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The Latest Breaking News from United States

AAP Rolling News Bulletin June 8, 1130

AAP Rolling News Bulletin for June 8 at 1130

AAP

Dollar climbs to two-month peak as Fed hike bets ramp up

The dollar surged to a two-month high following a robust U.S. jobs report, intensifying expectations for a Federal Reserve rate hike this year. The yen, meanwhile, weakened significantly, nearing intervention levels as the Bank of Japan lags behind other central banks in policy normalization.

The Economic Times

Iran launches missiles at Israel for first time since Mideast truce

Iran war: The sound of air raid sirens echoed through Israel as the military successfully intercepted missiles launched from Iran. In a stark response, Iran's Revolutionary Guards declared the attack a 'serious warning' after Israel targeted Beirut. This marked a significant escalation on the 100th day of conflict in the…

The Economic Times

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Chinese leader Xi heads to North Korea for closely watched talks with Kim

Chinese President Xi Jinping is set to travel to Pyongyang in his first visit in seven years, a trip likely meant to reassert China’s unique influence over North Korea in return for providing economic and political benefits

The Independent UK

Ukraine war briefing: Zelenskyy says he met Roman Abramovich in Kyiv in backchannel to Putin

Russian billionaire offered to take a ‘silent’ message on peace talks back to Moscow, Ukraine’s president says. What we know on day 1,566

The Guardian - AU

AAP Rolling News Bulletin June 8, 1100

AAP Rolling News Bulletin for June 8 at 1100

AAP

Global Markets Watch: Tumbling tech darlings slam brakes on AI rally

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing outlooks from chipmakers and a strong U.S. jobs report, suggesting potential rate hikes, fueled the selloff. Fresh hostilities in Iran also pushed oil prices higher, adding to market fragility.

The Economic Times

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Lawyers welcome SC’s AI rules against ‘algorithmic justice’

The Supreme Court has released a draft framework for AI in courts, aiming to balance innovation with judicial safeguards. The proposed regulations emphasise AI as an assistive tool, strictly prohibiting its use for decision-making, adjudication, or sentencing, while encouraging its adoption for administrative efficiency and access to justice.

The Economic Times

SpaceX IPO: What risks should investors consider? What to do if you don't get SpaceX IPO allocation?

SpaceX IPO: At roughly 110 times trailing sales, Elon Musk-led company's valuation assumes years of rapid growth, raising the stakes for investors if the company falls short of expectations.

The Economic Times

Trump walks out of interview with NBC’s Meet the Press after clash over election claims

Kristen Welker questioned Trump’s allegations that races for California governor and 2020 president were ‘rigged’

The Guardian - US

‘Every day the policy changes’: chaos and confusion for Filipino workers over US immigration rules

The US relies on migrant workers in crucial sectors but shifting policies under Donald Trump create uncertainty and fear

The Guardian - AU

Woman’s Muffler Falls Off After She Hits A Bush. Then She Just Keeps Driving: ‘She’s Still In Line To Get A Dairy Queen Blizzard’

"She has Blizzard money, not muffler money."

Motor1

Xi Jinping arrives in Pyongyang on trip to revitalise China-North Korea ties

Kim Jong-un welcomes Chinese leader on visit to renew relations strained amid Pyongyang’s closeness with Russia

The Guardian - UK

Lawmakers sound the alarm on Trump’s ‘most dangerous’ Cabinet pick

Bill Pulte’s temporary role as intelligence director is just long enough to disrupt midterm elections, Democrats fear

The Independent UK

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International Business Times UK

Trump's Chagos Islands Acquisition Plan Could Bypass Britain Through Separate Mauritius Deal, Reports Claim

The US is considering acquiring the Chagos Islands from Mauritius, potentially disrupting Britain's sovereignty plans and affecting the strategic military base at Diego Garcia.

International Business Times UK

Trump Downplays Latest Iranian Strikes and Reveals Plans to Personally Ask Netanyahu Not to Retaliate

President Trump urges Israeli Prime Minister Netanyahu to avoid retaliating against Iran after recent missile strikes, aiming to preserve a potential US-Iran deal.

France 24

European leaders back Zelensky's call for direct Russia talks

Ukrainian President Volodymyr Zelensky won support from the leaders of Britain, France and Germany on Sunday for direct ceasefire talks with Russia, as diplomatic efforts to end the war remain stalled. The appeal came as Russian strikes reportedly damaged a nuclear fuel storage facility near the Chernobyl exclusion zone.

The Independent UK

Revolut launches 5% savings rate for new bank customers

Customers must sign up for an account before 4 August to be eligible

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The Guardian - US

Ex-CIA official accused of stealing $40m in gold bars reportedly created fake spy program

David Rush, who was arrested in May, stole millions from US government through ‘special access program’, officials say

The Guardian - UK

Modric still casts a spell as Croatia win warm-up with England to come

Luka Modric scored on what could be last game on home soil as Croatia beat Slovenia 2-1 before heading off to the US, with England in their World Cup group

The Independent UK

Trump urges Netanyahu not to respond after Iran targets Israel with first strikes since April

US president ‘told’ Israeli PM not to retaliate as the IDF said it was ready to hit back ‘with determination’

Fortune

Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos

Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.

Bangkok Post

A double dip on the cards?

An economist is concerned about Thailand's potential dual deficit scenario, in which both the fiscal balance and current account move into deficit simultaneously.

The Independent UK

Experts call for weight loss jabs to be investigated as cancer prevention

Experts from the US examined data on more than 161,000 patients

The Independent UK

Trump denies that he campaigned on ending wars: ‘I didn’t promise anything’

Trump tells NBC war will end ‘soon’ unless Iran resists his demands on nuclear material

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