Tesla reported first-quarter 2026 results showing revenue of $2.239 billion, up 16% year over year. Earnings per share came in at $0.41, topping the $0.30 consensus estimate. The company said active FSD subscriptions reached 1.28 million, a 51% year-over-year increase. Tesla also disclosed that its Robotaxi program has begun fully driverless testing in Dallas and Houston, and that FSD has received regulatory approval in parts of Europe. The update arrives as the National Highway Traffic Safety Administration opened a new investigation tied to an accident in Texas. Tesla said driver-initiated intervention was the primary factor. Shares trade around $375. Wall Street's average price target stands at $411.91.

The Federal Reserve kept interest rates unchanged on June 17 for a fourth straight meeting, but about half of policymakers indicated support for at least one hike before year end. Kevin Warsh chaired his first FOMC meeting after his May 2026 confirmation, as Treasury Secretary Scott Bessent publicly referenced a single rate hike. Bitcoin traded near 64500 after the decision.

A U.S.-Iran roadmap calls for a 60-day ceasefire, keeping the Strait of Hormuz open, while the U.S. Treasury has authorized Iran to temporarily sell oil. WTI crude fell 3.5% to $70.64 a barrel after briefly dropping below $70 intraday. Brent slid 3.8% to $74.13 a barrel, retreating to pre-war levels. Gold also sold off sharply, down 2.6% to $4,003 an ounce. The metal is down 11.5% for the month, marking its worst monthly performance since 2008. The sudden geopolitical de-escalation triggered a rapid repricing across energy and precious metals.

SK Hynix, the world's No. 2 maker of memory chips, is preparing a Nasdaq American Depositary Receipt (ADR) offering that could raise as much as $29.4 billion. At that size, the transaction would rank among the largest ADR offerings on record. The company plans to sell about 17.79 million new shares, with trading expected to begin on July 10. BofA Securities, Citigroup Global Markets, Goldman Sachs, and JP Morgan Securities are acting as underwriters. A key driver is access to U.S. capital. Many U.S. institutional investors face limitations on holding foreign-listed shares. An ADR structure eliminates that hurdle, giving pension funds, index-tracking strategies, and large asset managers a straightforward way to gain exposure. SK Hynix already trades on the Korea Exchange, where the stock is up more than 300% year-to-date in 2026. The company recently surpassed Samsung to become South Korea's most valuable firm. In high-bandwidth memory (HBM) — a specialized segment used in AI accelerators such as Nvidia's GPUs — SK Hynix is estimated to control roughly 50% to 60% market share. The company filed a confidential Form F-1 with the U.S. Securities and Exchange Commission in March, indicating preparations have been underway for months. The deal was publicly announced on June 24. Proceeds are slated for a new fabrication plant in Yongin, South Korea, an advanced packaging expansion in Cheongju, and purchases of extreme ultraviolet (EUV) lithography equipment. For investors, the listing would place SK Hynix more directly in the U.S. market's spotlight alongside Micron Technology, currently the only pure-play memory chipmaker listed in the United States. The offering also introduces dilution risk: issuing 17.79 million new shares at current valuations would materially increase the share count, meaning existing Korea-listed shareholders would be sharing future earnings across a larger ownership base.

Swedish health tech firm H100 said shareholders approved the share issuance needed to acquire Moonshot AS and Never Say Die AS in a share for share deal with no cash. After closing, H100 expects its bitcoin holdings to rise from 1,051 to about 3,500 BTC, with the sellers owning about 70% of the combined company.

U.S. crude oil futures fell 4.2% in a single session to $70.14 a barrel, marking the day's sharpest move among major commodities. Gold, silver and copper also traded lower. U.S. equities finished broadly higher, with the Dow, Nasdaq and S&P 500 all up on the day, though the energy sector declined 1.7%. Paychex reported fourth-quarter results that topped expectations, but the move was viewed as a stock-specific development rather than a catalyst for cross-asset moves. The oil selloff provided a clear, immediate trading signal and did not appear to have a causal spillover to other asset price action.

Indian customs has busted a gold-smuggling operation at Mumbai airport, arresting eight people, including an airport staffer, and seizing about 6 kg of 24K molten gold and gold powder valued at Rs 8.95 crore. Officials said the accused failed to produce documents establishing a legitimate source of the metal. Investigators believe the network involved collusion within the airport, a melting unit in Kalbadevi, and distribution into grey-market channels. The probe is ongoing, with authorities working to trace the origin of the gold, map money flows and identify additional suspects. The case underscores enforcement gaps around cross-border movement of physical gold and signals tighter scrutiny, a development that could create near-term supply-side sentiment swings in the spot market.

STRC, the preferred stock issued by Strategy, fell below $82 on June 25 and was last trading at $81.83, down 6.3% and setting a new all-time low, according to Odaily Planet Daily. A sustained move materially below par typically signals that investors are demanding a higher yield as compensation, pointing to softer confidence in the issuer's credit profile or the reliability of future dividends. Strategy has previously leaned on STRC issuance to fund Bitcoin purchases. If STRC continues to trade below face value, future offerings would likely come at a higher effective cost of capital, meaning the company would need to pay more to raise funds through new issuance.

June 24 — US airline stocks moved higher after easing tensions involving Iran and the resumption of tanker traffic through the Strait of Hormuz pushed Brent crude futures back below $74 a barrel, returning to levels seen before the Iran conflict. Data from the International Air Transport Association (IATA) show average jet fuel prices have fallen to $119.17 a barrel in the week of June 19, down from a February peak above $170. The drop eases the industry's largest cost line item, while airfare has yet to reflect the lower fuel bill.