Welcome to your trusted evening news source, for the day's essential business and finance news. Stay informed and ahead with our curated digest of key developments and market insights. Let us provide you with the information you need to make informed decisions.

Markets

Today’s Headlines

Public Markets

• Disney Finance Chief Clashed With Top Executives Before Stepping Down (More)

• Intel Plans Semiconductor Plant in Poland as Europe Aims to Boost Chip Production (More)

• A $4.2 Trillion Options Event Looms for New Bull Market (More)

• Virgin Galactic Stock Soars as Company Readies for First Commercial Space Flight (More)

• Humana Says Insurance Costs to Be at ‘Top End’ of Estimates (More)

• Oil experienced its most significant single-day surge in six weeks.

• The dollar index reached its lowest point in a month.

• Traders have factored in a 67% probability of the Federal Reserve increasing interest rates by 25 basis points in July.

• In the 12 months through May, import prices plunged 5.9%. That was the biggest year-on-year decline since May 2020 and followed a 4.9% fall in April.

• Fund managers eagerly acquire government bonds as yields surge.

  (More)

• Analysis: Odey scandal prompts Wall Street rethink on how to vet hedge funds (More)

Economy

• Teamsters Vote to Authorize UPS Strike as Contract Talks Continue (More)

• How the World’s Most Popular Shopping App Is Quietly Upending Retail (More)

• Micron Warns of Bigger Revenue Hit From China Ban (More)

• US Retail Sales Unexpectedly Rise in Sign of Consumer Resilience (More)

Mergers & Acquisitions

• Michael Jordan agrees to sell Hornets stake for $3B (More)

• DraftKings makes $195 million offer for PointsBet’s U.S. assets, outbidding Fanatics (More)

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