News

Straits of Hormuz turbulence resumes: Iran reportedly seeks 4 billion USD a year in “passage fees”, ship evacuation suspended after attacks. U.S. Q1 GDP final value revised up to 2.1%, but weakening consumption signals hidden risks. U.S. May PCE Price Index up 4.1% year-on-year, core PCE at 3.4% hits a three-year high. U.S. May durable goods orders fell 4.5% month-on-month, marking the biggest drop in nearly a year, while core capital goods data unexpectedly surged 1.6%. Federal Reserve No.3 Williams: Current interest rates are sufficient to curb inflation, expects return to 2% target by 2028. Iraq warns OPEC: If no higher production quota is given, “leaving the group” will be considered. U.S. bill forces allies to restrict exports to China, Netherlands dissatisfied, differences with U.S. on “low-end equipment restrictions”. Storage cost pressures mounting! Apple raises prices globally in a rare move, bluntly states “can no longer protect consumers”. Apple’s chip strategy undergoes historic adjustment, reports: skipping high-end M6 version, directly laying out AI-centric M7 series. XBox price increased three times in 13 months, Microsoft: storage component costs will double next year. Trillion-dollar valuation meets SpaceX plunge: OpenAI IPO delayed to 2027, AI capitalization hits the brakes. Physical limits broken! IBM launches world’s first 0.7nm chip technology, semiconductors enter the “Angstrom era”. Zhipu’s open-source GLM 5.2 model shakes Silicon Valley, “1/6th the price, breaking through the U.S. AI moat”. TSMC’s closed-door meeting releases major forecast: global semiconductor market will surpass 1 trillion USD this year. Related reading: Wallstreetcn Morning FM-Radio | June 26, 2026

Glonghui June 26｜The soon-to-be-appointed BHP Group Chief Executive Officer Brandon Craig will split his current role overseeing the company's Americas operations into two parts. He stated that this change will enable the company to focus more specifically on North America and South America. BHP has appointed Vice President of Innovation Jessica Farrell as President of North America, effective July 1. BHP stated that until a candidate for the President of South America is confirmed, Farrell will serve as acting president for the region. The company also announced that from September, Chief Operating Officer Edgar Basto will take on the role of Chief Corporate Performance Officer, with additional responsibilities including strengthening contractor safety management. The company said that Geraldine Slattery will continue to serve as President of Australia and will be responsible for the Copper South Australia business. Craig is a senior executive at BHP and has been in charge of the company's Americas operations since March 2024. He will take over as CEO of the world's largest mining company by market capitalization on July 1.

Iran will purchase wheat, soybeans, and corn.