ASST News & Events

The major averages finished sharply higher following a preliminary U.S.-Iran peace agreement that could reopen the Strait of Hormuz and significantly ease pressure on global energy markets. Brent crude oil prices have dropped to roughly three-month lows after the announced agreement, easing concerns about supply disruptions and helping reduce inflation fears that had weighed on stocks throughout the spring.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fox Corp.Rokufor $160 per shareSalesforcecustomer agent company Fin for $3.6BNuveiPayoneer Globalfor $7.40 per share in cash, or $2.75BTripAdvisorto American Expressfor $700M in cashThe U.K. government isfor children under the age of 162. WALL STREET CALLS:TruistDatadogto Buy, sees opportunity for continued upsideOld Dominionto Sell at CitiKeyBancFireFly Aerospaceand Rocket Labto Overweight after their SpaceX related selloffsAccentureto Equal Weight at Morgan StanleyFerrarito Overweight at Morgan Stanley3. AROUND THE WEB:Centeneis offering voluntary buyouts to most employees, Bloomberg reportsTeslarecently presented self-published safety statistics to regulators in Sweden and Netherlands, but independent traffic-safety researchers argue the statistics are misleading marketing, Reuters saysMatt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg saysSBA Communications'potential take-private process involving KKRand Brookfieldhas stalled and is now considered effectively dead, as negotiations have come to a standstill in recent weeks, sources tell GreenstreetAccording to an Indian pollution regulator, wastewater from a Tata components factory for Apple'siPhone has allegedly contaminated groundwater, impacting nearby farms, Reuters says4. MOVERS:Oustergained afterwith Benchmark ElectronicsIntellia Therapeuticsincreased after presenting resultsStriveclosed higher afterand reporting holdings of 19,105 as of June 12Pattern Groupfinished lower afterAlcoafell after announcing the ratification of a5. EARNINGS/GUIDANCE:PowerFleet, with EPS and revenue beating consensusCoda Octopus, with EPS higher year-over-yearFiservbacked itsenGene, with EPS beating consensusJerash Holdingsand provided guidance for Q1INDEXES:The Dow rose 468.77, or 0.92%, to 51,671.03, the Nasdaq gained 795.10, or 3.07%, to 26,683.94, and the S&P 500 advanced 122.83, or 1.65%, to 7,554.29.

The major averages were sharply higher near noon as investors return from the weekend focused on a preliminary U.S.-Iran peace agreement that could reopen the Strait of Hormuz and significantly ease pressure on global energy markets. Brent crude oil prices have dropped to roughly three-month lows after the announced agreement, easing concerns about supply disruptions and helping reduce inflation fears that had weighed on stocks throughout the spring.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fox Corp.Rokufor $160 per shareSalesforcecustomer agent company Fin for $3.6BNuveiPayoneer Globalfor $7.40 per share in cash, or $2.75BTripAdvisorwillto American Expressfor $700M in cashThe U.K. government isfor children under the age of 162. WALL STREET CALLS:TruistDatadogto Buy, sees opportunity for continued upsideOld Dominionto Sell at CitiKeyBancFireFly Aerospaceand Rocket Labto Overweight after their SpaceX related selloffsAccentureto Equal Weight at Morgan StanleyFerrarito Overweight at Morgan Stanley3. AROUND THE WEB:CommerzbankCEO Bettina Orlopp said the bank was surprised by allegations from UniCreditthat it had misled the public, highlighting rising tensions between the two banks, Reuters saysTeslarecently presented self-published safety statistics to regulators in Sweden and Netherlands, but independent traffic-safety researchers argue the statistics are misleading marketing, Reuters saysMatt Holt's investment firm Thoreau Group, which is backed by Apollo Global, is in advanced discussions to acquire Ensemble Health Partners in a deal that would value the company at roughly $12B, Bloomberg saysSBA Communications'potential take-private process involving KKRand Brookfieldhas stalled and is now considered effectively dead, as negotiations have come to a standstill in recent weeks, sources tell GreenstreetAccording to an Indian pollution regulator, wastewater from a Tata components factory for Apple'siPhone has allegedly contaminated groundwater, impacting nearby farms, Reuters says4. MOVERS:Oustergains afterwith Benchmark ElectronicsIntellia Therapeuticsincreases afterfrom its Phase 3 HAELO trialStrivehigher afterand reporting holdings of 19,105 as of June 12Pattern Grouplower after filing toAlcoafalls after announcing the ratification of awith USW5. EARNINGS/GUIDANCE:PowerFleet, with EPS and revenue beating consensusCoda Octopus, with EPS higher year-over-yearFiservfor FY26enGene, with EPS beating consensusJerash Holdingsand provided guidance for Q1INDEXES:Near midday, the Dow was up 1.37%, or 703.88, to 51,906.14, the Nasdaq was up 2.99%, or 773.00, to 26,661.85, and the S&P 500 was up 1.91%, or 141.58, to 7,573.04.

Bitcoin surges above $65,000 as a U.S. agreement to reopen the Strait of Hormuz sparks a broad risk rally, lifting crypto-linked equities. Meanwhile, Strategy discloses 846,842 bitcoin after a $100M weekly buy and Bitmine's preferred shares begin NYSE trading Tuesday. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.HORMUZ DEAL IGNITES CRYPTO RALLY:Bitcoinclimbed to its highest level in nearly two weeks after the U.S. and Iran reached an agreement to reopen the Strait of Hormuz,. The move carried bitcoin above $65,000 on Monday morning, with equities like Coinbase, Strategy, and Robinhoodmoving in tandem.framed the move as part of a global risk-on relief rally, with oil falling simultaneously as bitcoin climbed roughly 3%. A formal signing is expected Friday following a 60-day negotiation phase,.STRATEGY WEEKLY BTC DISCLOSURE:, Strategy revealed that between June 8 and June 14 it acquired 1,587 bitcoin for approximately $100M at an average cost of $63,024 per bitcoin, funded through the sale of 1.73M MSTR Class A shares under its ATM program for $209M in net proceeds. Cumulative holdings now stand at 846,842 bitcoin at an aggregate cost of $64.07B, average cost basis $75,656 per bitcoin, with a $1.1B USD reserve as of June 14.BITMINE PREFERRED BEGINS TRADING TOMORROW:Bitmine Immersion Technologiesdisclosed, that as of June 14 it holds 5,620,754 ether, representing 4.66% of total ether supply, with 4,718,677 tokens staked through MAVAN, or Made in America Validator Network, at a projected $226M in annualized staking revenues. Total holdings including 204 bitcoin, equity stakes in Beast Industries and Eightco Holdings, and $502M in cash reach $10.4B combined, down from $11.6B the prior week on lower ether prices. Its 9.50% Series A Perpetual Preferred Stock, symbol BMNP, begins NYSE trading on June 16.Strivethe purchase of 73 bitcoin between June 8 and June 14 at an average of approximately $63,646 per bitcoin, bringing total holdings to 19,105 bitcoin, with cash and equivalents at $141.4M.MINER REBRANDS AS AI DATA CENTER:AIB, formerly BlockchAIn Digital Infrastructure, will rebrand to AIB Data Centers, effective June 25, reflecting a strategic pivot toward AI and high-performance computing workloads,.UFC STABLECOIN DEAL AND PATENT NOTES:TKO Group Holdingsand its UFC property named World Liberty Financialan official partner of UFC Freedom 250, funding a $250,000 Performance of the Night bonus pool paid in USD1stablecoin, a company press release. Dogecoin Cash filed a U.S. utility patent with the USPTO covering blockchain infrastructure for sub-5-second transaction confirmations and simplified dApp deployment on the Dogecoin network,. HUI commenced continuous trading on the Vienna Stock Exchange with a market maker and disclosed an impending token listing on a major global exchange,.PRICE ACTION:As of time of writing, bitcoin was trading at $66,661.15, while ether was trading at $1,818.05,.