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- Net-zero challenge: Sustainable aviation fuel account just 0.8% of aviation fuel use in 2026, says IATA June 7, 2026Sustainable Aviation Fuel (SAF) production is critically low, meeting only 0.8% of demand by 2026, IATA reports. Airlines face a $4.3 billion SAF bill this year, with insufficient policy support hindering progress. Experts warn unrealistic mandates, especially for e-SAF, could inflate prices and divert resources from actual emission reductions.
- Bullion outlook: Gold, silver investors to track Middle East tensions, US and India inflation readings June 7, 2026
- Stock market outlook: Key triggers that could shape Dalal Street next week June 7, 2026
- OPEC+ approves fourth straight oil output hike, raises July targets by 188,000 bpd June 7, 2026OPEC+ agreed to a fourth consecutive oil production target increase of 188,000 barrels per day from July, despite ongoing US-Iran conflict disruptions. This decision comes as major Gulf producers struggle to meet demand due to export issues through the Strait of Hormuz.
- US mortgage rates ease to 6.48%, slips from from nine-month high June 7, 2026The average rate for a 30-year fixed mortgage eased to 6.48% last week, offering slight relief to homebuyers. This decline follows a recent climb to a nine-month high, influenced by inflation concerns and elevated oil prices. Despite the dip, rates remain higher than earlier this year, continuing to impact the challenging housing market.
- OPEC+ to make small oil output quota hike for July June 7, 2026This is a fourth increase in oil output targets in as many months, even though the U.S. war with Iran is still preventing several of the group's members from pumping more
- Trump says to meet AI firms on government stake June 7, 2026"There's so much money and it's so big that there are concepts where the American public essentially becomes a partner with the companies," Trump said
- SpaceX signs pre-IPO deal to provide AI computing to Google June 7, 2026The deal, which will bolster SpaceX's finances ahead of its IPO on June 12, covers a computing infrastructure of approximately 110,000 Nvidia GPUs
- Google’s new ‘Information Agents’ are a privacy and web infrastructure problem June 7, 2026In terms of what people ask AI agents, we have only scratched the surface
- Meta secures hacked Instagram accounts as users claim its AI enabled the hackers June 7, 2026Some social media users alleged that Meta’s own AI support chatbot was used by the hackers to take over accounts