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Pulitzer Prize Historian Gordon S. Wood Dies at 92 in Rhode Island
Pulitzer Prize-winning historian Gordon S. Wood, renowned for his work on the American Revolution, dies at 92 in East Providence, Rhode Island.
S&P 500 Falls 1.62% as Chip Stocks Plunge, Iran Tensions Rise
S&P 500 fell 1.62% to 7,266.99 on June 9 as chip stocks plunged and Iran tensions spiked. CPI inflation hit 4.2% annually, raising rate hike concerns.
Zambia Unlocks $275M for Power Grid With Historic Debt Buyback, June 11
Zambia completes $1.36 billion debt buyback, freeing $275 million for power grid upgrades after 2020 default restructuring.
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.
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.
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.
US Court Blocks Trump’s $100,000 H-1B Fee, Wins for Indian Workers
Federal court strikes down Trump’s $100,000 H-1B visa fee as unlawful. Judge rules president lacked authority to impose tax without Congress.
Bihar Withdraws ₹3,662 Crore From Contingency Fund for Pensions, June 11
Bihar cabinet withdraws ₹3,662 crore from contingency fund for social security pensions amid opposition concerns over fiscal management.