Markets

FlightAware withdraws Kalshi lawsuit as flight cancellation market fails to gain traction
FlightAware voluntarily dismissed its lawsuit against Kalshi without prejudice, as data showed no user activity in the flight cancellation prediction market.

AI hardware stocks diverge: Three tiers, three trading strategies
Analysts outline distinct performance patterns in AI hardware equities, suggesting tailored approaches for investors amid uneven sector gains.

NYC Council launches probe into prediction market ads
Regulators examine whether advertising practices by Kalshi, Polymarket violate local laws on financial promotions.

Annexon shares fall on clinical trial update
Biopharma firm's stock declines after dosing pause in phase 2 trial for ANX005. Shares down 12% in midday trade.

Chile’s copper output to decline 2.6% in 2026, Cochilco forecasts
State copper agency Cochilco projects Chile’s copper production will fall to 5.75 million tonnes in 2026, citing aging mines and water scarcity as key constraints.

Legend Biotech shares fall on weak quarterly results
Biotech firm posts lower-than-expected revenue and earnings, dragging shares down nearly 10% in early trading.

Intuitive Surgical shares rise on strong procedural growth
Stock gains after company reports higher-than-expected robotic-assisted surgery volumes in latest quarter.

India’s Nifty 50 slips 0.15% as trade closes
Benchmark index ends lower as investors assess global cues and domestic economic data amid mixed corporate earnings.

Nvidia unveils 800 VDC power system for AI data centers
New 800 VDC solution aims to improve energy efficiency and reduce costs in high-performance computing infrastructure.

Cullinan Oncology shares hit 52-week peak at $19.43
Biotech firm Cullinan Oncology’s stock surged to its highest level in a year, driven by investor optimism around its oncology pipeline.

Eaton Vance Tax Advantaged Dividend Fund hits 52-week high
Shares of the Eaton Vance Tax Advantaged Dividend Fund (EVT) reached a 52-week peak of $29.34 on Tuesday, extending its recent upward momentum.

U.S. warns of 600,000 bpd oil supply disruption from Iran conflict
Energy Department estimates potential disruptions to global crude flows amid escalating tensions in the Middle East.

Nikkei 225 slips below 200-day moving average near 67,000
Japan's benchmark index tests key technical support after failing to sustain gains above its 200-SMA, with traders eyeing levels around 67,000.

eToro posts Q2 crypto revenue decline despite wider profit beat
Gross crypto revenue at eToro fell to $1.35 billion in Q2, while total profit exceeded estimates. The broker also agreed to acquire U.S. firm TradeZero for up to $231 million.

Crescent Capital BDC posts Q2 2026 NAV decline despite fee cuts
Management fee reductions failed to offset a 4.2% drop in net asset value for the business development company in the second quarter of 2026.

Catena Media Q2 2026 revenue falls as SEO strategy intensifies
Online gaming affiliate reports decline in revenue amid accelerated shift to search engine optimization focus.

Trump suggests legal challenge to New York luxury home tax
Former U.S. president floats potential constitutional objections to new levy on high-value second residences in New York state.

LandBridge shares surge to 52-week high of $85.70
Stock hits peak since at least November 2023 as company's mining operations benefit from robust commodity demand.

Crescent Capital BDC cuts fees as NAV declines in Q2 2026
Slides from the business development company indicate reduced management fees amid net asset value pressure in the second quarter of 2026.

Morgan Stanley raises stake in Central Asia Metals above 5%
The investment bank now holds a more than 5% stake in the London-listed miner, triggering regulatory disclosure requirements.

Nasdaq to acquire LeveL Markets in push for extended trading hours
Deal expands Nasdaq’s alternative trading system capabilities as it targets 24/7 markets and tokenized securities. LeveL Markets ranks as the third-largest U.S. ATS.

Auburn National Bancorporation declares $0.27 quarterly dividend
The Alabama-based bank’s board approved a quarterly cash dividend of $0.27 per share, payable to shareholders of record as of June 14.

Flowdesk secures Dubai broker-dealer license from VARA
Coinbase-backed Flowdesk gains full regulatory approval in Dubai, expanding its licensed operations after securing MiCA authorization in France.

Marinemax shares hit 52-week high of $52.13
Recreational boat retailer Marinemax advances to its highest intraday level since mid-2023, extending a multi-week rally.

Waters Corporation shares hit 52-week high of $414.15
The analytical instrument maker's stock reached its peak since mid-2023, extending a multi-month uptrend amid strong demand for lab equipment.

