June 23, 2025
Apple sued by shareholders for allegedly overstating AI progress
Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.
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June 23, 2025
BlackRock ETF scoops up 3.25% of Bitcoin supply
BlackRock’s spot Bitcoin exchange-traded fund is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing.
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June 23, 2025
Fed’s Daly says a rate cut in the fall could be appropriate
The fundamentals of the U.S. economy are moving to where an interest rate cut may be necessary, San Francisco Federal Reserve Bank President Mary Daly said, though she signaled a July rate cut would probably be too early.
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June 20, 2025
Oil prices up nearly 3% as Israel-Iran conflict escalates
Oil prices jumped as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge. Trading volumes were light due to a U.S. federal holiday.
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June 20, 2025
Platinum retreats from 10-year high
Platinum slipped after scaling its highest level since September 2014. Gold prices were little changed as heightened geopolitical tensions offset pressure from the Federal Reserve’s hawkish stance.
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June 20, 2025
‘Stablecoin summer’ as Coinbase stocks surge
Coinbase and Circle shares surged after US lawmakers signaled support for clearer stablecoin regulation by pushing through the GENIUS Act for House approval. The rally followed Tuesday’s 68-30 Senate vote in favor of the GENIUS Act.
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