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Fed Holds Rates, Warsh Signals Hikes Ahead as Markets Slide, June 20
Fed holds rates steady but signals likely hikes in 2026. Chair Warsh’s hawkish stance and higher inflation forecasts spark market selloff.
Labor Retreats on Testamentary Trust Tax Changes, June 21
Labor retreats on testamentary discretionary trust tax changes after investor backlash, carving out exemptions for genuine trusts.
Stock Market Rallies on Tech Gains, Iran Peace Deal, June 20
S&P 500 rises 1.1%, Nasdaq surges 1.9% on tech gains and Iran peace deal. Oil falls 13% as Strait of Hormuz reopens.
Japan Raises Visa Fees 5-Fold for First Time Since 1978, June 20
Japan raises visa fees 5-fold from July 1, 2026. Single-entry visas jump to 15,000 yen; multiple-entry to 30,000 yen. First increase since 1978.
Meloni Calls Trump’s G7 Photo Claim Fabricated, June 20
Meloni accuses Trump of fabricating a story about begging for a photo at the G7 summit. Italian Foreign Minister cancels US trip in protest.
SpaceX Stock Drops 8.75% After Cursor Deal, Valuation Questioned
SpaceX stock fell 8.75% after Cursor acquisition. Morningstar values it at $62; Oppenheimer targets $250. Market cap: $2.8 trillion.
US-Iran Peace Talks Delayed as Israel-Hezbollah Ceasefire Takes Hold, June 20
US-Iran talks postponed in Switzerland after Israeli strikes in Lebanon. Israel and Hezbollah agree to ceasefire. US-Iran peace deal faces early test.
U.S. Marine F-35B Jets Deploy to Finland, Test Arctic Combat, June 20
U.S. Marine F-35B jets land on Finnish highways during NATO Exercise Ramstein Flag, testing distributed operations near Russia’s border.
US-Iran Talks Postponed as Israel-Hezbollah Ceasefire Holds, June 20
US-Iran nuclear talks postponed after Israel strikes Lebanon. Israel and Hezbollah renew ceasefire. 60-day window to permanent deal remains at risk.