business

Federal Reserve Projects One Rate Hike in 2026, Chairman Kevin Warsh Likely Abstains from Forecast

06/17/2026, 11:36 AM business forecast

The Federal Reserve's recent projections indicate a potential rate increase in 2026, with a notable absence of input from Chairman Kevin Warsh, which could signal a shift in the Fed's communication strategy.

Federal Reserve Chairman Kevin Warsh Implements Significant Changes to Rate Statement

06/17/2026, 11:36 AM business announcement

The Federal Reserve's latest statement, significantly shorter and more concise under Chairman Kevin Warsh, marks a shift in communication style and approach to forward guidance, which could influence market expectations and investor sentiment.

Federal Reserve Holds Interest Rates Steady Under Chairman Kevin Warsh, Signals Possible Hikes Ahead

06/17/2026, 11:36 AM business announcement finance

The Federal Reserve, led by new Chairman Kevin Warsh, decided to maintain interest rates while signaling potential hikes ahead, reflecting a shift in policy language and economic outlook that could influence market expectations.

CarMax (KMX) Shares Decline 8% Despite Earnings Beat and CEO’s Turnaround Strategy Announcement

06/17/2026, 10:37 AM business stock_drop CarMax

CarMax's shares dropped about 8% despite beating earnings expectations, as investors remain cautious about the company's growth prospects and cost-cutting efforts under its new CEO's turnaround strategy.

Stocks Making Significant Moves Midday: SpaceX, JPMorgan, UniQure, Intel, and More

06/17/2026, 10:37 AM business review JPMorgan Chase Aehr Test Systems La-Z-Boy SpaceX Intel CarMax Salesforce AST SpaceMobile

Midday trading saw significant movements in various stocks, with SpaceX experiencing a decline after a strong IPO, while bank stocks reached new highs, indicating a broadening bull market.

JetBlue Airways to Close Newark and LaGuardia Operations to Focus on Fort Lauderdale Expansion

06/17/2026, 09:36 AM business announcement transportation JetBlue Airways

JetBlue Airways is closing its flight attendant and tech operations bases at Newark and LaGuardia airports to cut costs and enhance its service in Florida, while ensuring no job losses for its staff. This strategic shift aims to bolster profitability as the airline focuses on expanding its presence at Fort Lauderdale-Hollywood International Airport.

UniQure Plans to Seek FDA Approval for Huntington’s Disease Gene Therapy Following Positive Meeting with Agency

06/17/2026, 09:36 AM business announcement UniQure

UniQure's plan to seek FDA approval for its gene therapy targeting Huntington's disease marks a significant turnaround after previous rejections from the agency, potentially opening the door for a new treatment in a challenging market for rare diseases.

Survey Reveals Target, Walmart, and Amazon Among Brands Losing LGBTQ+ Consumer Spending Due to DEI Policy Perceptions

06/17/2026, 08:37 AM business review Costco Ben & Jerry's Amazon Delta Air Lines Kroger Walmart Target Apple

A recent survey by the Human Rights Campaign Foundation reveals that LGBTQ+ consumers are increasingly shifting their spending based on companies' diversity, equity, and inclusion (DEI) policies, significantly impacting brand loyalty and sales.

Analysts recommend selling August $135 Puts on SpaceX (SPCX) for potential high yield

06/17/2026, 08:37 AM business recommendation Analysts: analysts finance SpaceX

The recent surge in SpaceX's stock price has led to unprecedented options trading activity, presenting both speculative opportunities and hedging strategies for investors. This dynamic illustrates the volatility surrounding newly listed stocks and the potential for profit or loss in the options market.

President Trump Cancels Jay Clayton’s Confirmation Hearing for Director of National Intelligence

06/17/2026, 08:37 AM business announcement

President Trump's decision to cancel the confirmation hearing for Jay Clayton as director of national intelligence raises concerns about the reauthorization of a key intelligence authority, potentially impacting national security operations.