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Bitcoin Crashes to $60,922 as Worst Week Since 2022 Deepens
Bitcoin drops to $60,922 in worst week since 2022, down 14% weekly and 30% year-to-date as capital rotates to AI and IPOs.
Rheinmetall Dividend Yield Hits 11.5% as German Defense Stock Soars
Rheinmetall AG offers 11.5% forward dividend yield. German defense stock with strong earnings and high payout attracts dividend investors.
American Express Falls 0.6% as Credit Stress Concerns Weigh, June 06
AXP stock fell 0.6% to $310.66 as Q1 delinquency rates hit 13.1%, offsetting strong earnings beat and revenue growth.
HSBC Faces French Charges Over Lebanon Bank Scandal, June 06
HSBC faces preliminary charges from French prosecutors over assisting Lebanese central bank governor Riad Salameh in alleged fund misappropriation.
HSBC Faces €80M Bond Over Lebanon Money Laundering Case, June 06
HSBC faces formal charges in France for allegedly helping Lebanon’s central bank chief launder USD 330 million, ordered to post 80 million euro bond.
Dow Hits Record 51,562 as Investors Flee AI Chips, June 06
Dow Jones hits record 51,562 as Broadcom’s AI guidance miss sparks rotation from tech into financials and healthcare.
Japan Stocks Fall on US Chip Weakness, Broadcom Shock Spreads, June 06
Broadcom’s weak earnings triggered a semiconductor selloff in Japan. Nikkei 225 fell 882 points as AI and chip stocks declined across Asia.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops below $61,500 amid Strategy’s BTC sale and hedge fund outflows triggering $635B in liquidations. Meyka rates BTC C+.
PayPay Stock Falls 10.6% on T&D Insurance Acquisition Deal, June 06
PayPay acquires 70.2% stake in T&D Financial Life Insurance, expanding into life insurance with SoftBank’s AI technology backing.