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AI Bubble Shows Dot-Com Parallels as Nasdaq Crashes 4%, June 06
Ray Dalio warns AI stocks mirror dot-com bubble patterns as chip stocks crash. Goldman Sachs questions AI ROI amid Broadcom’s weak guidance.
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.
Meta Stock Falls 6.6% on Potential Equity Raise for AI, June 05
Meta stock falls 6.6% after FT reports company considering tens of billions in equity raise to fund AI infrastructure and data centers.
FSA Orders Recall of Inarah’s Frozen Foods Over Safety Concerns, June 06
FSA recalls all frozen products from Inarah’s, Inarah’s Fine Foods, and New York Crispy brands due to food safety concerns.
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.
Actor James Handy Stabbed to Death in LA; Son of Girlfriend Arrested, June 06
Actor James Handy, 81, stabbed to death in Tarzana. Michael Gledhill, 44, arrested and charged with murder. Bail set at $2 million.
Actor James Handy Stabbed to Death in Los Angeles, June 05
Actor James Handy, 81, stabbed to death in Los Angeles. Michael Gledhill, 44, arrested on murder charges. Bail set at $2 million.
Japan Unveils Cash Benefit Plan for Low-Income Workers, June 05
Japan’s government plans cash benefits for low-income workers earning under 5.4 million yen, launching 2028 with food tax cuts starting 2027.
Visa and Mastercard Halt Cuba Operations June 6 on US Sanctions
Visa and Mastercard suspended in Cuba from June 6 due to US sanctions on military-linked payment processor affecting tourists.