One sector-rotation model gained 114% in a year

President trump says everybody is fully aware that iran will agree to have major weapons inspections in order to ensure “nuclear honesty” long into the future

U.S. house committee on energy and commerce reaches agreement on kids internet and digital safety act

Peter schiff warns california’s proposed billionaire tax could trigger a ‘mass exodus’ of entrepreneurs like mark zuckerberg

Nbc news reported former fed chair alan greenspan, dies at 100

Vice president vance said iran talks made a lot of good progress, iranians agreed to invite iaea inspectors back, strait is open

Reuters reported pakistan pm sharif said first high-level committee meeting between iran and U.S. concluded in switzerland

Stock market today: s&p 500, dow future drop as trump threatens 'toll' collection at strait of hormuz—getty images, intel, hyperscale in focus

Mark zandi says top 20% of americans now account for nearly 60% of spending as bottom 80% fall behind inflation

Us treasury is a 'giant ponzi'? peter schiff warns there is no ‘easy fix’ left for $40 trillion national debt

Kalshi passes $2b in annualized revenue, is in early ipo talks'- the information

White house talks with anthropic shift to setting ai security rules' - politico

Iran's supreme leader says he authorized deal, direct talks with U.S.' - axios

President trump posts on truth social "the united states is committed to peace, and we encourage everyone in the middle east region to maintain their commitment to allowing our negotiations to beautifully unfold. the markets are loving what is happening with oil prices way down, and stocks way up. we expect a complete ceasefire on all fronts, including lebanon, hezbollah, and israel."

Iran's supreme leader mojtaba khamenei issues a written message, says gave permission to mou after iranian president and other officials insured him they accept responsibility of 'safeguarding of the rights of the iranian nation and the resistance front'

Iran's supreme leader mojtaba khamenei issues a written message; says he had different view regarding mou with U.S. but due to commitment to iranian president and other members of supreme national security council, i issued permission; says future in-person negotiations that are going to take place do not mean accepting 'the enemy's point of view'; says if the american side wants to be too demanding, we will not accept it

U.S. baker hughes oil rig count +0 to 433 (unchanged); U.S. baker hughes natgas rig count +1 to 122; U.S. baker hughes total rig count 563 vs 562 prior

Nasdaq 100 rallies, oil sinks to $75 on iran peace deal

White house press briefing with vice president jd vance on lebanon component of iran deal, says expect both sides to honor deal; will have to manage flare-ups through diplomacy; eventually want to see lebanese gov't police southern lebanon; israelis have to respect this peace process; attacks on civilians in beirut not acceptable; on israeli critics of the trump's iran deal, says might not want to attack only ally, wake up and smell the reality israel is

U.S., iran to negotiate release of iran's frozen funds; final U.S., iran deal to be endorsed by united nations security council resolution

Once final deal reached, U.S. to remove forces from proximity of iran within 30 days; U.S., regional partners to develop $300b reconstruction, economic development plan for iran; iran to ensure safe passage of commercial vessels at no charge in strait of hormuz for 60 days; as part of final deal, U.S. will terminate sanctions on iran; iran says it will not procure or develop nuclear weapons; U.S. to issue waivers for export of iranian oil

White house provides text of interim U.S.-iran agreement to congress; us, iran declare immediate, permanent end to military operations on all fronts, including lebanon; U.S., iran commit to negotiating a final deal within 60days, can extend timeframe if both agree; U.S. to fully end naval blockade on iran within 30 days

White house press briefing with vice president jd vance on iran sanctions, says we did not see that as a major concession in deal; we'll be able to see how iran sends and receives money; confident that we can temporarily lift without congress

White house press briefing with vice president jd vance on iran, says final negotiations will set terms for after 60 days

White house press briefing with vice president jd vance, says expects both sides of lebanon and israel to honor deal

White house press briefing with vice president jd vance on iran's nuclear weapons, says they would have to get a lot of money to rebuild program

White house press briefing with vice president jd vance on iran, says we do expect as part of final deal iran won't have missiles that threaten entire world

Federal regulators back trump's plan to speed power to energy-hungry ai data centers' - ap

White house press briefing with vice president jd vance, says 12.5m barrels of oil moved overnight

Us leading index (mom) for may 0.1% vs 0.1% est.

Federal reserve board requests comment on proposal to require certain payment stablecoin issuers to maintain an effective customer identification program

Philadelphia fed manufacturing index for june 10.3 vs 9.8 est.

Philly fed employment for june 7.9 vs -2.8 prior

USA continuing jobless claims 1,810k vs 1,800k est.

USA initial jobless claims 226k vs 225k est.

Forget the june fed pause: citadel warns 'second-round effects' will force a september rate hike

Stock market today: dow jones, nasdaq 100 futures surge following sharp sell-off as fed kept rates unchanged—freecast, smith & wesson in focus

President trump posts on truth social "the technology the world relies on was invented in america. we all remember "intel inside." stupid presidents took our economy for granted, and let taiwan and others steal our semiconductor factories. they forgot to protect our industries with tariffs. when i won my second term (third, actually!), it was clear america needed its semiconductor industry to come back to the U.S.a. we design everything, but we need to build it here, now! so i decided to help intel"

Axios correspondent barak ravid posts on x "breaking: U.S. and iran have signed the mou for ending the war electronically on wednesday and it is now in effect, two U.S. officials told me"

Iranian state media cites iran's top negotiator qalibaf saying per the mou, $300b has been allocated to be invested in iran, part of which will be spent on reconstruction

Iranian state media cites iran's top negotiator qalibaf saying strait of hormuz will not return to pre-war conditions but this does not mean acting against international laws or maritime navigation

Warsh's hawkish fed debut shocks markets: 'this committee will deliver price stability'

A house judiciary subcommittee will hold a june 24 hearing to examine U.S. airline competition and regulation following spirit airlines' collapse' - devdiscourse

Fed holds rates steady; retail sales remain resilient

The U.S. commits to grant iran access to its frozen funds within the implementation of the mou

New fed chair kevin warsh says the fomc made a commitment to deliver projections, expect to live up to that; by end of this year would not be surprised if there is a new communications framework, changes to sep; until then would continue to expect colleagues to continue to submit; some think it's okay, heard a lot of interest in real reform on sep; our credibility requires delivering on promises in all areas; will deliver on price stability objective

Asked about fed headquarters building renovations, says he has met with inspector general; inspector general will be coming out with a report later this summer; on renovations, will do what we can to be good stewards of taxpayer money; my read of what i heard in the room, refleced in projections, was that half of colleagues felt rates should be lower and half should be higher; will know more when meet in six weeks

New fed chair kevin warsh says hard to say policy is restrictive anywhere but in housing; i don't believe we have a cruel choice between full employment, stable prices; have work to do on price stability front; says none of 19 at table felt we needed to tighten today; demand side on ai is being counted; less certain about the supply side; amibition is not to overhaul system of national accounts

New fed chair kevin warsh says markets, public must know fed will deliver on price stability; need to make sure changes in oil, eggs, beef etc. don't broaden in the economy; have met with bessent three times so far; weekly meetings with treasury secretary are very useful; what happens in mideast does have effect on our day job, even though it isn't our responsibility; committee discussed productivity, ai today, ai is filled with opportunity, risks; effect of policy is uneven

New fed chair kevin warsh says only one policy proposal was on the table today, very little discussion on it, no discussion of any other proposals; had a good family fight on it for a couple days; we are not outsourcing decisions, task forces will make recommendations; we've given markets a new chapter for the central bank; this is a lot of change for financial markets to digest; won't be particularly intrigued by how markets react in first minutes, days