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US stocks were mixed as investors awaited the Fed’s rate decision, with Micron extending its powerful 2026 rally after Deutsche Bank and Citi raised price targets and SpaceX speculation adding to market volatility.

Micron Technology (MU) has tripled in value during 2026, with Deutsche Bank and Citi raising its price target to $1,500, signaling the rally may not be over.
SpaceX remains a highly volatile investment with a $3T valuation criticized by Michael Burry, facing scrutiny as lockup periods end and AI purchases surge.
Design stocks have lost roughly 50% in 2026, but Citi believes the segment could double if market conditions improve.
Lyft is poised to benefit from the "robotaxi boom," according to Rothschild & Co., while travel stocks show bullish breakout potential.
Papa John's and Chick-fil-A are seeing market shifts, with Papa John's gaining amid financing reports for a potential takeover and Chick-fil-A's dominance ending.
US crude oil stockpiles fell more than expected, while US Treasury reliance on T-Bills nears a 20-year high ahead of the Fed's rate decision.
Ferrari is transitioning its EV strategy into a "loyalty test" to access "halo" vehicles, while hybrids outpace EVs and gas cars in annual mileage.
4 key stocks to watch include MSFT, MRNA, MU, and AMZN, with significant technical repositioning expected in the market.
Deutsche Bank and Citi have boosted price targets for Micron, while UBS highlights stocks that could outperform as the Iran deal is finalized.
Social Security recipients may see a larger 2027 COLA boost than expected, and Kevin Warsh's potential role as Fed chair could significantly impact FOMC meetings.

Hong Kong stocks fell on Wednesday as the Hang Seng Index dropped 181 points, with strong gains in Kuaishou and Zhisp among the few bright spots.

Hong Kong’s Observatory says rain may become heavy at times tonight and tomorrow, and a rainstorm warning could be issued if needed.
The Securities and Futures Commission is continuing to advance the HK$1 billion compensation plan tied to PwC for Evergrande’s independent minority shareholders.
Hong Kong’s IPO market remains active, with multiple new listings and strong analyst expectations for a busy year.
The Hang Seng Index closed down 181 points, while some tech-related stocks such as Kuaishou and Zhipu posted strong gains.
Tencent Cloud, Alibaba Cloud, and other Chinese tech firms are expanding overseas and deepening AI-related infrastructure and cooperation.
Mainland China’s A-share market rose overall, with the Shanghai Composite reclaiming the 4,100-point level on strength in technology shares.
Regulators and exchanges are promoting financial-market reforms, including active management ETF guidelines and more market-based refinancing pricing.
China’s property market showed mixed signals: first-tier home prices rose month-on-month, while residential sentiment in Hong Kong remained weak.
Energy and industrial sectors are seeing policy support and restructuring, including stronger renewable integration, new-energy heavy truck expansion, and storage industry shifts.
Broader economic data suggest China’s economy remained generally stable in May, with industrial sales, new growth drivers, and high-tech development all improving.

Tokyo stocks extended their winning streak to five straight sessions, with the Nikkei closing just 100 yen below 70,000 on the back of weaker crude oil prices.

Regional banks say AI countermeasures cannot be handled one company at a time and should be shared across the industry.
Japanese stocks extended their gains, with the Nikkei approaching 70,000 yen and crude oil weakness supporting the market.
The LDP is considering a review of subsidies and funds to cut waste, including solar power and government-funded foreign student programs.
U.S. markets were mixed, with the Dow setting new records while the Nasdaq pulled back after several strong sessions.
Japanese character brands like Tora-san, Hello Kitty, and Conan may be used on overseas commemorative coins, and the Finance Ministry is studying issuance.
The yen remained weak around the mid-160 range in New York as investors waited for the FOMC announcement.
Higher interest rates are increasing housing-loan pressure on younger people and forcing companies to rethink self-sustaining management.
AI and semiconductor-related companies such as Kioxia and Murata are gaining prominence in Japanese stock market rankings.
Toyota chose a new leadership team and reaffirmed strong investment in growth under President Ko.
Nissan is launching the fully redesigned Kicks SUV to regain competitiveness through improved fuel economy and new technology.

Illinois’ new tax on holding or transferring digital assets in its state budget has sparked major backlash across the crypto industry.

Illinois’ new state budget is drawing criticism from the crypto industry because it adds a tax on holding or transferring digital assets.
A market commentary argues that crypto is showing signs of maturity as the industry evolves.
Moody’s has begun assigning credit ratings to Solana as part of a broader push into tokenized assets.
BitGo’s shares jumped after a $50 million buyback, even though the stock still trades far below its IPO level.
Concerns about crypto security remain serious, and the article says ordinary audits will not be enough to solve the problem.
A Mexican billionaire says most of his portfolio is in bitcoin and believes it is a better store of value than real estate.
Kevin Warsh’s first Federal Reserve meeting is expected to focus more on messaging and communication than on interest-rate changes.
Bitcoin Cash was the weakest performer in the CoinDesk 20 index, pulling the broader crypto benchmark lower.
A new Bittensor proposal would give validators a role similar to fund managers, changing how the network operates.
SpaceX’s valuation is reported to be nearly twice bitcoin’s market cap, highlighting how large private-company valuations can be.

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