Good morning investors! Yesterday was a busy day with stocks starting lower but recovering to close to the day.
Today we cover:
US-Iran agree on a deal?
Oracle reports
Gold falls – why?
📊 Economy and News
Trump Claims Iran War Deal Near Finalization, Cancels Strikes
President Donald Trump announced Thursday that the U.S. has reached a "great settlement" to end the war with Iran, subject to final document formalization, with a signing expected in the "next few days."
He canceled planned U.S. military strikes against Iran, stating that talks had been approved at the highest levels. Trump also said the Strait of Hormuz would reopen once the deal is signed, while maintaining the naval blockade until finalization.
Iranian Response: Iranian state media (Fars) reported that the U.S. had accepted Iran's proposed text but that Tehran had not yet given final approval, describing Trump's announcement as a tactical retreat.
Trump spoke with Israeli Prime Minister Benjamin Netanyahu and other regional leaders. Netanyahu welcomed the commitment to restrict Iran's nuclear program in any final agreement.
Market Reaction: Stock indexes surged and oil prices dropped sharply following the news. This marks the latest in over 30 similar claims by Trump since the war began in late February, with no deal yet materialized.
Global hits:
Argentina May inflation slows for second straight month to 2.1%, below forecasts.
World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets.
IMF cuts 2026 euro zone growth forecast with higher inflation, warns worse could come.
Reminder: Trump administration appeals ruling blocking $100,000 H-1B fee. In other news, elections advertising spend for 2026 expected to reach record high, outpacing presidential years.
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📈 Stocks
S&P 500 7,394.30(+1.75%)
DJIA 50,848.75 (+1.86%)
NASDAQ 25,809.66 (+2.54%)
BRENT CRUDE 90.43 (-1.37%)
* Prices as of Jun 12th, 12:20 AM UTC
Oracle Falls Despite a Beat
Oracle shares dropped 8% after the company announced plans to raise an additional $20 billion in capital and reported negative free cash flow of $23.7 billion for the fiscal year.
Although Oracle beat earnings expectations, reporting revenue of $19.18 billion and adjusted earnings per share of $2.03, investors remain concerned about the company's heavy spending on AI infrastructure.
Capital expenditures surged 162% to $55.7 billion, and Oracle expects net capital spending to reach about $70 billion in fiscal 2027. The company plans to raise a total of $40 billion through debt and equity financing.
Despite the concerns, Oracle maintained its fiscal 2027 revenue target of $90 billion and raised its earnings forecast to $8.05 per share. Cloud infrastructure revenue grew 93% to $5.8 billion, while remaining performance obligations increased 363% to $638 billion.
Analysts remain divided, with some viewing Oracle’s AI investments as a long-term growth opportunity despite short-term pressure on cash flow and profitability.
Interesting: SpaceX to close above $2 trillion market cap on its debut, prediction market traders say.
Waymo launches premier subscription tier for $29.99 a month, starting in select cities.
SpaceX cuts retail IPO allocation to low 20% range.
Adobe beats: Adobe, the company behind Photoshop, Acrobat, and Creative Cloud, beat expectations and raised its full-year outlook after the close. yet, it had a horrible day.
The stock fell 5.8% after hours, adding to a 6.2% decline during the regular session. The numbers themselves were solid: adjusted EPS came in at $5.96 versus $5.82 expected, revenue reached $6.62 billion versus $6.45 billion expected, and full-year guidance was lifted to $26.5–$26.6 billion.
The issue wasn’t performance. It was perception.
Adobe remains highly profitable, continues to grow, and is actively returning capital through buybacks. But investors are increasingly focused on a bigger question: does AI strengthen Adobe’s dominance, or does it gradually erode the value of its bundled software model?
The recent CFO departure has only amplified concerns around leadership and long-term positioning, turning what should have been a strong quarter into a story about uncertainty.
💵 Personal Finance
Gold Drops to 6-Month Low as Higher Interest Rate Fears Weigh on Demand
Gold prices fell to their lowest level of 2026, dropping 6.3% this week as investors increasingly expect the Federal Reserve to keep interest rates high or even raise them later this year.
Despite rising inflation and ongoing geopolitical tensions, gold has lost appeal because higher interest rates make income-generating assets like bonds more attractive. Gold, which pays no yield, typically struggles in such environments.
Market sentiment has also weakened after gold broke below its 200-day moving average, a key technical support level. Analysts see this as a bearish signal in the short term.
JPMorgan noted that investors are pulling money from both gold and bitcoin, reversing the popular “debasement trade” that benefited from concerns about inflation, government debt, and currency weakness. Gold ETFs have seen significant outflows, while futures investors continue reducing their positions.
Although near-term pressure remains, some analysts stay optimistic about gold’s long-term outlook due to geopolitical risks, central bank buying, and global economic uncertainty.
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