Tech stocks tumble 3% on Iran tensions & rotation; financials, REITs gain.
PBOC sets USD/ CNY central rate at 6.8130 (vs. estimate at 6.7749)v
US forces completed precision strikes on Iranian air defense, radar and ground control sites near Hormuz (1, 2, 3), CENTCOM said, calling the operation proportional and warning it remains postured against further Iranian aggression.
May CPI nears 4%+, fueling Fed pivot bets. Bond traders eye inflation surge, bracing for market shifts.
Social Security trust fund faces shortfall by 2032. Congress must act to avoid benefit cuts.
Oil has risen as the US has launched wave after wave after wave or attacks on Iran
Trump's crypto venture nets $500M, but investors face steep losses. AI Financial Group's stock plunges 90%.
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