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Business News

Location American Business News for 18 June 2026
A hot-mic incident at the G7 summit in France captured candid conversations among world leaders, revealing discussions on Greenland, smoking, and football before formal talks commenced.
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The firm's outgoing boss Tim Cook did not say when prices will rise or which products will be affected.
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Fed Warsh era kicks off with big surprise no one saw coming Kevin Warsh launched a major Fed overhaul, dropped forward guidance and unveiled five task forces as inflation concerns reshaped rate forecasts.
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Two key things that need to happen before Strait of Hormuz traffic can return to prewar levels The U.S. and Iran agreed to a framework for a peace deal that extends their cease-fire for another 60 days. Now, a series of practical steps are needed for traffic to pick back up through the shipping chokepoint.
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Another airline shuts down and cancels all flights over fuel crisis The airline is reported to have suspended operations amid a jet fuel shortage.
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The next two weeks could be a bumpy ride for U.S. stocks. Buy any dip, this strategist says. Citadel Securities strategist Scott Rubner says one of the most important two weeks of the year is here, and that could open buying opportunities for stocks.
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Bitcoin ETFs Lose $82M as Ark and Blackrock Reverse Prior Session Gains Crypto ETF flows turned negative again on Wednesday, June 17, as bitcoin and ether funds reversed the prior sessions broad gains. Still, HYPE and solana ETFs attracted fresh capital, showing that modest demand remains al...
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Bitcoin, ether slide after a hawkish Fed, even as Trump's signed Iran deal lifts stocks The Fed held rates but signaled it is more worried about inflation than growth in Chair Kevin Warsh's first meeting.
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Next bull run will be slower, less volatile as investors' crypto appetite evolves, Bitwise CIO says Long-time bitcoin bull Matt Hougan told CoinDesk that during this bear market and with doubts swirling, investors have found it easier to reach for something more tangible: stablecoins and tokenization.
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HyperFund Promoter Bitcoin Rodney Pleads Guilty in $1.8 Billion Crypto Scam HyperFund drew $1.8 billion from investors worldwide through a crypto platform prosecutors described as a global wire-fraud scheme. Promoter Bitcoin Rodney pleaded guilty to a federal conspiracy charge after authorities ...
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AI jitters trigger another sell-off in IT stocks

livemint.com - 18 Jun 2026 23:04
AI jitters trigger another sell-off in IT stocks Accenture reports its lowest quarterly new order bookings since Q1FY25, sending shares of homegrown IT firms listed in the US into a tailspin
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Govt approves EPF rate of 8.25% for FY26: When will subscribers receive the interest amount? The EPFO can officially credit interest to subscribers' accounts only after the rate recommended by its governing body receives the Finance Ministry's approval.
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Tether Phases out aUSDT Stablecoin, Refocuses on XAUT Gold Token Tether will phase out Alloy by Tether and its gold-backed aUSDT token after reviewing user activity and market demand. Existing users have three months to unwind positions and recover their XAUT collateral. Tether Shuts ...
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The Washington Outlet NOTUS Wont Be The Star After All

The New York Times - 18 Jun 2026 21:51
The Washington Outlet NOTUS Wont Be The Star After All The publication is abandoning a planned rebranding after resolving a trademark dispute with the new publisher of The Washington Star.
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January 2025 wildfire victims seek tougher penalties against State Farm over claims handling The Every Fire Survivors Network, a group of January 2025 fire victims, has filed a petition to join state regulators seeking to fine State Farm over its claims handling practices.
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Are You a Recent College Graduate Who Moved Back Home? We Want to Hear From You. If you lived with your parents for nine months or more after graduation, please tell us how you came to the decision and whether the job market influenced your thinking.
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SpaceX options volume explodes as trading kicks off. Here is a low-risk strategy to play the massive surge. This pro-level move minimizes out-of-pocket costs and helps manage risk.
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The state's trial attorneys and Uber say they have reached a last-minute deal to scrap their competing ballot measures over car crash lawsuits and sexual assaults, averting what was gearing up to be one of most expen...
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China Onboards 26 Global Institutions to Its New Digital Yuan Cross-Border Payment Network The 26 institutions are Chinese bank branches located in Brazil, Qatar, Thailand, Hong Kong, and Macau, plus Chinas branch of Standard Chartered, and will join PBOCs Cross-border e-CNY Transfer Services (CBETS). The move...
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Three generations of Knicks fans celebrate watching the Knicks Championship Parade
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Dollar touches highest level in more than a year. Why this latest rally might be overdone. The U.S. dollar headed Thursday for its highest close in more than a year, as investors continued to digest the Federal Reserves Wednesday meeting, which revived the possibility of further interest-rate increases.
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Micron, other memory stocks are having their best year ever. Why do they still look so cheap? Some of the AI booms biggest earners have become its biggest bargains.
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