Peru holds a presidential runoff on 7 June between conservative Keiko Fujimori and leftist Roberto Sánchez Palomino, with the outcome set to determine the country’s economic model after years of chronic political instability.
Posted inTech
Microsoft launches seven MAI models at Build 2026, targeting OpenAI dependence and developer costs
Microsoft unveiled seven proprietary MAI models at its Build 2026 conference, including a reasoning model that matched Claude Opus 4.6 on coding benchmarks and reportedly outperformed GPT-5.5 at one-tenth the cost.
Posted inEconomy
Warsh’s first FOMC meeting, a four-year manufacturing high and Friday’s jobs report test Fed’s resolve
Kevin Warsh chairs his inaugural FOMC meeting on 16–17 June as a hot ISM manufacturing print, a bifurcated consumer and Friday’s May payrolls data land against an oil-driven inflation backdrop that has flipped rate-cut bets into hike odds.
Posted inGeopolitics
Iran suspends mediator contacts and strikes Kuwait as one-page Hormuz deal stalls
Iran has halted communications with Washington through intermediaries and struck Kuwait’s airport following fresh US strikes on Qeshm Island, as a preliminary 60-day ceasefire framework collapses over the Hormuz sequencing dispute.
Posted inMarkets
Wall Street’s nine-day winning streak ends as Iran strikes push oil above $96 and Treasury yields higher
US equities snapped a nine-day winning run on 3 June 2026 after fresh American strikes on Iran lifted WTI crude near $96 a barrel and pushed the 10-year Treasury yield to 4.46%, reviving inflation fears that overshadowed the AI-driven rally.
Posted inTech
Microsoft and OpenAI end exclusivity in a partnership reset that opens ChatGPT to all clouds
An amended agreement announced April 27 makes Microsoft’s AI license non-exclusive through 2032, lets OpenAI sell through any cloud provider, and ends the revenue share Microsoft paid — a structural shift driven by OpenAI’s $50 billion Amazon deal.
Posted inMarkets
Fervo Energy raises $1.89 billion in the biggest clean energy IPO on record
The Houston geothermal startup priced at $27, opened 35% higher at $36.54, and debuted with a market cap above $10 billion, powered by demand for round-the-clock carbon-free power from AI data centers.
Posted inEconomy
Bank of Japan holds at 0.75% but a three-way dissent signals the next hike is close
The Bank of Japan’s April 28 decision passed 6-3, with three board members calling for an immediate rise to 1.0% — the sharpest internal split in years, set against a slashed growth forecast and rising inflation tied to Iran war energy costs.
Posted inGeopolitics
Iran ceasefire on massive life support as Hormuz-first demand stalls the one-page deal
Six weeks after a Pakistan-brokered truce halted US-Iran hostilities, both sides remain deadlocked over sequencing in a 14-point memorandum that would reopen the Strait of Hormuz and defer nuclear talks.
Posted inWorld
Bolivia’s capital under siege as Paz faces worst political crisis in 40 years
Bolivia’s President Rodrigo Paz faces road blockades paralyzing La Paz, draining over $50 million from the economy daily and blocking emergency vehicles from hospitals, six months after his historic election.