Business & Markets — June 9, 2026

**Semiconductor shorts surge as trade reverses.** Investors are piling into short positions against chip stocks after the sector's winning streak faltered, marking a dramatic shift in sentiment toward the former market darlings.

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**Trump family earned $500M from crypto deal.** Eric and Donald Trump Jr. made roughly $500 million from their Alt5 Sigma venture, while the company's shares fell 93% and left investors with steep losses.

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**EU orders Meta to open WhatsApp to rival AI.** European antitrust regulators ordered Meta to give competing AI chatbots free access to WhatsApp while investigating whether the company abused its market power by blocking rivals.

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**SpaceX IPO demand hits four times oversubscribed.** Elon Musk's SpaceX drew more than $250 billion in investor demand for what would be the largest-ever IPO, far exceeding the $75 billion the company seeks to raise.

Reuters · Read more →