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Marvell and Flex Join S&P 500 on June 22, Signaling Tech Shift
Marvell Technology and Flex join S&P 500 on June 22, replacing Pool Corp and Campbell’s. AI infrastructure demand drives semiconductor gains.
Solana USD Plunges 7.15% Daily: SOLUSD Tests $62 Support
Solana USD drops 7.15% daily to $62.03. Technical analysis shows oversold RSI at 20, strong ADX trend, and key support at $66.79.
PHLX Chip Index Crashes 10.3% on Broadcom Shock, June 06
PHLX Semiconductor Index drops 10.3% on June 05, erasing $1.3 trillion in market value amid weak AI chip demand.
McDonald’s Tests AI Drive-Thru System ArchIQ at Five Locations, June 06
McDonald’s tests ArchIQ AI drive-thru system at five US locations with 90% order completion rate and 2.6% stock gain.
Australia’s Capital Gains Tax Overhaul: What the 2026 Budget Means, June 06
Australia’s 2026 Budget replaces the 50% CGT discount with inflation indexation and introduces a 30% minimum tax from July 2027.
Bitcoin Crashes 4.1% to $60,968 as Fed Rate Hike Bets Surge
Bitcoin drops 4.1% to $60,968 USD after strong US jobs report fuels Fed rate hike expectations and capital rotation to gold and AI stocks.
Hegseth Calls for 3.5% Defense Spending, China Skips Dialogue, June 06
Hegseth urges Asian allies to increase defense spending to 3.5% of GDP at Shangri-La Dialogue amid China’s absence.
Prediction Markets Boom as Hong Kong vs Mongolia Match Draws Traders
Retail traders bet on Hong Kong vs Mongolia soccer via prediction markets. Strong liquidity in sports contracts reflects growing sector popularity.
Nepal’s Foreign Minister Meets NSA Doval in Delhi, June 06
Nepal Foreign Minister Shisir Khanal meets NSA Ajit Doval in Delhi to discuss bilateral ties, border management, and security cooperation.