United States · Business
Same event, multiple sources, transparently cited.
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Fed Chair Kevin Warsh Confronts Inflation Pressures Amid AI Investment Surge
Kevin Warsh began as Federal Reserve chair facing persistent inflation linked to energy costs alongside strong AI-driven economic growth.
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Tech CEO Jamshid Ghomi charged with illegally exporting US equipment to Iran
Jamshid Ghomi was arrested and charged with conspiracy for illegally supplying US-origin equipment to Iran’s military and nuclear sectors.
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Quantinuum prices IPO above range, raises $1.68 billion, debuts strongly on Nasdaq
Quantum computing firm Quantinuum raised $1.68 billion by pricing its IPO at $60 per share and opened sharply higher on Nasdaq June 4, 2026.
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US Tech Industry Announces Over 123,000 Layoffs in 2026 Citing AI as Main Cause
US technology firms have cut about 123,000 jobs in 2026, with AI cited as the primary reason by many companies.
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Broadcom’s revenue miss triggers selloff in US and Asian tech and chip stocks
Broadcom’s weak fiscal Q2 revenue and forecast sparked a sharp selloff in US and Asian chip and tech shares.
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JPMorgan CEO Jamie Dimon pitches SpaceX $75B IPO to 2,500 wealthy clients
JPMorgan CEO Jamie Dimon led a live event on June 4 pitching SpaceX's $75 billion IPO to over 2,500 high-net-worth clients nationwide.
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US announces new tariffs on 60 economies, respects EU and Japan tariff caps
The US will impose new tariffs of at least 10% on imports from 60 economies while maintaining existing 15% tariff caps with the EU and Japan.
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Broadcom shares drop 13-15% after missing AI chip revenue forecast
Broadcom reported fiscal Q2 revenue slightly below estimates and forecast lower AI chip sales for Q3, leading to a sharp share price decline.
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USDA confirms five New World screwworm cases in Texas and New Mexico, triggers control efforts
USDA confirmed five cases of flesh-eating New World screwworm in Texas and New Mexico, prompting quarantines and sterile fly releases.
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AI boom lifts global millionaire wealth to $98.3 trillion, 25.3 million millionaires in 2025
Global high net worth wealth hit a record $98.3 trillion in 2025 as millionaires grew by nearly 2 million, driven by AI-fueled stock gains.
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US stocks volatile amid Middle East tensions and tech sector swings in early June 2026
US stock indexes saw sharp swings from June 1–5, driven by Middle East tensions, AI chip news, and strong May jobs data.
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US government appeals judge’s order for Trump-era tariff refunds
The Trump administration appealed a court order for $166 billion in global tariff refunds after a Supreme Court ruling earlier this year.
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GoPro issues going-concern warning as revenue falls and costs soar
GoPro warned of substantial doubt over its ability to continue amid rising memory costs and declining sales.
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Uber releases 10th annual Lost and Found Index including robotaxi lost items
Uber published its 10th annual Lost and Found Index, listing millions of items left in rides, including for the first time those lost in autonomous robotaxis.
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Bitcoin Falls Below $60,000 for First Time Since October 2024 Amid Market Selloff
Bitcoin dropped below $60,000 on June 6, 2026, its lowest since October 2024, after a sharp market selloff and Strategy Inc’s token sale.
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Renewed US-Iran clashes in June 2026 drive oil prices above $98, disrupt markets
Missile and drone attacks by Iran targeting Gulf allies in early June 2026 reignited US-Iran tensions, pushing oil prices higher and rattling global markets.
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Victoria’s Secret shares jump nearly 50% after strong Q1 earnings and raised guidance
Victoria’s Secret shares soared up to 50% June 2 after it reported robust Q1 revenues and raised full-year sales and profit forecasts.
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Strategy Inc sells 32 bitcoins amid crypto market turmoil, raising $2.5 million
Strategy Inc sold 32 bitcoins in late May, its first sale since 2022, during a sharp bitcoin price decline and market selloff.
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US proposes tariffs of 10%-12.5% on imports from 60 economies over forced labor concerns
The U.S. Trade Representative proposes new tariffs on imports from 60 economies for failing to enforce forced labor import bans.
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US Treasury sanctions Iran's Nobitex exchange and executives over IRGC ties
The US Treasury sanctioned Iran’s largest crypto exchange Nobitex and key executives on June 2 for aiding IRGC-linked sanctions evasion.
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US proposes 10-12.5% tariffs on imports from 60 countries over forced labour concerns
The US Trade Representative proposed tariffs on imports from 60 countries citing failures to bar goods made with forced labour.
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Canada and Mexico request 16-year renewal of USMCA trade pact with US
Canada and Mexico jointly requested a 16-year renewal of the USMCA trade agreement with the United States, aiming to extend current terms and resolve tariff disputes.
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SpaceX raises $75 billion in largest IPO, restricts investors from China and Hong Kong
SpaceX raised $75 billion in a record IPO, pricing 555.6 million shares at $135, and barred investors from China and Hong Kong due to U.S. regulations.
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Remote work drives majority of rise in youth unemployment among college graduates, New York Fed finds
A New York Fed study shows remote work explains 64% of the increased unemployment rate for young college graduates since before the pandemic.