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Broadcom's $1.2 Billion Guidance Miss Just Erased $1.3 Trillion From the Chip Market

New Delhi, June 8 -- The number that detonated the semiconductor market last week was not a loss. It was not a warning. It was a forecast of 200 percent year-over-year growth in AI chip revenue - and ... Read More


Brent Surges Past $97 as Israel Strikes Lebanon and Iran, Rendering OPEC+ Output Hike Irrelevant

India, June 8 -- The ceasefire lasted five days. Then came the strikes on Beirut, then the missiles into Iran, then the news that Israeli aircraft had hit the Mahshahr petrochemical complex for the fi... Read More


Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

NEW YORK, June 7 -- The number that mattered most to cryptocurrency traders last week was not a price target or an analyst forecast. It was $60,000 - the floor that had held through Bitcoin's most tur... Read More


Gold Down 18%, Palladium Loses Nearly a Third as Iran War Hits 100-Day Mark

The losses, June 7 -- The gold bar that fetched $5,263 an ounce on the last day of February is worth roughly $4,329 today. In the hundred days since the United States and Israel launched coordinated s... Read More


SpaceX's IPO Is Built on Tesla's Retail Army - and the S&P 500 Won't Save It If They Blink

NEW YORK, June 7 -- The question hanging over SpaceX's June 12 market debut is not whether Elon Musk can fill an order book. He can. It is whether the same retail investors who turned Tesla into the m... Read More


JPMorgan Goes Neutral on Turkey as Election Risk and Dollarization Fears Rattle Wall Street

ISTANBUL, June 7 -- For the better part of two years, JPMorgan Chase & Co. had been among the more constructive voices on Turkish assets. That position, built on the back of Ankara's post-2023 policy ... Read More


Gold Slides Below 200-Day Average as Blowout Jobs Report Kills Fed Rate-Cut Hopes

New Delhi, June 6 -- The number that mattered most to gold traders on Friday was not the price of the metal. It was 172,000 - the number of jobs the American economy added in May, nearly double what W... Read More


Italy's Ports Split as Hormuz Closure Rewrites Mediterranean Trade Routes

GENOVA, June 6 -- The numbers arriving at Fedespedi's annual assembly in Genoa on Thursday told a story that no single headline figure could contain. Italian ports handled 4.6 percent fewer container ... Read More


Greek Lottery Giant Bally's Intralot Agrees £243m Takeover of William Hill Owner Evoke

New Delhi, June 6 -- The name above the betting shop door has not changed, but by early 2027, the ownership structure behind William Hill will look nothing like it did at the start of this decade. Bal... Read More


Sechin at SPIEF: Russia Guarantees Oil Supplies to China and India Amid Global Energy Disruption

ST. PETERSBURG, June 6 -- The argument Igor Sechin makes every June at the St. Petersburg International Economic Forum has grown more pointed with each passing year of sanctions, but on Saturday it ar... Read More