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Iran's Inflation Nears 90% as Economic Crisis Worsens
Iran's inflation rate is approaching 90%, driven by currency weakness, sanctions, supply disruptions, and regional tensions, deepening the country's economic crisis.
U.S. Says Iran Situation Still Fluid, Assessing Attacks
A U.S. official reports that the situation involving Iran remains fluid and is developing, as Washington assesses Tehran's latest missile and drone launches and monitors regional security.
Iran's IRGC Navy Claims Control Over Strait of Hormuz, Warns Vessels
Iran's Islamic Revolutionary Guard Corps Navy stated that recent US strikes near Sirik will not determine control over the strategic Strait of Hormuz, and that warning shots are meant to enforce Iran's transit rules.
Iran Launches Missiles and Drones Toward Bahrain and Kuwait
Iran has launched multiple missiles and drones toward Bahrain and Kuwait, according to a U.S. official. Bahrain reports Iranian drones entering its airspace, while Iran says it targeted U.S.-linked military sites.
US Housing Market Tilts to Buyers: Record Concessions in May
A record 46% of US home sellers offered concessions to buyers in May, double the rate since 2022, as the number of sellers now exceeds buyers by nearly 47%.
Trump Announces New US Military Strikes on Iran, Threatens Existence
President Trump announced new US military strikes on Iran and warned that Iran "will no longer exist" if the US reaches a point where it cannot be reasonable.
South Korea Margin Loans Hit Record $26B, Forced Liquidation Spikes
Margin loans in South Korea have reached a record ~$26 billion, doubling since early 2025, but as a share of free float they are at pandemic lows. The daily forced liquidation ratio recently spiked to 4-5% of total outstanding margin loans, far above the normal ~1%, indicating heightened market stress.
US Military Conducts More Strikes in Strait of Hormuz
The U.S. military has carried out additional strikes in the Strait of Hormuz area, marking the second round since a recent memorandum of understanding was signed, according to Axios.
China Gold Imports Reach 163 Tonnes in May, Central Bank Adds 10t
China imported 163 tonnes of gold in May, the highest monthly figure since March 2024, marking three consecutive months above 150 tonnes. The People's Bank of China added 10 tonnes to its reserves, extending its buying streak to 19 months.
US Median Home Price Jumps $8,400 in May; Gap with Average Price Widens to 27%
The US median home sales price rose $8,400 in May to $424,900, the second-highest since January 2025, while the gap between median and average prices hit a record 27%.
Tech Sector Hits Record 39% of S&P 500 Market Cap, Exceeds Dot-Com Peak
The Information Technology sector now accounts for 39% of the S&P 500's total market cap, exceeding the Dot-Com bubble's 33% peak and the 1980s Energy sector high of ~31%.
US Tech Funds See Record $15B Outflow in a Week
US technology sector funds suffered $15 billion in outflows last week, the largest weekly withdrawal in at least 2.5 years, after a record $19 billion inflow the prior week.
Retail Rotates Out of Gold and Bitcoin Into Semiconductor ETFs
Since April, cumulative outflows from US gold and Bitcoin ETFs reached $12 billion, while semiconductor ETFs attracted $20 billion in inflows. The rotation accelerated in mid-May, with gold and Bitcoin funds more than tripling their outflows and semiconductor ETF inflows doubling.
S&P 500 Equal-Weight ETF RSP Outperforms SPY by Most Since 2009
The S&P 500 equal-weight ETF (RSP) is on track for its largest monthly outperformance over the cap-weighted S&P 500 ETF (SPY) since 2009, with a 5 percentage point lead in June. Weekly outperformance hit 3.4 percentage points, the widest since the 2020 pandemic.
Jordanian FM: Framework Agreement Aims to Restore Lebanon's Stability
Jordan's foreign minister expressed hope that the upcoming framework agreement will serve Lebanon's interests and help restore stability while reinforcing state sovereignty.
Chinese Hedge Funds Warn AI Super Bubble Near Bursting Point
Two prominent Chinese hedge fund managers warn that the global AI rally has entered a 'super bubble' phase and may be approaching a major correction.
China Advisers Urge Action on AI-Driven Economic Divergence
Several advisers to the Chinese government are calling for measures to address the widening gap between high-tech sectors boosted by AI and the sluggish domestic consumer spending.
US Strikes Iranian Sites After Drone Attack on Ship; Iran Retaliates
The US struck Iranian missile, drone and radar sites in southern Iran after what it called an Iranian drone attack on a Singapore-flagged container ship. Iran retaliated by striking US-linked targets.
Bahrain condemns Iranian drone attack as sovereignty violation
Bahrain has condemned an Iranian drone attack on its territory, accusing Tehran of violating its sovereignty and breaching a recent US-Iran memorandum of understanding.
Trump Warns BRICS of 100% Tariffs Over Dollar Undermining
Donald Trump has reiterated his threat to impose 100% tariffs on BRICS nations if they attempt to create or back an alternative reserve currency that undermines the US dollar.
Strike Reported Amid Iran-US-Israel Tensions, No Casualties
A strike occurred without immediate reports of casualties or damage, amid heightened regional tensions involving Iran, the United States, and Israel.
European gangs now 'corporations of crime' with hundreds of thousands of members
An intelligence report reveals that Europe's most dangerous gangs have grown to include hundreds of thousands of members, operating openly as organized 'corporations of crime'.
Apple Seeks White House Approval to Buy Chips from Blacklisted Chinese Company
Apple is pressing the White House for approval to purchase memory chips from a blacklisted Chinese company in an effort to control chip costs, according to a Financial Times report on Saturday.
UAE Official Hails Lebanon-Israel Framework as Positive Step for Sovereignty
Anwar Gargash, a senior UAE official, described the U.S.-sponsored framework agreement between Lebanon and Israel as an important step toward restoring Lebanon's full sovereignty over its territories.