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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.
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.
BAE Systems Pitches T-7 Red Hawk for RAF Trainer Role, June 20
BAE Systems’ T-7 Red Hawk competes to replace RAF Hawk as militaries modernize pilot training with advanced jet trainers.
Trump Unveils Qatar-Gifted Boeing 747 as New Air Force One, June 20
Trump’s interim Air Force One: Qatar-gifted Boeing 747 with new livery bridges gap until 2028 Boeing deliveries.
Mars Removes Blue and Brown M&Ms in August Launch, Cites Dye Costs
Mars launches dye-free M&Ms in August with red, orange, and yellow colors, removing blue and brown due to natural dye costs.
Serious Fire Engulfs Middlesbrough Shop on Linthorpe Road, June 20
Eight fire engines tackle serious fire at Middlesbrough takeaway on Linthorpe Road. Emergency services respond with cordon in place.
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.
Leuna Chemical Plant Files for Insolvency Again, June 20
Leuna chemical plant in Germany files for insolvency after rescue attempt fails. State energy minister says new investors may still save it.
Accenture Stock Plunges 18% on Weak Guidance, June 20
Accenture stock falls 18% to lowest level since 2017 after cutting revenue guidance to 4% growth amid AI and geopolitical concerns.