Former Treasury Secretary Downplays Economic Recession Concerns, Calls Stock Market Pullback a Natural Phenomenon

According to county-level filing documents, SpaceX (SPCX.O) plans to start building a roughly 13-kilometer natural gas pipeline leading to its Texas launch facility next month. The project, dubbed "Starpipe", is designed to help the Elon Musk-founded company boost the launch frequency of its next-generation Starship rockets.

Two senior U.S. officials told The Wall Street Journal that Iran’s Islamic Revolutionary Guard Corps (IRGC) attacked a Singapore-flagged cargo vessel in the Strait of Hormuz on Thursday, a move that tests a U.S.-Iran deal signed last week aimed at de-escalating tensions and reopening the critical waterway. UK Maritime Trade Operations (UKMTO) said the attack damaged the vessel’s bridge but caused no casualties. The attack occurred off the coast of Oman, hours after Iran’s paramilitary navy warned vessels against using unapproved shipping lanes. The UN shipping agency stated it has temporarily suspended evacuation plans for vessels and crew stranded in the Strait of Hormuz region following the incident. The vessel attacked in the Gulf of Oman on Thursday was not traveling under the agency’s evacuation framework. The UN’s evacuation plans for the Strait of Hormuz will remain on hold until further clarity is obtained.

Microsoft stated that the costs of host storage and memory have risen more than 2.5-fold. It projects that these related costs will double again by fall 2027. Earlier, Apple and Microsoft successively announced price hikes for their hardware products, a move the market interprets as an early signal that surging demand for AI computing power has driven up storage chip costs, which are eventually being passed on to consumers.

Apple and Microsoft have successively announced price hikes for their hardware products, which the market interprets as an early signal that surging demand for AI computing power is driving up storage chip costs and eventually passing those costs to consumers. For Apple, the starting price of the MacBook Neo has been raised from $599 to $699, the MacBook Air to $1,299, and the MacBook Pro to $1,999. The iPad Pro’s price has jumped sharply from $999 to $1,199, while the iPad Air is adjusted to $749. For Microsoft, just hours after Apple’s announcement, the tech giant followed suit, raising prices for its Xbox gaming console line citing rising storage chip costs: the 512GB Xbox Series S is up $100 to $499; the 1TB Xbox Series S and 1TB Xbox Series X each increased by $150, adjusted to $599 and $799 respectively; the Xbox Series X Digital Edition also rose to $749. Analysts point out that the root cause of this round of price hikes is that massive capital spending on AI continues to boost demand for storage chips such as HBM and NAND, leading to tighter supply and higher costs for chips needed in consumer electronics. The two tech giants’ successive hardware price hikes in a short span are viewed by the market as the start of an "AI-driven consumer electronics price surge", and whether other hardware makers will follow suit is under close watch.

According to HTX market data, Bitcoin rebounded this morning to break through the $60,000 mark, with its 24-hour decline narrowing to 1.31% and currently trading at $60,104. The cryptocurrency once dipped to near the $58,000 level last night, and market panic has since eased slightly.

Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.