Bitcoin Struggles to Hold $60,000 as Seller Pressure Nears Exhaustion
Bitcoin faces persistent selling pressure as it nears the crucial $60,000 support level, while strong U.S. labor market data challenges expectations of Federal Reserve rate cuts.
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Crypto & Fintech
Trade & Tariffs
Regional Leaders Push for Closer Trade with Taliban-Led Afghanistan Despite EU Resistance
Central and South Asian officials emphasize Afghanistan’s role in regional trade, seeking to ease sanctions, while the EU maintains a cautious stance on Taliban engagement.
Markets & Macro
Stocks Fall as Big Tech Declines and Strong Jobs Report Raises Fed Rate Hike Prospects
Wall Street slid as major tech stocks dropped sharply and robust May job growth heightened expectations that the Federal Reserve will raise interest rates later this year.
AI & Tech Regulation
Florida’s Lawsuit Against OpenAI Highlights GOP Divisions Over AI Policy
Florida’s aggressive legal move against OpenAI exposes deep divisions within the Republican Party on regulating artificial intelligence amid rising safety and ethical concerns.
Trade & Tariffs
Uzbekistan and Hong Kong Boost Business Ties in Search of Expanded Economic Cooperation
Uzbekistan and Hong Kong business leaders advanced talks to enhance trade, investment, and collaboration across finance, technology, and logistics sectors during a forum in Tashkent.
Markets & Macro
U.S. Job Growth Surpasses Expectations with 172,000 Positions Added in May
U.S. employers boosted payrolls by 172,000 jobs in May, doubling forecasts and marking three consecutive months of job growth amid economic uncertainty.
Markets & Macro
U.S. Job Growth Holds Steady Amid Economic Pressure From Iran Conflict
U.S. employers added 172,000 jobs in May while unemployment remained at 4.3%, showing labor market resilience despite rising energy costs linked to the Iran war.
Crypto & Fintech
US Senators Urge Regulators to Establish Clearer Capital Rules for Crypto Banking Activities
A group of US Senators called on bank regulators to develop a risk-based, balanced capital framework that treats crypto assets fairly and supports responsible banking engagement.
Trade & Tariffs
Pickwick Street Fair Expands with 80 Artists, Live Music, and Kids Zone on June 6
The Pickwick Street Fair returns for its fifth edition on June 6, featuring an expanded lineup of 80 artists, live performances under a covered stage, and a children’s activity zone.
Trade & Tariffs
John Bolton to Plead Guilty in National Security Case, Faces Heavy Fine
John Bolton has agreed to plead guilty to illegally retaining sensitive national security information, accepting a substantial fine and dropping numerous other charges.