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Nasdaq Crashes 4.18% on Chip Selloff, Worst Day Since April 2025
Nasdaq fell 4.18% to 25,709.43 on June 5 as chip stocks crashed and Treasury yields rose, triggering a broad market selloff.
AI Spending Surges but Returns Lag: Why Debt Collection Faces Automation Risk, June 05
40% of companies miss AI cost targets. Debt collection automation faces similar execution risks without proper process redesign.
Micron Stock Crashes 13% as Broadcom Shocks Chip Market, June 06
Micron stock fell 13% after Broadcom missed AI revenue guidance, erasing $94B in market cap amid semiconductor sector concerns.
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.
RBI Considers Polymer Banknotes to Cut Costs, Durability Focus June 06
RBI examines polymer banknotes to replace damaged currency. Plastic notes last twice as long as paper and reduce printing costs.
Turkey Signals Shift Toward India as Pakistan Mediates Iran Crisis, June 06
Turkey strengthens India ties amid Middle East tensions. Pakistan offers mediation in US-Iran conflict despite credibility concerns.
30-Year Mortgage Rate at 6.48%, Down 37 Basis Points Year-Over-Year
30-year mortgage rates at 6.48% on June 5, 2026, down 37 basis points year-over-year. 15-year rates at 5.72% as Fed holds steady.
Sweden Delivers Gripen Fighters to Ukraine as Saab Tests Combat Readiness, June 05
Sweden delivers 16 Gripen fighters to Ukraine for combat. Kyiv plans 36 total aircraft as Saab faces first real-world test amid Brazil defense deals.
Ethereum Crashes to $1,589, Hits Oversold Levels on June 05
Ethereum crashes to $1,589 USD, down 13% in one month. RSI shows oversold conditions. Key support levels at $1,600 and $1,500. Meyka rates ETH a C+.