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IndiGo Suspends Six Routes Until September, Cites Rising Costs
IndiGo suspends flights to six Asian destinations until September 30, 2026, due to weak demand and high operational costs.
Marvell and Flex Join S&P 500 on June 22, Signaling Tech Shift
Marvell Technology and Flex join S&P 500 on June 22, replacing Pool Corp and Campbell’s. AI infrastructure demand drives semiconductor gains.
PHLX Chip Index Crashes 10.3% on Broadcom Shock, June 06
PHLX Semiconductor Index drops 10.3% on June 05, erasing $1.3 trillion in market value amid weak AI chip demand.
McDonald’s Tests AI Drive-Thru System ArchIQ at Five Locations, June 06
McDonald’s tests ArchIQ AI drive-thru system at five US locations with 90% order completion rate and 2.6% stock gain.
Pentagon Hires Jan. 6 Rioter for Counterterrorism Role, June 06
Pentagon hires Jan. 6 rioter Elias Irizarry for counterterrorism role after Trump pardon.
Australia’s Capital Gains Tax Overhaul: What the 2026 Budget Means, June 06
Australia’s 2026 Budget replaces the 50% CGT discount with inflation indexation and introduces a 30% minimum tax from July 2027.
Bitcoin Crashes 4.1% to $60,968 as Fed Rate Hike Bets Surge
Bitcoin drops 4.1% to $60,968 USD after strong US jobs report fuels Fed rate hike expectations and capital rotation to gold and AI stocks.
Bitcoin Falls Below $61K as Tech Selloff Triggers Liquidations, June 06
Bitcoin drops to $60,968 amid 4.4% daily loss as Nasdaq falls 4% on chip stock selloff. Oversold technicals suggest potential reversal near support.
Air Canada Launches Toronto-Shanghai Route, Stock Holds at C$21.41
Air Canada’s Toronto-Shanghai nonstop route launches June 3, 2026, with four weekly A321XLR flights covering 16 hours.