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Nvidia Falls 3.6% as AI Funding Boom Threatens Bull Market, June 04
Cramer warns AI funding surge threatens bull market. Nvidia falls 3.6% as investors may sell winners to fund AI projects. Alphabet raises $847.5B.
LG Group to Adopt 10,000 Nvidia GPUs for AI and Humanoid Robot Development
The LG Group has announced a major expansion in its artificial intelligence strategy by planning to adopt 10,000 Nvidia GPUs for AI model training and humanoid robot development. This move highlights the company’s growing ambition to become a global leader in next-generation AI and robotics technologies. The decision reflects how large industrial conglomerates are investing…
EU-Mercosur Trade Deal Provisionally Applied, June 04
EU-Mercosur trade deal provisionally applied May 1st, covering 700M people and €84B annual trade. Faces EU Parliament vote and court review.
Puma Shares Jump 7% as Citi Upgrades Stock to Buy, Raises Target to €35
The Puma stock surged by 7% after Citi upgraded the company to a “Buy” rating and raised its price target to €35. The upgrade triggered strong investor interest, leading to a sharp rise in buying activity across European equity markets. The positive move reflects renewed confidence in the sportswear giant as analysts highlight improving brand…
Japan Chemical Weapons Cleanup Accident Injures 2 Workers, June 04
Two Japanese workers hospitalized after toxic gas exposure during cleanup of abandoned WWII chemical weapons in China.
Hegseth Removes All Women From Navy Admiral Promotions, June 04
Defense Secretary Pete Hegseth removed nine Navy officers from promotion list, resulting in all-male admiral slate.
Dow Futures Rise 0.5%, Nasdaq Futures Sink 1% After Broadcom Earnings Disappoint
Dow futures climbed about 0.5% on June 5, while Nasdaq futures dropped nearly 1% after Broadcom’s latest earnings report failed to meet Wall Street’s high expectations. The sharp market split highlights growing investor concerns about whether the AI-driven rally can maintain its momentum. Semiconductor stocks came under pressure, even as buyers moved into blue-chip names….
Hong Kong Civil Service Pay Talks: Unions Push 4.12% Raise, June 04
Hong Kong civil service unions seek 4.12% uniform pay raise for 2026 amid staffing shortages and rising living costs.
Broadcom Stock Crashes 14% as AI Chip Forecast Disappoints, June 04
Broadcom stock fell 14% after Q2 earnings beat but Q3 AI guidance of $16B missed $17.2B estimates. AI revenue grew 143% YoY to $10.8B.