management Sale to AllianzGI Could Unlock Wealth Push, June 09
AllianzGI in exclusive talks to acquire UOB Asset Management for up to S$600 million to support UOB’s wealth management expansion by 2030.
Alderney Ferry Subsidy Scrapped After Failed Tender, Fares Rise £15
Alderney scraps subsidised ferry service after failed tender process. Alderney Ferry Services raises fares by £15 per person as subsidy ends.