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Dow Hits Record 51,562 as Investors Flee AI Chips, June 06
Dow Jones hits record 51,562 as Broadcom’s AI guidance miss sparks rotation from tech into financials and healthcare.
West Bengal Launches Annapurna Bhandar, Triples Women’s Aid to Rs 3,000
West Bengal’s Annapurna Bhandar provides Rs 3,000 monthly to eligible women, replacing Lakshmir Bhandar with stricter verification requirements.
Japan Stocks Fall on US Chip Weakness, Broadcom Shock Spreads, June 06
Broadcom’s weak earnings triggered a semiconductor selloff in Japan. Nikkei 225 fell 882 points as AI and chip stocks declined across Asia.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops below $61,500 amid Strategy’s BTC sale and hedge fund outflows triggering $635B in liquidations. Meyka rates BTC C+.
PayPay Stock Falls 10.6% on T&D Insurance Acquisition Deal, June 06
PayPay acquires 70.2% stake in T&D Financial Life Insurance, expanding into life insurance with SoftBank’s AI technology backing.
MSTR Stock Crashes 13% as Bitcoin Sale Breaks “Never Sell” Promise, June 05
MSTR stock falls 13% after Strategy Inc sells 32 Bitcoin for first time in years, breaking its “never sell” pledge.
META Stock Momentum Builds: Meta Platforms Inc Gains 0.74% to $627.57 as Roundview Capital LLC Raises Holdings
META stock gained 0.74% to close at $627.57, signaling renewed investor confidence in Meta Platforms Inc as institutional investors continue to increase their positions. The upward move comes at a time when technology stocks are regaining momentum, supported by strong earnings expectations and continued growth in artificial intelligence investments. The latest filing shows that Roundview…
House Passes Ukraine Support Act With 226-195 Vote, June 05
House passes Ukraine Support Act 226-195 with bipartisan backing, providing $1.3B military aid, $8B defense loans, and Russia sanctions.
Japan Backs Rapidus With $943M as 2nm Chip Push Accelerates, June 05
Japan invests $943M in Rapidus for 2-nanometer chip production by 2027, bringing total government backing to $1.8B for semiconductor sovereignty.