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Iran Demands $24B in Frozen Assets for Peace Deal, June 06
Iran demands $24 billion in frozen assets for US peace deal. Military tensions escalate as talks remain deadlocked between nations.
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.
Pentagon Hires Jan. 6 Rioter for Counterterrorism Role, June 06
Pentagon hires Jan. 6 rioter Elias Irizarry for counterterrorism role after Trump pardon.
China Tracks Dutch Frigate in Taiwan Strait, June 06
China’s military tracked a Dutch Navy frigate in the Taiwan Strait on June 5, citing concerns over sovereignty. The Netherlands says its passage…
Bitcoin Crashes Below $60,000 as Sell-Off Deepens, June 06
Bitcoin crashes below $60,000 to lowest level since October 2024. Worst week since FTX collapse. ETF outflows and major holder sales drive sell-off.
Saudi Arabia Opens New Red Sea Shipping Route to India, June 06
Saudi Arabia launches SRS shipping service from Jeddah to India’s Mundra Port with 2,144 TEU capacity, supporting Red Sea trade growth.
Nasdaq Falls 4.2% on Chip Selloff, Worst Day Since April 2025
Nasdaq falls 4.2% to 25,709 as chip stocks plunge on strong jobs data and rate hike fears. Broadcom and Micron lead declines.
Economic Calendar Heats Up: CPI, Jobs Data Drive Markets June 06
Forex Factory tracks US CPI, jobs report, and global inflation data this week. Key economic releases drive currency market volatility.
Bitcoin Crashes Below $61K as Strategy Sells, Hedge Funds Flee
Bitcoin drops to $60,912, down 4.2% daily. MicroStrategy sale and AI rotation drive $62 billion loss in crypto treasury holdings.