WS #9465
No material new developments in the last 30 minutes. The dominant US-Iran escalation narrative remains unchanged, with no counter-signals or de-escalation reported. Oil prices and risk-off sentiment persist as previously described.
Key developments
- Trump warns Iran will 'pay the price' as US-Iran hostilities escalate; oil prices surge
- US May CPI hits 4.2% year-over-year, a three-year high, driven by energy prices
- Bank of Canada holds rate at 2.25%, citing weak activity and trade uncertainty
- Amazon opens LTL trucking to all businesses, sending freight stocks lower
- Salesforce cutting jobs across AI agent and cloud software teams
- Robinhood CEO says company approved as IPO underwriter; May volumes up YoY
- Tesla robotaxi fleet totals just 59 vehicles despite Musk promises
- Sen. Warren urges SEC to delay SpaceX IPO, citing valuation and governance risks