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Nasdaq Falls 4.2% on Chip Selloff, Worst Day Since April 2025
Nasdaq falls 4.2% to 25,709 as chip stocks plunge on strong jobs data and rate hike fears. Broadcom and Micron lead declines.
Tax Filing Deadline June 8 for Storm-Affected Taxpayers
Mississippi and Tennessee taxpayers affected by Winter Storm Fern have until June 8 to file taxes following IRS disaster extension.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops to $60,912, down 4.2% daily. MicroStrategy sale and AI rotation drive $62 billion loss in crypto treasury holdings.
HSBC Faces €80M Bond Over Lebanon Money Laundering Case, June 06
HSBC faces formal charges in France for allegedly helping Lebanon’s central bank chief launder USD 330 million, ordered to post 80 million euro bond.
Queensland Childcare Worker Jailed Four Years for Assaults, June 06
Queensland childcare worker sentenced to four years for assaulting toddlers at Injinoo Child Care Centre. CCTV evidence revealed physical abuse.
Hong Kong Creates Tokenised Bond Expert Group, June 06
HKMA launches Tokenised Bond Expert Group to advance digital bond adoption in Hong Kong with industry partners and green tokenised bonds.
Wall St Futures Mixed as Dow Rises 61 Points While Nasdaq 100 Drops 1.0% Ahead of Payrolls
Wall Street futures traded mixed on Friday as investors stayed cautious ahead of the crucial U.S. jobs data. The overall tone on Wall St was defensive, with investors balancing strong recent gains against rising uncertainty over interest rates. Dow Jones futures rose about 61 points, showing mild strength in industrial and value stocks. At the…
Geoffrey Thomas, Aviation Journalist, Dies at 74, June 05
Geoffrey Thomas, veteran aviation journalist at The West Australian, dies at 74. Industry mourns loss of trusted voice in aviation.
US Bond Market Braces for Jobs Data as 10-Year Yield Drops to 4.47%, June 05
US 10-year Treasury yield drops to 4.47% as traders await May jobs data that could trigger bond rally and rate-cut bets.