The S&P 500 achieved its 11th winning week in 12 despite Federal Reserve signals of potential interest rate hikes. Positive developments in U.S.-Iran relations and a surge in chipmaker stocks, particularly Intel, fueled market gains. Oil prices dropped significantly following the U.S.-Iran MOU.
Cross-voting impacted Rajya Sabha elections in Jharkhand and Legislative Council polls in Karnataka. While NDA gained in Jharkhand, Congress outmaneuvered BJP in Karnataka. Both parties exhibit double standards regarding cross-voting.
Andrew Tate, founder of the Real World, reportedly lost nearly $100,000 in Bitcoin trading between Wednesday and Thursday, with his wallet balance dropping to $14,000 from $100,000. His total losses on Hyperliquid exceed $804,000.
A Russian officer claims Ukrainian troops are not resisting in Konstantinovka, Donetsk People's Republic, and are fleeing the city. He stated they have low morale, are sustaining heavy losses, and that Russian forces control the sky, destroying enemy drones.
Hong Kong police arrested nine individuals, including eight men and one woman, for their alleged involvement in two farm burglaries in Tin Shui Wai. The total losses are estimated at over HK$2.7 million, including cash, watches, jewelry, and gold. Some stolen items have reportedly been pawned in Macau.
Indian IT stocks plummeted Friday, losing Rs 1.35 lakh crore in market value after Accenture's weaker-than-expected outlook fueled fears of AI disruption. Infosys led the decline with an 8% drop, as investors worry about generative AI's impact on traditional IT services.
South Korea's financial watchdog warned retail investors of potential losses due to extreme volatility in newly introduced single-stock leveraged ETFs. The underlying assets, Samsung Electronics and SK hynix, are experiencing increased volatility driven by an AI rally, amplifying risks for these ETFs.
Seoul stocks opened at a fresh record high on Thursday, with the KOSPI index rising 0.23% to 8,884.92. This occurred despite overnight losses on Wall Street, influenced by the U.S. Federal Reserve's hint of a rate hike and uncertainty surrounding a U.S.-Iran peace deal.
The S&P 500 fell 1.2% and the Dow dropped 500 points on the first "Fed day" under new Federal Reserve Chairman Kevin Warsh, marking the worst performance for the index on such a day since 1994. Investors interpreted Warsh's focus on price stability as a signal against anticipated interest rate cuts.
A new Polymarket user, 'fishalive,' turned $400,000 into nearly $9 million by betting against Spain in their 0-0 draw with Cape Verde, highlighting the risks and potential rewards of prediction markets.
The BBC is cutting 550 jobs in news, nations, and TV/radio content as part of a plan to save £500m over two years. The cuts include ending Radio 4's The World Tonight, reducing presenters on Today, and merging production teams for Sunday with Laura Kuenssberg and Newsnight.
Prediction markets are seeing increased institutional interest for corporate hedging, offering direct bets on events like tariffs or regulatory changes. However, challenges with liquidity depth and dispute resolution mechanisms, particularly concerning token-weighted voting, pose significant risks for large-scale adoption.
Russian military sources claim the Ukrainian 79th Brigade in the Zaporozhye region is "practically exhausted" with diminished capabilities. Ukraine is reportedly deploying new recruits to compensate for losses, and the brigade's command had previously requested withdrawal due to heavy casualties.
Nvidia CEO Jensen Huang stated society must change with the advent of AI, advocating for widespread adoption. He highlighted AI's potential for economic growth and scientific breakthroughs, while also addressing concerns about job losses and existential threats.
EV maker Rivian announced Tuesday it is laying off hundreds of employees, less than 2% of its workforce, to help narrow losses. The move comes a week after the launch of its new R2 SUV, which the company hopes will lead to profitability.
Russia's Defense Ministry reported that Russian troops liberated Novy Donbass in the Donetsk region and inflicted significant losses on the Ukrainian army, claiming over 1,330 troops lost in the past 24 hours across all frontline areas.
BBC News is preparing for significant job cuts, potentially hundreds, as part of a £500m cost-saving initiative. The cuts, expected soon, may involve eliminating entire services or programs, with the news operation facing larger reductions than other departments.
Ahmedabad Cyber Crime Police arrested a 19-year-old student from Bihar for attempting to divert NEET-UG 2026 fee refunds to his accounts. The accused targeted 350 accounts, exploiting weak passwords in 150, but NTA's security systems helped foil the large-scale fraud.
Oil prices dropped sharply Sunday after President Trump announced a "complete" deal with Iran and the "immediate toll-free reopening of the Strait of Hormuz." Brent crude fell 3.9% to $84/barrel, US crude 4.8% to $81. The waterway had been effectively closed since February.
New evidence reveals Queensland police failures prior to toddler Mason Lee's death 10 years ago. Donald Trump calls for restraint after Israel targets Beirut, with a US-Iran ceasefire deal shaky. Farmers battle a severe mouse plague across Australia's grain belt, and the Socceroos start their World Cup campaign with a win.
Saracens will play Ealing Trailfinders in the Premiership Women's Rugby final on June 28, after Trailfinders sensationally knocked out three-time defending champions Gloucester-Hartpury. Saracens narrowly beat Exeter 40-38 in their semi-final.
Ealing Trailfinders have sensationally knocked out three-time defending champions Gloucester-Hartpury in the Premiership Women's Rugby semi-finals, setting up a final clash with Saracens on June 28. Saracens narrowly defeated Exeter 40-38 in their semi-final.
Ukraine and Moldova officially start the first phase of EU membership negotiations in Luxembourg. This symbolic step follows their candidate status granted in 2022 and overcomes previous blockages, marking a significant moment amid ongoing conflict in Ukraine.
Ukraine and Moldova officially begin the first phase of EU membership negotiations in Luxembourg, a symbolic step following their 2022 candidate status. This move, initially blocked by Hungary, signifies progress on rule of law and democracy reforms.
