Market news
Crypto, stocks, forex and macro, aggregated for traders.
S&P 500 Falls Below 7,300, Erases $3 Trillion Since June High
The S&P 500 extended its losses to nearly 100 points on the day, falling below the 7,300 level. The index has now lost approximately $3 trillion in market capitalization since its peak on June 2.
Trump Threatens Heavy Iran Strikes as Tehran Defies Pressure
US President Donald Trump threatened to attack Iran "very hard," blaming Tehran for slow negotiations on a potential deal.
US Treasury Disrupts Iranian Military Procurement Networks
Treasury Secretary Bessent announced that the department has frozen Iranian regime assets, disrupted the economy, and dismantled procurement networks supporting the Iranian military.
US Energy Secretary Wright Unaware of Oil Trump Claims Taken from Iran
US Energy Secretary Wright said he has no knowledge of the oil that President Trump claimed the US is extracting from Iran, which Trump cited as a reason US oil prices fell toward $85 per barrel.
Trump: 'I Love the Inflation' as CPI Rises to 4.2%; US Seizes Iranian Oil
President Trump commented on the latest US CPI reading of 4.2%, saying he loves the inflation, while also announcing the seizure of 22 Iranian oil ships.
Iran President Calls Trump's Infrastructure Threats a Sign of Desperation
Iranian President Pezeshkian responded to President Trump's threats to target Iranian infrastructure, calling the threats a sign of desperation and vowing national unity against any pressure.
Iran President: Threats to Infrastructure Show Desperation
Iran's president stated that targeting critical infrastructure is a sign of desperation, not strength, and that Iran will resist any pressure or threat.
WTI Crude Oil Rises 2.33% as Trump Warns Iran, EIA Reports Draw
West Texas Intermediate crude oil climbed around 2.33% to $89.40 on Wednesday, supported by geopolitical tensions after President Trump's warning to Iran and a larger-than-expected US crude stock draw reported by the EIA.
CENTCOM Disables 8 Vessels, Redirects 134 Since April 13 Blockade
US Central Command reported disabling eight non-compliant vessels, redirecting 134 compliant ships, and allowing 42 humanitarian aid vessels to pass since initiating a blockade on April 13.
US Central Command Disables Palau-Flagged Tanker in Gulf of Oman
US Central Command (CENTCOM) disabled the Palau-flagged M/T Settebello in the Gulf of Oman after the crew failed to comply with directions from American forces. Precision munitions were fired into the ship's engine room.
U.S. Forces Disable Second Oil Tanker in Gulf of Oman Amid Iran Blockade
For the second consecutive day, U.S. forces disabled an oil tanker in the Gulf of Oman after it attempted to transport oil from Iran in violation of the ongoing blockade.
US May CPI: Headline 4.2% Hot, Core 0.2% Misses Consensus
US headline CPI rose to 4.2% year-over-year in May, the highest since April 2023, while core CPI rose just 0.2% month-over-month, below the 0.3% consensus.
Trump Says US Military Will 'Hit Iran Hard,' Stocks Fall
President Trump announced that the US military will conduct a significant strike against Iran, causing the US stock market to hit a new intraday low.
Anthropic Releases Claude Fable 5 and Claude Mythos 5
Anthropic has released two new versions of its Claude model family: Fable 5, a safe public model, and Claude Mythos 5, a private version with relaxed restrictions for trusted partners. The public model uses safety classifiers to redirect sensitive queries to Claude Opus 4.8.
Nasdaq 100 Falls 1.8% in 40 Minutes, Nears Correction Territory
The Nasdaq 100 dropped 1.8% in 40 minutes to its session low, now just 3% away from entering correction territory.
Trump Urges Congress to Extend FISA 702 Law Temporarily
President Trump called on Congress to pass a short-term extension of FISA Section 702, warning the law will expire this week and citing its importance for military and public safety during World Cup and America250 celebrations.
Iran Diversifies Crude Oil Procurement from Africa, Beyond Middle East
Iran is expanding its crude oil procurement sources to Africa and beyond the Middle East, following the military conflict with the US and Israel in February. The country is also buying from the US, Central and South America, and Central Asia.
Japan's Takaichi to Announce 100% Alternative Oil Procurement Bypassing Hormuz by July
Japan's Minister of State for Economic Security Sanae Takaichi will announce at a ministerial meeting on Middle East affairs on April 11 that alternative crude oil procurement bypassing the Strait of Hormuz will reach 100% in July, citing progress in securing oil from the US and other countries.
Russian State Duma Passes First Reading of Crypto Taxation Bill
The Russian State Duma approved in the first reading a bill that aligns the Tax Code with the forthcoming law on digital currency and digital rights.
May Inflation Data: US Core Slips, Euro Area Core Rises
Headline inflation rose as expected in both the US and euro area in May, but core inflation diverged: US core surprised to the downside due to weak goods inflation, while euro area core surprised to the upside due to strong services inflation.
US Consumers Face 7%+ Mortgage Rates, 4.2% Inflation as CPI Mirrors Late 1970s
American consumers are dealing with mortgage rates above 7%, inflation over 4.2%, and a 30% drop in dollar purchasing power since 2020, while CPI inflation trends resemble the late 1970s.
Macklem Warns Consecutive Rate Hikes Possible If Energy-Driven Inflation Broadens
Bank of Canada Governor Tiff Macklem said that if higher energy prices lead to generalized inflation, consecutive rate increases may be needed. He also noted recent volatility in Canadian jobs data, with employment little changed since January.
Macklem: Significant US Trade Restrictions May Force Rate Cuts
Bank of Canada Governor Macklem stated that significant new US trade restrictions could necessitate cutting interest rates, and that uncertainty remains unusually elevated.
Bank of Canada Focused on Preventing Energy Price Inflation from Becoming Persistent
Bank of Canada Governor Tiff Macklem stated that monetary policy remains focused on ensuring higher energy prices do not lead to persistent inflation, and the bank will watch for broadening price pressures.