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The Iranian Revolutionary Guard said it had fired on four oil tankers that attempted to cross the Strait of Hormuz without its permission.
U.S. Central Command: Intercepted missiles and drones launched by Iran.
June 6th - On June 4th, the European Parliament issued an internal notification to its members, requiring them to set a French search engine as the default search tool on internal office computers, replacing Google and reducing reliance on the US tech giant. According to the notification, this adjustment aims to implement the EU's commitments regarding digital sovereignty and the protection of users' personal data. On June 3rd, the European Commission published a "European Technology Sovereignty Package," proposing to strengthen capabilities in areas such as artificial intelligence, semiconductors, cloud computing, and open source, with the aim of reducing dependence on foreign technology suppliers and supporting domestically developed alternative technologies to enhance Europe's digital autonomy and resilience.
Market news: Alarms sounded again in Kuwait.
1. Russian President Vladimir Putin: The attack by Ukraine has caused some damage to Russia. 2. Kernel, a Ukrainian agricultural and food exporter: Infrastructure at the port of Chornomorsk, Ukraine, has been damaged. 3. According to RIA Novosti: Russia and Ukraine have each exchanged 185 prisoners of war. 4. According to the Wall Street Journal: Sources say a Ukrainian team used satellite intelligence to destroy billions of dollars worth of Russian assets. 5. According to Ukrainian sources, Chernihiv was attacked by a drone, injuring seven people. 6. Russian President Vladimir Putin: Has reviewed Zelensky's letter. 7. International Atomic Energy Agency (IAEA): Has been informed of a serious incident that occurred today during the agreed-upon partial ceasefire and demining phase near the Zaporizhia nuclear power plant. Several Russian military personnel were injured in the incident. 8. Regarding the incident at the Zaporizhia nuclear power plant, IAEA Director General Grossi called on all parties to exercise maximum military restraint and fully comply with the ceasefire agreement. 9. Putin rejected Zelensky's proposal for "talks," saying it was meaningless. 10. German Chancellor Merz: We will meet with Ukrainian President Zelensky on Sunday through the E3 mechanism (Germany, France and the United Kingdom).
On June 6th, US President Trump stated at a campaign event in Wisconsin on the 5th that he would swiftly end the war with Iran, thus eliminating a major factor contributing to high prices. With the midterm elections approaching, US media widely believe that the US-Iran conflict has led to rising oil prices and increased living costs, putting pressure on the Republican Party's election prospects.
US President Trump: Most of Iran’s drone factories, launch sites and missile manufacturing areas have been destroyed.
US President Trump: In the conflict so far, we have completely destroyed their military, although Iran still has some missiles and drones.
US President Trump: Iran has no choice, but it will take some time.
According to filings with the U.S. Securities and Exchange Commission (SEC), Netflix (NFLX.O) has appointed Jay Hoag as chairman of its board of directors, effective from the annual meeting.
US President Trump: Elon made a mistake before, but now he's my friend again.
June 6 - According to the European-Mediterranean Seismological Centre, a 5.4-magnitude earthquake struck the offshore region of Guerrero state in southwestern Mexico at 2:55 p.m. local time on June 5, with a depth of 32 kilometers. There are currently no reports of casualties or damage.
On June 6th, company filings revealed that Google (GOOG.O) has agreed to pay SpaceX $920 million per month for computing power as part of a cloud services agreement that will last until mid-2029. SpaceX stated in a filing on Friday that Google will pay SpaceX monthly fees from October to June 2029, providing computing power including approximately 110,000 Nvidia GPUs, CPUs, memory, and other related components. The computing power will be gradually increased before September, with the fee decreasing accordingly. The filing shows that if SpaceX fails to deliver the agreed number of GPUs by September 30, 2026, Google has the right to terminate the contract and will have a one-month grace period. Furthermore, according to the agreement disclosed on Friday, either party has the right to terminate the agreement with 90 days' notice.
U.S. bank deposits rose to $19.333 trillion from $19.285 trillion last week.
Standard & Poor's affirmed Sweden's credit rating at "AAA/A-1+" with a stable outlook.
June 6th - According to the Financial Times, Meta Platforms (META.O) is considering raising tens of billions of dollars through a stock offering to seek new sources of capital to support Mark Zuckerberg's ambitious plans in artificial intelligence, following Google's record $85 billion stock deal this week. According to three sources familiar with the matter, executives at the social media company have been exploring "innovative" fundraising methods as the company plans to significantly increase its AI-related capital spending to as much as $145 billion this year, with further increases planned for 2027. The discussions have intensified following Alphabet's successful funding round this week—which was driven by strong investor demand and increased by $5 billion from the original plan—sources said. However, Meta has not yet hired investment banks and may ultimately not issue new shares. One source cautioned that it is too early to say how the company has decided on its course of action, as all fundraising options are still under consideration.
According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending June 2, speculators increased their net short positions in CBOT U.S. 2-year Treasury futures by 94,942 contracts to 1,350,188 contracts, U.S. 5-year Treasury futures by 46,091 contracts to 1,369,218 contracts, U.S. 10-year Treasury futures by 41,621 contracts to 829,575 contracts, and ultra-long-term Treasury futures by 27,868 contracts to 287,710 contracts.
New York silver futures fell below $68 per ounce, down 8.08% on the day.
Bank of England Governor Bailey: Artificial intelligence will grow faster than any previous innovation.
According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending June 2, speculative net long positions in COMEX silver futures increased by 188 contracts to 10,433 contracts.
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