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US jobless claims rose last week, signaling a cooling labor market as investors weigh the economic outlook.

Josh Brown says a new AI trade is forming, and a favored stock is already benefiting from it.
Wall Street is identifying a likely winner from the surge in World Cup gambling activity.
Bank of America is backing the agentic AI theme and has double-upgraded a stock it sees as well positioned.
Analysts are beginning to issue recommendations on SpaceX as interest in a possible IPO grows.
Market watchers are looking ahead to Thursday’s stock stories that could influence the next trading session.
Some dividend-paying stocks are being highlighted as defensive “turmoil insurance” for uncertain markets.
The unusual structure of a potential SpaceX IPO is being viewed as a challenge for Wall Street.
Gold’s decline may not be over, with traders betting the weakness could persist for up to two more years.
Scott Ladner says AI matters more than oil, especially as giant IPOs like SpaceX start to emerge.
Upcoming changes to federal student loans on July 1 mean current and future borrowers need to prepare now.

Hong Kong stocks fell as the Hang Seng Index dropped 158 points, dragged by Alibaba’s more than 5% slump despite gains in AIA and HSBC.

Alibaba Cloud’s Meoo launched Meoo CLI, a local AI coding project that can be deployed directly to production.
Hong Kong stocks fell on the day, with the Hang Seng Index down 158 points; Alibaba dropped more than 5% while AIA and HSBC rose.
DWS expects AI to keep driving global equities, and thinks the S&P 500 could reach 8,200 by mid-next year.
WeChat added a new feature that combines chat and image sending.
Major brokerages made mixed moves on Hong Kong and A-share companies, including cuts to airport and airline-related targets and changes in shareholdings.
Property market activity remained strong, with Henderson Land’s year-to-date sales exceeding 2,600 units and mainland buyers spending more than HK$20 billion on Hong Kong homes in May.
Mainland Chinese markets were weaker, with the three major A-share indices closing down 0.2% to 1.1% as oil stocks held steady.
China’s policy focus continues to center on AI, including a new plan to deepen AI-telecom integration and promote self-driving networks, smart agents, and infrastructure upgrades.
New-energy vehicles kept growing strongly in May, while sectors such as robotics leasing, satellite launch-related businesses, and tourism also saw fresh momentum.
Several major industries showed important shifts, including lithium, power semiconductors, solar, water infrastructure, GLP-1 weight-loss drugs, and consumer pricing trends such as CPI/PPI and egg prices.

Tokyo stocks rebounded slightly as bargain buying emerged after early selling on Middle East tension fears.

The yen traded in the mid-160s against the dollar as the market saw little progress toward ending the U.S.-Iran conflict, boosting demand for the dollar as a safe-haven currency.
Tokyo stocks edged higher by 38 points after early selling on Middle East escalation fears eased and investors bought back undervalued shares.
European central banks are likely to raise interest rates in response to inflation pressure linked to the Middle East crisis, and the Bank of Japan may follow suit.
Kioxia’s share price surged past Toyota’s market value, while Fujikura fell to half its previous level, showing how AI-related stocks have diverged sharply.
BOJ Governor Kazuo Ueda was hospitalized, but the government said this would not cause any problems, even though he will miss the June 15–16 policy meeting.
The Tokyo market at one point fell more than 1,800 points, with the morning close down 939.75 points from the previous day.
Stocks continued to decline, and by 11:00 a.m. the market was still down 458.75 points from the prior close.
The sharp drop in Tokyo shares was driven by weakness in U.S. stocks the previous day and broad selling pressure in the market.
The yen started trading in the 160-yen range, with investors buying dollars as a safe haven amid rising tensions in Iran.
Major business and consumer news included new landmark building openings, worsening business sentiment in Nara due to Middle East tensions, record-high fuel surcharges, earnings cuts from Asahi Group due to cyberattacks, and strong demand for products and services related to heat, AI, and retail innovation.

Citi’s expansion into crypto tokenization—launching a platform to tokenize private company shares—stands out as a major sign of Wall Street’s accelerating move onchain.

Crypto ETFs remain a major focus for advisors and investors as part of the broader digital asset market.
A proposed U.S. House bill would create a cross-agency task force to fight crypto theft and related crimes.
SpaceX stock is set to be represented on Solana at the same time it debuts on Nasdaq, showing continued tokenization momentum.
Canton Network’s developer secured $355 million to expand efforts to bring traditional Wall Street assets and workflows onchain.
Tether participated in a $1.4 billion funding round for German robotics company Neura, signaling growing crypto capital flowing into AI and robotics.
CoinDesk 20 data shows broad market strength, with Uniswap (UNI) leading gains as all index constituents advanced.
Citi expanded into private markets by launching a tokenized share offering, deepening the push toward asset tokenization.
Ondo Finance hired a former Invesco ETF executive to help develop onchain investment products and bridge TradFi with crypto.
Bitcoin ETF outflows may be driven more by arbitrage dynamics than by bearish sentiment around SpaceX-related tokenization news.
Michael Saylor and Jack Mallers are debating how Strategy should report its bitcoin metrics, highlighting ongoing scrutiny around corporate BTC disclosures.

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