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QQQM Falls 4.8% as Growth ETF Faces Selling Pressure, June 06
QQQM drops 4.8% to $290.35 as growth ETFs face selling. VGT and VUG also decline. Meyka rates QQQM a B with $256.27 yearly target.
Strategy Stock Crashes 7% as Bitcoin Sale Triggers Investor Panic, June 06
Strategy stock fell 7% Friday after Bitcoin holder sold 32 coins for first time since 2022, breaking buy-only stance.
VIX Spikes 39.7% as Tech Selloff Triggers Wall Street Fear, June 06
VIX surges 39.7% to 21.51 as tech stocks plunge on rate hike fears. Nasdaq falls 4%, S&P 500 drops 2.6% in worst day since October.
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.