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UK Regulator Launches Probe Into eBay (EBAY) $1.2 Billion Depop Acquisition From Etsy (ETSY)
The UK competition regulator has officially launched a detailed probe into the earlier $1.2 billion acquisition of Depop, a fashion resale platform, involving eBay (ebay) and Etsy (ETSY). The investigation focuses on whether the deal may have reduced competition in the online secondhand fashion marketplace and affected fair pricing and consumer choice. The move has…
SpaceX Rocket Launch June 08: Falcon 9 B1067 Set for Record 35th Flight with Starlink 10-35 Mission
A major milestone in modern spaceflight is set for June 08, 2026, as SpaceX prepares to launch its Falcon 9 rocket carrying the Starlink 10-35 mission. The highlight of this mission is the Falcon 9 booster B1067, which is expected to complete its record-breaking 35th flight. We are witnessing a new era where rockets are…
Stock Market Black Monday Hits Asia: KOSPI Crashes 8.29%, Hang Seng Drops 1.27%, Nikkei Falls 3.85%
Asian equities witnessed a major Black Monday event on June 8, 2026, as investors rushed to reduce risk after a steep technology stock selloff in the United States. Concerns over higher US interest rates, rising oil prices, and pressure on AI-related stocks pushed regional markets lower. South Korea suffered the biggest hit, while Japan and…
US Strikes Iran Nuclear Sites as 101-Day War Escalates, June 08
US strikes Iran’s nuclear facilities at Fordow, Natanz, and Isfahan using bunker buster bombs as ceasefire tensions escalate.
Hang Seng Index Drops 1.22% to 24,657.06; Nonferrous Metals Face Broad Selling Pressure
The Hang Seng Index ended Monday’s session lower as investors reduced exposure to cyclical and commodity-linked sectors. The benchmark Hong Kong index closed at 24,657.06, down 304.79 points, or 1.22%, reflecting weak sentiment across metals, coal, technology, and growth stocks. The decline came amid broader weakness in Asian equities and concerns over global risk appetite. …
UOB Explores Asset Management Sale to AllianzGI, June 08
AllianzGI in talks to acquire UOB Asset Management for S$600 million; UOB appoints new CEOs for China and Hong Kong.
Texas Cattle Threatened by Flesh-Eating Parasite, June 08
New World screwworm fly detected in Texas calves after 60 years. Governor declares disaster, Canada bans cattle imports, sterile fly program begins.
Nifty IT Index Crash: 9% Fall in 4 Days, TCS Down 33% in 2026, Wipro & IT Stocks Slide 6%
The Nifty IT index remained under heavy selling pressure on June 8, falling another 2% intraday and taking its cumulative decline to nearly 9% in the last four trading sessions. The sector has become one of the weakest performers on Dalal Street as investors reassess the long-term impact of Artificial Intelligence on traditional IT services…
Nikkei 225 Index Retreats to 63,946.19, Losing 2,641.93 Points as Broadcom Earnings Drag US and Japan Markets Lower
The Japanese stock market came under heavy pressure as the Nikkei 225 dropped sharply to 63,946.19, losing 2,641.93 points in a single session. We are seeing a clear risk-off mood across global markets. The main trigger is weakness in the US technology sector after earnings from Broadcom disappointed investors and dragged down sentiment. This is…