Wallstreetcn Morning Brief | June 26, 2026

Straits of Hormuz turbulence resumes: Iran reportedly seeks 4 billion USD a year in “passage fees”, ship evacuation suspended after attacks. U.S. Q1 GDP final value revised up to 2.1%, but weakening consumption signals hidden risks. U.S. May PCE Price Index up 4.1% year-on-year, core PCE at 3.4% hits a three-year high. U.S. May durable goods orders fell 4.5% month-on-month, marking the biggest drop in nearly a year, while core capital goods data unexpectedly surged 1.6%. Federal Reserve No.3 Williams: Current interest rates are sufficient to curb inflation, expects return to 2% target by 2028. Iraq warns OPEC: If no higher production quota is given, “leaving the group” will be considered. U.S. bill forces allies to restrict exports to China, Netherlands dissatisfied, differences with U.S. on “low-end equipment restrictions”. Storage cost pressures mounting! Apple raises prices globally in a rare move, bluntly states “can no longer protect consumers”. Apple’s chip strategy undergoes historic adjustment, reports: skipping high-end M6 version, directly laying out AI-centric M7 series. XBox price increased three times in 13 months, Microsoft: storage component costs will double next year. Trillion-dollar valuation meets SpaceX plunge: OpenAI IPO delayed to 2027, AI capitalization hits the brakes. Physical limits broken! IBM launches world’s first 0.7nm chip technology, semiconductors enter the “Angstrom era”. Zhipu’s open-source GLM 5.2 model shakes Silicon Valley, “1/6th the price, breaking through the U.S. AI moat”. TSMC’s closed-door meeting releases major forecast: global semiconductor market will surpass 1 trillion USD this year. Related reading: Wallstreetcn Morning FM-Radio | June 26, 2026