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Fitch Ratings said an AI-led market collapse could send U.S. share prices down 35% over six months and push the economy into recession. Its stress test also assumed a 15% drop in overseas stocks and a sharp pullback in AI investment and business confidence.
US Military Launches Strikes On Iran For Second Straight Day - US, Iran Exchange Fire After Trump Declares Ceasefire Over - Iraq Agrees To US Demands To Halt Dollar Flows To Iran-Backed Militias - Fed Officials Flagged Risks That Would Warrant Higher Rates - Fed Minutes Show Inflation Concerns Mounted At June Meeting
Summary US equity market looked to finish off quarter and month on an up note. Tech did a good portion of the heavy lifting, unwinding some the mega-cap weakness/rotations seen into quarter's end. May JOLTS jobs data jumped up towards 7.6M openings, pushing up Treasury yields marginally. EU CPI readings were broadly co
Canada's May CPI rises 1.0% month-over-month, exceeding estimates