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Hancock Iron Ore Cuts Hundreds of Jobs at Pilbara Mines, June 17
Hancock Iron Ore cuts jobs at Pilbara mines to extend mine life by 10 years while maintaining 63MTPA production rates.
Cursor AI Lands Landmark $60 Billion SpaceX Partnership Amid AI Developer Tool Boom
Cursor AI has become the center of one of the biggest artificial intelligence deals of 2026. SpaceX announced that it will acquire Anysphere, the company behind Cursor AI, in a $60 billion all-stock transaction. The move highlights the rapid growth of AI developer tools, which have become one of the fastest-growing software categories for enterprise…
Morningstar: Semiliquid Funds Hit $600B as Private Credit Cools, June 16
Semiliquid fund assets reach $600B as of March 2026. Private credit demand cools while private equity and venture capital attract investor capital.
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.
Yum! Brands Shares Edge Higher on $2.7B Pizza Hut Sale to LongRange Capital and Yum China
Shares of Yum! Brands moved slightly higher after the company announced a major restructuring move involving the sale of its Pizza Hut operations for approximately $2.7 billion. The deal, involving LongRange Capital and Yum China, signals a strategic shift aimed at simplifying operations and strengthening long-term growth potential. The announcement attracted strong attention in the…
NASA and Loft Orbital Successfully Run Gemma 3 AI Model in Orbit to Summarize Earth Observation Data
The use of artificial intelligence in space exploration has entered a new chapter. In a major technological breakthrough, NASA and Loft Orbital successfully operated DeepMind’s Gemma 3 AI model in orbit, enabling the system to summarize Earth observation data directly from space. The achievement demonstrates how advanced AI can process large amounts of information closer…
Chinese AI Startup DeepSeek Secures $7.4 Billion Funding as Valuation Exceeds $50 Billion in Major AI Sector Milestone
Chinese artificial intelligence startup DeepSeek has reached a major milestone after securing more than $7.4 billion in fresh funding, pushing its valuation beyond $50 billion. The landmark deal marks one of the largest fundraising rounds in China’s AI industry and further strengthens the country’s position in the global artificial intelligence race. The funding round highlights…
Apple Inc (NASDAQ: AAPL) rises 1.82% to $296.42 as TD Cowen, Maxim reaffirm bullish outlook post WWDC26
Apple Inc (NASDAQ: AAPL) gained fresh momentum in the stock market after shares rose 1.82 percent to close at $296.42. The rally came as leading analysts from TD Cowen and Maxim Group reaffirmed their bullish outlook following the company’s highly anticipated WWDC26 event. The positive reaction highlights investors’ confidence in Apple’s long-term strategy, particularly its…
Top 5 US Equity Picks June 2026: Meyka AI Portfolio System Tracks Winning Stocks in Real Time
Picking the right US equity picks in June 2026 is not guesswork. The Meyka AI portfolio system scans thousands of stocks on the NYSE and NASDAQ in real time, grades each one, and surfaces the names showing the strongest market signals. This month, five mega-cap and large-cap names rose to the top. They carry a…