Most Important News

1. Fed Hikes: Dot Plot Signals Possible 2026 Rate Hike;
2. SpaceX Sells: Elon Musk Offloads $105-per-share Stake;
3. Apple Picks Intel For Domestic US Chips;
4. Dalio Warns: US Faces Rising Debt Risks;

US stock futures ticked higher Thursday, with traders looking to recover after the Federal Reserve indicated the possibility of a rate hike this year — sparking a sell-off in equities during the previous session.

As of 03:25 PM Riyadh Time, S&P 500 index(SPX.US) futures and NASDAQ(IXIC.US) 100 futures climbed 0.82% and 1.56%, respectively. Futures tied to the Dow Jones Industrial Average(DJI.US) rose by 226 points, or 0.44%.

Wall Street sold off Wednesday after the Federal Reserve's first meeting with Kevin Warsh as chairman raised worries about monetary policy going forward.

Policymakers' "dot plot" revealed that several Fed officials now see interest rates increasing in 2026. The median estimate for the year-end interest rate now stands at 3.8%, up from 3.4% in prior projections from March, suggesting that at least one rate hike could be in the picture in 2026. Complicating the forecast was Warsh's decision to abstain from submitting a rate forecast.

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As of 03:25 PM Riyadh Time, top pre-market movements are as follows:

Fed Hawkish Shift Triggers Broad US Selloff

Federal Reserve signaled 2026 rate hikes, keeping federal funds at 3.50%-3.75% and projecting higher inflation, lower unemployment and new Chairman Warsh downplayed forward guidance impact. S&P 500 index(SPX.US) and NASDAQ(IXIC.US) declined over 1%, while CNN Fear & Greed Index slid to 32.7. Read in detail>>

Strong US Data Contrast With Weak Market Sentiment

US retail sales rose 0.9% month-on-month and pending home sales jumped 3.8% in May, both beating forecasts, yet all S&P 500 sectors closed lower, led by communication services, consumer discretionary, and real estate, underscoring risk-off sentiment despite robust macro data. Read in detail>>

Dalio Warns On US Debt, Political Risks

Ray Dalio warns the US is “on the brink” as a $7 trillion federal outlay versus $5 trillion revenue widens deficits, investor demand for Treasuries weakens, and rising borrowing costs threaten higher yields and macro instability through the 2026–2028 election cycle. Read in detail>>

Trump, Hanke, Fintech CEO Flag US Strains

Donald Trump defends higher US leverage, citing federal asset values, tariffs, and stakes in firms like Intel Corporation(INTC.US); Steve Hanke highlights Iran–Hormuz oil supply shock risks; Upgrade CEO notes $1.3 trillion US credit-card debt, promoting fintech installment solutions to ease household burdens. Read in detail>>

US Government’s Intel Stake Surges Over Fivefold

US government’s 9.9% Intel Corporation(INTC.US) stake, bought for $8.9 billion at $20.47 per share under CHIPS-related funding, is now worth about $52.04 billion at $120.10, delivering roughly 5.8x unrealized return as shares gain 207.52% year-to-date. Read in detail>>

Ark Invest Rotates Among Fintech, Crypto Leaders

Ark Invest’s ETFs sold Robinhood(HOOD.US) into an 8.78% rally while accumulating Coinbase(COIN.US)  and Block(XYZ.US), alongside buying Eli Lilly and Company(LLY.US) and trimming Roku, Inc. Class A(ROKU.US) and Twist Bioscience(TWST.US), signaling a tactical rotation across fintech, crypto, and healthcare innovators. Read in detail>>

Musk Firms Hold Largest Corporate Bitcoin Reserves

SpaceX(SPCX.US) and Tesla Motors, Inc.(TSLA.US) collectively hold over 30,000 Bitcoin worth about $1.9 billion, making them the only top‑10 market‑cap companies with Bitcoin on balance sheet, while Bitcoin trades near $63,848 and Dogecoin near $0.084, both declining. Read in detail>>

Jim Cramer: SpaceX Meme Status Fades

SpaceX(SPCX.US) retreats from recent surge as Jim Cramer flags a “two-way market” with heavy selling, echoing analyst warnings of meme‑stock‑style excess; despite short-, medium-, and long‑term uptrends, shares trade near $195 after-hours, below $205 peak. Read in detail>>

Musk Sells SpaceX Stock, Exercises Options, Boosts Tesla Voting Power

• Elon Musk sold 11,390 SpaceX(SPCX.US) shares at $105.32 each. Read in detail>>
• Elon Musk exercised 2018 CEO-award stock options, securing over 300 million Tesla Motors, Inc.(TSLA.US) shares while Tesla retained 17.5 million, raising his voting stake to about 19.9%. Benzinga Edge rates Tesla’s growth and quality as excellent; shares rose 0.33% after-hours to $397.66. Read in detail>>

Apple Picks Intel For US Chip Manufacturing

Donald Trump claims Apple Inc.(AAPL.US) agreed to design and manufacture chips with Intel Corporation(INTC.US) in the US, complementing earlier NVIDIA Corporation(NVDA.US) and Tesla Motors, Inc.(TSLA.US) deals, potentially reducing reliance on Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) as Intel’s 18A process enters pilot production. Read in detail>>

Apple To Hike Prices Amid Memory Shock

Apple Inc.(AAPL.US) will raise prices across products as surging DRAM and NAND costs, driven by AI data‑center capex from Alphabet Inc. Class A(GOOGL.US), Microsoft Corporation(MSFT.US), Meta Platforms(META.US) and Amazon.com, Inc.(AMZN.US), quadruple memory prices; Micron Technology, Inc.(MU.US) and Sandisk Corporation(SNDK.US) valuations soar accordingly. Read in detail>>

Marvell, Flex Gain From Imminent S&P 500 Inclusion

Marvell Technology(MRVL.US) and Flex Ltd(FLEX.US) will join the S&P 500 on June 22, triggering mandatory buying from major passive funds like ETF-S&P 500(SPY.US), S&P 500 Index Ishares(IVV.US) and Vanguard S&P 500 Etf(VOO.US), amplifying existing AI-driven momentum. Read in detail>>

Markets Weigh Potential SpaceX–Tesla $5 Trillion Merger

Prediction markets assign roughly 45–55% odds that SpaceX(SPCX.US) will acquire Tesla Motors, Inc.(TSLA.US) via stock swap before May 2027, potentially creating a $5 trillion AI–space–EV giant rivaling NVIDIA Corporation(NVDA.US), while regulators scrutinize defense–China exposure and Musk’s chip “Terafab” ambitions. Read in detail>>

Tesla To Add Grok Voice Control To FSD

Tesla Motors, Inc.(TSLA.US) CEO Elon Musk said Full Self-Driving will integrate xAI’s Grok for conversational, driver-like voice commands within about three months, enhancing robotaxi usability. Texas DOT leadership praised Tesla’s CyberCab, while Musk’s recent option exercise lifted his Tesla voting power to roughly 19.9%. Read in detail>>

Hive Digital Buys Swedish Big Boden Data Center

Hive Blockchain(HIVE.US) secured Boden municipal approval to acquire the 32‑MW Big Boden data center, shifting from tenant to owner, enabling Tier III AI infrastructure upgrades, deepening its SEK 960m Swedish investment and expanding its renewable-powered, sovereign AI computing footprint. Read in detail>>

Linkers Industries Boosts LPW Stake; Shares Surge

Linkers Industries Limited Class A(LNKS.US) jumped 32.5% after-hours to $2.12 after agreeing to lift its LPW Electronics stake from 20% to 49% for $2.35 million plus $6.16 million debt settlement, securing Thai automotive exposure despite a 98.89% 12‑month share price collapse. Read in detail>>

Adobe, FreeCast Advance On AI, Starlink Deals

Adobe Systems Incorporated(ADBE.US) rises 0.60% after launching Adobe Brand Visibility for AI-era brand safety, while FreeCast, Inc. Class A(CAST.US) soars 87.96% on a Starlink Business resale agreement enabling high-speed satellite internet services, despite Adobe’s weak trend ratings versus FreeCast’s strong multi-horizon momentum. Read in detail>>

Smith & Wesson Surges On Earnings Beat

Smith & Wesson Brands, Inc.(SWBI.US) posted Q4 EPS of $0.36 on $178.39 million revenue, beating analyst estimates of $0.23 and $155.27 million. Shares jumped 18.5% after hours to $16.27, signaling strong investor reaction to the upside surprise. Read in detail>>

Park Ha Bio Surges After $2 Million Offering

Park Ha Biological Technology Co., Ltd. Class A(BYAH.US) jumped 41.7% after-hours to $1.70 following closure of a $2 million registered direct offering, despite a 20% regular-session drop and 99.9% 12‑month decline, amid an AI-driven skincare partnership and elevated trading volume. Read in detail>>