Key News
1. US President Trump announced on June 11th that the US would launch a "fierce strike" against Iran that evening.
2. The European Central Bank raised its three key interest rates for the first time since 2023, in line with market expectations.
3. US PPI rose 6.5% year-on-year in May.
Stock News
1. SpaceX will finalize its IPO pricing and begin trading in the early hours of June 12th; it has reportedly attracted over $70 billion in retail orders.
2. Microsoft (MSFT.O) plans a large-scale layoff next month in its massive gaming division, centered around Xbox.
3. Devon Energy (DVN.N): With $4.9 billion in capital expenditure, it expects production to reach 1.38 million barrels of oil equivalent per day in fiscal year 2026, compared to previous forecasts of 835,000 to 855,000 barrels per day.
4. Oracle (ORCL.N) reported Q4 2026 revenue of $19.2 billion, exceeding market expectations of $19.095 billion; the company projects Q1 total revenue to grow by 27% to 29% at constant exchange rates and in US dollars.
5. OpenAI is exploring a significant reduction in its AI service token fees.
6. Amazon (AMZN.O) announced the launch of a carbon credit service, enabling eligible companies to access high-quality carbon credits.
7. General Motors (GM.N) will shelve its low-cost lithium iron phosphate (LFP) battery solution and shift its R&D focus to lithium-rich manganese (LMR) battery systems.
8. Nvidia (NVDA.US) is collaborating with Abridge to develop AI-powered medical models.
9. WeRide (WRD.O) is attempting to spin off its Robovan (autonomous freight vehicle) business for independent financing; the business is valued at $400 million.
