News Events

Alphabet Upsizes Historic Equity Raise to $85 Billion for AI Expansion

On June 4, Google signed a three-year agreement with Voltus for up to 100 MW of accredited distributed capacity. Voltus will aggregate batteries, smart thermostats, and EVs into a Google-funded Virtual Power Plant (VPP). Google is the first named hyperscaler customer for Voltus's BYOC offering in the PJM Interconnection.

12 articles3 stories

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US Treasury Sec Bessent Backs Clarity Act and Strategic Bitcoin Reserve

US Treasury Secretary Bessent backs the Clarity Act and the Strategic Bitcoin Reserve. The Treasury Secretary confirmed plans for a Strategic Bitcoin Reserve. The Secretary also signaled rapid progress on the implementation of the Strategic Bitcoin Reserve.

13 articles4 stories

BTC

Oracle and Retailers in Focus as Mixed Earnings Outlooks Set Stage for Next Week

Markets expect volatility in the S&P 500 during June as major earnings reports approach. Oracle leads the list of anticipated reports after its stock saw a 35% move following previous results. An analyst from RBC Capital raised the price target for Oracle to $190.00 ahead of its fiscal fourth-quarter earnings report. RBC Capital also maintained an 'Outperform' rating for Chewy as its P/E ratio decreased from 95 to 41. Oracle is expected to report earnings of $1.96 per share on $19.09 billion in revenue on June 10.

24 articles7 stories

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Meta Launches Enterprise AI Agent to Challenge Tech Giants in Business Sector

Meta announced plans to compensate content creators using the USDC stablecoin, starting with initial deployments in Colombia and the Philippines and aiming for a global rollout to 160 nations by year-end. Additionally, the company partnered with Reliance Industries to establish an AI-enabled data center in India. These steps highlight Meta's strategic expansion into digital payments and AI infrastructure.

7 articles4 stories

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Forex

Eurozone PMI Hits 18-Month Low, Raising Stagflation Fears Amid 4% Inflation

The Eurozone PMI has hit an 18-month low, raising concerns about stagflation amid a 4% inflation rate. However, the Eurozone and Germany PMIs were revised higher, signaling economic resilience. Additionally, business activity in the Eurozone contracted as war-driven inflation surged.

4 articles3 stories

Boohoo Group Forecasts Profit Surge as Debenhams Turnaround Gains Traction

NextNRG reported preliminary May 2026 revenue of $9.3 million, marking a 41% year-over-year increase. Concurrently, the global airline industry slashed its 2026 profit forecast by nearly half due to surging fuel costs. Furthermore, conflicts in the Middle East have disrupted major air corridors, highlighting the fragility of thin profit margins within the aviation sector.

7 articles5 stories

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Bitcoin Dips Below $66,000 Amid ETF Outflows and Institutional Selling

Bitcoin experienced its sharpest daily drop since February, falling below $66,000. This decline occurred amid ETF outflows and institutional selling, as well as military tensions between the US and Iran.

32 articles1 stories

Novo Nordisk Launches Wegovy Pill in UAE as First Market Outside US

Novo Nordisk's weight-loss pill reached 3 million prescriptions in the U.S. since its market launch. Subsequently, the company identified an IT security incident involving unauthorized access to a limited number of internal IT systems. These developments occur as the company continues its operational activities across different markets.

9 articles4 stories

NVO

Zara Owner Inditex Beats Estimates with 11.5% Summer Sales Surge

Inditex, the owner of Zara, reported an 11.5% increase in sales for May, significantly surpassing analyst expectations. This growth was currency-adjusted, reflecting the company's strong performance during the summer season.

0 articles0 stories

IDEXY

Nebius Revenue Surges 684% as AI Infrastructure Demand Explodes

Nebius' revenue surged an astonishing 684% year-over-year to $399 million in Q1, driven by demand exceeding supply and fully booked capacity. Jensen Huang's public endorsement at Computex significantly bolstered Nebius' credibility as a strategic AI infrastructure provider. However, short interest remains elevated at approximately 21% of the float, creating potential future buying pressure.

0 articles0 stories

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Camtek Secures $105M in Multi-System Orders for AI Applications

On June 3, Camtek announced that it has received multi-system orders totaling over $105 million. The orders include a $55 million request from a tier-1 OSAT supporting AI applications.

2 articles2 stories

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Commodities

Hormuz Closure Risks 20% of Global LNG Supply, Wood Mackenzie Warns

Wood Mackenzie warned that the conflict with Iran has removed over 80 million tonnes per annum of LNG, equivalent to 20% of global supply. This supply shortfall poses a significant threat to global energy markets.

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S&P 500 Pulls Back as Alphabet’s $80B AI Spending Plan Sparks Profitability Concerns

On June 4, Alphabet announced that it has raised the top end of its 2026 capital expenditure guidance to $190 billion. This announcement comes amid growing concerns about profitability following Alphabet's $80 billion spending plan in artificial intelligence, which has contributed to a pullback in the S&P 500.

6 articles4 stories

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Berkshire Hathaway Deploys $18.5B in Alphabet Stake and Taylor Morrison Deal

SpaceX entered a cloud service agreement with Alphabet's Google for compute capacity valued at $920 million per month, totaling an estimated $30 billion as SpaceX prepares for its IPO. Concurrently, Alphabet offered over $19 billion in mandatory convertible preferred stock last week. The offering was split into two equal parts at $50 per share with a 6% yield.

35 articles8 stories

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Macro

Australia Q1 GDP Growth Misses Estimates Amid Severe Weather and Weak Demand

Australia's Q1 GDP growth missed estimates due to severe weather and weak demand. Following this data, the Australian dollar weakened against the US dollar, with AUD/USD declining. Additionally, AUD/JPY slipped below 114.50 after the weaker-than-expected GDP data.

6 articles4 stories

Laser Photonics Surges 39% on US Department of War Anti-Drone Selection

Laser Photonics shares surged 39% in premarket trading after its Laser Shield Anti-Drone system was selected by the US Department of War. The company also received a follow-on order worth $13.2 million from the US Navy.

7 articles2 stories

LASE

Strive Boosts Bitcoin Treasury to 19,000 BTC as Strategy Reportedly Sells

On June 4, MicroStrategy sold 32 bitcoins from its holdings for the first time. This comes as Strive boosts its Bitcoin treasury to 19,000 BTC.

27 articles7 stories

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Bitcoin Slumps to April Lows Amid Record $1.44 Billion ETF Outflows

Bitcoin's price fell to its lowest level since April, hitting $66,000 following a wave of selling that resulted in a record $1.44 billion outflow from ETFs. The cryptocurrency market capitalization dropped to $2.22 trillion, reflecting ongoing pressures in the market. Analysts noted that more than half of the circulating Bitcoin is sitting on unrealized losses.

21 articles4 stories

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ChatGPT Surpasses 1 Billion Monthly Active Users in Record-Breaking Growth

On June 2, OpenAI's ChatGPT app surpassed 1 billion global monthly active users. ChatGPT became the fastest app ever to reach this milestone according to Sensor Tower estimates.

2 articles1 stories

MSFT

Ethereum Dips Below $2,000 as $1.4 Billion in Longs Liquidated

Ethereum's price fell below $2,000 as liquidations in the crypto market accelerated to $1.4 billion. Meanwhile, Ethereum Foundation President Aya Miyaguchi discussed a new mandate amid increasing internal tensions. While analysts forecast a potential surge for Ethereum following unprecedented Bitcoin liquidations, the cryptocurrency faces the risk of losing the key $1,800 support due to weakening demand. However, Ethereum whales are increasing their holdings, with Bitmine purchasing 25,000 ETH as the price drops.

1 articles1 stories

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Bitcoin Sinks to $66,346 Amid $1.35B in Long Liquidations

Capital flight from Bitcoin to stablecoins accelerated as the price hit $67,000. The market experienced $1.35 billion in long liquidations, leading to a drop in Bitcoin's price to $66,346.

31 articles1 stories

Duos Technologies Receives $50.4 Million from APR Energy Asset Sale

On June 2, Duos Technologies announced the receipt of $50.4 million in proceeds from the sale of substantially all assets of New APR Energy, LLC. This sale is seen as a strategic move that strengthens the company's financial position.

5 articles3 stories

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