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The US-Iran memorandum signed Thursday reopens the Strait of Hormuz, through which roughly one-fifth of global seaborne jet fuel exports pass. But the pathway from a signed deal to lower fares at the checkout is considerably longer than markets may assume. Oil fields, refineries, …
The Federal Reserve's first policy meeting under Chair Kevin Warsh delivered a sharp shock to financial markets, with the S&P 500 suffering its worst session tied to a new chair's inaugural Federal Open Market Committee meeting since the mid-1990s. The central bank left benchmark …
Defence stocks came under pressure as the Iran agreement reduced the immediate conflict premium that had supported aerospace and military contractors during the war.
Wall Street’s AI hiring debate is shifting from whether models can automate junior tasks to whether they can produce work that banks can safely show clients.
US banks made a final push against proposed capital-rule changes as the consultation period closed on June 18.
Apple (NASDAQ: AAPL) unveiled a major Siri AI overhaul powered by Google Gemini, shifting its AI strategy toward model partnerships rather than direct competition in frontier-model development.
Oil prices fell Thursday after US officials said tankers carrying 12.5 million barrels moved through the Strait of Hormuz overnight, easing immediate concerns over trapped crude supplies.
Oil prices fell as the market priced a faster improvement in Middle East supply conditions after the US-Iran agreement. Brent crude traded near $78.41 on June 18, well below its late-April 2026 high above $126.
The US dollar rose after the Federal Reserve left interest rates unchanged and gave markets fewer reasons to expect near-term easing. The Committee maintained the federal funds rate target range at 3.50% to 3.75%, according to the June 17 policy statement.
Gold and silver fell after the Federal Reserve’s hawkish hold lifted the dollar and raised expectations for another rate increase before year-end.
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