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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.
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.
AI Spending Surges but Returns Lag: Why Debt Collection Faces Automation Risk, June 05
40% of companies miss AI cost targets. Debt collection automation faces similar execution risks without proper process redesign.
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.
Geoffrey Thomas, Aviation Journalist, Dies at 74, June 05
Geoffrey Thomas, veteran aviation journalist at The West Australian, dies at 74. Industry mourns loss of trusted voice in aviation.
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.