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Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
US stock futures edged up as Wall Street digested the interim peace deal between the US and Iran as well as the latest Federal Reserve decision on interest rates.
A number of stocks fell in the afternoon session after the Federal Reserve held its benchmark rate at 3.5%–3.75%, where it sat since the central bank cut by three-quarters of a point in late 2025, while its dot plot signaled the easing cycle might reverse.
Elon Musk boosted his voting power in Tesla to 20% by turning some of his stock options into shares that he can immediately vote but can’t sell until 2028. Fresh off last week’s SpaceX IPO, Musk made good on an April agreement with Tesla to convert outstanding options on roughly 300 million shares that he received from a 2018 pay package, securities filings show. The unusual transaction meant Musk didn’t walk away with more plain-vanilla Tesla shares.
According to a media report, the leader of its internal AI initiative is leaving the company.
XPeng Inc (XPEV) reports strong vehicle deliveries and AI-driven growth, but faces revenue declines and increased costs impacting financial performance.
Edreams Odigeo SA (EDEMY) outlines ambitious membership growth targets and financial strategies while addressing revenue margin pressures and transparency concerns.
<body><p>STORY: U.S. stocks ended lower on Wednesday, as the Dow dropped about 1%, the S&P 500 shed 1.2% and the Nasdaq slid about one-and-a-third percent. </p><p>Kevin Warsh held his first press conference as Federal Reserve Chair on Wednesday after the central bank wrapped its June policy meeting. The Fed left interest rates unchanged, as expected, but new projections showed nine central bank officials expect at least one rate hike by the end of 2026. </p><p>Warsh himself did not submit an interest-rate-path projection, noting that the central bank would scale back on offering forward guidance. </p><p>Brian Mulberry is chief market strategist at Zacks Investment Management.</p><p>"The market's just kind of digesting, I think, a lot of this right now, as we all probably need to sleep a couple of nights on this and figure out what's going to happen next. But I think what you're going to find out is that the Fed is just going to come back to providing stable monetary policy over a long period of time and stop trying to forecast so much what's going to happen month to month, meeting to meeting, and where interest rates should go is simply down to around 2.5 or 3.5%, stay there, so that inflation can be about 2 to 2.5% over a long period of time."</p><p>::Archive</p><p>Meanwhile, oil prices edged back up on Wednesday after President Donald Trump said the agreement with Tehran on the Iran war was not final and that the conflict could resume if he is unsatisfied.</p><p>Among individual stock moves, CME Group slipped about 3.5% after the exchange operator said its CEO will step down on March 1 and transition to the role of executive chairman.</p><p>And shares of Allbirds soared 39% after the footwear maker-turned-AI company changed its name to Smartbird and appointed former Amazon executive Nadia Carlsten as CEO.</p></body>
Baidu Inc (BIDU) reports robust growth in AI-driven sectors despite a slight dip in overall revenue, showcasing strategic advancements in AI Cloud and robotaxi operations.
The stock is down 10.5% this month, after closing May 8% lower.
Sequoia Capital’s Roelof Botha, who previously served as the firm’s top leader, has joined SpaceX as a director on its board. Botha will serve as an independent director, expanding the new public company’s board to nine people including Chief Executive Elon Musk and President Gwynne Shotwell.
Morgan Stanley’s real estate investing arm is now a landlord to 3,200 London households. The deal closes an 18-month sale process that began when one of England’s largest housing associations decided market-rate rentals no longer fit its mission. What looks like a routine property transaction ...
S&P Dow Jones indexes said it won't make any special rule changes to allow SpaceX into the S&P 500.
Plus, more Fed officials signal a rate increase is coming soon, and pool owners feel blue about the color blue.
Apple plans to raise prices on its products to offset increasing memory and storage chip costs, CEO Tim Cook told the Wall Street Journal in an interview. A surge in AI-driven demand for data centers has forced consumer electronics companies into a fierce competition for dwindling supplies of the key components, driving prices sharply higher. Groups representing automakers, retailers, electronic firms and others had warned earlier this month that the increasing demand for memory chips could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains.
Stocks fall and bond yields jump after central-bank officials signaled rates could rise by the end of the year.
The loudest feedback on Kevin Warsh's first press conference as Fed chairman came from the bond market. Just look at the Treasury yield curve. U.S. debt maturing in 10-years now yields only 0.7663 percentage points more than debt maturing in 2 years.
Warsh kicked off his first official meeting as chair of the Federal Open Market Committee with a bang.
Stocks suffered broad, sharp losses on rate hike bets after the first Warsh Fed meeting. SpaceX fell for the first time while Robinhood jumped.
Yahoo Finance's Josh Lipton takes a look at the top stories for investors to watch on Thursday, Jun. 18, including Accenture (ACN) and Kroger (KR) earnings, initial jobless claims, and weekly mortgage rates.
(Updates with index/price moves, FedWatch outlook, macro data, and political/company news from the f
The memory-chip crunch is pushing up prices for all electronics. Even Apple, which dominates the supply chain, isn’t spared.
Jabil Inc (JBL) reports a 12% revenue increase and raises fiscal 2026 outlook, fueled by robust AI demand and strategic wins in the hyperscale market.
The CEO tells the Journal in an exclusive interview that soaring costs make price increases “unavoidable.”
In an official statement shorter than 150 words, the Fed eschewed forward guidance from the Fed Chair.
Moby summary of Jabil Inc.'s Q3 2026 earnings call
SpaceX's record-setting IPO has investors rushing into space stocks. From Rocket Lab to AST SpaceMobile, here's how to separate the durable winners from the hype in a fast-growing $1 trillion market.
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.99%. June E-mini S&P futures (ESM26 ) fell -1.19%, and June E-mini Nasdaq futures...
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