SpaceX will acquire the parent company of Cursor, valuing the equity at $60 billion.

June 16 — Robotech’s indirect, wholly-owned subsidiary ficonTEC (100% group ownership) today announced continued progress in its partnership with NVIDIA. The two companies are jointly developing scalable manufacturing and testing solutions for next-generation co-packaged optics (CPO) and AI-powered optical interconnect infrastructure. This collaboration leverages NVIDIA’s leading advantages in AI infrastructure and CPO architecture alongside ficonTEC’s 25 years of expertise in high-precision photonics device alignment, automated assembly, and optical testing systems. Together, the pair is advancing advanced manufacturing and testing methods to accelerate the industrialization of next-gen silicon photonics devices and optical engines tailored for hyperscale AI data centers. ficonTEC noted that this partnership highlights the critical role of a robust advanced photonics manufacturing ecosystem. The company emphasized that future large-scale AI infrastructure deployments will increasing

June 16 – According to Jiemian News, SK hynix issued an evening statement addressing a market rumor titled “SK hynix’s Plan for Trillion KRW Shareholder Return,” noting that the massive return scale mentioned in the rumor is incorrect. The South Korean chipmaker further explained that it is exploring various options to boost shareholder value, but has never discussed specific details such as the shareholder return scale referenced in the report.

June 16: A U.S. bank’s June Global Fund Manager Survey shows investors broadly expect the Federal Reserve to hold interest rates steady at its Wednesday policy meeting. About 55% of respondents anticipate a "hawkish hold"—meaning rates will stay unchanged, with Fed Chair Jerome Powell signaling rates will stay elevated for an extended period. Another 33% foresee a "dovish hold," where Powell keeps the possibility of future rate cuts on the table.

On June 16, Bloomberg reported that Flutterwave, one of Africa’s most valuable fintech startups, has sold a stake in its business to blockchain company Ripple, a move aimed at expanding its payment operations and advancing a strategic partnership with Ripple. Flutterwave CEO Olugbenga Agboola stated in an interview that Ripple’s investment values Flutterwave at $3.3 billion. He declined to disclose either the specific amount of Ripple’s investment or what percentage of ownership the blockchain firm will hold in Flutterwave after the deal closes. Flutterwave is one of Africa’s largest payment infrastructure providers, offering cross-border payment processing, receivables management, and other financial service solutions to businesses across the continent. For Ripple— which has been scaling its footprint in global payment networks and stablecoin markets in recent years—this investment marks a key milestone to further penetrate Africa’s fast-growing payments sector.

PARIS, June 16 (Xinhua) — U.S. President Donald Trump said June 16 that Russia should reach an agreement with Ukraine. That same day, the first working session of the G7 summit, held in évian-les-Bains, France, centered on the Ukraine crisis. Speaking to reporters after the session, Trump noted the Russia-Ukraine conflict has resulted in heavy casualties, and pledged he will "do everything possible" to resolve the conflict.

June 16 – Wintermute’s latest weekly market report attributes the rebound in risk assets to two key positive drivers. First, U.S. May CPI rose 4.2% year-over-year, marking the third consecutive monthly acceleration and hitting its highest level since 2023. Crucially, the print came in line with market expectations, easing investor fears about inflation spiraling out of control. Meanwhile, core CPI fell to 2.9%, signaling energy-driven inflation pressures may be peaking rather than spilling over into the service sector or fueling wage growth. Second, the over 100-day Iran conflict has ended, with U.S. President Donald Trump approving the resumption of navigation through the Strait of Hormuz and lifting the maritime blockade. A formal agreement is set to be signed in Switzerland on June 19. As geopolitical risk premiums rapidly faded, Brent crude oil dropped from around $110 to the $80 range, falling another 6.6% this week. Concurrently, both the U.S. Dollar Index and U.S. bond yields d