Morning News Stories and Headlines- June 2, 2025

🌍 Monday Morning News Briefing – June 2, 2025

🇺🇸 U.S. NEWS

Colorado Flamethrower Attack Deemed Terrorism

A violent assault took place in Boulder, Colorado over the weekend when an Egyptian man, identified as Mohamed Sabry Soliman, attacked a pro-Israel demonstration using Molotov cocktails and a homemade flamethrower. Six people were injured. Soliman, who was living in the U.S. illegally, was arrested at the scene. Federal authorities are treating the incident as both a hate crime and a domestic terror attack. FBI agents have since searched his residence in El Paso County.

Tariffs Increased on Steel Imports

The Biden administration has doubled tariffs on foreign steel, raising the rate from 25% to 50%. Officials say the measure is designed to strengthen American steel production and reduce dependency on overseas suppliers. The move has already drawn criticism from several trade partners, including China, which claims the U.S. is breaching international trade agreements.

New Tax Reform Bill Clears House

A sweeping tax package dubbed the “One Big Beautiful Bill Act” passed the House of Representatives. Among its key provisions: permanent extension of the 2017 tax cuts, a hike in the SALT deduction cap to $40,000, and incentives for small businesses. The bill now heads to the Senate, where it is expected to face intense debate.

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🌐 GLOBAL HEADLINES

Ukraine-Russia Tensions Spike as Peace Talks Begin

Even as Ukrainian and Russian officials arrived in Istanbul for a new round of peace negotiations, Ukraine carried out drone strikes targeting Russian military infrastructure. The attacks, reportedly aimed at strategic aviation units, raise doubts about the sincerity and timing of the talks.

Israel-Hamas Ceasefire Deal in Progress

Negotiations are underway for a proposed 60-day ceasefire between Israel and Hamas, with the U.S. acting as a key intermediary. Israel has accepted the basic framework of a plan that includes a phased hostage release and temporary halt in combat. Hamas, however, is demanding stronger commitments on Israeli troop withdrawals and uninterrupted aid deliveries. Talks have stalled over these unresolved conditions.

Iran Ramps Up Uranium Enrichment

The UN’s nuclear watchdog reports that Iran has increased its stockpile of highly enriched uranium, edging closer to weapons-grade levels. This comes as Tehran remains engaged in indirect talks with the U.S. over the future of its nuclear program. The development adds further urgency to negotiations that have shown little progress.

Poland Elects New Conservative President

Karol Nawrocki, a historian backed by Poland’s conservative Law and Justice party, has won the presidential election with just over 50% of the vote. His victory could steer Poland toward deeper domestic reforms and strain relations with the European Union, particularly over issues like judicial independence and media freedom.

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☀️ SCIENCE & WEATHER

Major Solar Storm Sparks Geomagnetic Warnings

A significant solar flare has triggered a strong geomagnetic storm, with NOAA issuing high-level warnings. The event could disrupt GPS signals, radio communications, and satellite operations. However, it may also produce stunning aurora displays across much of the northern U.S. and Canada tonight.

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🏀 SPORTS ROUNDUP

Weekend Highlights Across Major Leagues

• NBA: Pacers vs. Thunder begins June 5th, 2025
• NHL: Stanley Cup kicks off June 4th, 2025
• MLB: The New York Yankees vs. Boston Red Sox, June 6th, 2025

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📈 MARKET SNAPSHOT (Early Morning)

As of early trading this morning, U.S. stock indices are showing mixed movements:

• S&P 500 ETF (SPY): $589.39, down 0.08%
• Dow Jones ETF (DIA): $422.85, up 0.05%
• Nasdaq ETF (QQQ): $517.11, down 0.11%

🛢️ Commodities Market Update –

Gold
Gold is trading at around $3,373.80 per ounce, slightly down by 0.65%. Despite the dip, overall demand remains strong as investors look for safe havens amid global trade tensions and geopolitical instability, particularly following the recent U.S. tariff hikes.

Silver
Silver is priced at $33.88 per ounce, down about 1%. The metal has been on a volatile streak, with investor interest growing due to broader demand in both industrial applications and as a hedge against inflation.

Copper
Copper has risen to $4.90 per pound, reflecting a nearly 5% surge. This jump comes as fears over new tariffs and supply chain disruptions drive up demand for base metals. It’s the highest copper has been in nearly two months.

Crude Oil
Crude oil is trading around $63.28 per barrel, showing a modest decline of 0.07%. The price had jumped earlier in the day after OPEC+ decided to keep its production increase for July unchanged, suggesting continued tight supply even as global demand fluctuates.