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McDonald’s Tests AI Drive-Thru System ArchIQ at Five Locations, June 06
McDonald’s tests ArchIQ AI drive-thru system at five US locations with 90% order completion rate and 2.6% stock gain.
Australia’s Capital Gains Tax Overhaul: What the 2026 Budget Means, June 06
Australia’s 2026 Budget replaces the 50% CGT discount with inflation indexation and introduces a 30% minimum tax from July 2027.
Bitcoin Crashes 4.1% to $60,968 as Fed Rate Hike Bets Surge
Bitcoin drops 4.1% to $60,968 USD after strong US jobs report fuels Fed rate hike expectations and capital rotation to gold and AI stocks.
Hegseth Calls for 3.5% Defense Spending, China Skips Dialogue, June 06
Hegseth urges Asian allies to increase defense spending to 3.5% of GDP at Shangri-La Dialogue amid China’s absence.
Bitcoin Crashes Below $60,000 as Sell-Off Deepens, June 06
Bitcoin crashes below $60,000 to lowest level since October 2024. Worst week since FTX collapse. ETF outflows and major holder sales drive sell-off.
Air Canada Launches Toronto-Shanghai Route, Stock Holds at C$21.41
Air Canada’s Toronto-Shanghai nonstop route launches June 3, 2026, with four weekly A321XLR flights covering 16 hours.
HSBC Stock Falls 3.1% as Hong Kong Shares Weaken, June 06
HSBC stock fell 3.1% to HK$141.80. The bank offers 10% deposit rates, with Meyka rating it B+ and targeting HK$169.38 in 12 months.
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.
Westnetz IT Project SPACE Causes Thousands of Customer Complaints, June 06
Westnetz IT project SPACE causes payment delays and unprocessed requests, sparking thousands of complaints during digital transformation.