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Monsoon Storms Trigger Power Outages Across India, June 14
Monsoon storms cause power outages across India. IMD issues red alerts for Delhi-NCR as thunderstorms disrupt electricity supply.
ANZ Falls 5.6% as Hedge Funds Bet Against Big Four Banks, June 14
ANZ down 5.6% YTD as hedge funds double shorts to $10.9B. Citi cuts profit forecasts on slowing home loan growth and rising rates.
Canada Launches $3.2B Food Strategy to Lower Grocery Prices, June 13
Canada’s $3.2B food strategy lowers grocery prices through food hubs, competition enforcement, and domestic production support.
SpaceX IPO Soars 19% to $161, Musk Becomes First Trillionaire, June 14
SpaceX IPO raises record $75B at $135/share. Stock debuts at $161, up 19%. Musk becomes world’s first trillionaire.
Shell Pauses Buybacks, Pivots to Gas and Fossil Fuels, June 14
Shell pauses buybacks and sells $1B in wind assets as it pivots to Venezuelan gas. Stock rated A- by Meyka with 12-month target of $89.94.
US Invests $2B in Quantum Computing, IBM Among Key Beneficiaries, June 14
U.S. government invests $2 billion in quantum computing firms including IBM, taking ownership stakes to advance strategic technology.
Meta Stock Falls 0.3% as Zuckerberg Admits AI Restructuring Errors, June 14
Meta stock drops 0.3% to $566.98 as Zuckerberg admits AI restructuring mistakes. Company cut 10% workforce and reassigned 7,000 to AI roles.
DAX Index Rises 0.23% as Peace Deal Hopes Lift European Markets, June 14
DAX index gains 0.23% to 24,670 points on June 14 as Middle East peace deal hopes ease oil prices and support European equities.
SENSEX Gains 2.3%, NIFTY50 Up 2% on Iran Peace Deal, June 14
SENSEX rises 2.3% to 75,527, NIFTY50 up 2% to 23,622 on Iran-US peace deal and crude oil decline. Banking and metal stocks lead rally.