Ships stranded in Persian Gulf quietly coordinate with U.S. Navy to exit Hormuz
Clashes erupted between the U.S. and Iran over commercial ships earlier this week.
Ramp hits $44 billion valuation as companies look to rein in AI spending
Ramp’s latest funding round was led by ICONIQ, GIC and the Ontario Teachers’ Pension Plan.
Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates
Bitcoin is getting pummeled to kick off June as the market loses its dominant narrative and liquidity continues to rotate into other assets.
Oil prices fall 3% on report Trump reluctant to restart Iran war
President Donald Trump told aides that he won’t resume the war unless U.S. troops are killed, according to The Wall Street Journal.
Blackstone restricts flagship fund withdrawals as private asset fears reemerge
Blackstone capped withdrawals from its $79 billion BCRED fund after redemption requests rose from 7.9% to 10%, adding to private market liquidity concerns.
Stocks making the biggest moves premarket: Broadcom, Micron, Petco, Coinbase and more
These are the stocks posting the largest moves in the premarket.
Trump’s ‘big beautiful bill’ has a ‘double taxation’ trap for top earners, tax experts say
A new guide by Congress’ tax policy staff indicates that trust income can be taxed twice.
Broadcom, Micron and ARM sink, leading chip stocks lower
U.S. chipmakers plunged after Broadcom earnings disappointed investors.
Bluesky was launched as a Twitter rival — but it’s far less popular. Now it’s eyeing Reddit for inspiration
“I think the public square is not the direction we want to go in…we’re very inspired by companies like Reddit,” Bluesky’s Rose Wang told CNBC.
Tire giant Pirelli vows legal action as short seller alleges ‘close relationship’ with Russia
Pirelli has instructed lawyers to take legal action after short seller Grizzly Research claimed the firm has a “close relationship” with Russia.
