News

Market news: The U.S. Supreme Court sided with the Federal Communications Commission (FCC) and ruled in favor of the FCC in a legal dispute with wireless communications operators over fines.

According to the Russian media Zvezda, citing Russian Presidential Special Representative Dmitriev, Russia and the United States will sign an agreement tomorrow on the construction of a cross-sea tunnel across the Bering Strait.

U.S. Treasury Secretary Bessent mentioned cyber risks similar to the Mythos model when being questioned by U.S. Democratic Senator Warren.

The U.S. global supply chain stress index in May was 1.77, compared with the previous value of 1.82.

The Dow hit a new record high, rising 1.5% intraday.

Pinterest shares rose 4.2% as the company signed a $4 billion cloud services agreement with Amazon.

Freddie Mac shares rose 8%.

Market news: U.S. Democratic Senator Warren urged U.S. Treasury Secretary Bessent to withdraw his agenda of financial deregulation.

Fannie Mae shares rose to an intraday high of 5.5%.

The Philadelphia Semiconductor Index fell by more than 5%, Micron Technology (MU.O) fell by more than 8%, and its stock price fell below the $1,000 mark; Broadcom (AVGO.O) fell by nearly 16%, Arm (ARM.O) fell by more than 8%, AMD (AMD.O) fell by more than 7%, Qualcomm (QCOM.O) fell by more than 4%, and Intel (INTC.O) fell by more than 3%.

The US Global Supply Chain Stress Index for May will be released in ten minutes.

Shares of U.S. asset managers rebounded after falling on Wednesday, with Blackstone Group Inc. up 3.6%, KKR Group Inc. up 3.5% and Apollo Global Management Inc. up 2%. Blue Owl rose 3.2%, Ares Management rose 4% and Carlyle Group rose 2.2%.

Fitch Ratings: The oil price crisis triggered by the US-Iraq war has impacted global growth prospects, lowering the global growth forecast for 2026 by 0.2 percentage points to 2.4%.

U.S. optical communications stocks fell in early trading. Ciena fell nearly 16% after the results, POET fell nearly 7%, Lumentum fell nearly 6%, Marvell Technology and Nokia fell more than 5%, and Corning fell more than 4%.

EU High Representative for Foreign Affairs and Security Policy Karas: The best way to reduce the threat posed by Hezbollah is to strengthen the Lebanese state.

EU High Representative for Foreign Affairs and Security Policy Karas: The EU today agreed to provide an additional 100 million euros in aid to the Lebanese Armed Forces.

The Dow Jones Index opened up 523.73 points, or 1.03%, to 51210.80 points on June 4 (Thursday);The S&P 500 Index opened down 24.6 points on June 4 (Thursday) 6 points, a decrease of 0.33%, to 7529.02 points;The Nasdaq Composite Index opened down 279.95 points, or 1.04%, to 26574.02 points on June 4 (Thursday).

Bank of America (BAC.N): Will launch cross-border real-time payments to expand global payment options. A cross-border real-time payment solution will be launched in the next quarter.

U.S. Trade Representative Greer: (Regarding the EU-U.S. Agreement and Section 301 Tariffs) An agreement is an agreement.

U.S. Trade Representative Greer: U.S. consumers and global trade have shown resilience.