📈 Stocks / Finance

Momentum stocks fuel market’s rebound near all-time highs

Yahoo Finance

S&P 500 is within 2% of record highs, driven by AI and recent IPO momentum trades. BofA data shows 66% of fund managers expect a soft landing. Value stocks underperform, but historical data suggests potential reversal. Sentiment has recovered since April’s tariff fears.

Tesla shares dip on paused production and robotaxi controversy

CNBC

Tesla stock fell ~4% after reports it will halt Cybertruck and Model Y production in Austin for a week starting June 30. The pause comes days before its June 22 robotaxi launch using upgraded FSD tech, which has sparked protests over safety and Musk’s political ties.

Oil Stocks Gain as Airlines Slide on Middle East Tensions

Investopedia

WTI crude rose 4% to $75 amid Israel-Iran conflict. Valero gained 3.4%, Chevron and others rose over 2%. Trump's Truth Social posts fueled supply concerns. United and Delta fell 5% and 4% as rising fuel costs pressured airline stocks.

🪙 Crypto

XRP On-Chain Activity Hits 2025 Peak Amid Whale Accumulation

Yahoo Finance

Active XRP addresses surged from a 3-month avg of 40K to 295K, the highest in 2025. Whale wallets holding ≥1M XRP hit a record 2,700. XRP trades at $2.23, with technicals suggesting short-term resistance at $2.30 and upside toward $2.60 if momentum holds.

🌎 Global Economy

US–China Finalize High-Tariff Trade Deal

World Economic Forum

The US and China agreed to a new trade deal with US tariffs rising to 55% on Chinese goods, while China maintains 10%. US seaborne imports from China fell 28.5% YoY in May. The World Bank cut its 2025 global growth forecast to 2.3% due to ongoing trade tensions.

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