United States-based Marvell Technology, a semiconductor company specializing in artificial intelligence infrastructure, is scheduled to join the S&P 500 index on June 22, 2026, marking a significant milestone in its growth trajectory. The upgrade follows a sustained surge in demand for Marvell’s custom chips and high-speed connectivity solutions, which play...
United States-based SpaceX has signed multi-year artificial intelligence infrastructure agreements with Anthropic and Google, collectively valued at about $26 billion annually, significantly expanding the company’s role beyond its core aerospace launch and Starlink satellite services. Under the terms of the deal, Google is scheduled to pay SpaceX roughly $920 million...
A Cleveland Federal Reserve official, Beth Hammack, a voting member of the Federal Open Market Committee, signaled that a monetary policy shift toward tighter conditions may soon be warranted following a strong U.S. jobs report released Friday. The May report showed the economy added 172,000 jobs, prompting traders to fully...
The Trump administration is examining whether the U.S. government should take ownership stakes in leading artificial intelligence companies, according to statements by President Donald Trump. He plans to gather top technology executives at the White House to discuss government-backed investments or equity positions in firms considered central to national technological...
MANILA – Global cryptocurrency markets saw a sharp downturn on June 6, 2026, as widespread selling, forced liquidations, and institutional pullbacks drove Bitcoin down to $61,000, a drop of more than 25 percent over the month. During early trading, Bitcoin briefly hovered near $63,000 and $65,708 before resuming its decline,...
U.S. stock markets fell sharply after a stronger-than-expected May 2026 employment report heightened expectations of further Federal Reserve interest rate hikes. The Nasdaq Composite dropped 1,121.53 points, or 4.18 percent, to 25,709.43, its largest single-day point loss on record and steepest percentage decline since April 10, 2025. For the week,...
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...
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...
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, 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...
