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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.
HSBC Faces French Charges Over Lebanon Bank Scandal, June 06
HSBC faces preliminary charges from French prosecutors over assisting Lebanese central bank governor Riad Salameh in alleged fund misappropriation.
Spain Social Security Reforms: Two Pensions Now Possible for Self-Employed, June 05
Self-employed workers can collect two retirement pensions if they meet contribution requirements in multiple Spanish Social Security regimes.
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.
US House Passes Iran War Powers Resolution, 215-208 Vote June 06
House passes war powers resolution 215-208 to limit Trump’s Iran war authority, with four Republicans joining Democrats in rare rebuke.
HSBC Faces €80M Bond Over Lebanon Money Laundering Case, June 06
HSBC faces formal charges in France for allegedly helping Lebanon’s central bank chief launder USD 330 million, ordered to post 80 million euro bond.
XRP Falls 5% to $1.11 as Adoption Stalls, June 06
XRP drops 5% to $1.11 amid oversold conditions, down 70% from $3.66 peak despite Ripple’s bank adoption efforts.
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.