Iran ceasefire frays, tech selloff, AI price war, China rare earths

Israel and Iran halt mutual strikes but Hormuz dual blockade holds, oil under $90

Tech selloff hits June 9: S&P down 1%, Nasdaq down 2% as money rotates out of AI

The S&P 500 fell 1% to 7,330 on June 9, its lowest since May, and the Nasdaq 100 dropped 2% as investors rotated out of the heavyweight AI trade. Nvidia, Oracle and AMD lost between 1% and 3%.

Anthropic ships Claude Fable 5, its most capable model, at less than half the prior price

Anthropic released Claude Fable 5 to the public, a Mythos-class model it calls its most capable yet, and priced both Fable 5 and Mythos 5 at…

Nvidia and SK hynix forge memory pact as SIA sees AI chip revenue topping $1.2T by 2028

Nvidia and SK hynix announced a multiyear partnership to co-develop next-generation memory aligned with Nvidia's roadmap — spanning Vera Rubin AI supercomputers, Vera CPUs, RTX Spark PCs and Jetson Thor robotics.

Apple withholds new Siri AI from the EU, blaming Brussels antitrust rules

Apple confirmed its new Siri AI assistant will not launch in the European Union, citing Digital Markets Act constraints — the first time a flagship Apple AI feature has been geofenced out of a 450-million-person market for regulatory reasons.

China widens rare-earth and dual-use export curbs on Japan over Taiwan remarks

China has expanded export controls on rare earths and dual-use goods to Japanese military users, retaliation for Prime Minister Sanae Takaichi's remarks on Taiwan.

House passes roughly $70 billion immigration enforcement bill, cementing Trump agenda

The US House passed a bill providing roughly $70 billion for immigration enforcement, a marker of a GOP caucus continuing to endorse President Trump's immigration agenda.

House bill caps first union contract talks at 90 days, allowing government intervention

The House approved a bill slashing the time newly unionized workers have to secure a first contract, permitting government intervention if no deal is reached within 90 days.

Magnitude 7.8 quake strikes the Philippines, the strongest since 1990

A magnitude 7. 8 earthquake struck the Philippines on June 8, the country's strongest since 1990.

Bundibugyo Ebola hits 344 cases and 60 deaths in DRC and Uganda as WHO declares PHEIC

The DRC and Uganda have recorded 344 confirmed Bundibugyo Ebola cases and 60 deaths, with 116 suspected cases under investigation, after the WHO declared a public health emergency of international concern on May 17.

Russian missile and drone strike on Kharkiv Oblast kills at least 10, injures 106

A Russian missile and drone attack on Ukraine's Kharkiv Oblast killed at least 10 people and injured 106, one of the deadlier strikes in recent weeks.

Vatican June consistory weighs AI encyclical and an update to just-war doctrine

Pope Leo XIV convened a June consistory of cardinals to discuss the international situation, a possible updating of just-war doctrine, his AI encyclical Magnifica Humanitas, and the synodal process.