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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.
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.
Mango Farmers Protest at Jain Juice Factory in Chittoor, June 06
Mango farmers protest at Jain Juice Factory in Gollapalli, Chittoor district, over unresolved disputes with factory management and security personnel.
Ex-CityNews Reporter Sues Rogers for $650K Over Wrongful Dismissal, June 05
Ex-CityNews reporter Tina Yazdani sues Rogers for $650,000 over wrongful dismissal and alleged retaliation for confrontational political reporting.
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.
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.
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.