June 2026
Saturday, 13 June 2026
SpaceX goes public — and the first-day pop reveals who really got paid
SpaceX's stock jumped 19% on its trading debut, a "successful" IPO that quietly handed billions to the few investors who got shares at the offer price. The market rose too, as oil sank toward a three-month low on US-Iran deal hopes.
Friday, 12 June 2026
Europe raises rates into a war — to fight a fire it can't reach
The ECB hiked for the first time since 2023, not to cool a hot economy but to stop a war-driven oil shock from becoming a lasting belief that prices keep rising. Japan is about to follow. The cost of money is climbing worldwide.
Thursday, 11 June 2026
Gold was the safe place to hide. So why did it fall during a war?
Gold sank to a six-month low and deeper into a bear market — even as the US and Iran traded fire. The reason isn't the war. It's the interest rate.
Wednesday, 10 June 2026
The AI boom's loudest deals are stock sales. Its biggest ones are loans.
SpaceX and OpenAI grabbed the headlines with their IPOs. The real money funding the AI buildout is moving quietly through private credit, lease backstops, and margin loans — debt structured so the labs don't visibly carry the risk.
Tuesday, 9 June 2026
Italy's biggest bank makes a $35 billion grab for its oldest rival
Intesa Sanpaolo launched an unsolicited bid for Monte dei Paschi to build the euro zone's second-largest lender — the latest move in a wave of banks swallowing banks. Plus: AI giants race to go public, oil stays high on war risk, and airline profits get cut in half.
Monday, 8 June 2026
SpaceX is about to sell for $1.75 trillion — and the "Dean of Valuation" says don't buy
SpaceX's IPO has triggered one of the year's biggest investor frenzies, oversubscribed twice over despite the company having no profits. The split between its price and its value is a clean lesson in the difference between the two.
Sunday, 7 June 2026
A hot jobs report breaks the AI rally — and almost everything falls at once
Friday delivered the Nasdaq's worst day in over a year as strong hiring revived rate fears and doubts about AI spending hit chip stocks. Stocks, bonds, oil and gold fell together. Plus: oil defies the doom forecast, and a record French telecom deal.
Saturday, 6 June 2026
A hot jobs report flips the Fed — and stocks crack
May's blockbuster payrolls erased bets on rate cuts and replaced them with bets on a hike this year, triggering a $1 trillion chip rout and dragging down gold, Bitcoin and the whole risk trade.
Friday, 5 June 2026
The jobs headline looks steady. Underneath, the cracks are showing.
The May jobs report lands Friday looking calm — about 85,000 new jobs, unemployment at 4.3% — but jobless claims just hit a four-month high and layoff filings their highest since the war began. Meanwhile a weak Broadcom forecast dragged chip stocks and the Nasdaq while the Dow climbed, and bitcoin sank to a pre-war low.
Thursday, 4 June 2026
The longest stock rally in 30 years finally hits a wall
US stocks snapped a nine-day winning streak — their longest run since 1995 — as the Iran war pushed bond yields to a 20-year high and investors stopped looking past the fighting. Bitcoin fell to a three-month low, the dollar held firm, and for the first time in years, boring government bonds are paying enough to be worth a look.
Wednesday, 3 June 2026
Oil and the dollar climb on the war, and the stock market parties anyway
Crude rose a third straight day and the yen neared crisis levels as Middle East talks stalled — yet AI optimism pushed US stocks to another record. Bitcoin fell to its lowest since February, a Fed official floated rate hikes, and emerging-market central banks scrambled to defend their currencies.
Tuesday, 2 June 2026
Stocks are climbing at a pace seen only a handful of times since World War II — and one of those ended badly
Wall Street keeps setting records on hopes the Iran war is winding down, but the sheer speed of the climb and a collapse in demand for downside protection have strategists flagging froth — even as stubborn inflation keeps the world's central banks leaning hawkish.
Tuesday, 2 June 2026
Inflation creeps back and central banks turn hawkish — even as US stocks keep setting records
A war-driven price pulse is pushing the Fed, the ECB, the Bank of Japan and others toward higher rates, while Wall Street rides an AI boom to fresh highs and bond yields slip on ceasefire hopes.