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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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Jim Cramer sends a stern message to SpaceX buyers

The Street - 18 Jun 2026 23:47
Jim Cramer sends a stern message to SpaceX buyers The Mad Money host says he likes the stock but does not like how it keeps going up.
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he sports journalist discusses why investigative reporting in sports is still rare and whether fans even want it, and the problem with private equity investing in professional teams.
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Japan Airlines' CEO got a pay cut after worker misconduct. That's not so unusual in Japan. Japan Airlines CEO Mitsuko Tottori took a pay cut after misconduct by two employees, reflecting a standard practice in Japan's corporate culture.
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HIVE Lands $220 Million AI Cloud Deal With Bell Canada and Cohere HIVE Digitals BUZZ HPC unit has signed a three-year GPU cloud contract worth about $220 million as part of a Canadian sovereign AI infrastructure partnership with Bell Canada and Cohere. The deal adds to HIVEs broader pu...
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Fed's Warsh leaves markets guessing on rate hikes

The Street - 18 Jun 2026 23:17
Fed's Warsh leaves markets guessing on rate hikes Fed's Kevin Warsh's dropped forward guidance, launched major reforms and left investors reassessing interest-rate hike odds amid inflation risks.
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Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
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Analysis showed how much the UK could have grown if it had not exited the EU.
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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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Morgan Stanley sees writing on wall for key drug research stocks Morgan Stanley raised Charles River's price target to $220 and cut IQVIA's to $200, citing biopharma funding trends and AI risks to CROs.
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My kids rarely get screen time. 'Toy Story 5' reinforced why. As a parent who strictly limits screens, I left 'Toy Story 5' feeling unexpectedly validated by its message.
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Netflix stock shows recovery signs after bombshell takeover report Netflix shares are up slightly after a rocky week of trading.
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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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