Market news
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Retail Trading Volume Sets New Records in June, Nearly Double Post-2020 Average
Retail cash-equity trading volume in June is tracking 9% above May's record and is roughly 1.9 times the average monthly level since 2020, according to data.
US Rejects Iran's Hormuz Closure Claim, Traffic Continues
The US military has dismissed Iran's assertion that it closed the Strait of Hormuz, stating that commercial ships continue to transit the waterway and that the US is monitoring to ensure freedom of navigation.
AI Investment to Surpass Historic Capex Booms, Approaching 9% of GDP
AI-related capital expenditure is projected to become the largest investment cycle in modern history, possibly exceeding 9% of global GDP and outpacing previous industrial booms.
Retail Investors Pour Record $370M into SpaceX IPO in First Three Days
Retail investors bought a net $369.8 million of SpaceX (SPCX) stock in the first three trading sessions after its IPO, marking one of the largest retail buying surges for a newly listed stock.
U.S. Stock Ownership Hits Record High at 51% of Financial Assets
Investor exposure to U.S. equities has climbed to its highest level on record, with total stock allocations reaching approximately 51% of financial assets, the highest share since the 1940s.
Schiff: US Debt Nears $40T with No Easy Fix
Economist Peter Schiff warns that the U.S. national debt, now approaching $40 trillion, has no easy solution and compares it to a Ponzi scheme.
AI-Driven 'RAMageddon' Pushes Tech Prices Higher
Global prices for smartphones, laptops, gaming consoles, and PCs are rising as AI-fueled demand for memory chips and data-center infrastructure strains supply chains, with manufacturers warning that higher component costs are being passed on to consumers.
Anthropic CEO Warns AI Firms Need Hundreds of Billions in Revenue or Face Existential Risk
Dario Amodei, CEO of Anthropic, stated that leading AI companies must generate hundreds of billions in revenue to justify massive capital expenditures, warning that failure to reach that scale could pose existential risks as infrastructure costs soar.
Tesla Files Trademark for 'Amazing Abundance' as AI, Robotics Strategy Intensifies
Tesla has filed a trademark application for 'Amazing Abundance,' highlighting its push into artificial intelligence, humanoid robots, autonomous systems, and automated production.
AI Driving More Unpaid Overtime, Not Less Work: ADP Survey
A new ADP survey of over 39,000 workers across 36 markets finds that AI users are experiencing more unpaid overtime, not less, while job security and engagement concerns persist.
Albanian Protesters Stage Largest Rally Against Kushner-Backed Resort
Thousands of Albanians held their biggest protest yet against a luxury resort project backed by Jared Kushner's investment firm, citing threats to protected coastal areas and lack of transparency.
Massive Resort Fire in Dominican Republic Forces Evacuation of 1,700 Tourists
A large fire destroyed a resort in the Dominican Republic, leading to the evacuation of nearly 1,700 tourists. Emergency crews responded to contain the blaze, and authorities are now assessing damage and investigating the cause.
IDF Seizes Hezbollah Command Center on Ali Taher Ridge
Israeli forces have captured a strategic Iranian-built Hezbollah underground command center on the Ali Taher Ridge in southern Lebanon. Hundreds of terrorists are believed trapped as the IDF dismantles the infrastructure.
OpenAI burns $3.7B in Q1 despite $5.7B revenue, raising IPO profitability concerns
OpenAI generated roughly $5.7 billion in Q1 revenue but spent $3.7 billion in cash, highlighting the high costs of AI model training and infrastructure. The cash burn pressures the company's path to profitability ahead of a potential IPO.
Pakistan Army Chief to Join Switzerland Talks as Regional Diplomatic Push Intensifies
Pakistan's Army Chief is reportedly set to participate in Switzerland negotiations, signaling a broader regional diplomatic effort beyond the Israel-Hezbollah crisis, involving Iran-related issues and de-escalation with key stakeholders.
Emergency Switzerland Talks Over Israel-Hezbollah Escalation
CBS reports that an emergency session in Switzerland has been convened as renewed clashes between Israel and Hezbollah threaten the fragile regional ceasefire and disrupt U.S.-Iran negotiations.
US Small Business Optimism Falls to 14-Month Low in May
The NFIB Small Business Optimism Index dropped 0.6 points to 95.3 in May, the lowest since October 2024, as expectations for better conditions and expansion plans hit multi-month lows.
Foreign Holdings of US Treasuries Rise to $9.35 Trillion, 2nd Highest on Record
Foreign holdings of US Treasuries increased by $3.9 billion in April to $9.35 trillion, the second-highest on record. Japan and the UK added to their positions, while China and Canada reduced theirs.
Tech Sector Dominates MSCI Indices and Bond Market
Technology now accounts for ~38% of the MSCI USA Index and ~44% of the MSCI EM Index, with shares surging in recent years. Tech's share of US investment-grade bond issuance has tripled to ~20%.
Trump: No Tolls in Hormuz Strait for 60 Days During Cease-Fire
President Trump announced on Truth Social that no tolls will be imposed in the Hormuz Strait for 60 days during a cease-fire period, and none after unless the US imposes them if a deal falls through.
Trump Says No Tolls in Strait of Hormuz for 60 Days, Rejects Iran's Plan
President Trump responded to reports that Iran is preparing to impose tolls on vessels in the Strait of Hormuz, stating there will be no tolls during the 60-day ceasefire period and no tolls after unless imposed by the US.
Central Banks Hiked and Cut Equally in May, Ending Global Easing Cycle
In May, 26 of 52 central banks raised rates while 26 cut, ending a two-year stretch where cuts outnumbered hikes. The last such balance occurred in early 2021, followed by three years of tightening. Recent ECB and BOJ rate increases suggest a new global tightening cycle.
AI Stocks Drive Vast Majority of S&P 500 Gains in 2026
The S&P 500 has added over $5 trillion in market cap this year, but nearly all gains come from just 84 AI-related firms and 22 energy stocks, while other sectors lost $1 trillion. AI now represents 47% of the index's market cap.
Iranian Leadership Holds Meeting on Upcoming Negotiations
Iran's president chaired a meeting with the parliament speaker and judiciary head to discuss the course of upcoming negotiations and safeguarding national interests.