Good morning.
The Fast Five → Iran war drives US inflation to 3-year high, yet consumer spending picks up despite, Apple raises prices due to memory chip shortage, Palantir stock nears fresh low amid freefall, JPMorgan shakes up Dimon succession race…
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(from InvestorPlace)
Calendar: Full Calendar »
Today:
Revised Consumer Sentiment, 10A
Revised Inflation Expectations, 10A
Monday:
None watched
Your 5-minute briefing for Friday, June 26:
BEFORE THE OPEN
As of market close 6/25/2026.
Pre-Market:
Market Wrap:
DowDow +72 (+0.14%), S&P -0.01%, Nasdaq -0.46%
Nasdaq posted its first four-day losing streak since February
Investors rotated into healthcare, financials and industrials
Apple fell 6%; Microsoft lost more than 3%
Asian markets were broadly lower, led by South Korea
Rising Fed expectations continued to pressure tech stocks
Futures were little changed after the close
EARNINGS
None watched today. Full earnings calendar »
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HEADLINES
US inflation hit its highest level in three years in May, as the war in the Middle East drove energy prices higher across the country.
CEO Tim Cook said Apple could no longer protect its customers from higher prices stemming from the global memory chip shortage.
Wall St ends mixed as tech megacap declines outweigh chip outlook (more)
US invests $250M in billionaire's startup for chip making (more)
US consumer spending picks up as inflation hits three-year high (more)
Gold steadies near $4,000 as inflation data eases rate-hike bets (more)
Micron soars 15% after blockbuster earnings, lifting some chip stocks (more)
Apple shares sink after sweeping price hikes (more)
Palantir stock nears fresh low amid freefall (more)
Wendy’s turns lower as meme rally fails to extend to a second day (more)
JPMorgan shakes up Dimon succession race with two new presidents (more)
Trump sons invested in private fund making millions on microcaps (more)
Ferrari marketing boss quits just weeks after EV launch backlash (more)
Thai billionaire’s family buys $800M assets from Frasers (more)
DEALFLOW
M+A | Investments
ON Semiconductor strikes $7 billion deal for Synaptics
Optimeos Life Sciences receives investment from Hatch BioFund
VC
Airwallex, a financial platform for modern businesses, raised $320M in Series H funding
Runpod, an AI developer cloud company, raised $100M in funding
Sail Research, an infrastructure company built for long-horizon AI agents, raised $80M in Seed and Series A funding
Oblenio Bio, a company specializing in the treatment of autoimmune diseases, raised $62M in Series B funding
Arca, an AI-native wealth management company, raised $48.5M in Series A funding
xCures, a ealthcare data company focused on improving healthcare outcomes solutions, raised $46M in Series B funding
Upside, a housing stability platform purpose-built for healthcare, raised $20M in Series A funding
Onyx Odds, a social sports prediction platform provider, raised $20M in Series A funding
Netris, a network automation and multi-tenancy for AI infrastructure, raised $15M in Series A funding
Sazabi, an AI-native observability platform for fast-moving engineering teams, raised $8M in Seed funding
Neurometric AI, an AI infrastructure company helping businesses control the cost of agentic workloads, raised $4M in funding
Platformr, a CloudOps automation platform built for AWS environments, raised an undisclosed amount in funding
CRYPTO
BULLISH BITES
Why Micron's momentum spells trouble for Apple.
How to find the next meme stock.
Luxury spending now driven by experiences and ‘inheritourism’.
A veteran Apple designer reimagines the golf cart.
DAILY SHARES
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