News

Chinese Yuan Shows Mild Upside as UOB Eyes 6.7500 Level Against Dollar

Neutral (0.2)Impact: Low

Published on June 2, 2026 (3 hours ago)

UOB analysts Quek Ser Leang and Lee Sue Ann report that the USD/CNH pair remained largely unchanged on Monday, closing a...

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S&P 500 Surges Past 7,600 as Semiconductor Stocks Rally; Bitcoin Drops Over 5%

Bullish (0.7)Impact: High

Published on June 2, 2026 (3 hours ago)

On June 2, 2026, the S&P 500 extended its AI-driven rally to a ninth consecutive session, closing around 7,611 and surpa...

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General Mills Sells Häagen-Dazs Shops in China to Investor Group Led by Ningji

Neutral (-0.2)Impact: Medium

Published on June 2, 2026 (3 hours ago)

General Mills has agreed to sell its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Ni...

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Russian Missile and Drone Barrage Kills 22 in Ukraine; Zelenskyy Warns of Further Attacks, Urges More Air Defense Support

Bearish (-0.8)Impact: High

Published on June 2, 2026 (3 hours ago)

Russia launched a large-scale attack on Ukraine early Tuesday, deploying more than 70 missiles and 650 drones overnight,...

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Palo Alto Networks Surges on Q3 Earnings Beat and Raised Guidance Amid AI-Driven Cybersecurity Demand

Bullish (0.8)Impact: High

Published on June 2, 2026 (4 hours ago)

Palo Alto Networks exceeded Wall Street expectations for its fiscal third quarter, driven by heightened demand for advan...

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Trump Administration Unveils Medicaid Overhaul: $2B Clawback from California, Work Mandate for Able-Bodied Recipients

Neutral (0.2)Impact: Medium

Published on June 2, 2026 (4 hours ago)

The Trump administration has announced a significant overhaul of the Medicaid program, targeting what it describes as go...

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Joaquin Escoto Charged With Triple Homicide in Modesto Courtroom Appearance

Bearish (-1.0)Impact: Low

Published on June 2, 2026 (4 hours ago)

Joaquin Escoto, a 28-year-old illegal immigrant, appeared in Stanislaus County Superior Court after being charged with t...

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Australian Dollar Rises Despite Weak Local Data, Driven by Chinese Growth and Commodities

Neutral (0.2)Impact: Medium

Published on June 2, 2026 (4 hours ago)

The Australian Dollar (AUD) demonstrated notable resilience, climbing close to 0.3% on the day and approaching the 0.720...

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DBS Raises Philippine Peso Year-End 2026 Forecast to 62.7/USD Amid Inflation Surge and External Shocks

Bearish (-0.8)Impact: High

Published on June 2, 2026 (4 hours ago)

DBS Group Research, led by Philip Wee, has revised its forecast for the Philippine Peso, projecting the USD/PHP exchange...

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Anta Acquires 29% Stake in Puma for $1.78 Billion, Solidifying Global Sportswear Position

Bullish (0.8)Impact: High

Published on June 2, 2026 (4 hours ago)

Chinese sportswear company Anta has further cemented its position among the world's leading sportswear makers, joining t...

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