Market news
Crypto, stocks, forex and macro, aggregated for traders.
NYT: Weak Hiring May Scar New Graduates for Years
According to the New York Times, graduates entering the workforce during a weak hiring environment may face long-lasting career effects such as lower starting salaries, slower wage growth, reduced job mobility, and delayed career progression.
Trump: Gasoline prices will "drop like a rock" in 90 days
U.S. President Donald Trump stated that gasoline and energy prices will decline significantly within about 90 days once the U.S. exits Iran and the conflict ends. He made the remarks at a Wisconsin event on the economy and agriculture.
Air Raid Sirens Sound in Kuwait Amid Reports of Interceptor Activity
Air raid sirens have reportedly been activated across parts of Kuwait, with local sources attributing explosion sounds to air-defense interceptor missile activity.
Missing Funds Reports Pressure Iran’s Banking System
Reports of unexplained losses from customer accounts at major Iranian banks, including Bank Melli Iran and Bank Sepah, are raising concerns about confidence in Iran’s financial system.
US Petroleum Inventories Drop to 2004 Low on Export Surge
Total US crude and petroleum product inventories fell 10.6 million barrels last week to the lowest level since 2004, driven by a record drop in commercial stocks and surging exports to Asia and Europe, according to EIA data.
Peru Power Grid Cost Surge Threatens 15% of Global Silver Supply
A pipeline rupture, emergency funding for Petroperú, and Strait of Hormuz pressures have spiked energy costs in Peru, endangering approximately 15% of global silver mine output.
Nasdaq 100 Plunges 4.5%, On Track for Biggest Single-Day Loss of 2026
The Nasdaq 100 is falling in a straight line, down 4.5% and heading for its largest daily decline of 2026.
War Brings Volatility to Agricultural Markets, Screw Worm Pest Adds Risk
Geopolitical conflict introduces uncertainty to commodity sectors, with agricultural markets facing additional pressure from a screw worm infestation.
Meta reportedly considering tens of billions in stock offering after Google's record raise
Meta is reportedly planning to raise tens of billions of dollars through a stock offering, following Google's record $85 billion equity raise this week, according to the Financial Times.
US Yields Surge After Strong NFP Data Fuels Rate Hike Bets
US Treasury yields soared on Friday, with the 2-year note rising over 12 basis points and the 10-year surging 6 bps, following an outstanding Nonfarm Payrolls report that strengthened expectations for Fed rate hikes.
US Financial Conditions Index Falls to -1.75, Lowest in 2.5 Years
The US Financial Conditions Index has dropped to -1.75, the lowest level in at least two and a half years, driven by equity gains and tighter credit spreads. Conditions have eased 0.80 points since March 2025 despite the market pricing in roughly 20 basis points of Fed rate hikes by December 2026.
Gold Plunges as US NFP Blowout Pushes DXY Above 100
Gold (XAU/USD) tumbled during the North American session on Friday after the US Nonfarm Payrolls report far exceeded expectations, with the prior three months revised upward, boosting the dollar and raising the odds of further Fed tightening.
Dow Jones Drops as Strong Economy Data Revives 'Good News Is Bad News' Reflex
The Dow Jones Industrial Average fell on Friday as strong economic data revived the old market reflex that good news for the economy is bad news for stocks.
Anthropic: AI Writes Over 80% of Its Product Code, Signals Self-Improvement
Anthropic's internal data shows that Claude, its AI model, now writes over 80% of the code for current products, with code volume per engineer growing eightfold in Q2 2025. The company sees signs of approaching recursive self-improvement, though it says the point of no return has not yet been reached.
Bessent: Iran’s Economy Floundering, Military Decimated; Treasury to Cut Shadow Networks
Treasury Secretary Bessent stated that Iran’s economy is floundering and its military decimated, and that the Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.
Trump Annoyed Stocks Not Rallying After Strong NFP
US President Donald Trump expressed annoyance that the stock market did not rally following a stronger-than-expected May Nonfarm Payrolls report.
Paris Startup C12 Unveils Pick & Place Tech for Carbon-Nanotube Quantum Processors
C12's new Pick & Place method enables micrometer-precision transfer of single nanotubes onto silicon chips, allowing pre-testing and selection of nanotubes before integration. The company says it assembled 50 devices in the past four weeks, compared to an entire year in 2025.
Rabobank: Gradual EU Reset Only Marginally Boosts UK Growth
Rabobank says closer EU-UK ties under Prime Minister Starmer will come via targeted technical agreements that provide only marginal improvement to the UK's growth outlook.
ECB June Forecasts to Include Higher Rate Assumptions, Modest Growth Downgrades – Nomura
Nomura analysts expect the ECB's June macroeconomic projections to incorporate higher market rate assumptions and exclude May HICP data, leading to modest downward revisions to growth forecasts.
Trump Says Strong Jobs Report Should Lift Stocks
Former President Donald Trump argued that a strong jobs report should boost stock markets, rejecting the idea that growth fuels inflation.
US Central Command: USS Tripoli Transits Arabian Sea as Blockade Against Iran Continues
The US Central Command reports that the amphibious assault ship USS Tripoli is transiting the Arabian Sea to support the ongoing blockade against Iran. So far, US forces have redirected 129 commercial vessels and disabled 6 to enforce compliance.
Commerzbank: Conflicting Demand Signals Weigh on Oil Outlook
Commerzbank analysts note that Brent and European gas prices edged up on renewed US-Iran tensions, but muted reactions reflect ample inventories and rerouted supply flows.
U.S. Indices Mixed at Open: S&P 500 and Nasdaq Fall, Dow Edges Higher
At the market open, the S&P 500 dropped 0.69%, the Nasdaq fell 1.20%, while the Dow Jones rose marginally by 0.05%.
US Central Command: Iranian Forces Did Not Attack Navy Warships
The US Central Command denied reports that Iranian forces fired at American warships, stating it would violate a ceasefire. US forces continue to enforce a blockade against Iran.