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Consumer Price Index Jumps 4.2% in May, Strengthening the US Dollar and Pressuring Gold
A hotter inflation reading has once again become the center of attention for investors. The latest US inflation report showed that the Consumer Price Index rose 4.2% year over year in May, matching market forecasts and marking the highest inflation level since April 2023. The report triggered renewed debate about Federal Reserve policy, Treasury yields,…
Kioxia Stock Plunges 7.8% on June 11 as Chip Rally Fizzles
Kioxia stock fell 7.8% to ¥70,500 on June 10 amid chip sector weakness and profit-taking after AI-driven rally.
Gold Slides 3.6% After US-Iran Clashes Reignite Rate Hike Bets, June 11
Gold futures fell 3.6% to $4,133.30 after US-Iran tensions renewed inflation concerns and rate hike bets. Spot gold dropped 4.5% to $4,070.56.
NASA Selects Artemis III Crew for 2027 Lunar Test Mission, June 10
NASA names Artemis III crew: Randy Bresnik, Luca Parmitano, Frank Rubio, and Andre Douglas. 2027 mission precedes 2028 Moon landing.
Pentagon Adds BYD, Alibaba, Baidu to Military List, June 11
Pentagon designates BYD, Alibaba, and Baidu as Chinese military companies. Stocks fall 1-3.6% as U.S. restricts defense contracts with the firms.
NASA Names Artemis III Crew for 2027 Moon Test Mission, June 10
NASA names Artemis III crew: Commander Bresnik, Pilot Parmitano, and specialists Rubio and Douglas for 2027 moon lander test.
FTSE 100 Edges Up 0.27% as Middle East Tensions Weigh, June 11
FTSE 100 rises 0.27% to 10,254.81 as markets balance deal optimism against US-Iran tensions and 4.2% US inflation. Oil near $91/barrel.
Vedanta Plans $5.2B Refinancing After Credit Upgrades, June 11
Vedanta Resources plans $5.2 billion refinancing of bonds and loans after S&P and Moody’s upgrades. Net debt fell to $4.9 billion as of March 2026.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.