Session wrap

Oil futures disconnect! Inventories near lows, prices could spike to $150. Demand destruction fears rise.

investingLive Asia-Pacific FX news wrap: The day the war ceasefire really hit the fan.

Social Security trust fund hits critical low in 2032. Retirees face benefit cuts if Congress doesn't act.

SMCI tumbles 10% on $7B equity raise for AI servers, but backlog hits $39B.

Iran's Revolutionary Guards claimed strikes on US bases in Jordan, Kuwait and Bahrain, saying 21 targets were hit including F-35 hangars and command centres, as Kuwait's air defenses reported intercepting hostile aerial targets.

SpaceX IPO sees 4x demand, but retail allocation's uncertain. High valuation, potential risks loom.

Iran's Revolutionary Guards attacked the US Fifth Fleet base in Bahrain with drones following American strikes on Iranian air defense and radar sites near the Strait of Hormuz, with oil rising around 1% in early Asian trade.