JH Kim

The Congressional Budget Office warned that the federal government's fiscal position is deteriorating, with markets focused on the prospect of a wider deficit and increased Treasury issuance. Walter Bloomberg reported on June 8 that the CBO estimates

Goldman Sachs projects that the 2026 FIFA World Cup in North America will provide a short-term boost to US employment and economic growth. Markets are focused on how the large international sporting event could affect the US economy. On June 8, Goldm

Bank of America said warning signs are mounting that U.S. stocks may be nearing a peak, and urged investors to take some profits. The call comes as markets debate whether the recent rally has left equities overheated. Walter Bloomberg reported on Jun

The U.S. Defense Department has released a list of companies set to be designated as Chinese Military Companies. Markets are watching whether the move brings renewed attention to U.S.-China tensions over technology and security. Walter Bloomberg repo

The chief technology officer of hardware wallet maker Ledger said the high cost of complying with the European Union’s Markets in Crypto-Assets regulation, or MiCA, is stifling innovation in the Web3 industry. CoinDesk reported on June 8 that Ledger’

The three major US stock indexes traded higher. As of 1:33 a.m. on June 9, the Nasdaq Composite had risen 1.65% from the previous close to 26,133.56. The Dow Jones Industrial Average was up 0.23% at 50,981.84, while the S&P 500 advanced 0.91% to 7,45

Elon Musk's SpaceX plans to close book-building for its initial public offering after the US market closes on Wednesday, according to a report. Investors are closely watching the company's listing timeline and valuation. Walter Bloomberg reported on

Israeli Prime Minister Benjamin Netanyahu said Israel would respond forcefully if Iran attacks the country again. Markets are watching for signs of renewed tensions between Israel and Iran. Walter Bloomberg reported on June 8 that Netanyahu said, "If

Israel Defense Minister Israel Katz dismissed Iran’s warning to stop military operations in Lebanon, underscoring market concern that fighting between Israel and Hezbollah could intensify again. Walter Bloomberg reported on June 8 that Katz rejected

Mohammad Bagher Qalibaf, Iran’s negotiator, criticized the US maritime blockade on Iran and Washington’s support for Israel, warning that American and Israeli assets in the Middle East could be targeted. Markets are watching for a renewed escalation

President Donald Trump dismissed the prospect of a Federal Reserve rate increase and renewed his call for lower borrowing costs. Markets are watching the Fed’s policy path and the degree of pressure from the White House. Walter Bloomberg reported on

President Donald Trump said the US would not offer an upfront release of Iran’s frozen assets or preemptive sanctions relief as part of any potential agreement with Tehran. The frozen-assets dispute remains a key sticking point in US-Iran negotiation

Bitcoin briefly climbed back above $61,000. As of 5:33 a.m. on June 6, Bitcoin was trading at $61,158.23 on Binance's USDT market, down 3.70% from 24 hours earlier.

The three major US stock indexes closed lower on June 6. The Nasdaq Composite fell 4.18% from the previous session to 25,709.43. The Dow Jones Industrial Average closed 1.35% lower at 50,866.78, while the S&P 500 ended down 2.64% at 7,383.84.

President Donald Trump said he would not object if Kevin Warsh, as Federal Reserve chair, were to cut interest rates. His comments come as markets closely watch the next Fed leadership lineup and the direction of monetary policy. Walter Bloomberg rep

Illinois is advancing a bill that would impose a 0.2% tax on cryptocurrency transactions. Industry participants say the levy and criminal penalties could undermine the sector’s competitiveness. Cointelegraph reported on June 5 that the Illinois Senat

US Energy Secretary Chris Wright said the US plans to expand the Strategic Petroleum Reserve after the Iran-related conflict ends. Markets are watching the implications for US energy security policy and the outlook for crude supply. Walter Bloomberg

President Donald Trump has ordered broad workforce cuts across US intelligence agencies, according to a report. Markets are watching for possible changes to the federal government's restructuring drive and the national security apparatus. Walter Bloo

Talks between the US and Iran have stalled over differences on releasing Iran’s frozen assets, an adviser to Iran’s supreme leader said. Markets are watching whether the two sides can reach a deal and whether tensions in the Middle East may ease. CNN

The three major U.S. stock indexes turned lower. The Nasdaq Composite was down 2.63% at 26,125.34 as of 1:10 a.m. on June 6. The Dow Jones Industrial Average fell 0.71% to 51,195.85, while the S&P 500 dropped 1.58% to 7,464.21.

Rep. Brad Sherman, one of Congress’s most prominent cryptocurrency critics, has strongly opposed proposals for the US government to make payments in stablecoins. The debate over the use of stablecoins in the public sector is widening. Decrypt reporte

The US House Ways and Means Committee has released drafts of seven tax bills that would broadly reshape how digital assets are taxed in the US. The proposals have fueled expectations that the country’s tax treatment of crypto could become more favora

Negotiations to renew the U.S.-Mexico-Canada Agreement are set to extend beyond the July 1 deadline, fueling uncertainty over North American trade rules and tariff policy. Walter Bloomberg reported on June 5 that the U.S., Mexico and Canada are unlik

The CLARITY Act, a key U.S. cryptocurrency regulation bill, is running into last-minute resistance ahead of a Senate floor vote. Markets are now watching for a possible delay in the bill’s passage. CoinDesk reported on June 5 that the outlook for a S

Patrick Witt, a White House adviser on digital assets, called the CLARITY Act a “pro-regulation” and “pro-law enforcement” bill as the measure remains at the center of a political fight in Washington. CoinDesk reported on June 4 that Witt told an ind

U.S. stocks closed mixed on June 5, with the Nasdaq Composite slipping 0.09% from the previous session to 26,830.96. The Dow Jones Industrial Average rose 1.73% to 51,562.30, while the S&P 500 gained 0.41% to 7,584.82.

Jeff Schmid, president of the Federal Reserve Bank of Kansas City, said US inflation remains too high, reinforcing market expectations that the Federal Reserve could delay interest-rate cuts. Walter Bloomberg reported on June 4 that Schmid said "infl