SpaceX's total market value surpasses Microsoft, jumping to become the world's fourth-largest company

June 16: Easing Middle East tensions have given investors a new catalyst to pivot away from AI trading, which has dominated market narratives for most of this year. In a client note, Goldman Sachs Group trader Lee Coppersmith and his team wrote that investors are now identifying undervalued, non-AI-related cyclical stocks. With AI-frenzy fatigue setting in, investors are positioning for a catch-up in these assets. “As the war winds down, the market will look past upcoming inflation data, gradually phase out rate-hike expectations, and refocus on betting on rate cuts,” the group stated. Joe Gilbert, portfolio manager at Integrity Asset Management, added: “This will be a boon for small-cap companies, cyclical stocks, and bonds.”

June 16 (The Wall Street Journal) – U.S. officials and sources familiar with the talks told The Wall Street Journal that Washington will immediately waive sanctions to allow Iran to resume oil and fuel exports, an early economic concession aimed at easing escalating tensions. The oil sanctions waivers will take effect right after a tentative deal is signed later this week. Critical supporting services for oil sales—including banking, transportation and insurance—will also be exempt from penalties to ensure related transactions proceed smoothly. Nonprofit group United Against Nuclear Iran (UANI) reported Tuesday that an Iranian crude oil supertanker has departed Chabahar Port, crossed the U.S. maritime blockade, and exited the Gulf of Oman with its automatic identification system (AIS) activated. The group noted this is the first such move since the U.S. imposed its Gulf maritime blockade in April this year. A senior U.S. administration official told reporters Tuesday that whil

On June 16, Binance founder Changpeng Zhao—widely known as CZ—stated in a recent interview that Hyperliquid’s innovation is actually quite impressive. "They’ve carved out a niche that Binance cannot compete in," Zhao said, noting the platform does not require KYC (Know Your Customer) and claims to be decentralized. Zhao added that based on his own experience, he would never conduct operations in the same manner as Hyperliquid, supposing the firm has access to very strong legal support.

June 16 – DeGentrading, a leverage product research firm, noted that ahead of the Federal Reserve’s FOMC meeting, this is an opportune time for deleveraging; short-term weakness is to be expected. The market posted a large-scale short-covering rally yesterday, so some softness ahead of the FOMC amid hedging positioning is a normal development. From a longer-term perspective, this stock market pullback may represent the market’s final opportunity to add leverage before the FOMC’s "uncertain checkpoint." Following this event, the market is projected to resume its upward trend and overcome its current "wall of worry." Heightened market volatility is anticipated this week due to the shortened trading period, overlapping with the FOMC meeting and Options Expiration (OPX). Note: Thursday at 2:00 PM ET, the Federal Reserve’s FOMC will release its interest rate decision and Summary of Economic Projections; at 2:30 PM ET, Fed Chair Powell will hold a monetary policy press conference. Friday,

June 16 — Layer 1 blockchain MANTRA, which focuses on tokenizing real-world assets, will be acquired by its strategic investor Inveniam. The two firms announced the transaction on Tuesday. The acquisition follows a steep crash in MANTRA’s native token in 2025, which prompted the company to restructure and carry out layoffs. Back before MANTRA’s restructuring last August, Inveniam had invested $20 million in the blockchain project.

June 16, per Bitget market data, the Nasdaq 100 Index extended its losses to 1%, while the Semiconductor Index dropped more than 3%.