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Nasdaq Falls 0.97% as Chip Rally Fizzles, June 10
Nasdaq Composite falls 0.97% to 25,678.82 as chip stocks retreat. S&P 500 down 0.26%. Oil prices drop on Middle East ceasefire hopes.
Swiss Hydrogen Stations Close as Agrola Exits Market, June 10
Agrola closes three hydrogen stations by end of 2026, signaling challenges for hydrogen vehicle adoption in Switzerland.
Oil Reserves Depleting as Hormuz Blockade Persists, June 10
Iran war threatens oil supplies as Strait of Hormuz blockade persists. Brent crude near $100/barrel with risk of price shock in H2 2026.
Bank of Canada Signals No Quick Fix for Housing Market, June 09
Bank of Canada maintains steady housing policy as debt-stressed households face mortgage renewal challenges and refinancing pressures.
S&P 500 Falls 0.26% as Chip Rebound Fizzles, June 10
S&P 500 drops 0.26% to 7,386.65 on June 9 as chip stocks fade and Middle East tensions rise. Nasdaq falls 0.97%. Dow gains 0.17%.
Nasdaq Falls 0.97% as Chip Rally Fades, June 10
Nasdaq Composite fell 0.97% to 25,678.82 on June 9 as chip stocks retreated. Meyka rates it C+ with a 12-month target of $22,613.65.
Senate Spending Stalled as Collins, Democrats Clash Over Defense Budget, June 09
Senate Appropriations Chair Susan Collins halts spending bill markups amid partisan dispute over defense and domestic funding totals.
Iran War Costs UK Economy £25 Billion in Added Expenses, June 10
Iran war adds £25 billion in costs for UK and global firms as energy prices surge and supply chains face disruption.
UK’s £100,000 Tax Trap Widens as Allowance Stays Frozen, June 10
£100,000 tax threshold frozen for 2026/27, triggering 60% tax trap as personal allowance withdraws for higher earners.