US Stocks Slump Sharply Amid Geopolitical & Rate Pressures
US stock market drops broadly amid Iran tensions and rising Treasury yields; oil surges while gold and most tech shares decline sharply.
Fed’s Williams: No Near-term Rate Hikes or Cuts Needed
Fed’s Williams rules out immediate rate changes; Fed splits on inflation risks ahead of June 16-17 policy meeting.
SpaceX Lists on Nasdaq; Musk Eyes Trillion-Dollar Fortune
SpaceX sets June 12 Nasdaq IPO at $135; Musk nears trillionaire amid huge valuation disputes from Morningstar.
Shenzhen Home Sales Top 10k After 13 Months in May
Shenzhen home sales top 10,077 units in May thanks to policy easing; new homes boom and second-hand housing price rebounds notably.
Crypto Slumps Sharply, 283,600 Traders Hit Liquidation
Bitcoin crashes over 7% amid Middle East risks; 283,600 users liquidated as capital flows out of crypto into AI stocks.
Young Heir Builds Biwin into RMB150B Storage Giant
Sun Chengsi took over Biwin at 27; 11 years later the firm becomes RMB150B storage giant amid global AI boom.
US Oil Stocks Hit 22Y Low; Oil May Surge to $200/Barrel
US crude stocks drop to 22-year low amid Hormuz closure; experts warn oil price may jump to $200 per barrel this summer.
Central Banks Resume Gold Buying in April Led by Poland & China
Global central banks net buy 17t gold in April; Poland and China lead purchases while US dollar and ETF outflows cap gold price gains.
A-share Diverges, Memory Chip Sector Rallies Sharply
A-share diverges on June 4; memory chips and coal surge while overhyped stocks release risk warnings for investors.
Central Banks Net Buy 17t Gold in April Globally
Global central banks net purchase 17t gold in April; Poland and China lead buying while Russia continues gold reserve selling.