Binance on the Brink of EU Market Exit Ahead of July 1 MiCA Deadline
Reuters: Greece set to reject Binance's MiCA license ahead of the July 1 deadline, risking a full EU exit. Full details and data inside.
Federal Reserve Seen Holding Rates Steady at Kevin Warsh's First Meeting
The Federal Reserve is expected to hold rates steady in Kevin Warsh's first meeting as chair, while markets await guidance on inflation
UK Inflation Holds at 2.8% as Cooling Price Pressures Offset Transport Cost Surge
UK inflation held at 2.8% in May as easing housing and food prices offset a sharp rise in transport costs, while producer inflation remained elevated.
Brent Falls Below $78 as Markets Price in Return of Iranian Oil and Strait of Hormuz Reopening
Brent crude fell below $78 as investors priced in the return of Iranian oil exports and the reopening of the Strait of Hormuz, easing supply concerns.
AMD and Rackspace Launch 30 MW AI Infrastructure Platform for Sovereign and Regulated Industries
AMD and Rackspace will deploy 30 MW of AI infrastructure designed for sovereign and regulated industries
SpaceX Strikes $60 Billion Cursor Deal Days After IPO in Massive AI Bet
SpaceX agreed to acquire AI coding startup Cursor for $60 billion, accelerating its push into AI software and competition with OpenAI and Anthropic.
Microsoft Unveils Faster AI-Powered Surface PCs with Major Graphics Upgrades
Microsoft unveiled new Surface Pro and Surface Laptop devices featuring Qualcomm's X2 AI chips, faster graphics, and enhanced on-device AI
GCC Markets Rally as UAE Stocks Lead Regional Gains While Saudi Arabia Extends Recovery
Gulf markets ended mostly higher, led by Abu Dhabi and Dubai, as easing geopolitical risks and lower inflation expectations improved investors
Goldman, Morgan Stanley and Citi Cut Oil Price Forecasts After Hormuz Reopening Deal
Goldman Sachs, Morgan Stanley and Citi lowered oil price forecasts as the US-Iran agreement and reopening of the Strait of Hormuz ease supply concerns
German Investor Sentiment Turns Positive as Lower Energy Risks Lift Confidence
Germany's ZEW investor sentiment index returned to positive territory in June as easing energy and inflation concerns improved expectations for Europe
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