Gavin Purcell

Sharemarket Watcher and Finance News & supporter of people in many fields of endeavour :)

[The Wall Street Journal @WSJ]

From @WSJOpinion: If the Iranian regime won’t agree to dismantle its nuclear program now, why would it do so after weeks of oil exports and other relief?
https://t.co/bvBE1faBwW

[Yahoo Finance @YahooFinance]

Oil prices have fallen below $80 per barrel for first time since March. https://t.co/pd7XnC3e7r

[Bloomberg @business]

The four principals of Cursor — all in their mid-20s — join a growing list of billionaires minted by Elon Musk’s SpaceX since it went public on Friday https://t.co/7ogE2nsSFJ

[MarketWatch @MarketWatch]

Dow closes above 52,000 for first time; tech selloff weighs down Nasdaq, S&P 500 https://t.co/EQzzemjJtn

[Yahoo Finance @YahooFinance]

$SPCX surged again on Tuesday, passing Amazon and briefly topping Microsoft as the rocket maker's market value approached $3 trillion. https://t.co/RmXpjTujNR

[Forbes @Forbes]

The U.S. war with Iran showed the regime it can successfully shut down the Strait of Hormuz—giving it a new tool that it didn’t have before the conflict, with nothing barring it from using it again, U.S. intelligence assessments reportedly found.
Read more: https://t.co/tqMFM3RDrK
Photo: Hwawon Ceci Lee/Anadolu via Getty Images

[USA TODAY @USATODAY]

Opinion: More than 14 weeks, thousands of lost lives and billions upon billions of U.S. taxpayer dollars later, it appears America is the one surrendering. https://t.co/1mWh7Kignv

[The Hormuz Letter @HormuzLetter]

BREAKING: US officials have now confirmed in a briefing that Iran will get full access to a total of $100 billion in frozen funds and the $300 billion reconstruction fund, both included in the deal with implementation now underway, per WSJ.

More than $150 billion of the fund has already been committed, directly contradicting Trump's claims that the US would not contribute to the $300 billion fund, per Reuters.

[Bloomberg @business]

Iran is set to receive financial incentives as part of its agreement with the US, including the right to sell oil, tap a $300 billion development fund and get eventual access to its frozen assets, according to a near-final draft of the deal https://t.co/Mq4JnQECOC

[MarketWatch @MarketWatch]

Micron and Sandisk shares are phenomenally ‘overbought.’ Are memory stocks flying too close to the sun? https://t.co/kYM3WvpTJ7

[The Wall Street Journal @WSJ]

Science suggests you don’t need a long vacation to recharge. A 24-hour break that interrupts your routine—and puts you into a flow state—can be hugely restorative. https://t.co/Uqimgp3xVY

[The Kobeissi Letter @KobeissiLetter]

The US stock market is rewriting every record in the financial history books:

The top 10 US stocks now have a combined market cap of $25.3 trillion.

If the top 10 were a stock market, they would be the 2nd-largest in the world, even exceeding China.

The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world’s 2nd-biggest economy.

Together, these companies are now worth ~80% of US GDP.

Furthermore, the top 5 companies alone have a combined market cap of $18.6 trillion, exceeding the value of every global stock market outside the US.

Truly unprecedented numbers.

[Bloomberg @business]

New residential construction in the US slowed to the weakest pace in six years, as builders prioritized selling off their current new homes inventory amid sluggish demand https://t.co/jxV9jKDGX5

[Yahoo Finance @YahooFinance]

$SPCX rises for the 3rd trading day in a row.

Explore more premium news and analysis on SpaceX in AlphaSpace: https://t.co/Hyelb6HAo5

[David Taylor @DaveTaylorNews]

SpaceX symbolises the great 2020s stock market bubble. It will end badly.

[Barchart @Barchart]

Semiconductor Stocks are now outperforming the rest of the Stock Market by the largest margin in history, double what it was at the Peak of the Dot Com Bubble 🚨🚨🚨

[Bloomberg @business]

More central banks than ever expect to increase their gold reserves, a sign one of the key forces behind bullion’s record-breaking rally remains intact despite this year’s pullback https://t.co/Abbt2iblQd

[Katie @Kate_Lordahl]

Every girl needs a lil black dress!

[Financial Times @FT]

Kevin Warsh’s Federal Reserve will need to raise interest rates by the end of 2026 to tame the burst of inflation sparked by Donald Trump’s Iran war, leading economists said as he prepares for his first meeting as chair. https://t.co/thaG0fDxqh

[The Wall Street Journal @WSJ]

Breaking: SpaceX said it would buy Cursor for $60 billion, striking a massive deal for an autonomous coding agent shortly after its blockbuster IPO https://t.co/eSSyrbPK5O