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June 10, 2026

5 Things to Watch on
June 10, 2026

Inflation in Line, But Middle East Keeps Markets on Edge

Stocks are down -0.7% in premarket trading, recovering from steeper losses after May's Consumer Price Index (CPI) came in largely as expected. Headline CPI rose +0.5% MoM, matching consensus, while the YoY figure held at +4.2%. Core CPI, which strips out food and energy, came in at +0.2% MoM, a tick below the +0.3% forecast, with the annual rate at +2.9%.

Robinhood Enters IPO Underwriting

Robinhood Markets (HOOD) is flat premarket after CEO Vlad Tenev announced Robinhood Securities received approval to serve as an underwriter, moving HOOD from selling group participant to full earner in IPO fee economics. The upgrade builds on HOOD's IPO Access platform, which since 2021 has made retail allocation central to deal processes. HOOD also eliminated pattern day trading restrictions, removing the $25K minimum and PDT flags, broadening access for retail traders.

Supermicro Raises $7B for AI Server Buildout

Super Micro Computer (SMCI) is raising up to $7B through a combination of underwritten public offerings and an at-the-market program to fund components needed to fulfill roughly $39B in recent AI server orders from more than 20 customers. The package includes $1.25B in common stock and $3.75B in depositary shares, plus a $2B ATM program set to begin no earlier than Q3 2026. J.P. Morgan (JPM), Goldman Sachs (GS), and Citigroup (C) are acting as joint bookrunning managers.

Kalshi Moves to Curb Insider Trading

Kalshi plans to require users in select prediction markets to disclose their employer, targeting contracts tied to material nonpublic information, including national security and company performance events. The changes are expected in coming weeks; Kalshi won't verify employment data unless it detects suspicious activity. The measure follows two high-profile cases on rival Polymarket: a U.S. soldier charged with trading on classified military information about Venezuela's Nicolas Maduro and a Google (GOOGL) employee indicted for leveraging insider search-trends data to generate $1.2M in profits.

Anheuser-Busch Banks on World Cup Push

Anheuser-Busch InBev (BUD) is deploying Michelob Ultra as the official beer of the 2026 FIFA World Cup alongside Stella Artois and hard seltzer brand NÜTRL, with the tournament opening tomorrow in Mexico City. The campaign centers on a new "Superior Player of the Match" trophy unveiled with global ambassador Lionel Messi, awarded after all 104 matches by fan vote. BUD is modeling the effort on Heineken's (HEINY) UEFA Champions League playbook, aiming to internationalize a brand that leads U.S. beer sales by volume but carries limited recognition beyond the Americas.