Today: 18 June 2026

Mortgage Rates Drop but Homebuyers Stay on Sidelines

Mortgage Rates Drop but Homebuyers Stay on Sidelines

U.S. 30-year mortgage rates dipped to 6.48% from 6.53%, but mortgage applications fell 2.5% for the week ended May 29, with purchase demand down 3%, as lower rates failed to revive buyer activity; forecasts see only slow relief ahead, while median home list prices dropped 2.4% in May, the steepest annual decline since 2017.
5 June 2026
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T1 Energy Stock Touches 52-Week High After $32M Battery Deal Draws AI Investors

T1 Energy Stock Touches 52-Week High After $32M Battery Deal Draws AI Investors

T1 Energy surged 1.4% to $11.66, hitting a 52-week high after agreeing to buy KORE Power for $32 million, expanding into battery storage and AI data center power; the company expects the deal to boost EBITDA in 2026 and add $15–$20 million in 2027, but closing depends on approvals and faces risks from project delays, supply chain, and clean-energy policy uncertainty.
4 June 2026
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Merck Stock Gains as Keytruda Concerns Ease, Investors Look to Pipeline Bets

Merck Stock Gains as Keytruda Concerns Ease, Investors Look to Pipeline Bets

Merck shares surged 4.9% to $120.26 after ASCO data showed its new cancer drug sac-TMT combined with Keytruda improved progression-free survival, reinforcing confidence in Merck’s post-Keytruda pipeline as investors weigh looming patent expirations and competition, with the stock’s rally fueled by optimism but tempered by risks of future trial and regulatory outcomes.
4 June 2026
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Lululemon Slashes Outlook, Raising Pressure on Incoming CEO

Lululemon Slashes Outlook, Raising Pressure on Incoming CEO

Lululemon slashed its annual revenue and profit forecasts due to weak U.S. demand, sending shares down about 9% in after-hours trading; the company now expects fiscal 2026 revenue of $11.00–$11.15 billion and EPS of $10.95–$11.15, both below previous guidance, as gross margin fell and U.S. sales dropped despite international growth.
4 June 2026
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Planet Labs tops revenue estimates, faces next challenges

Planet Labs tops revenue estimates, faces next challenges

Planet Labs smashed revenue estimates with a record $94.2 million, up 42% year-over-year, as government and defense demand drove backlog up 72% to $906 million, but net loss ballooned to $138.9 million due to a $106.5 million warrant-liability revaluation tied to the share price surge; Planet forecast Q2 revenue of $102–$107 million and adjusted EBITDA profit of up to $5 million.
4 June 2026
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Patterson-UTI Shares Up as Oil Slips

Patterson-UTI Shares Up as Oil Slips

Patterson-UTI Energy shares jumped 3.1% to $12.39, outpacing oil peers and the broader market, as the company forecast rising rig counts, higher dayrates, and $220 million in Q2 adjusted EBITDA, despite falling crude prices and a historic low in drilled-but-uncompleted shale wells, signaling strong demand for drilling activity.
4 June 2026
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ASML Trading Close to €1,500 After New Wall Street Backing

ASML Trading Close to €1,500 After New Wall Street Backing

ASML shares surged near €1,500 in Amsterdam after BofA and Barclays raised price targets, citing strong EUV tool demand and increased visibility from major chipmakers like TSMC, which confirmed ongoing AI-driven supply constraints; both brokerages warned that China export restrictions and weaker chip spending remain key risks.
4 June 2026
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Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow surges 1.6% to a record 51,496.83 as investors rotate into healthcare and financial stocks after Wednesday’s selloff, while Broadcom plunges 11.2% on missed revenue and flat AI-chip guidance, capping Nasdaq gains; oil drops 3% on Middle East ceasefire hopes, but risks from chip sector weakness and geopolitical tensions remain, Reuters reports.
4 June 2026
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ChronoScale Shares Jump After Tesla Alum Joins AI Compute Effort

ChronoScale Shares Jump After Tesla Alum Joins AI Compute Effort

ChronoScale shares soared nearly 18% to $22.43 after appointing ex-Tesla VP Raj Jegannathan as CTO and Lawrence Lam as CPO, just a month after its Nasdaq debut following a merger with Applied Digital’s cloud business and Ekso Bionics; Applied Digital and affiliates hold about 97% of shares, giving the company a $3.21 billion equity value, while investors weigh execution risks and integration challenges.
4 June 2026
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Stock Market Today

  • Meta Shares Slide Amid Fed Rate Hike Signals; AI Unit Departure Adds Pressure
    June 17, 2026, 8:13 PM EDT. Meta Platforms shares fell 5.5% to $567.58, underperforming the Nasdaq's 1.34% drop as the Federal Reserve suggested possible future interest-rate increases. The Fed held rates steady at 3.50%-3.75% but highlighted inflation concerns and a 'hawkish tilt' toward tighter monetary policy. Meta's long-term profit bets face devaluation amid rising rates. Investor worries intensified after Meta announced Emily Dalton Smith's departure, the lead on its AI agent project Metamate, spotlighting execution risks in its AI push. Despite selloff pressures, Meta reported Threads app hitting 500 million monthly users, underlining ongoing growth amid tech sector headwinds.

Latest articles

Meta Drops as Fed Signal Hurts Nasdaq, AI Bet Draws Scrutiny

Meta Drops as Fed Signal Hurts Nasdaq, AI Bet Draws Scrutiny

18 June 2026
Meta plunged 5.5% to $567.58, underperforming the Nasdaq, after the Federal Reserve signaled possible future rate hikes and a key Meta executive tied to AI-agent work departed, raising pressure on Meta to prove its costly AI investments can deliver returns as higher rates threaten future profit values.
Microsoft Drops as AI Spend Concerns, Fed Rate News Hit Shares

Microsoft Drops as AI Spend Concerns, Fed Rate News Hit Shares

18 June 2026
Microsoft plunged 3.8% to $378.91—outpacing the Nasdaq’s 1.3% drop—as investors reacted to a possible 2026 Fed rate hike and mounting scrutiny over Microsoft’s soaring AI spending, with capex projected at $190 billion for 2026 and a shareholder lawsuit alleging inadequate Azure growth disclosures adding further pressure.
Intel up as CPU demand, 18A-P chip update push shares higher

Intel up as CPU demand, 18A-P chip update push shares higher

18 June 2026
Intel shares jumped 3.5% to $121.10 after its 18A-P chip process entered risk production, signaling progress in its foundry business, but the unit remains unprofitable and faces risks including competition and uncertain demand; Bernstein raised its price target to $100, citing stronger server CPU demand.
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