QtrendsAI server demand is projected to triple tin needs by 2030 while Indian IT stocks tumble 24%. Oil prices surged as Iran-Israel hostilities escalated, threatening Middle East supply stability. The US jobs report showed 172,000 new positions added in May, mainly in hospitality. Global markets declined on a tech sector rout and geopolitical tensions. Scott Pelley publicly blasted CBS News leadership in a highly critical interview.
Analysts project tin demand for AI servers will triple by 2030, driven by semiconductor expansion. Indian IT stocks including TCS, Infosys, and Wipro have plunged, with the Nifty IT index dropping 24% in 2026. TCS secured a large AI-led IT transformation contract from Canada Life, but broader market sentiment for the sector remains negative.
Oil prices jumped sharply as fresh attacks threatened the ceasefire with Iran, sending crude to its biggest gain in over a month. Global stocks also fell amid a broad selloff in technology shares. The escalating conflict between Iran and Israel has heightened concerns about supply disruptions in the Middle East.
Veteran CBS News correspondent Scott Pelley gave a blistering interview to The New York Times, accusing the network of incompetence under Bari Weiss's leadership. He called for Weiss to be removed and described CBS News as being on fire. The interview has generated widespread discussion across media circles.
The US economy added 172,000 jobs in May, extending the labor market rebound. Many of the new positions were concentrated in restaurants, bars, and hotels. Despite the gains, economic frustration persists among many Americans, reflecting ongoing concerns about inflation and the cost of living.
Global stock markets fell sharply as a technology sector selloff combined with renewed Middle East attacks to rattle investors. MarketWatch identified new hot stocks as investors flee tech, while analysts warn that US markets face historic downside risk. Low-volatility stocks are being recommended as defensive plays for portfolio protection.