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JPMorgan Blocks Claude AI Access in Hong Kong, June 19
JPMorgan and Goldman Sachs blocked Claude AI in Hong Kong due to Anthropic’s licensing restrictions amid U.S. export controls.
Polestar CEO Pushes EU to Keep 2035 ICE Ban as EV Sales Surge, June 19
Polestar CEO opposes EU’s 2035 ICE ban softening, citing strong EV adoption and infrastructure readiness. European EV sales grew 30% in 2025.
XPeng Stock Hits 52-Week Low as Dilution Vote Looms, June 19
XPeng stock falls to 52-week low of €11.64 ahead of June 26 shareholder vote on 20% dilution. Deliveries lag Q2 targets as CEO pushes robotics push.
SpaceX Soars Past Amazon as Michael Burry Questions Valuation, June 19
SpaceX stock surged 50% post-IPO to $2.66T market cap. Michael Burry questions valuation; Oppenheimer targets $250. Analyst consensus remains bullish.
Chinese EV Makers Use Hong Kong as Global Testing Ground, June 19
Chinese automakers test EV strategies in Hong Kong. GAC targets 300,000 exports by 2026, challenging Japanese premium brands.
UK Supreme Court Rules Against Gerko in £22.5M Tax Dispute, June 18
UK Supreme Court rules against billionaire trader Alex Gerko in £22.5M tax dispute over fund structure and income tax classification.
BayWa Stock June 18: German Retailer Faces Market Headwinds
BayWa stock faces pressure as Germany’s largest agricultural and building materials retailer navigates rising costs and weak consumer demand.
Affirm Stock Falls 5.3% to $70.73 on Valuation Concerns, June 18
Affirm stock fell 5.3% to $70.73 on June 17 amid valuation concerns and sector headwinds affecting the buy-now-pay-later fintech lender.
Meta Launches Paid Subscriptions for Facebook, Instagram, WhatsApp
Meta offers optional paid subscriptions for Facebook Plus, Instagram Plus, and WhatsApp Plus starting at $2.99–$3.99/month globally.