The U.S. carried out a new round of strikes on Iran in response to Iranian aggression against commercial shipping in the Strait of Hormuz.
The death toll from earthquakes in Venezuela climbed to 920 as U.S. search and rescue teams joined efforts to pull survivors from collapsed buildings.
Utah declared an emergency as the Cottonwood Fire, the largest wildfire currently burning in the U.S., raced across the region with wind gusts at 45 miles per hour forcing more communities to evacuate.
World
Venezuela earthquakes killed over 900 people, with a state of emergency declared as rescue operations continue amid extensive damage.
Ukraine launched major nighttime attacks on Russian regions and Crimea while Russia struck various Ukrainian areas in their ongoing war.
US military struck Iranian military targets after Iran allegedly violated ceasefire agreements by firing on a cargo ship in the Strait of Hormuz.
Business
Goldman Sachs raised its dividend 11% to $5 per share, and Morgan Stanley boosted its payout 15% to $1.15 per share, after passing Fed stress tests.
JPMorgan Chase announced a 10% dividend increase and authorized a $50 billion share repurchase program following successful stress test results.
FedEx beat Wall Street earnings expectations, with the report marking the last quarter including its freight business before spinning off into a separate company.
Technology
Onsemi agreed to acquire Synaptics in an all-stock deal valued at about $7 billion to expand chip capabilities for edge AI and robotics.
OpenAI limited rollout of its GPT 5.6 model to trusted partners at U.S. government request, with CEO Sam Altman informing staff following discussions with national security officials.
Samsung Group plans to announce a decade-long investment of about $648 billion in South Korea including chip factories, AI data centers, batteries, and displays.
Science
Einstein Probe may have witnessed a black hole tearing apart and devouring a white dwarf star, one of the rarest cosmic events ever seen.
Scientists discovered that fructose and glucose affect hunger differently in the brain, with glucose suppressing hunger signals much more strongly than fructose.
A giant black coral estimated 300 to 400 years old was discovered in New Zealand's Fiordland, astonishing researchers with its four-meter height and massive width.
Economy
US inflation accelerated to 4.2 percent in May, up from 3.8 percent in April, marking the third consecutive monthly acceleration in headline inflation driven by energy costs jumping 23.5 percent due to conflict with Iran.
The US government reported 172,000 new jobs created in May, with March and April data revised upward, bringing three-month total job creation to 565,000.
The Federal Open Market Committee held its target federal funds rate at 3.50%-3.75 percent at its June 17 meeting, with new Fed Chair Kevin Warsh reinforcing his preference for current data over detailed forecasts by not submitting rate expectations in the dot plot.
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