Gold fell 3.3% to $4,340 on June 5, hitting its lowest point of 2026, after May nonfarm payrolls added 172,000 jobs — more than double forecasts — forcing investors to reprice Federal Reserve rate expectations higher.
Category: Markets
Posted inMarkets
Quantinuum raises $1.68 billion in Nasdaq debut as quantum computing goes public
Quantinuum raised $1.68 billion in its Nasdaq debut on June 4, pricing above its range and signalling serious capital market interest in full-stack quantum computing.
Posted inMarkets
Bitcoin ETFs shed record $2.4 billion in May as geopolitical risk-off bites
BlackRock’s iShares Bitcoin Trust lost $2.04 billion across a nine-day late-May streak as US airstrikes near the Strait of Hormuz and an equity rotation into AI names drained crypto allocations.
Posted inMarkets
Broadcom shares fall 15% as Hock Tan holds AI revenue guidance flat
Broadcom shares dropped roughly 15% after CEO Hock Tan declined to raise the full-year AI chip forecast despite Q2 AI revenue soaring 143% to $10.8 billion, dragging chip stocks broadly lower.
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 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 inMarkets
Bitcoin drops below $77,000, triggering $657 million in leveraged liquidations
Bitcoin fell below $77,000 on May 19, forcing $657 million in liquidations as hot inflation data and Iran tensions converged against an overleveraged market.
Posted inMarkets
US 10-year yield hits one-year high as Iran deal hopes whipsaw oil markets
The US 10-year yield hit a one-year high on May 18 as Trump’s Iran strike delay briefly pushed Brent crude below $107 before the conflict premium reasserted.
Posted inMarkets
Circle posts record Q1 revenue as USDC bet hinges on CLARITY Act
Circle Internet Group reported $694 million in Q1 2026 revenue, up 20% year-on-year, but the stablecoin issuer’s path back to its $300 high depends on U.S. stablecoin legislation clearing Congress.
Posted inMarkets
Oil spikes to $109 and Wall Street falls as Trump rejects Iran peace deal
Brent crude surged to $109 a barrel on Friday and the S&P 500 fell 0.88 percent as Trump rejected a proposed framework to ease tensions with Iran.