News

The U.S. House of Representatives has obtained enough votes to pass a forced submission motion to promote the consideration of H.R. 2913 bill (involving the authorization of support for Ukraine and other matters). The vote is still in progress.

According to Axios: The U.S. House of Representatives passed a resolution limiting Iran's war powers by a vote of 215 to 208, with 4 Republican members voting together with Democrats in support of the measure.

The U.S. House of Representatives passed a resolution limiting President Trump's war powers against Iran.

Australian Prime Minister Albanese: Any new tariffs proposed by the United States are unnecessary.

Fed Logan: The current monetary policy is neutral or even loose. A mildly tightening policy stance needs to be maintained.

Fed's Logan: Demand for loans is strong.

Fed Logan: There are upward risks to inflation, the labor market is stable, economic growth is solid, and artificial intelligence will bring additional boost.

Fed Logan: Investment activity in border areas has slowed as the U.S.-Mexico-Canada Agreement (USMCA) is about to enter the negotiation stage.

Fed Logan: The demand brought about by artificial intelligence construction has affected U.S. trade flows.

SpaceX submitted IPO documents to the U.S. Securities and Exchange Commission, planning to launch an IPO at an expected price of $135 per share, issuing 555.56 million Class A shares, and raising approximately $75 billion.

Fed Logan: What we are seeing now is the worst energy shock in history.

Trump: After the Strait of Hormuz is reopened, the United States will take the southern route.

Sources said Quantinuum, a unit of Honeywell, has expanded its U.S. IPO, priced at $60 per share, and plans to raise $1.68 billion.

Fed Logan: Central bank independence is crucial to controlling inflation.

US President Trump: Not a single ship has successfully crossed the blockade.

Broadcom (AVGO.O) U.S. stocks fell more than 4% after the bell.

The U.S. Senate has voted to debate a $70 billion bill to fund President Donald Trump's immigration crackdown, with a final vote expected later this week.

U.S. President Trump signs an executive order to strengthen customs enforcement.

The Dow Jones Index closed down 619.92 points, or 1.21%, at 50687.87 points on June 3 (Wednesday);The S&P 500 Index closed down 55.9 points on June 3 (Wednesday) 2 points, or 0.73%, to 7553.86 points;The Nasdaq Composite Index closed down 239.93 points, or 0.89%, to 26853.98 points on June 3 (Wednesday).

Fed's Logan: Economic activity remains strong and corporate earnings have "strong momentum."