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Iran Moved $3.84B Through CoinEx to Bypass US Sanctions: WSJ
According to a Wall Street Journal report, Iran allegedly routed approximately $3.84 billion through the crypto exchange CoinEx to facilitate international transactions and circumvent U.S. sanctions.
Major U.S. Banks Pass Fed Stress Tests; Critics Question Transparency
Major U.S. lenders including JPMorgan Chase and Bank of America passed the Federal Reserve's annual stress tests, clearing the way for potential dividend hikes and share buybacks. The results were widely expected after the Fed began disclosing scenarios in advance, drawing both praise and criticism.
Venezuela Activates Emergency Declaration After Earthquake
Venezuela's government has activated an emergency declaration following a major earthquake, Vice President Delcy Rodríguez announced. The measure aims to accelerate rescue operations and mobilize national resources.
U.S. Crude Futures Drop $1.10 on Rising Middle East Supply
U.S. crude oil futures fell $1.10 to $69.24 per barrel as increased supply from Middle Eastern producers added downward pressure on prices, reflecting easing supply concerns and cautious demand.
JPMorgan Sees US Stocks Approaching 'Blue Sky' Scenario
JPMorgan Chase believes US equities are nearing a 'blue sky' outcome, citing stronger corporate earnings and a potential diplomatic agreement on Iran.
IRGC Says Safe Transit Through Strait of Hormuz Only via Iran-Designated Routes
The Iranian Revolutionary Guards warned that safe passage through the strategic strait is limited to routes assigned by Tehran, raising geopolitical risks.
China Continues to Reduce U.S. Treasury Holdings
China is steadily trimming its holdings of U.S. Treasuries, diversifying reserves into gold and other currencies while reducing exposure to dollar-denominated debt.
Fed Balance Sheet Rises $11B to $6.74 Trillion, Highest Since March 2025
The Federal Reserve's balance sheet increased by $11 billion in the week ending June 17, reaching $6.74 trillion, the highest level since March 2025. Treasury holdings surged $251.8 billion year-to-date, while MBS holdings declined.
WTI Holds Gains Near $70.00 After Three-Day Losing Streak
West Texas Intermediate crude oil recovered to around $69.90 per barrel during Asian hours on Thursday, snapping a three-day losing streak.
Japan Portfolio Flows: Foreign Investors Sell Bonds, Buy Stocks
Japan's weekly portfolio flow data for the week of June 20 shows foreigners net sold ¥1,057.3B in Japanese bonds, a larger outflow than the prior week, while they net bought ¥479.4B in Japanese stocks, reversing prior selling. Japanese investors increased overseas stock purchases and reduced bond buying.
US Wealth Divide Widens: Top 20% Account for Record 58% of Personal Spending
The top 20% of US earners now make up 58% of all personal spending, the highest on record, while the bottom 80% account for just 42%, the lowest. The gap has grown sharply since the pandemic.
Foreign Holdings of US Stocks Hit Record $23.2 Trillion
Foreign investors piled into US equities in April, with holdings surging $2 trillion to a record $23.2 trillion, now owning 30.5% of the $76 trillion US stock market.
Trump Calls Hormuz Transit Fees 'Unacceptable', Repeats Call for Lower Rates
Trump stated that imposing fees on transit through the Strait of Hormuz is 'unacceptable,' reiterated his demand for lower interest rates, and noted progress in talks with Mark Rutte.
Trump Dismisses Senate Iran War Powers Vote as ‘Meaningless’, Says Talks ‘Doing Great’
President Trump called the Senate's Iran war powers vote 'meaningless' and expressed confidence in U.S.-Iran negotiations, saying they are 'doing great.'
Trump Requests $500M for Penn Station Renovation, $1B for GM Retiree Benefits
President Trump has asked Congress for $500 million to renovate New York's Penn Station and $1 billion to enhance retirement funds for workers who lost benefits during GM's insolvency.
Wall Street Stabilizes as Oil Falls, Micron Surges on AI Demand
U.S. stocks ended mixed but mostly flat, with the S&P 500 little changed near 7,350. Micron jumped in after-hours trading on a strong sales forecast, while crude oil tumbled below $74 on progress in U.S.-Iran peace talks.
Fed: All 32 Large US Banks Pass Stress Test, Absorb Over $700B in Hypothetical Losses
The Federal Reserve announced that all 32 large U.S. banks passed its latest stress test, showing they can withstand a severe recession with over $700 billion in hypothetical losses while remaining above minimum capital requirements. The Fed also reaffirmed plans to keep capital levels broadly stable as it revamps its stress-testing framework.
Intel-Backed AI Chip Startup Sambanova Seeks Up to $1B in Funding, Valuation Could Reach $10B
Sambanova, an AI chip startup backed by Intel, is reportedly looking to raise between $800 million and $1 billion in a funding round that could value the company at around $10 billion, five times its previous valuation. General Atlantic is in talks to lead the round, which may close next week.
US Treasury Yields Slide on Strait of Hormuz Reopening, Easing Inflation Fears
US Treasury yields fell across the curve after the Strait of Hormuz reopened, reducing inflationary pressures and driving oil prices lower.
Anthropic Accuses Alibaba of Unauthorized Access to AI Models
Anthropic has accused Alibaba of unauthorized access to its AI models, detailing allegations in letters to US senators and the White House amid rising US-China tensions over AI.
WTI Crude Falls to Lowest Since March as Hormuz Shipping Normalizes
West Texas Intermediate crude oil slid more than 3% to its lowest level since March as stranded cargoes in the Strait of Hormuz gradually return to the market after a US-led interim peace agreement.
Gold and WTI Crude Slide Through Key Support Levels
Commodities are under pressure as gold and WTI oil break below important technical levels, according to Chris Beauchamp, Chief Market Analyst at IG.
IDF and Lebanese Army Clash Over Withdrawal Scope, Axios Reports
Representatives of the Israeli Defense Forces and the Lebanese Army presented contradictory and rigid positions regarding the extent and starting areas of the Israeli withdrawal, according to an Axios reporter.
Silver Hits New Yearly Low on Fed Rate Hike Fears, PCE Caution
Silver (XAG/USD) extended its correction to a fresh yearly low near $58.75, dropping 4.62% on the day as expectations of further Federal Reserve rate hikes and caution ahead of PCE data weighed on the precious metal.