Iran Conflict Concerns Impact Financial Markets and European Energy Prices
Wells Fargo reduced its S&P 500 target citing potential Iran war impacts, while electricity price gaps between Germany and France hit record levels.
Wells Fargo reduced its S&P 500 target citing potential Iran war impacts, while electricity price gaps between Germany and France hit record levels.

A Nevada state judge temporarily banned prediction market platform Kalshi from operating sports and election contracts in the state.

South Korea's main stock index experienced extreme volatility, plunging 7% before staging a dramatic recovery surge of over 12%.

Hedge fund manager Bill Ackman has filed for a U.S. initial public offering of Pershing Square Holdings seeking to raise $10 billion.
Mixed earnings results show Delta Air Lines experiencing broad-based travel demand growth while alcohol company Constellation Brands faces continued weakness.

The SBA lent $378 billion in COVID relief but is experiencing difficulty with loan repayment collections.

Saudi Arabia's state oil company posted fourth-quarter earnings while announcing a $3 billion share buyback amid regional tensions.

New York City public school graduation rates experienced their steepest year-over-year decline in 20 years, according to newly released data.
Mining giant BHP has selected Brandon Craig, head of its Americas operations, to succeed Mike Henry as chief executive officer.
Parents with federal PLUS loans face a June 30 deadline to consolidate into new loans to maintain affordable payment options.

Payment giant Mastercard announced plans to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion.

Major hedge funds Point72 and Balyasny have prohibited staff from betting on prediction markets as the industry faces increased regulatory and public scrutiny.

California has delayed enforcement of a law requiring venture capital firms to report diversity data on startup founders they fund.

Hedge fund manager Bill Ackman described government-sponsored enterprises Fannie Mae and Freddie Mac as undervalued investments, contributing to stock gains.

Federal Reserve officials express measured views on potential rate cuts as they assess labor market conditions and geopolitical risks.
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