The United States and Iran signed a memorandum on June 17 to end their war and reopen the Strait of Hormuz. Oil prices fell back toward $80 a barrel, down from a peak of $118 in March. Shipping companies started moving vessels that had been sitting idle across the Gulf for months. For a lot
Investors were preparing for a far more cautious Wall Street, with sticky inflation figures and a Fed that refused to give markets the rate-cut signal they wanted. Wells Fargo just switched up that setup. The bank just revamped its S&P 500 view for the rest of 2026, TheFly noted, citing healthier earnings momentum, stronger fundamentals,
Apple (AAPL) customers may soon see the impact of artificial intelligence in an unwelcome place: the retail checkout screen. Apple has always relied on its vast supply chain to shield its premium-device industry from abrupt shocks. That’s helped the corporation keep its hardware engine chugging amid inflation, tariff concerns, and unpredictable customer demand. That margin
Major financial firms are racing to enter the prediction market space after the sector generated billions in trading volume over the past year. Charles Schwab, which oversees $11.77 trillion in client assets across 39.1 million active brokerage accounts, is now preparing its own entry into the space, Reuters reported. The brokerage plans to offer binary
Tesla (TSLA) has taken a lot of criticism for its self-driving ambitions. Regulators have cast doubt on the company’s safety assertions. Critics say Full Self-Driving is still an overhyping of what the system can perform. And competitors in China have been working hard to develop their own superior driver-assistance platforms. Tesla CEO Elon Musk just
For two decades, Alphabet (GOOGL) generated revenue primarily through advertising, including search ads, YouTube ads, and display ads across its network. On the company’s Q1 2026 earnings call in April, CEO Sundar Pichai described a shift in that structure. “Revenue from products built on our gen AI models grew nearly 800% year-over-year. Our enterprise AI
Although many countries are only now starting to bring in entrance fees and various other tourist taxes in response to rising visitor numbers, Japan has had this type of entrance fee for foreigners coming into the country since 1978. The 1,000 yen ($6.33 USD) fee, often dubbed the “sayonara tax” because it is added to
The Federal Energy Regulatory Commission (FERC) ordered the nation’s six largest grid operators to justify or rewrite the rules governing how data centers connect to the power grid. The action answers years of complaints that interconnection queues move too slowly for an industry building AI infrastructure on an 18-month product cycle. It does not settle
While airlines face a particularly challenging landscape with the current cost of jet fuel, many travel companies and agencies selling various holiday travel packages are also struggling with a high cost of operations and travelers who can book their own travel online. Travel Bespoke, Great Little Escapes, Salamander Voyages, and Jetline in the United Kingdom
When a CEO is buying his own company’s shares on the open market several times in a single year, and Jim Cramer is simultaneously telling viewers to buy at the same price level, I pay attention, and I also think you should. On June 18, in the Mad Money Lightning Round, Cramer was direct about