Iran Fired on Its Neighbors. Iran fired seven ballistic missiles at Kuwait and Bahrain Saturday. Six were intercepted, one fell short. The numbers matter less than the target selection. Attacking US forces in international waters is a bilateral confrontation with established protocols. Attacking sovereign Gulf nations activates

Iran launched seven ballistic missiles at Kuwait and Bahrain Saturday, expanding the conflict from a bilateral confrontation with the United States to an attack on sovereign Gulf nations, while US markets remain closed after Friday's worst tech selloff in fourteen months erased more than $1 trillion

The US economy added 172,000 jobs in May, double the forecast, slamming the door on rate cuts and sending the Nasdaq down 4.18% in its worst session since April 2025 as the semiconductor selloff went global. Gold crashed to its lowest since March. Bitcoin broke below $60,000 for the first time since

172,000 Jobs, $1 Trillion Gone. The US economy added 172,000 jobs in May against a consensus of 85,000, with upward revisions adding 93,000 to the prior two months. Markets now price a rate hike by year-end for the first time since January. The Nasdaq fell 4.18% in its worst session since April 2025, and the selloff went global ov

The Dow surged 875 points to a record close while the Nasdaq fell, its largest divergence in months, as healthcare and financials absorbed the capital fleeing AI semiconductors after Broadcom erased $280 billion in a single session. Oil dropped 3% on an Israel-Lebanon ceasefire headline that Hezboll

$10.8 Billion Wasn't Enough. Broadcom reported record AI semiconductor revenue of $10.8 billion, guided next quarter to $16 billion at 200% year-over-year growth, and fell 3%. CrowdStrike posted record ARR, record cash flow, announced a 4-for-1 split, raised full-year guidance, and fell 9%. Five consecutive AI infrastructure be

Broadcom reported $10.8 billion in AI semiconductor revenue and guided next quarter to $16 billion, but the stock fell 3% alongside CrowdStrike's 9% decline despite a beat-and-raise. Iran struck Kuwait's civilian airport, pushing Brent toward $98 and ending the equity market's 10-week winning streak

Nvidia CEO Jensen Huang called Marvell Technology "the next trillion-dollar company," sending the stock up 33% in its largest single-day gain ever. Bitcoin crashed below $70,000 for the first time since April on continued ETF outflows and Strategy's first sale in four years. Trump said an Iran MOU t

$100 Oil and a Dead Phone Line. Iran suspended all negotiations with the United States and resolved to close both the Strait of Hormuz and Bab al-Mandab. Brent crossed $100 intraday, erasing three weeks of ceasefire discount in a single session. The trigger was Israel's seizure of Beaufort Castle in southern Lebanon, its deepest i

Iran suspended all negotiations with the US and vowed to completely block the Strait of Hormuz, sending Brent crude surging 7% to $96 on the sharpest single-session oil spike since March. ISM Manufacturing hit 54%, its highest in four years, while the S&P and Nasdaq closed at fresh all-time highs. A