Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

June 6 – Iran’s Ministry of Foreign Affairs issued a statement strongly condemning U.S. military strikes targeting radar and coastal surveillance facilities in Iran’s Sirik region and Qeshm Island. The statement labeled the attacks a “flagrant violation” of the ceasefire agreement and a deliberate act of military aggression against Iran’s sovereignty and territorial integrity. Tehran’s foreign ministry noted that repeated U.S. violations of the ceasefire further confirm Washington is not only refusing to de-escalate tensions and restore stability in the region, but is instead recklessly endangering regional security with its actions. The U.S. government will bear full responsibility for all consequences arising from these moves and any potential escalation of the situation. The ministry reaffirmed Iran’s inherent right to self-defense, adding that Iran is ready to deploy all its capabilities and resources to protect its national sovereignty, security and interests.

June 6: The semiconductor sector faced a sharp pullback, pushing the Cboe Volatility Index (VIX) — Wall Street’s well-known “fear gauge” — up nearly 40% in one day, its largest single-day gain since March. The VanEck Semiconductor ETF (SMH) fell almost 10% intraday, ending a two-month rally that had lifted it by roughly 80%. Friday’s trading saw a record 7.8 million contracts traded in S&P 500 options, a 16% increase from the prior April high. Meanwhile, the 10-year Treasury yield rose on strong nonfarm payroll data, sparking a big jump in demand for put options on long-term Treasury ETFs (TLT) as well as investment-grade and high-yield bond ETFs. Brent Kochuba, founder of options analysis platform SpotGamma, pointed out that the recent abnormally high premium of single-stock options relative to index options is adjusting, signaling overheated chip stocks need a cool-down. Danny Kirsch, head of options at Piper Sandler, added that a large amount of leveraged ETF funds are concentrate

June 6 — The so-called "Stock God" Serenity shared in a post that they’re bullish on semiconductor foundry XFAB (also known as PhotonixFAB), arguing the company has what it takes to become the next early-stage TSEM (Tower Semiconductor). Right now, its market cap sits around $1.4 billion — a valuation that doesn’t yet account for its long-term upside in the Co-Packaged Optics (CPO) space. Serenity noted XFAB is gearing up for a major commercial turning point in CPO by the second half of 2027, leveraging technologies like Mask Transfer Printing (MTP) and Thin Film Lithium Niobate (TFLN). ASX filings also list PhotonixFAB as a key player in the CPO segment. They added that NVIDIA is currently testing XFAB’s transceiver and switch solutions to verify if they’re feasible for mass production, with Nokia handling the associated specification development and assembly. If the European supply chain — including Smartphotonics — works as planned, XFAB could land long-term orders from NVIDIA, fo

On June 6, stablecoin issuer Tether announced it has appointed a new independent director to the board of Bitcoin reserve firm Twenty One Capital (XXI) to fill an open audit committee seat. The company confirmed the appointment meets independence standards laid out by the U.S. SEC’s Rule 10A-3 and NYSE listing requirements. The vacancy emerged after Tether acquired SoftBank Group’s stake in XXI on May 20. Once their shared governance agreement ended, all SoftBank-nominated directors resigned—including one audit committee member. Twenty One Capital currently holds over 43,500 Bitcoins and operates as a vertically integrated Bitcoin company, with business lines spanning mining, asset reserves, capital markets, and financial services. Tether CEO Paolo Ardoino noted XXI is building what will be one of the world’s leading Bitcoin enterprises. “Our top priority here is ensuring the board has an independent oversight framework compliant with SEC and NYSE rules, to match the strength of it

WASHINGTON, June 6 — The U.S. House of Representatives passed a war powers resolution this week, with 215 votes in favor and 208 against, that demands President Trump halt military actions against Iran conducted without congressional approval. Four Republican lawmakers crossed party lines to join Democrats in advancing the measure. Even though the House cleared the resolution, it is a concurrent resolution — a type that, even if approved by the Senate, carries no legal force, leaving Trump under no obligation to abide by its terms. White House officials have labeled such concurrent resolutions inherently unconstitutional, stating Trump will continue acting under his constitutional authority as commander-in-chief. Trump later posted on Truth Social to characterize the vote as “meaningless,” accusing Democratic supporters of the resolution and the four GOP defectors of seeking to undermine his authority during Iran war negotiations. Per standard procedure, the House-passed resol

WASHINGTON, June 6 — Former U.S. President Donald Trump renewed his criticism of the 2015 Iran Nuclear Deal (JCPOA) in a recent interview, calling the agreement "almost equivalent to giving Iran a nuclear weapon." He added that any future U.S.-Iran nuclear deal would be "far superior to the Obama-era agreement." However, several U.S. non-proliferation experts point out that while the JCPOA was not flawless, it successfully constrained Iran’s uranium enrichment activities and established the strictest international nuclear inspection mechanism to date. Ernest Moniz, former U.S. Secretary of Energy, noted that the agreement’s most significant achievement was a major boost in transparency, granting the International Atomic Energy Agency (IAEA) unprecedented oversight of Iran’s nuclear facilities. Reports indicate that after the Trump administration withdrew from the JCPOA in 2018, Iran gradually breached the pact’s restrictions, significantly expanding its enriched uranium stockpile and