Market news
Crypto, stocks, forex and macro, aggregated for traders.
Security Roundup: Trezor Safe 7 Vulnerability, Dashlane Hack, and More
A weekly cybersecurity roundup includes a vulnerability in the Trezor Safe 7 crypto wallet chip, a Dashlane password manager breach, Chinese hackers targeting Europe, and scammers exploiting AI support for Instagram accounts.
Pentagon Raises Israel Counterintelligence Threat to Highest Level
The Pentagon has escalated Israel's counterintelligence threat level to its maximum, citing increased Israeli intelligence gathering on U.S. officials and Middle East policy deliberations.
ForkLog Roundup: Bitcoin at $60K, Institutional BTC Selling
ForkLog's weekly digest leads with a Bitcoin crash to $60,000, Bloomberg's forecast of a severe crypto winter, and institutional sales of 52,500 BTC through ETFs. Also featured are Zcash's 48% drop, Microsoft's quantum chip, and AI security news.
NBA Finals Game 3 Sets Record with Cheapest Ticket at $10,622
The cheapest ticket for Game 3 between the Knicks and Spurs is $10,622, making it the most expensive NBA game in history.
Tim Walz Accuses Trump of Profiting from Middle East Conflict
Minnesota Governor Tim Walz claimed that the Trump family is benefiting financially from the ongoing Middle East conflict, which he says is driving up costs and inflation.
Hathor Network: Stablecoins Need Confidential Rails for Corporate Use
Hathor Network argues that stablecoin growth into corporate adoption requires privacy-preserving infrastructure with selective disclosure for compliance.
CENTCOM: U.S. and Allies Intercepted Iranian Missiles and Drones
The United States Central Command confirmed that U.S. and partner forces intercepted multiple Iranian ballistic missiles and drones launched across the region.
IRGC Fires on Four Tankers in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps reportedly opened fire on four oil tankers attempting to transit the Strait of Hormuz without permission, escalating tensions in a key global oil chokepoint.
Iran Launches Drones Toward Strait of Hormuz
Iran has reportedly launched drones toward the Strait of Hormuz, continuing recent patterns of drone activity in the region. U.S. forces have previously intercepted similar threats to shipping lanes.
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.
Americans Keep Cars Longer Amid High Prices and Interest Rates
U.S. consumers are holding onto vehicles for longer periods due to high new-car prices, elevated interest rates, and affordability concerns, reshaping the auto industry.
Long-Term US Unemployment Surges Above 1.8 Million
The number of Americans unemployed for 27 weeks or longer has averaged over 1.8 million in 2024, according to a CNBC analysis of BLS data. This is roughly 45% higher than 2019 levels and 55% above 2023.
IRGC Claims Missile Strikes on US-Linked Bases in Region
The Islamic Revolutionary Guard Corps says it launched aerospace missile strikes against enemy bases in the region, following reported US attacks on Sirik and Qeshm Island.
Office Vacancy Rate Hits 14%, Highest Since Global Financial Crisis
Office vacancy rates have risen to 14%, the highest level since the 2008–09 Global Financial Crisis, highlighting ongoing weakness in commercial real estate.
Foreign-Born Workers Capture 80% of US Job Gains Since 2020
Analysis shows that roughly 8 out of every 10 net new jobs in the United States since early 2020 have gone to foreign-born workers.
DOJ Lawyer Argues Trump Could Remove Statue of Liberty
A U.S. Justice Department lawyer argued in court that President Donald Trump may have the authority to remove or significantly alter the Statue of Liberty.
Teens Face Toughest Summer Job Market Since 1948
According to Fortune, U.S. high school students are encountering the most difficult summer job market in decades, with conditions described as the toughest since 1948.
NYT: Weak Hiring May Scar New Graduates for Years
According to the New York Times, graduates entering the workforce during a weak hiring environment may face long-lasting career effects such as lower starting salaries, slower wage growth, reduced job mobility, and delayed career progression.
Trump: Gasoline prices will "drop like a rock" in 90 days
U.S. President Donald Trump stated that gasoline and energy prices will decline significantly within about 90 days once the U.S. exits Iran and the conflict ends. He made the remarks at a Wisconsin event on the economy and agriculture.
Air Raid Sirens Sound in Kuwait Amid Reports of Interceptor Activity
Air raid sirens have reportedly been activated across parts of Kuwait, with local sources attributing explosion sounds to air-defense interceptor missile activity.
Missing Funds Reports Pressure Iran’s Banking System
Reports of unexplained losses from customer accounts at major Iranian banks, including Bank Melli Iran and Bank Sepah, are raising concerns about confidence in Iran’s financial system.
US Petroleum Inventories Drop to 2004 Low on Export Surge
Total US crude and petroleum product inventories fell 10.6 million barrels last week to the lowest level since 2004, driven by a record drop in commercial stocks and surging exports to Asia and Europe, according to EIA data.
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.'
UOB: BSP Tightening Path Supports Philippine Peso
UOB economists note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted toward further tightening and supporting the peso.