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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.
Micron Technology Falls 7.7% as Broadcom Sparks Chip Selloff, June 05
Micron Technology (MU) stock fell 7.7% to $996 on June 4 after Broadcom missed AI revenue expectations, triggering a $650 billion chip sector selloff.
Dow Hits Record 51,562 as Investors Flee AI Chips, June 05
Dow Jones hits record 51,562 as investors rotate from AI chips to healthcare. Broadcom falls 12% on weak forecast. S&P 500 gains 0.41%.
Anthropic Files for IPO at $965B Valuation, Surpasses OpenAI
Anthropic files for IPO at $965B valuation with Morgan Stanley and Goldman Sachs leading. Listing expected as early as October 2026.
Siemens Energy Starts €1B Buyback as Forecast Rises, June 04
Siemens Energy launches €1B buyback as 2026 revenue forecast rises to 14-16% on record orders and strong cash flow.
Bakersfield Bank Standoff Ends as FBI Kills Suspect, All Hostages Safe
FBI ends Bakersfield bank hostage crisis after 15 hours. Suspect shot dead, all hostages released unharmed. Downtown area evacuated, roads closed.
SpaceX Seeks $75 Billion IPO Valuation With 555.6 Million Shares
SpaceX is preparing for what could become the largest initial public offering in market history. The Elon Musk-led space and satellite company is reportedly seeking to raise $75 billion by selling 555.6 million shares at a target price of $135 per share. The proposed deal values SpaceX at approximately $1.75 trillion, placing it among the…
Australian Police Make Multiple Arrests in June 03 Crime Sweep
Australian police arrest multiple suspects across states for drug trafficking and vehicle theft in coordinated operations.
JPMorgan CEO Dimon Vows to Fight Clarity Act, May 31
JPMorgan CEO Jamie Dimon opposes the Clarity Act, which would let crypto firms pay deposit interest without banking safeguards. Senate vote pending.