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Iran-U.S. Ceasefire Deal Lifts Markets as SpaceX (NASDAQ: SPCX) IPO Fuels Tech Rally

A potential U.S.-Iran ceasefire extension sent markets higher as negotiators finalize a memorandum of understanding. The deal, expected to be signed by June 19, would reopen the Strait of Hormuz to shipping and lift the U.S. Blockade on Iranian ports.

Nitish Kishor | 17 June 2026

Fox (NASDAQ: FOXA) Bets $22 Billion on Roku (NASDAQ: ROKU) to Reshape Streaming Future

The deal aims to combine Fox’s content library with Roku’s streaming hardware and advertising technology. Analysts suggest the move could help Fox reduce reliance on traditional cable distribution. Roku’s stock, meanwhile, saw modest gains as traders weighed the deal’s potential to unlock new revenue …

Nitish Kishor | 17 June 2026

Fortinet (NASDAQ: FTNT) Teams With NVIDIA (NASDAQ: NVDA) to Secure AI Workloads on GPU Infrastructure

The collaboration, unveiled on May 12, focuses on integrating Fortinet’s FortiAIGate platform with NVIDIA’s computing infrastructure. This move aims to provide enterprises with enhanced protection for AI workloads in both data centers and cloud environments. By applying zero-trust principles, the platform prevents unauthorized access …

Nitish Kishor | 17 June 2026

Eaton (NYSE: ETN) Shares Jump 10% on Data Centre Power Demand Surge

The stock closed at $407.71 on June 16, 2026, reflecting growing confidence in its ability to capitalise on energy-efficient solutions for high-growth sectors. Analysts point to Eaton’s expanding order book as evidence of structural demand shifts in AI-driven computing. The figures marked a new …

Nitish Kishor | 17 June 2026

Dan Loeb Takes $40.8M Stake in Hut 8 (TSX: HUT) as AI Data Center Shift Accelerates

The 869,563-share position reflects a growing trend among hedge funds to capitalize on the surging demand for data center capacity driven by artificial intelligence. Hut 8’s dual revenue streams, Bitcoin mining and AI hosting, position it uniquely in a sector where power availability and …

Nitish Kishor | 17 June 2026

China Accelerates AI Safety Push as G7 Excludes Beijing From Global Talks

China has unveiled a white paper outlining its vision for artificial intelligence safety and global cooperation. The document underscores Beijing’s ambition to play a central role in shaping international AI governance, even as Western-led forums like the G7 advance their own regulatory agendas. The …

Nitish Kishor | 17 June 2026

Copart (NASDAQ: CPRT) Faces Headwinds as Renaissance Investment Exits Position

Renaissance Investment Management exited its Copart (NASDAQ: CPRT) position after identifying sustained pressures in the company’s salvage auction operations. The firm’s Q1 2026 commentary pointed to shifting consumer trends, where higher insurance costs have led some policyholders to reduce or eliminate collision coverage. This …

Nitish Kishor | 17 June 2026

EU-India Free Trade Deal Set for 2026 Signing, EU Chief Confirms

The announcement, made by a senior EU official, marks a decisive step in negotiations that have faced repeated delays. While details remain under discussion, the pact is expected to address tariff reductions, intellectual property protections, and regulatory alignment. European manufacturers may gain improved access …

Nitish Kishor | 17 June 2026

Iranian Vessels Navigate Restricted Waters, Drawing Global Attention

Iranian-flagged tankers have been observed transiting through waters where navigation is closely tracked, according to recent reports. The vessels, which had previously faced restrictions, carried cargo that could have implications for regional trade. Analysts suggest this may indicate a change in operational approaches or …

Nitish Kishor | 17 June 2026

Federal Reserve Keeps Rates Steady at 3.5%-3.75%

The Federal Reserve left its benchmark federal funds target range unchanged at 3.5% to 3.75%. The decision was accompanied by the release of economic projections. Market participants saw the hold as a response to mixed data.

Nitish Kishor | 17 June 2026
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