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Dow Falls 1.4% as Iran Tensions Push Oil Above $91, June 11
Dow Jones, S&P 500, and Nasdaq fell as Trump Iran threats boosted oil to $91 and inflation hit 4.2%. Chip stocks led losses.
NSW Inquiry Into Ivan Milat’s Suspected 80-100 Murders, June 11
NSW parliament launches inquiry into Ivan Milat’s suspected 80-100 murders. Police and victim groups question the probe’s credibility and purpose.
S&P 500 Falls 0.26% as Chip Rally Fizzles, June 11
S&P 500 drops 0.26% to 7,386.65 as chip stocks fade amid AI valuation concerns. Nasdaq falls 0.97%.
Eurowings Faces Middle East Flight Cuts as Germany Backs Aviation Strategy, June 10
Germany launches 15-year aviation strategy with €2B SAF support. Eurowings adjusts routes amid regional challenges.
ASX Blue-Chip Stocks Plunge $60B in Value Over 12 Months, June 11
CSL, Cochlear, WiseTech and Xero have fallen 60% in 12 months, losing $60 billion in combined market value on the ASX.
CME Launches Nasdaq Crypto Index Futures, June 10
CME Group launches Nasdaq CME Crypto Index futures covering Bitcoin, Ethereum, Solana, and five other cryptocurrencies with regulated settlement.
EV Charging Market Grows to $15.2B by 2034 as Infrastructure Expands
Grid-integrated EV charging market projected to reach $15.2B by 2034 at 10.1% CAGR, with ultra-fast infrastructure growing 16.3% annually.
Visa and Mastercard Win Preliminary Approval for $38 Billion Swipe Fee Settlement
Visa and Mastercard Win a significant legal victory after receiving preliminary approval for a proposed $38 billion swipe fee settlement. The agreement represents one of the largest antitrust settlements in U.S. history and could reshape the relationship between merchants, payment processors, and consumers. The settlement addresses long-standing disputes over interchange fees, commonly known as swipe…
Starbucks Weighs Japan Stake Sale Worth Up to $3.1 Billion Amid Global Restructuring
Starbucks is reportedly exploring the sale of its stake in its Japanese business in a deal that could be valued at as much as $3.1 billion. The move comes as the coffee giant continues a broader global restructuring effort aimed at improving efficiency, strengthening profitability, and focusing on long-term growth opportunities. The potential transaction has…