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Ukrainian Strike Targets Key Russian Missile Facility in Deep-Range Operation

    An employee controls an unmanned ground vehicle during an exhibition of Ukrainian drone makers, amid Russia's attack on Ukraine, in an undisclosed location Ukraine says it carried out a long‑range strike against a major Russian ballistic missile production site, marking one of Kyiv’s deepest attacks inside Russian territory since the full‑scale invasion began. According to Ukrainian security officials, the operation targeted a facility involved in manufacturing components for Russia’s Iskander missile systems—munitions frequently used against Ukrainian cities. While Moscow has not confirmed the strike, Russian regional authorities reported explosions and a subsequent fire at an industrial site. Kyiv has increasingly relied on domestically produced long‑range drones and missiles as Western military aid faces delays, and Ukrainian officials framed the attack as part of a broader effort to degrade Russia’s ability to wage war. The strike underscores Ukraine’s evolving stra...
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Wall Street Mixed as Red-Hot Chipmaker Nvidia Claws Back Losses

 

World stocks experienced mixed performance today, with Wall Street showing a quiet and varied session. The red-hot chipmaker Nvidia, which had seen a meteoric rise in recent weeks, contributed to the market’s mixed sentiment.

Nvidia’s Recovery

  • Nvidia’s stock rose 2.2% before the opening bell, signaling a partial recovery from its recent losses. The frenzy over artificial intelligence (AI) that had propelled Nvidia’s stock to new heights appeared to be cooling down.
  • Just last week, Nvidia briefly overtook Microsoft as Wall Street’s most valuable company. However, in the past three days, it had declined nearly 13%.

Other Market Highlights

  • Microsoft: Shares of Microsoft remained essentially flat after the European Union accused the software giant of violating antitrust rules related to its Teams messaging and videoconferencing app.
  • SolarEdge: Solar panel manufacturer SolarEdge faced challenges, with its stock tumbling more than 17% before the bell. Customer PM&M Electric, owing SolarEdge over $11 million, filed for bankruptcy. Additionally, SolarEdge announced plans to raise $300 million through the sale of convertible senior notes.
  • Epac: Toolmaker Epac slid more than 9% due to missed third-quarter sales targets and lower-than-expected fourth-quarter revenue guidance.
  • Consumer Confidence Report: Later today, the Conference Board will release the latest consumer confidence report. In May, U.S. consumers showed increased confidence despite elevated inflation and high interest rates.
  • Global Markets: In Europe, France’s CAC 40 lost 0.8%, Germany’s DAX sank 1%, and Britain’s FTSE 100 was 0.2% lower. Japan’s benchmark Nikkei 225 surged 1%, while the Hang Seng in Hong Kong recovered most of its daytime losses to end 0.3% higher.

Conclusion

Today’s market reflects a mix of optimism and caution, with Nvidia’s performance closely watched. 

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