Key News
1. Trump: Negotiations will be terminated if Iran charges ships passing through the Strait of Hormuz.
2. Pakistani Foreign Ministry: US-Iran technical talks will resume on June 30.
3. Oman opens temporary shipping lane in the Strait of Hormuz.
Individual Stock News
1. Sources: Qualcomm (QCOM.O) is in talks with ByteDance to provide custom chip design services.
2. Google A (GOOGL.O) will replace Verizon (VZ.N) in the Dow Jones Industrial Average before the market opens on June 29.
3. Nokia (NOK.N) expands its partnership with Amazon Web Services to launch an autonomous network built for the age of artificial intelligence.
4. SoftBank CEO Masayoshi Son: Intel's (INTC.O) manufacturing role is crucial; tech giants are seeking to surpass TSMC (TSM.N).
5. SK Hynix Inc. plans to raise approximately 45.45 trillion won (US$29.4 billion) through an American Depositary Receipt (ADR) offering on the Nasdaq Stock Exchange, with trading expected to commence on July 10.
6. Cerebras (CBRS.O) reported a 94% surge in first-quarter sales to US$193.4 million, with a loss of US$14 million, better than the market's expected loss of US$58.6 million. The company projects revenue of US$855 million to US$865 million for 2026.
7. FedEx (FDX.N): Revenue for the fourth fiscal quarter ending May 31 increased 12.6% year-over-year to US$25 billion, but the company's overall profit margin fell to 8.4%, below analysts' expectations. The company projects adjusted earnings per share of US$16.9 to US$18.1 for 2026.
8. Take-Two officially announced that it will price Grand Theft Auto VI at $79.99.
