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Nasdaq futures extended losses to 1%; S&P 500 futures fell 0.6% after reports said U.S. military strikes on Iran are ongoing.

2026-06-11

Nasdaq futures extended losses to 1%; S&P 500 futures fell 0.6% after reports said U.S. military strikes on Iran are ongoing.

Other News
2026-06-11

U.S. President Trump said the U.S. fired 49 Tomahawk cruise missiles.

U.S. President Trump said the U.S. fired 49 Tomahawk cruise missiles.
2026-06-11

Liu Xiaochun, director of the Internet Rule of Law Research Center at the University of Chinese Academy of Social Sciences, warned that platforms' competing '100-billion-yuan' subsidy campaigns could trigger 'involution'-style cutthroat competition.

Liu Xiaochun, director of the Internet Rule of Law Research Center at the University of Chinese Academy of Social Sciences, warned that platforms' competing '100-billion-yuan' subsidy campaigns could trigger 'involution'-style cutthroat competition. He said large, irrational subsidies distort price signals and that some platforms require merchants to absorb subsidies in full, leaving merchants caught between no traffic if they don't cut prices and losses if they do. Severe margin compression threatens merchant viability, hinders industry innovation and upgrading. He also flagged that several platforms' rules unilaterally exempt from platform liability except in force majeure, increasing consumer risk.
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