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Australia’s $150B Data Centre Boom Saves Economy, June 07
Australia’s $150 billion data centre boom drives economic growth with 160+ facilities operating and 90 planned, raising energy and water concerns.
BlackBerry Stock Falls 9% as CFO Reaffirms AI Strategy, June 07
BlackBerry stock falls 9% to $9.41 as CFO reaffirms AI vision. Year-to-date gain of 148% raises valuation concerns amid QNX growth momentum.
Hydro-Quebec Net Income Falls 10% as Reservoir Hits 21-Year Low
Hydro-Quebec’s Q1 net income drops 10% to CAD 1.8 billion as Caniapiscau reservoir hits 21-year low at 24% capacity due to drought.
Germany’s Armed Forces Day Draws Record 300,000 Visitors, June 07
Germany’s Tag der Bundeswehr 2026 draws record 300,000 visitors as Defense Minister Pistorius emphasizes civil-military unity and democratic defense.
South Korea Eyes Canada Submarine Deal with CAD $3.1B Hydrogen Plan, June 07
HD Hyundai expands Canada submarine bid with CAD $3.1B hydrogen truck ecosystem, oil refining, and mining projects. Decision due by end of June 2026.
Elon Musk Set to Become First Trillionaire on June 12, 2026
Elon Musk projected to become first trillionaire when SpaceX IPO reaches $1.77 trillion valuation, combining Tesla and SpaceX holdings.
Micron Stock Plunges 13% as AI Spending Concerns Mount, June 07
Micron stock fell 13% on June 6 amid AI spending concerns. Memory chip maker faces valuation questions despite strong guidance.
30-Year Mortgage Rate Hits 6.48% on June 06, Fed Has Limited Control
30-year mortgage rates average 6.48% on June 6, 2026. Bond markets and inflation expectations, not the Federal Reserve, drive mortgage costs.
Microsoft Stock Falls 8% as AI Concerns Persist, June 07
MSFT falls 8% this week to $416.67 as AI strategy concerns weigh. Wells Fargo raises target to $650, but stock down 6% YTD. Meyka rates it A-.