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Affirm Stock Falls 5.3% to $70.73 on Valuation Concerns, June 18
Affirm stock fell 5.3% to $70.73 on June 17 amid valuation concerns and sector headwinds affecting the buy-now-pay-later fintech lender.
Brent Crude Slides 2.2% and WTI Falls 2.5% After U.S.-Iran Agreement Reopens Strait of Hormuz
Brent crude dropped 2.2% and WTI crude fell 2.5% on June 18, 2026, after a breakthrough U.S.-Iran agreement raised expectations that the Strait of Hormuz would reopen to global shipping. The move quickly eased concerns about oil supply disruptions that had pushed prices higher in recent weeks. As traders reassess the balance between supply and…
Evonik Shares Drop as Chemical Giant Plans 3,200 Job Cuts and Exit From Polyester Business by 2027
Evonik shares came under pressure on June 18, 2026, after the German chemicals giant announced plans to cut 3,200 additional jobs and exit its polyester business by 2027. The move is part of a broader effort to reduce costs and improve profitability in a challenging market. While the company hopes the restructuring will strengthen its…
Japan Stocks Hit Record High as Nikkei 225 Surges 1.75%; Ajinomoto and Murata Lead Gains
Japan’s equity market ended sharply higher, with Japan Stocks touching fresh record levels as global investors increased risk exposure. The Nikkei 225 rose 1.75% in a single session, driven by strong buying in technology, electronics, and food-related companies. Market sentiment stayed positive throughout the trading day, supported by strong corporate earnings outlook and steady foreign…
ATO Outsourced Workers Paid 40% Less Than Public Servants, June 18
ATO outsourced call centre workers earn 40% less than public servants, with wage gaps widening at senior classification levels.
Strategy Inc (MSTR) Faces Dividend Strain as Bitcoin Holdings Weigh on Stock
MicroStrategy (MSTR) stock faces pressure as STRC preferred stock trades below par. Dividend coverage and acquisition strategy draw analyst scrutiny.
Strategy Inc (MSTR) Defends Bitcoin Sales as Dilution Fears Mount, June 17
Strategy Inc defends bitcoin sale as strategic move to build credit products and generate preferred dividend revenue amid competition.
Yum Brands Sells Pizza Hut for $2.7B to LongRange Capital, June 17
Yum Brands sells Pizza Hut to LongRange Capital and Yum China for $2.7B, splitting operations as the brand faces declining sales.
GOOGL Stock $373.25 Rises 1.06% (+$3.90) While CMA Demands Fairer Google Search Results
GOOGL moved higher on June 17, 2026, even as fresh regulatory pressure landed from across the Atlantic. Alphabet’s Class A shares traded at $373.25, up from a previous close of $369.35, with an intraday range of $367.06 to $376.00 and a market cap of $4.55 trillion. On the same day, the UK’s Competition and Markets…