• Tech Giants Among Army's 250th Birthday Parade Sponsors
  
  Technology giants Oracle, Amazon, Coinbase, and Palantir are among the leading sponsors of the events surrounding Saturday's military parade in Washington, which will celebrate the Army's 250th anniversary.
• Trump Approves Nippon-U.S. Steel Deal, Companies Say
  
  President Donald Trump has approved the partnership between United States Steel Corp and Japan's Nippon Steel, the companies said on Friday.
• Supplier Cyberattack Leaves Empty Shelves at Whole Foods Stores
  
  Whole Foods is among retail grocers across the country experiencing shortages after a major supplier was hit by a cyberattack. Rhode Island-based United Natural Foods, Inc. reported the attack on June 5 in a report to the Securities and Exchange Commission.
• Wall Street Ends Sharply Lower as Iran Retaliates Against Israel
  
  Wall Street ended sharply lower Friday after Iran launched missiles at Israel in response to intensive Israeli strikes aimed at crippling Tehran's ability to build nuclear weapons.
• End of Pain Prevention: Germany Slides Into Depression
  
  Germany's economy is spiraling downward at an accelerating pace. Bankruptcies are exploding, and unemployment has quietly crossed the 3 million mark. The government's response? The same tired playbook: more debt, more spending, more control.
• McDonald's Settles Byron Allen's $10B Lawsuit Over Ads in Black-Owned Media
  
  McDonald's has settled a $10 billion lawsuit by the media entrepreneur Byron Allen challenging the fast-food chain's alleged refusal to advertise with Black-owned media.
• Dow Falls 870 Points as Israel-Iran Conflict Escalates
  
  The three major benchmark indexes fell dramatically Friday afternoon after Israel Defense Forces said that Iran launched missiles toward Israel late Friday local time, retaliating against for Israel’s airstrikes against Iran.
• Imports Drop 9% at L.A. Seaport, Busiest in US
  
  Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May, offering insight into how many shipments were canceled or put on hold after President Donald Trump slapped tariffs of 145% on goods from China.
• Vietnam Admitted as BRICS 'Partner Country'
  
  Vietnam has been formally admitted as a "partner country" of the BRICS group of major emerging economies, Brazil's government said Friday, as the bloc presses ahead with an expansion push.
• New $250 Annual Fee for All EVs - Is This Even Fair?
  
  You've just splurged on a shiny Tesla, Rivian, Hummer, Lucid or Chevy Bolt. Maybe you are thrilled to save on gas and shrink your carbon footprint. Then, a bill lands in your mailbox.
• 3 Ways China Is Pulling Ahead in the Innovation Race
  
  China remains one of the most asymmetric opportunities-and threats-in the world today.The prevailing narrative has been to dismiss it as "uninvestable."
• Wall Street Retains Fed Rate Cut Expectations Ahead of Policy Meeting
  
  Most Wall Street brokerages kept their forecasts for rate cuts by the U.S. Federal Reserve unchanged after key economic readings, while investors shifted focus to next week's monetary policy meeting.
• Consumer Sentiment Rises for First Time in 2025 on Tame Inflation
  
  Consumer sentiment increased in June for the first time in six months, the latest sign that Americans' views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China.
• Tesla Upgrades Models S, X Cars, Raises Prices by $5K
  
  Tesla said it upgraded its Model S and Model X cars in the U.S. and raised their prices by $5,000, according to the electric vehicle maker's post on X and its website.
• US Equity Fund Outflows Ease on Cooling Inflation, Trade Deal Optimism
  
  U.S. equity funds witnessed the smallest weekly net disposal in four weeks in the week through June 11 as a smaller than expected rise in consumer prices in May, and a U.S. trade deal with China, eased investor worries.
• Global Airline, Travel Stocks Slide as Israel Strikes Iran
  
  Global airline stocks tumbled in premarket trading Friday as Israel's widescale strikes on Iran drove a more than 9% surge in oil prices and prompted carriers to clear out the airspace over Israel, Iran, Iraq and Jordan.
• CBO: Border Surge Hurt More Than Helped State, Local Economies
  
  Illegal immigration in 2023 cost local and state governments billions more than the tax revenue those same people generated, the Congressional Budget Office (CBO) announced in a report released last week.
• CBO Report: Border Surge Cost States Billions
  
  Illegal immigration in 2023 cost local and state governments billions more than the tax revenue those same people generated, the Congressional Budget Office (CBO) announced in a report released last week.
• Meta Poaches 28-Year-Old CEO of Scale AI
  
  Facebook-owner Meta has invested in Scale AI in a deal that values the data-labeling startup at $29 billion and brings in its 28-year-old CEO, Alexandr Wang, to play a prominent role in the tech giant's artificial intelligence strategy.
• It's Never a Good Idea to Put 401(k) Contributions on Hold
  
  Amid this year's market turmoil, many investors are asking their financial advisers if they should hit pause on 401(k) contributions until things settle down.
• Gold Nears Two-Month High on Safe-Haven Demand
  
  Gold prices rose to a near two-month high Friday, driven by safe-haven demand as geopolitical tensions escalated in the Middle East following Israel's widescale strikes on Iran.
• Dollar Rises in Reprisal of Safe-Haven Role
  
  The dollar rallied Friday, as investors rushed back into the currency in their search for safe-haven assets, including gold, after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
• Oil Surges, Global Stocks Retreat After Israel's Strike on Iran
  
  Oil prices surged while global shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them.
• After Israel Strikes Iran, Airlines Divert Flights, Airspace Closed
  
  Airlines cleared out of the airspace over Israel, Iran and Iraq and Jordan on Friday after Israel launched attacks on targets in Iran, Flightradar24 data showed, with carriers scrambling to divert and cancel flights to keep passengers and crew safe.
• Experts Buck Trending Data on Air Travel Safety
  
  The crash of an Air India passenger jet bound for London on Thursday that killed 241 of the 242 people on board is raising questions about what appears to be an alarming rise in the number of aviation disasters.

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