US Senate Passes Resolution to Limit Trump’s War Powers on Iran; SpaceX Prices $25 Billion Bond in Five Tranches

①The US Senate passed a resolution aimed at limiting Trump’s war powers regarding Iran;
②Trump stated that IAEA inspectors will visit Iran at an appropriate time;
image description
③The Trump administration will provide $17.5 billion in loans to promote the construction of large nuclear power plants in the United States.



Overnight Stock Market



The global selloff in technology stocks escalated further, and US stocks continued to face downward pressure on Tuesday. As of the close, the Dow fell 0.09%, the Nasdaq dropped 2.22%, and the S&P 500 declined 1.44%.



Investors are increasingly concerned that interest rates may continue to rise, technology stock valuations may be excessively stretched, and the hundreds of billions of dollars invested in artificial intelligence may ultimately fail to generate massive profits in line with market expectations.



A new test for the market is approaching. On Wednesday, Micron will release its latest earnings report, while investors are already on edge due to recent severe market volatility.



Over the past five trading sessions, the Nasdaq has closed lower on four days; meanwhile, the index has posted daily gains or losses exceeding 1% for six consecutive trading days, reflecting significantly heightened market volatility.



Some analysts noted that after substantial gains, popular stocks are often prone to sharp pullbacks. However, the important foundations supporting this bull market still remain in place.



Commodity Market



The August delivery light crude oil futures on the New York Mercantile Exchange fell 65 cents to settle at $73.21 per barrel, a decline of 0.88%; the August delivery London Brent crude oil futures fell 82 cents to settle at $77.08 per barrel, a decline of 1.05%.



COMEX gold futures fell 1.92% to $4,129.10 per ounce; COMEX silver futures dropped 6.15% to $62.005 per ounce.



Market News



[US Senate Passes Resolution Aimed at Limiting Trump’s War Powers on Iran]



The US Senate passed the Iran war powers resolution previously approved by the House of Representatives by a vote of 50 to 48. This is the first time such a resolution has been passed by both chambers of Congress. The resolution requires the president to end US military operations against Iran without a congressional declaration of war or authorization for the use of force. However, because the resolution is a concurrent resolution of Congress, it is not legally binding and does not require the president’s signature, so it is mainly symbolic.



[SpaceX Prices $25 Billion Bond in Five Tranches, with Longest Maturity at 30 Years]



A US SEC filing shows that SpaceX will issue $7 billion of 5.35% senior notes due 2031, and $6 billion due 2033 at 5.
65% senior notes, $6 billion of 5.875% senior notes due 2036, $2.5 billion of 6.6% senior notes due 2046, and $3.5 billion of 6.65% senior notes due 2056. The proceeds from this offering will be used to repay bridge loans and for general corporate purposes, and the transaction is expected to close on June 26, 2026.



[Trump Says IAEA Inspectors Will Visit Iran in Due Course]



U.S. President Trump stated that Iran’s claims regarding International Atomic Energy Agency inspections are incorrect. He also said that inspectors will enter the site to carry out their work at an appropriate time. Iranian Foreign Ministry spokesman Baghaei said earlier on the 23rd that there is currently no plan for IAEA inspectors to visit Iran’s damaged nuclear facilities.



[Iranian President Says Without Missiles Iran Would Be Like Gaza]



Iranian President Pezeshkian, who is visiting Pakistan, said in an interview that the Iran-U.S. memorandum of understanding does not include the issue of Iranian missiles and that it will never be included in negotiations in the future. Pezeshkian said, “If it were not for our missiles, Iran would have been razed to the ground by the United States and Israel long ago, just like the Gaza Strip in Palestine. Iran will never negotiate our defensive capabilities with anyone.” Pakistani Prime Minister Shehbaz Sharif said that if other countries possess ballistic missiles while Iran is prohibited from having them, that constitutes a “double standard,” which is unacceptable and illogical.



[Bank of Canada Governor Warns That Overinvestment in the U.S. Poses Global Financial Risk]



Bank of Canada Governor Macklem warned that overinvestment in the United States is bringing broader correction risks to the global financial system. Speaking in Paris, he noted, “Large capital inflows into the United States may again be misallocated, pushing up valuations in equity and credit markets and planting the seeds for a painful market adjustment.” Macklem said on Tuesday, “These capital flows could reverse suddenly.


In either case, the resulting stress could spill beyond the United States.” Macklem made clear that global imbalances are not caused by a single country but by a combination of factors: underinvestment in Europe, a low savings rate in the United States, and other factors that have prompted global capital to flow disproportionately into the United States. Bank of Canada Governor Tiff Macklem said, “When capital flows are excessive, they can widen trade deficits, fuel protectionism, and distort asset prices.


Capital is misallocated, pressure builds, and financial stability risks increase,” he said.



The Trump administration will provide $17.5 billion in loans to support utility companies in ordering reactor equipment designed by Westinghouse Electric Co., a move aimed at revitalizing the construction of large-scale nuclear power plants in the United States.



The funding, announced by the U.S. Department of Energy on Tuesday, will be offered on a conditional basis and will include up to five loans, targeting utility companies and other energy enterprises that will each build two reactors.



The Department of Energy stated that Westinghouse has signed letters of intent with seven potential partners, and construction sites have been identified for all related projects.



The department said it will not disclose the names of the utility companies involved until the final list is determined.



U.S. President Donald Trump regards nuclear reactors as a core power source for data centers and economic growth.



An executive order he signed last year requires that 10 large traditional nuclear reactors be under construction in the United States by 2030, and proposes tripling the nation’s nuclear power installed capacity to 400 gigawatts.



Meta Launches New $299 Smart Glasses Series, Doubling Down on AI Hardware Platform



Meta announced on its official website that the company has partnered with EssilorLuxottica to launch a new “Meta Glasses” series.



The series features an all-new design and includes three frame styles, with a starting price of just $299 (approximately 2,029 yuan), at least $80 cheaper than the company’s second-generation entry-level Meta Ray-Ban smart glasses.



Meta executives said that lightweight smart glasses are only a step toward more advanced products, and future products will integrate displays into the lenses and feature stronger computing capabilities.



As competition intensifies and consumer interest in augmented reality devices grows, Meta is actively promoting smart glasses to the mass market.



Railway Operations Suspended Across Germany



According to German sources, a large-scale train wireless communication system failure occurred on the evening of the 23rd, causing railway operations to be suspended across the country.



Deutsche Bahn confirmed that all trains are currently stopped, and technicians are carrying out emergency repairs. A large number of delays and cancellations are expected.



It was disclosed that in 2022, a similar failure occurred on the German railway, when train services in northern Germany were suspended for three hours.



Leave a Comment

Your email address will not be published. Required fields are marked *