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Senate Democrats Block Trump’s West Coast Oil Reserve Plan, June 18
Senate Democrats oppose Trump’s West Coast Strategic Petroleum Reserve, claiming it violates law and usurps congressional authority over oil storage.
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…
FTSE 100 Falls 0.5% Ahead of BoE Rate Decision as Oil Prices Slide Despite Strong UK Wage Growth
The FTSE 100 traded lower on Thursday as investors stayed cautious before the Bank of England interest rate decision. Although the latest UK labour market data showed stronger-than-expected wage growth, falling oil prices and uncertainty over monetary policy kept buyers on the sidelines. Markets also reacted to easing energy prices after signs of lower geopolitical…
Fed Holds Rates at 3.5%-3.75%, Warsh Signals Hike Possible by Year-End, June 18
Fed holds rates at 3.5%-3.75% and signals possible hike by year-end under Chair Warsh. Nine members project rate increases in 2026.
Uttar Pradesh Crosses 2 GW Solar Milestone, Joins Elite States Club
Uttar Pradesh reaches 2 GW rooftop solar capacity, joining elite states. Growth driven by PM Surya Ghar Muft Bijli Yojana scheme.
IPO’s Today: SBI, Bank of Baroda Eye Multibagger Gains from NSE IPO OFS; LIC Holds Stake
The IPO market is once again in focus as the much-talked-about NSE initial public offering moves through its offer-for-sale phase. Major state-backed financial institutions like State Bank of India and Bank of Baroda are drawing attention as potential big winners from early investment in the exchange’s unlisted journey. At the same time, LIC has chosen…
Tesla Stock Gains as Musk Exercises $116B Pay Package, June 18
Elon Musk exercises $116B Tesla pay package, acquiring 303.96M shares. Merger speculation with SpaceX heats up among analysts.
Fed Holds Rates Steady, Signals Hike by Year-End Under Warsh, June 18
Fed maintains rates at 3.5%-3.75% under Chair Warsh. Nine officials signal year-end hike; inflation at 4.2%, highest in three years.