Daily Digest — 29 May 2026

Global markets showed resilience today as geopolitical tensions in the Middle East appeared to ease slightly. Stock futures held steady despite ongoing uncertainty around US-Iran relations, with tech shares continuing their momentum to push major indices to fresh records. Oil prices fell 1.1% to $87.95 as reports emerged that the US and Iran are “very close” to a ceasefire extension deal, though Iran reportedly launched missiles as Trump weighs a two-month pause in hostilities.

The space industry faced a significant setback as Blue Origin’s New Glenn rocket exploded during testing in Florida, dealing a major blow to Jeff Bezos’ ambitions to compete with SpaceX. The explosion, which occurred during a static fire test at Cape Canaveral, threatens Blue Origin’s role in NASA’s Artemis program. Meanwhile, artificial intelligence continued its enterprise push as Glean tripled revenue to cross $300 million by positioning AI as a cost-cutting solution rather than just a productivity tool.

Cryptocurrency markets remained relatively muted despite broader market strength, with Bitcoin gaining just 0.9% despite record stock prices and easing war fears. XRP surged above $1.30 on heavy volume, though analysts warn bears still control the broader trend.