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Russian Hackers Behind 2025 Ransomware Attack on Jaguar Land Rover – Report
According to a New York Times report, Russian hackers were behind the 2025 ransomware attack on Jaguar Land Rover. The attack used sophisticated encryption and is estimated to have cost the UK economy about $2.5 billion.
Raisi Signals Internal Divisions Over US Agreement in Iran
Iranian President Raisi implied deep splits within leadership, claiming a senior official threatened to resign if a US deal was not signed and that military commanders chose the 'lesser of two bad options.'
US median home payment hits $2,647, highest in a year
The median US monthly housing payment rose to $2,647 in the four weeks through June 14, the highest level in a year, according to Redfin. The increase reflects firmer home prices and still-elevated mortgage costs.
Iran's IRGC Claims Retaliatory Strikes on US Military Positions
The Islamic Revolutionary Guard Corps announced it struck US military targets in the region, citing retaliation for a US attack on Iranian missile and drone storage sites.
Asian Chip Stocks Surge, Outpacing Magnificent 7 by Record Margin
The MSCI EM Semiconductors index has soared to a record ratio of ~205 relative to the Magnificent 7, more than doubling since early 2026. Asian chip stocks have surged 91% year-to-date while the Mag7 has fallen 7%, driven by South Korean manufacturers SK Hynix and Samsung, which have rallied 348% and 199% respectively.
SpaceX to Join Nasdaq-100 Index from July 7
Nasdaq announced that SpaceX will be added to the Nasdaq-100 index effective July 7, subject to final eligibility. Index-tracking funds are expected to begin buying shares after market close on July 6.
US Signals Tough Stance on Iran After First Post-MOU Strike
U.S. Vice President JD Vance stated that Iran signed a ceasefire agreement which Washington has honored, urging diplomatic resolution of disputes rather than military action.
US Strikes Iranian Missile, Radar Sites After Strait of Hormuz Attack
The U.S. military conducted airstrikes on Iranian missile and drone storage facilities and coastal radar sites in response to a reported drone attack on a commercial vessel in the Strait of Hormuz.
Trump Administration Strikes Deal with Anthropic to Release Mythos 5 Model
The Trump Administration has reached an agreement with AI company Anthropic to allow limited release of its Mythos 5 model to about 100 companies and federal agencies, ending a two-week standoff.
Iran's IRGC Targets US Army Locations, Warns of Broader Response
Iranian state media reports that the IRGC has struck US military deployment sites in the Middle East in retaliation for US strikes, threatening broader retaliation if attacked again.
HSBC: Thailand Q1 2026 Growth Beats on AI Demand, but 2027 Slowdown Expected
HSBC notes Thailand's 1Q26 GDP exceeded expectations, driven by strong electronics exports and AI-related activity, but warns of a slowdown by 2027.
DBS: South Korea June Exports to Surge 50-60% YoY, Trade Surplus to Exceed $30bn
DBS Group Research forecasts South Korea's June exports will grow 50-60% year-on-year, with the trade surplus widening above $30 billion, driven by AI-related semiconductor demand and higher memory prices, supporting the central bank's rate hike path.
US Military Conducts New Strikes Near Strait of Hormuz
The US military has carried out fresh strikes in the area of the Strait of Hormuz, according to Axios. This marks the first US strikes in the region since a Memorandum of Understanding was signed.
Iran Resumes Oil Exports After 50-Day US Blockade
Iranian President Masoud Pezeshkian announced that Iran exported 16 million barrels of oil in recent days, ending a 50-day period without any shipments due to the US blockade.
India Names Avenue After Donald Trump in Hyderabad
India has announced the naming of 'Donald Trump Avenue' in Hyderabad, making Trump the first US president to have an avenue in India named in his honor.
Wall Street Ends Mixed: Dow and Nasdaq Dip, S&P 500 Edges Higher
U.S. stock markets closed with a mixed performance on the day. The Dow Jones and Nasdaq posted slight declines, while the S&P 500 managed a marginal gain.
AI Agent Market Set to Reach $300B by 2035, Memory Remains Challenge
New research projects the AI agent market will grow from $8 billion today to nearly $300 billion annually by 2035. However, a key limitation persists: AI agents struggle to remember information across sessions and understand data relationships.
Silver Breaks Below $60, Eyes $55 After Weekly Drop of 10.29%
Silver (XAG) fell below the $60 mark for the first time since early December, despite a Friday gain of nearly 2%. The metal is on track for a weekly loss of over 10%, with bears targeting $55.
US Dollar Faces Key Labor Market Test with NFP, ISM, and Central Bank Commentary Ahead
The upcoming week presents a major test for the US dollar as investors focus on NFP data, ISM manufacturing, Eurozone inflation, and remarks from the Fed, ECB, and BoE.
AAII Survey: Retail Bullishness Spikes to 2nd Highest Since January
The AAII survey for the week ending June 25 shows 44.9% of individual investors bullish, the second-highest since mid-January. The bull-bear spread turned positive for the first time in six weeks.
DBS Forecasts Vietnam Q2 2026 GDP Growth at 7.8%, Matching Q1 Pace
DBS Group Research projects Vietnam's real GDP growth at 7.8% year-on-year for Q2 2026, consistent with Q1, citing strong electronics manufacturing, AI-driven tech demand, FDI, and resilient retail.
US Rig Count Rises to 573 as Oil and Gas Drilling Picks Up
The Baker Hughes rig count for the week ending June 26 rose to 573, up from 563 the previous week, with oil rigs increasing by 7 and gas rigs by 3.
2x Leveraged Memory ETF RAM Posts Record $380M First-Day Volume
The 2x leveraged long memory ETF RAM recorded ~$380 million in notional volume on its debut, the largest first-day volume for any US-listed leveraged or inverse ETF. The fund tracks DRAM and delivers 200% of its daily performance.
Philippines Faces Stagflation Risks as Inflation Surges, Growth Slows – HSBC
HSBC strategists warn that the Philippines is flirting with stagflation as GDP growth decelerates while inflation reaches the highest in ASEAN, driven by weak public spending and cautious household demand.