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Oil Prices Surge 3% as Iran-Israel Strikes Test Hormuz Ceasefire, June 08
Oil prices surge 3% to $96.05 Brent amid Iran-Israel strikes and 14-week Strait of Hormuz closure, triggering OPEC+ supply crisis response.
Australia’s Data Centre Boom Eclipses Mining Surge, June 08
Australia’s data centre investment boom in NSW and Victoria now exceeds the 2010s mining boom, injecting $300 billion as AI demand surges.
Nikkei 225 Falls 1.3% to 66,588 on Broadcom Shock, June 08
Nikkei 225 falls 1.3% to 66,588 on June 08 as Broadcom’s weak AI chip guidance sparks global tech rout. Index down from 68,786 record high.
Gold and Silver Crash on US Jobs Data, June 08
Gold falls 3.3% to ₹1.55 lakh/10g, silver drops 7% to ₹2.48 lakh/kg on strong US jobs data and rate cut expectations.
Hong Kong Stocks Face Sharp Selloff as US Jobs Data Triggers Global Rout, June 08
Hong Kong stocks plunge as strong US jobs data fuels rate hike fears. Hang Seng faces sharp selloff on June 8 after Nasdaq crashes.
SpaceX IPO Targets $1.75 Trillion Valuation, June 07
SpaceX IPO seeks $75B at $1.75T valuation with $150B investor demand. Mega-tech offerings could create summer market headwinds, analysts warn.
Strait of Hormuz Tensions Spike as Pakistan Pushes Iran Peace Deal, June 08
US shoots down Iranian drones in Strait of Hormuz as Pakistan mediates peace talks. War reaches 100 days with fragile ceasefire at risk.
RFK Jr. Seeks Access to Americans’ Medical Records, June 07
RFK Jr.’s HHS seeks medical records to study vaccines and autism, raising privacy and legality concerns among public health leaders.
SpaceX IPO June 12: Musk Targets $1.8 Trillion Valuation
SpaceX IPO on June 12 targets $1.8 trillion valuation. Elon Musk’s net worth could reach $1.1 trillion. S&P 500 entry expected 2028.