New York bank upgrades Tesla on autonomy shift

 

On June 5, 2026, JPMorgan Chase upgraded Tesla’s stock rating from “underweight” to “neutral” and raised its price target from $145 to $475. The bank’s analysts, led by Rajat Gupta, cited a structural change in Tesla’s business model, emphasizing a move away from relying primarily on electric vehicle sales toward...

Washington unveils sanctions on Iranian petroleum shadow network

 

The U.S. Treasury’s Office of Foreign Assets Control has launched a new sanctions enforcement action, dubbed “Economic Fury,” against a network accused of exporting Iranian-origin liquid petroleum gas to buyers across South and East Asia. Announced in Washington this evening by Treasury Secretary Scott Bessent, the action targets individuals, companies...

Bears Board Advances Hammond Stadium Project, Officials React

 

Hammond, Indiana: The Chicago Bears' board voted Thursday to advance a stadium development project in Hammond, with the organization issuing a statement Friday saying the exact site will be selected later. The move follows a yearslong consideration of alternatives and comes after Illinois lawmakers adjourned this spring without passing legislation...

New York stocks surge on Iran peace optimism

 

New York, United States – U.S. stocks rallied sharply on Friday, with the Dow Jones Industrial Average jumping nearly 900 points as investors reacted to growing optimism over a potential peace deal between the United States and Iran. The surge marked one of the largest single-day point gains for the...

Global crypto markets slide as ether sinks

 

United States-based cryptocurrency markets fell sharply on Friday, June 5, 2026, as a broad-based selloff hit major digital assets and smaller tokens alike. Ether dropped more than 8% to US$1,625, its lowest level since April 2025, underscoring the depth of the retreat in one of the sector’s bellwether coins. Bitcoin,...

Columbus McKinnon Reports Mixed Fiscal Q4 Results, Guidance

 

Charlotte, North Carolina — Columbus McKinnon reported fiscal fourth-quarter results on Thursday, posting adjusted earnings of $0.24 per share and revenues of $437.8 million for the quarter ended March 2026; the company also recorded a GAAP loss of $238.2 million. Management said comparability was affected by the Feb. 3, 2026...

United States orders recall of 420,000 Ford vehicles

 

United States – Ford Motor Company has initiated a mandatory recall of nearly 420,000 vehicles, according to a regulatory filing released on June 4, 2026. The recall covers specific Ford Expedition sport-utility vehicles and certain models from the company’s Lincoln luxury brand after federal safety investigators identified a defect in...

United States chipmaker Broadcom shares tumble on revenue miss

 

United States-based Broadcom shares fell about 13% in after-hours trading after the semiconductor company reported second-quarter revenue below analyst expectations, even though it delivered earnings per share that surpassed forecasts. The company also issued third-quarter revenue guidance that came in under market projections, prompting a sharp sell-off late Thursday and...

Washington proposes new tariffs over global forced labor

 

The U.S. Trade Representative (USTR) has proposed new import tariffs on goods from 60 economies after concluding they failed to adequately curb trade in products made with forced labor. Announced on June 3, the plan seeks to reestablish tariff measures that were struck down by the U.S. Supreme Court earlier...

United States firm SpaceX plans record-breaking $1.75 trillion IPO

 

United States-based SpaceX is preparing an initial public offering that is projected to become the largest in financial history, targeting a valuation of about $1.75 trillion with an offering price of $135 per share. The planned IPO would raise roughly $75 billion, providing substantial capital to support the company’s expanding...