Market news
Crypto, stocks, forex and macro, aggregated for traders.
US Q1 GDP Growth Revised Up to 2.1% from 0.5%
The U.S. economy expanded at a 2.1% annualized rate in Q1 2023, according to the final estimate from the Bureau of Economic Analysis, a sharp increase from the previous quarter's 0.5% growth.
Apple Raises Prices on MacBook Pro, iPad Air, and iPad Pro
Apple is increasing prices on its MacBook Pro, iPad Air, and iPad Pro models in the US, with the 1TB MacBook Pro rising from $1,699 to $1,999, among other changes.
Apple Raises iPad and Mac Prices Citing AI-Driven Memory Cost Surge
Apple announced price increases across iPads and Macs, attributing the move to surging memory and storage costs driven by unprecedented demand from AI data centers.
US Durable Goods Orders Decline 4.5% in May as Expected
The US Census Bureau reported that Durable Goods Orders fell 4.5% ($15.6 billion) to $332.1 billion in May, following an upwardly revised 8.5% gain in April.
Iran Parliament Speaker Dismisses Trump's Claim on Frozen Assets
Iran's Parliament Speaker responded to President Trump's assertion that unfrozen Iranian assets would be used to buy US agricultural products, stating that the only harvest is 'decades of mistrust' planted by the US.
Quantum Computing Backs Case for US Industrial Policy, Economists Say
The Economist columnists argue quantum computing is a unique area justifying early US government intervention, as commercial products and dominant architectures are still lacking.
Micron's $50B Guidance Crushes Bears, Ignites AI Rally
Micron Technology (MU) reported a $50 billion guidance that reversed the previous day's semiconductor selloff, sparking an AI-driven rally and signaling a rotation into tech stocks.
TD Securities: US Equities 'Lost Decades' Saw Flat to Negative Real Returns; Small Caps, Value, Energy Outperformed
TD Securities analyst Izidor Flajsman examines historical US equity 'lost decades' and finds headline indices delivered flat to negative real returns, while small-cap, value, energy, and non-durables sectors outperformed.
Rubio Reiterates Criticism of Iran's Toll Plans Near Strait of Hormuz
US Secretary of State Marco Rubio reiterated criticism of Iran's proposed toll system near the Strait of Hormuz, a key chokepoint for nearly 20% of global energy supplies, after meeting with Gulf leaders.
NZD/USD Slides for Seventh Day, Approaches 0.5640
The New Zealand Dollar extended its losing streak for a seventh consecutive session, trading near 0.5640 and close to its lowest level since November 2025, pressured by a strong US Dollar and risk aversion ahead of US PCE data.
EUR/USD Approaches Yearly Low at 1.1330 Ahead of US PCE Data
The euro drops for a fourth straight day against the dollar, approaching the yearly low of 1.1330, as expectations of further Fed rate hikes weigh on the pair ahead of US PCE inflation figures.
MUFG: USD Near Year-to-Date Highs, Fed Trail Unclear
MUFG analysts note the dollar is trading close to 2025 highs as markets assess whether the Fed will follow hawkish talk with actual rate hikes.
RBC: US Consumer Resilience Tested by Persistent Inflation
RBC strategists note that while the US consumer has remained resilient in 2026, persistent inflation and the earlier energy price shock have eroded households' ability to absorb further price increases.
Micron Lifts US Stock Futures as Oil Declines; Nasdaq Set to Recover
US stock futures rise on Micron's boost, while oil prices continue to fall. The Nasdaq, down over 5% in June, could surge more than 2% if futures hold.
Dollar Set for Best Month Since July on Fed, Weak Eurozone Data
The US dollar is on track for its biggest monthly gain since July last year, driven by the Federal Reserve's hawkish shift, weak European PMI data, and dovish comments from ECB President Christine Lagarde.
Oman Rules Out Tolls on Strait of Hormuz
Oman's Foreign Ministry stated on Thursday that future arrangements for the Strait of Hormuz will not include transit tolls, allaying fears over the critical energy corridor.
Eli Lilly Announces Medicare GLP-1 Bridge Program for Obesity Meds
Eli Lilly will offer its obesity drugs Zepbound and Mounjaro to eligible Medicare Part D patients starting July 1, 2026, at $50/month. An estimated 20 million beneficiaries may qualify for coverage through the end of 2027.
Oman: No Transit Tolls for Strait of Hormuz
Oman's foreign minister has ruled out any transit tolls for ships passing through the Strait of Hormuz, aiming to assure global energy markets that navigation will remain free and unhindered.
Dollar Rally Pauses as Chart Signals Limited Upside
The dollar index has stalled after climbing from the high 96s to above 101 this year, with the current quiet suggesting the rally may be nearly out of room.
AUD Languishes Near 0.6900 as US Inflation Awaited
The Australian Dollar remains near two-month lows against the US Dollar, consolidating after an eight-day losing streak. Traders now focus on upcoming US inflation data.
Brent Oil Falls to Pre-War Levels on Hormuz Strait Reopening
Brent oil prices dropped to levels last seen before the conflict on Thursday, as the reopening of the Strait of Hormuz provided significant relief and continued to push prices lower.
South Korea Fines Bithumb $136K for Unauthorized Data Transfer
South Korea's Personal Information Protection Commission fined Bithumb 210 million won (~$136,000) for transferring user order-book data to foreign third parties without consent.
McCormick Q2 2026 Earnings Beat Estimates, Reaffirms Outlook
McCormick reported Q2 2026 adjusted EPS of $0.80, above the $0.69 estimate, and net sales of $1.94B, slightly above the $1.91B estimate. The company reaffirmed its full-year adjusted EPS guidance of $3.05–$3.13.
Nvidia Printing New Low, Potential Leading Diagonal Pattern
NVIDIA is printing a new low for the month, with a possible five-wave leading diagonal pattern from the highs, indicating continued weakness.