Drops

• South Korea's KOSPI index plummeted 9.99% on June 8, 2026, marking its steepest daily decline since March. • The crash was triggered by U.S. jobs data that sparked a global technology selloff, severely impacting major firms like Samsung and SK Hynix. • This volatility is significant as the Korean market often serves as a leading indicator for retail sentiment shifts, which can influence other assets including cryptocurrencies.

• Amazon has decided to drop "Artificial," a film directed by Luca Guadagnino centered on OpenAI CEO Sam Altman. • The decision comes as a surprise to the industry because the movie reportedly received positive feedback during test screenings. • This move highlights the volatility of high-profile biographical projects and the challenges of distributing controversial tech-centric narratives.

• The US Federal Reserve has abandoned its previous bias toward cutting interest rates as inflation has surged to nearly double the central bank's target. • This policy shift coincides with the beginning of the Kevin Warsh era at the central bank and follows escalating geopolitical tensions stemming from Donald Trump’s conflict with Iran. • The decision matters as it signals a pivot toward tighter monetary policy to combat rising prices, potentially slowing economic growth to stabilize the currency.

Theft rises in both states, even as Victoria’s crime rate decreases 1.9% on the year beforeVictoria has recorded its first drop in crime in four years and fewer young people are offending, but a surge in theft is bucking the trend – mirroring concerns in New South Wales, where a sharp rise in ebike theft has helped drive stealing rates higher.The Victorian Crime Statistics Agency (CSA) on Thursday released data for the 12 months to March 2026, which showed there were 625,426 criminal offences recorded in Victoria – a decrease of 1,524 or 0.2% on the previous 12 months. Continue reading...

Jackson Lahmeyer, a Christian nationalist and Pastors for Trump founder, loses Trump endorsement to competitorThe Oklahoma congressional candidate Jackson Lahmeyer announced on Wednesday that he was suspending his campaign, after the Christian pastor once endorsed by Donald Trump, who had advanced to a Republican primary runoff, was reported to have sent extramarital, intimate text messages.“After prayerful consideration with my wife, Kendra, and my team over the last twenty four hours, I’ve made the difficult decision to suspend my campaign for Congress,” the Christian nationalist and Pastors for Trump founder wrote in a statement on Wednesday afternoon. “I do not want to be a distraction to my family, my church, and the great people of Oklahoma’s 1st congressional district, who deserve a strong conservative voice representing them in Washington. Continue reading...

End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chainBusiness live – latest updatesThe Australian pharmaceutical group Sigma Healthcare has dropped its pursuit of the UK retail chain Boots, abandoning a takeover estimated to be worth $10bn (£7bn).Sigma, a wholesaler and retailer, said on Monday that a deal ​to by the high street pharmacy business – which has 1,800 UK stores – would not meet its strategic ‌and capital investment objectives. Continue reading...

• Press Gazette released its monthly ranking of the top 50 most popular English-language news websites globally, utilizing data from Similarweb. • The BBC saw a significant traffic increase in May, with visits rising 9% from April to reach a total of 1.1 billion. • In contrast, Indian news brands were the most negatively impacted group, experiencing the sharpest drops in traffic during the same period.