Track the evolution of major financial and economic events
Honeywell's Board has finalized a plan to split into two independent public companies by June 29, 2026: Honeywell Technologies (Automation) and Honeywell Aerospace. The aerospace entity will trade on Nasdaq under the ticker HONA, with a reverse stock split occurring concurrently with the spin-off. Additionally, Honeywell's Quantinuum unit successfully raised $1.68 billion in an IPO priced above its initial range. The company reaffirmed its 2026 full-year guidance, projecting total sales between $38.8 billion and $39.8 billion.
Berkshire Hathaway announced its acquisition of homebuilder Taylor Morrison for $8.5 billion, with a cash payment of $72.50 per share. The deal includes equity valued at approximately $6.8 billion. Meanwhile, Berkshire is investing an additional $10 billion in Alphabet, which plans to raise $80 billion to fund its AI investments. The United States may be on track to implement its first comprehensive housing legislation in decades, aimed at limiting institutional investors' purchases of single-family homes.
The White House has set July 4 as the target date for President Trump to sign the CLARITY Act into law to regulate cryptocurrencies. SEC Chair Paul Atkins urged Congress to pass the bill so that both the SEC and CFTC can begin implementation.
On June 4, Wall Street investors are increasingly worried about US debt sustainability and are demanding higher yields. The Treasury market is eyeing Friday's non-farm payrolls report as a critical indicator for interest rate paths.
Carnival reported a 6% revenue growth and an 11% operating earnings growth in Q1 2026. The company also reinstated a quarterly dividend of $0.15 per share, with 85% of 2026 capacity already sold.
On May 31, NetApp reported an EPS of $2.43, beating estimates by $0.16. The company's revenue reached $1.95 billion, representing a 12.47% year-over-year increase.
SoftBank announced a $52 billion investment in a French AI data center network. The company also committed €75 billion to France for the expansion of AI data centers. This investment aims to enhance the AI infrastructure in the country.
On May 30, ExxonMobil Senior VP Neil Chapman warned that global crude oil prices could soar to $160 per barrel. This warning is driven by dwindling global commercial inventories reaching critically low levels.
On May 30, a missile interception in Kuwait resulted in falling debris that injured five people, including US contractors and active-duty personnel. On June 3, Iranian drones and missiles struck Kuwait International Airport, killing one person and injuring several others. On June 4, the U.S. House of Representatives passed a Democratic resolution to block U.S. military action against Iran, requiring President Trump to either end military operations or seek explicit congressional approval to continue.
Nvidia CEO Jensen Huang stated that fiber optics and silicon photonics are becoming essential to overcome copper's limitations at higher bandwidths. Huang and SK Group Chairman Chey Tae-won are expected to announce a cooperation plan this coming Monday. These developments precede the scheduled debut of the first Nvidia-powered Windows PC by Nvidia and Microsoft next week.
Nvidia and Microsoft are set to unveil the first Windows OS computers powered by Nvidia chips next week. On June 1, Nvidia announced the launch of its first personal computer processor, leading to an 11% rise in Arm Holdings shares. Additionally, Arm Holdings shares jumped 18% following the launch of the NVIDIA RTX Spark Superchip, validating the Arm architecture as the foundation for the next generation of AI PCs. Furthermore, IREN closed a $3.65 billion investment-grade loan to purchase Nvidia chips for Microsoft, marking the first deal of its kind in the U.S. private placement market.
The Nvidia GTC AI Conference and FedEx Freight spin-off lead global market watch. Nvidia shares jumped 6% on GTC Taipei news, with Bank of America setting a price target of $350. Nvidia's CEO warned of persistent supply constraints amid a global surge in AI chip demand.
On May 29, U.S. President Donald Trump announced the immediate lifting of the naval blockade in the Strait of Hormuz with no tolls. The agreement includes a 60-day extension of the U.S.-Iran ceasefire and the destruction of unearthed uranium. Following this geopolitical announcement, Bitcoin price surged above the $74,000 level.
On May 29, the Reserve Bank of New Zealand (RBNZ) surprised markets with a hawkish decision, raising the probability of a July rate hike to 79%. On the same day, expectations for a rate hike from the Reserve Bank of Australia (RBA) were scaled back due to softening economic data and rising unemployment. Additionally, optimism over a US-Iran deal led to a drop in oil prices and a dovish repricing of global rate expectations.
Walmart reported its financial results for the quarter ended April 30, 2026, with total revenues rising to $177.751 billion. eCommerce sales experienced strong growth of 26% during the quarter. However, free cash flow turned negative due to aggressive capital expenditures in automation and supply chain.
Blackstone capped redemption requests from its flagship private credit fund after surges reached $4.5 billion in the second quarter amid mounting sector fears. In response, the firm is planning to sell stakes in private investment funds worth approximately $2 billion in one of the largest deals of its kind. This move aims to test investor appetite for aging private equity vehicles and manage liquidity demands.
BitFuFu reported a loss of $0.21 per share, significantly missing analyst estimates of a $0.03 profit. Revenue fell 6.8% year-over-year to $72.66 million, missing the estimated $93.35 million. The net loss widened to $35.0 million, driven by a $35.6 million non-cash fair value loss reflecting Bitcoin price fluctuations. On May 30, Bitdeer reported zero net Bitcoin holdings after selling 206.2 BTC.
On May 29, SpaceX filed its IPO prospectus for a Nasdaq listing under the ticker SPCX, targeting a valuation of $1.8 trillion. The company aims to raise $75 billion, making this offering the largest in history and increasing competitive pressure on smaller players like Virgin Galactic. However, Danish pension fund AkademikerPension decided not to invest in SpaceX due to concerns over valuation and governance.
Eightco Holdings revealed a substantial investment portfolio valued at approximately $437 million in early June 2026, adjusted to $406 million by June 11. The holdings include a $90M indirect investment in OpenAI and $18M in Beast Industries. Additionally, the company maintains significant digital assets consisting of 16,278 ETH and over 283 million WLD tokens, alongside $142 million in cash and cash equivalents.
SentinelOne shares fell nearly 11% after issuing weaker-than-expected second-quarter revenue guidance. The company also announced a workforce reduction of approximately 8% alongside its financial results. First-quarter fiscal revenue reached $276.7 million, slightly missing the Wall Street consensus of $277.3 million.
On May 29, the CFTC Chairman announced that the crypto perpetual futures market is entering the U.S. after years of operating offshore. Kalshi and Coinbase received permission to bring these futures to U.S. investors. CME Group launched 24/7 trading for Ethereum futures, and VanEck introduced the first U.S.-listed ETF tied to Binance Coin (BNB). The market experienced significant volatility, with the synthetic SpaceX perpetual contract crashing by 45% within 30 minutes, wiping out over $1.5 million in leveraged positions.
Stellar's XLM token surged by over 50% within a single week following the announcement of a strategic partnership with US financial giant DTCC. This partnership was announced on May 29, contributing to increased investor confidence and demand for the token.
On May 29, Oppenheimer reiterated its Outperform rating for MongoDB and raised its price target to $410 from $375. MongoDB reported Q1 fiscal 2027 revenue of $687.62 million, a 25% year-over-year increase. Additionally, Atlas cloud database revenue grew by 29%, contributing 75% of the company's total revenue.
FedEx Freight will begin independent trading on Monday following its spinoff. FedEx has finalized the spin-off of its freight division into an independent public company. Bank of America has initiated coverage on FedEx Freight with a Buy rating and a price target of $185.
