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Microsoft Stock Falls 1.77% as Xbox Overhaul Weighs on AI Spending, June 12
Microsoft stock fell 1.77% to $390.34 on June 11 amid Xbox restructuring and AI spending scrutiny, offset by strong Azure growth.
Sensex Surges 1,695 Points as Oil Falls Below $90 on Iran Peace Deal, June 13
Sensex surged 1,695 points to 75,527 and Nifty50 gained 461 points to 23,623 on June 12 as crude oil fell below $90 following US-Iran peace signals.
Southeast Asia’s Economic Rise: ASEAN Targets 4th Largest Economy by 2030
ASEAN targets 4th largest economy by 2030 through regional policies, energy security, and AI adoption to strengthen cross-border partnerships.
Bitcoin Falls to 7-Week Low as Mark Cuban’s Crypto Strategy Resurfaces, June 12
Bitcoin drops to 7-week low as Mark Cuban’s crypto strategy resurfaces. Meyka rates BTC C+ HOLD with RSI at 32.91, signaling oversold conditions.
TRUMPF Laser Defense Tech Gains Traction Amid European Security Shift, June 12
TRUMPF laser technology becomes key player in European drone defense as defense contractors integrate systems into counter-UAV platforms.
SpaceX Stock Surges 19% on Record $75B IPO Debut, June 12
SpaceX IPO raised $75B at $135/share, opening at $150 and closing at $161.11. Company valued at $2.1 trillion, sixth-largest US company.
US Wholesale Prices Jump 1.1% in May, Highest Since 2022
US wholesale prices rose 1.1% in May, the highest annual gain since November 2022, driven by energy price surges amid Middle East tensions.
Adobe Stock Falls 13% on CFO Exit Despite Record Q2 Earnings, June 12
Adobe stock drops 13% to $202.89 despite beating Q2 earnings and raising guidance. CFO Dan Durn exits for Marvell as CEO search continues.
Shell Pauses $3B Buyback as ARC Acquisition Vote Nears, June 13
Shell pauses $3B buyback program from June 12 to July 14 ahead of ARC Resources acquisition shareholder vote. Stock trades at $85.71, down 0.40%.