Fed Hints at Rate Hikes if Inflation Persists; SpaceX Hits All-Time Low

Fed official signals potential rate hikes to curb inflation. SpaceX stock drops below $106 to new lows. Alibaba rises 4% on Qwen3.8-Max release.

Woofun AI reports that Federal Reserve's Williams indicated readiness to raise interest rates if inflation pressures fail to ease, while SpaceX shares fell below $106 in pre-market trading to a new all-time low. Iranian Foreign Ministry denied current talks with the U.S., noting ongoing dialogue with Oman regarding the Strait of Hormuz. Samsung foundry expects 100% capacity utilization in the second half of this year, up from 70-80%. Eli Lilly received breakthrough therapy designation for pancreatic cancer treatment.

Prysmian Group is in deep negotiations to acquire U.S. manufacturer Atkore. Apple limited external vulnerability submissions due to AI-generated report surges. Alibaba rose nearly 4% after releasing Qwen3.8-Max. Goldman Sachs projected iPhone price increases of $100-$200, with foldable models starting at least $2,000. Claudia Sam warned that ignoring grassroots economic signals could lead the Fed to misjudge inflation risks despite wage increases.