Business & Markets — June 7, 2026

Iran war hits 100-day mark. Global markets show mixed signals as the conflict enters its fourth month. Oil prices are up 23% since February but tech stocks maintain gains during ongoing peace negotiations.

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Google signs $920M monthly compute deal with SpaceX. The tech giant will pay SpaceX for computing services to handle unexpected demand for its AI products. The deal represents one of the largest cloud infrastructure agreements in history.

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Bitcoin falls to 2024 lows as HYPE ETFs gain traction. Bitcoin dropped to its lowest price since 2024 while investors pivot to new exchange-traded funds linked to hyperliquid trading platforms, creating fresh crypto market dynamics.

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S&P 500 loses $1.4 trillion after jobs report. The index fell sharply Friday despite hitting fresh records earlier in the week. Strong employment data raised concerns about Federal Reserve policy shifts and cooling AI momentum.

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