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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.
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.
Hong Kong Creates Tokenised Bond Expert Group, June 06
HKMA launches Tokenised Bond Expert Group to advance digital bond adoption in Hong Kong with industry partners and green tokenised bonds.
O’Neil’s $375K Property Profit Stirs Tax Reform Debate, June 05
Housing Minister Clare O’Neil made a $375,000 capital gain on an investment property while promoting tax reforms limiting negative gearing.
US Bond Market Braces for Jobs Data as 10-Year Yield Drops to 4.47%, June 05
US 10-year Treasury yield drops to 4.47% as traders await May jobs data that could trigger bond rally and rate-cut bets.
US Sanctions Cuban President Díaz-Canel Over Subversive Activities, June 05
US sanctions Cuban President Díaz-Canel, family members, and state entities as Trump escalates pressure on Cuba.
Broadcom Stock Crashes 12% on Weak AI Forecast, June 05
Broadcom stock fell 12% after Q2 earnings beat but AI chip guidance disappointed investors, causing a $300B market cap loss.
Lloyds Banking Group Suffers Banking App Outage, Leaving Customers Unable To Access Accounts
Lloyds Banking Group (LON: LLOY) suffered a significant technology failure on June 3, 2026, its second major IT incident in less than three months. The disruption hit Lloyds Bank, Halifax, and Bank of Scotland simultaneously, with Downdetector logging complaint spikes at around 11:15 BST as users reported issues across the group. More than 5,000 customers…
Oil Prices Face Pressure as Middle East Ceasefire Hopes Rise, June 05
Brent crude falls to $96.32 USD as Israel-Lebanon ceasefire talks ease Middle East tensions, despite oil reserve depletion concerns.