Bloomberg Markets

Yen Pares Gains Versus Dollar After BOJ Hikes Key Rate to 1%

The yen pared gains against the dollar after the Bank of Japan raised its benchmark interest rate to the highest level since 1995.

business  Jun 16, 2026

BBC World

Japan raises interest rate to highest since 1995

The Bank of Japan has been raising rates from near-zero since 2024.

general  Jun 16, 2026

Bloomberg Markets

EU Says China Trained Russian Troops to Fight in Ukraine War

The European Union’s top diplomat said China has been training Russian troops to fight in Ukraine, sharpening Brussels’ criticism of Beijing’s enabling role in the conflict as the bloc weighs a tougher economic and security stance.

business  Jun 16, 2026

The Guardian

Starbucks Korea to temporarily shut all stores for history lesson after bungled coffee promotion

The closures, so employees can watch a recorded lecture, will cost the company an estimated 2.1bn won ($1.4m) in salesStarbucks Korea will simultaneously close all its stores for a mandatory history lesson, after a disastrous promotion that evoked memories of a pro-democracy massacre sparked public and political backlash.More than 2,000 stores will temporarily close at 3pm on 22 June, the company said, so staff can watch recorded lectures on modern Korean history and engage in “social sensitivit

general  Jun 16, 2026

Wired

DOJ Lawyers Argue xAI Is ‘Vital’ for National Security in NAACP Lawsuit

In a bid to dismiss a lawsuit over xAI's polluting gas turbines, the Justice Department claimed the company is integral to military operations—including the Iran War.

technology  Jun 16, 2026

ESPN

Megatron sees record falling, Nacua as top threat

Calvin Johnson doesn't expect his single-season NFL receiving record to last much longer. And if he had to guess, Rams star Puka Nacua will be the one to break it.

sports  Jun 16, 2026

Bloomberg Markets

Middle East Oil Markets Weaken on Optimism Over Increased Supply

Middle Eastern crude markets weakened as the US-Iran agreement to reopen the Strait of Hormuz spurred optimism around an increase in flows from the oil-rich region.

business  Jun 16, 2026

Bloomberg Markets

Evergrande Liquidators Seek Review of PwC HK’s $128 Million Deal

China Evergrande’s liquidators are seeking a judicial review of a HK$1 billion ($127.6 million) shareholder compensation deal a regulator struck with PricewaterhouseCoopers’ Hong Kong affiliate.

business  Jun 16, 2026

Bloomberg Markets

Global Funds Pile Into India Bonds as Oil Cools

Lower crude prices improves inflation outlook and eases pressure on current account deficit.

business  Jun 16, 2026

Bloomberg Markets

China’s Consumer Spending Drop Imperils Growth

China’s consumer spending contracted last month for the first time since the pandemic and investment deteriorated, exposing risks still facing the economy even as it benefits from booming exports and a deescalation in tensions around Iran. UBS Securities Chief China Economist Yu Song shares his analysis. (Source: Bloomberg)

business  Jun 16, 2026

Yahoo Finance

Intellia Therapeutics (NTLA) Skyrockets 23% on Encouraging Lonvo-Z Results

business  Jun 16, 2026

Yahoo Finance

SpaceX (SPCX) Rockets 19.6% Higher on US-Iran Deal, AI Optimism

business  Jun 16, 2026

Yahoo Finance

Xanadu (XNDU) Soars 18%, Investor Funds Pour Into High-Growth Stocks

business  Jun 16, 2026

Yahoo Finance

Western Digital (WDC) Hits All-Time High on Morgan Stanley 33% PT Upgrade

business  Jun 16, 2026

Yahoo Finance

Wolfspeed (WOLF) Soars 13.8% on AI Sector Rally

business  Jun 16, 2026

Yahoo Finance

X-Energy (XE) Powers 13.5% as Cathie Wood Gobbles More Stake

business  Jun 16, 2026

Financial Times

China’s economy shows signs of weakness in May

Retail sales decline for first time in more than three years and fixed asset investment slump deepens

business  Jun 16, 2026

Bloomberg Markets

Chinese Bonds Draw Foreign Funds in May After a Year of Outflows

Foreign investors returned to Chinese sovereign bonds in May for the first time in over a year, drawn by the market’s resilience while a brutal selloff battered global debt.

business  Jun 16, 2026

Yahoo Finance

Applied Optoelectronics (AAOI) Soars 13% as US-Iran Peace Deal Propels AI Stocks

business  Jun 16, 2026

Bloomberg Markets

Morgan Stanley Cuts Oil Forecasts as Hormuz Deal Revives Supply

Morgan Stanley made substantial cuts to its oil-price forecasts for the coming quarters as the interim deal between the US and Iran to reopen the Strait of Hormuz stands to revive regional output and boost supplies.

business  Jun 16, 2026