Market news
Crypto, stocks, forex and macro, aggregated for traders.
Eli Lilly's Oral GLP-1 Foundayo Outperforms Oral Semaglutide in Diabetes Trials
Eli Lilly's oral GLP-1 drug Foundayo showed 57.1% greater A1C reduction and 73.6% greater weight loss versus oral semaglutide across three pivotal diabetes trials. FDA submission is targeted by end of Q2.
Apple Says New Siri Will Improve Voice Dictation, Expand to CarPlay and AirPods
Apple announced that the new Siri will deliver a major improvement in voice dictation accuracy and extend its enhanced capabilities to CarPlay and AirPods, further expanding AI integration across its ecosystem.
Apple Unveils AI-Powered Siri with Cross-Device Context Awareness
Apple has introduced a new AI-driven version of Siri via Apple Intelligence, featuring enhanced conversational abilities and context awareness across devices, along with a dedicated Siri app for recalling past interactions.
Dow Jones Tracks Chip Rebound but CPI Looms
The Dow Jones Industrial Average traded nearly unchanged in European afternoon trading, with futures hovering around 50,750 after an overnight rally from 50,500 to 51,000 faded. Focus shifts to upcoming CPI data that could spoil the chip-driven rebound.
SpaceX IPO Valued at $1.75 Trillion Raises Hype Questions
SpaceX's upcoming IPO on June 12 carries a $1.75 trillion valuation, sparking debate over whether demand is genuine or manufactured.
Magnificent Seven ETF (MAGS) Cycle From March 2026 Low Ends
The Magnificent Seven ETF (MAGS) has completed its cycle that began from a low on March 30, 2026, according to technical analysis.
OpenAI Preps Major ChatGPT Overhaul with AI Agents, Codex, Image Gen
OpenAI is preparing its biggest ChatGPT update since launch, adding AI agents, Codex programming tools, image generation, and third-party services to transform the chatbot into a universal digital assistant.
Dow Jones Futures Fall 0.33% on Middle East Tensions; S&P 500, Nasdaq Rise
Dow Jones futures declined 0.33% during European trading on Monday as renewed Middle East tensions weighed on market sentiment, while S&P 500 and Nasdaq 100 futures posted gains.
Doosan Expands Cooperation with Nvidia Across Energy, Electronics, Robotics
Doosan announced it is expanding its collaboration with Nvidia, aiming to integrate its products and manufacturing capabilities with Nvidia's AI factory platforms across energy, electronic materials, and robotics.
Synlait Milk on Track for Refinancing by June 2026, Reports Net Loss
Synlait Milk says it remains on track to complete its senior facilities refinancing by June 30, 2026, including replacing its NZ$130 million Bright Loan. The company reported a net loss after tax of NZ$12 million for January–April 2026 while maintaining net assets of NZ$720.8 million.
United Airlines CEO Sees Full Consolidation Unlikely, Eyes Slot Acquisitions
United Airlines CEO Scott Kirby said full industry consolidation is improbable, though the carrier may buy slots or gates. He noted strong demand but expected elasticity effects, and that pricing is nearly offsetting higher fuel costs.
Huawei Plans Annual AI Chip Releases with Doubling Performance
Huawei intends to shift to an annual release cycle for its Ascend AI chips, with each new generation aiming to roughly double performance. The move comes amid US restrictions and growing rivalry with NVIDIA.
Weight-Loss Drug Boom Creates New Headache for Apparel Retailers
U.S. apparel companies face rising product returns as consumers on GLP-1 weight-loss medications experience rapid changes in body size, disrupting clothing fit.
Nasdaq 100 Posts 7 Red Hourly Candles in Straight-Line Drop
All seven hourly candlesticks on today's Nasdaq 100 chart closed red, marking a straight-line decline for tech stocks and the largest drop since 'Liberation Day.'
NASDAQ 100 Set for Worst Day Since Trump Tariffs
The NASDAQ 100 index is on track for its steepest daily decline since the April 2025 tariff announcement by US President Donald Trump, erasing a strong two-month rally.
Meta shares fall 7% after FT reports possible stock offering
Meta stock extended losses to 7% on the day after the Financial Times reported the company is considering a stock offering to raise capital, erasing $115 billion in market cap.
MicroStrategy Unrealized Bitcoin Loss Hits Record $12.7 Billion
MicroStrategy's unrealized loss on its Bitcoin holdings has reached a record $12.7 billion, with the total position down $28 billion over the past 12 months.
Dell Technologies Eyed to Rally Toward $700
A market note suggests Dell Technologies (NYSE: DELL) stock could advance towards the $700.00 level.
BNY Warns of Rotation Risks as US Equity Rebalancing Nears
BNY’s Bob Savage notes that retail and institutional investors bought the April weakness in US equities, but momentum has faded and exposure to energy and technology is building risk ahead of June rebalancing.
US Equity Markets Set to End Week Higher Amid Rotation
US equity markets are poised to finish the week in positive territory, with a rotation from growth to value stocks observed in recent sessions.
US Equity Markets Set to Finish Week Higher with Rotation
US equity markets are on track to end the week higher again, with a rotation from new sectors observed in the second half.
Foxconn May Revenue Surges 39.57% YoY, Q2 Tracking Well Above Expectations
Foxconn reported May revenue up 39.57% year-on-year and said Q2 performance is tracking well above previously anticipated significant growth, driven by continued AI rack demand.
S&P 500 Extends Impulsive Advance to New Highs
The S&P 500 continues its impulsive advance into new all-time highs, with wave 1 ending at 7147.78 after starting from the March 2026 low. A corrective wave 2 dip has concluded.
NIB Holdings Sells Australia, New Zealand Travel Insurance to Allianz Partners for Up to A$50M
NIB Holdings has agreed to sell its travel insurance businesses in Australia and New Zealand to Allianz Partners for up to A$50 million, with a strategic distribution partnership and expected closing by end of 2026 pending regulatory approvals.