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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.
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.
XRP Faces Valuation Test at $1.28 as Tokenomics Debate Heats Up
XRP trades at $1.28 with $80B market cap. Investors debate if tokenomics make it overvalued despite XRPL adoption and new tokenized asset inflows.
Kroger Stock Falls 8% After Q1 Earnings Miss on Margin Pressure
Kroger stock fell 8% after Q1 earnings miss despite revenue beat. Gross margins compressed from diesel costs and price cuts; e-commerce profitable.
SpaceX Stock Falls 6.5% as Post-IPO Rally Cools, June 20
SpaceX stock falls 6.5% to $178.50 after post-IPO rally fizzles amid valuation concerns and profit-taking.
Temasek Invests ₹1,000 Crore in Svakarma Microfinance, June 20
Temasek invests ₹1,000 crore in Svakarma, a microfinance company serving India’s micro businesses and supporting financial inclusion.
SpaceX Stock Falls to $185 After Cursor Deal, June 19
SpaceX stock falls to $185 after Cursor acquisition. Down from $212 peak but 37% above IPO price. Morningstar fair value estimate: $62.
Jersey Mike’s Tops Chick-fil-A in Customer Satisfaction, June 19
Jersey Mike’s scores 84 out of 100 to beat Chick-fil-A’s 83 in the 2026 ACSI Restaurant Study, ending an 11-year reign as top-rated fast-food chain.
Telus Dividend Yield Hits 10% as Telecom Pressure Mounts, June 19
Telus dividend yield exceeds 10% despite 12% earnings decline. Company maintains $0.42 quarterly payout with 75% coverage ratio projected for 2026.