Today: 18 June 2026

Archer Aviation trades under $7 as next test looms for air-taxi gamble

Archer Aviation trades under $7 as next test looms for air-taxi gamble

Archer Aviation shares dipped below $7 premarket after closing at $6.74, as investors weigh heavy cash burn—$217.7 million Q1 net loss, $1.78 billion cash on hand—against hopes for first U.S. eVTOL flights this year; Cantor Fitzgerald cut its price target to $11 but kept an Overweight rating, while 46 disclosed risks and ongoing certification challenges cloud near-term outlook.
3 June 2026
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Legend Biotech jumps 42% as traders look at results from small cancer study

Legend Biotech jumps 42% as traders look at results from small cancer study

Legend Biotech shares soared 42% to $36.28 after early Phase 1 data showed all six higher-dose patients with relapsed or refractory B-cell non-Hodgkin lymphoma responded to its in vivo CAR-T therapy LB2501, with five complete responses; UBS raised its price target to $49, citing the therapy’s outlook, but the results are early and based on a small group with short follow-up.
3 June 2026
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American Airlines Puts 23,000 Football Seats in Play—But the Real Challenge Starts Post-Kickoff

American Airlines to Pause Pittsburgh-LA Route Starting June 3

American Airlines will suspend its daily Pittsburgh-Los Angeles nonstop flights from Aug. 5 to Oct. 4 due to high jet fuel costs, impacting one of Pittsburgh International Airport’s key West Coast routes and reflecting a $4 billion-plus fuel expense increase this year, as the airline trims schedules nationwide to offset rising costs.
3 June 2026
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Partners Group Drops 17% After Cap on $8.6 Billion Fund Outflows

Partners Group Drops 17% After Cap on $8.6 Billion Fund Outflows

Partners Group shares plunged 16% to CHF 687.30 after capping withdrawals from its $8.6 billion Global Value SICAV fund, as redemption requests hit 9.8% of net asset value, nearly double the 5% quarterly limit; the move triggered sharp declines in peers EQT, CVC, and Bridgepoint, and marked the worst day on record for Partners Group shares, now down about 30% for the year.
3 June 2026
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Idaho Power Pushes for Two New Gas Plants; Customer Timeline Starts

Idaho Power Pushes for Two New Gas Plants; Customer Timeline Starts

Idaho Power seeks state approval for two new gas plants to address projected capacity deficits of 236 MW in 2029 and 352 MW in 2030, with no immediate rate hike proposed; parent IDACORP says the case is pending, and large customers plus clean-energy groups have joined the proceeding as intervenors.
3 June 2026
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Stock Market Today

  • AI Risks Highlighted in NSE IPO Filing
    June 18, 2026, 12:45 AM EDT. The National Stock Exchange (NSE) warned in its initial public offering (IPO) documents that artificial intelligence (AI) systems may yield inaccurate, biased, or sub-optimal results. These risks stem from flawed algorithms, poor-quality data, or unexpected interactions among different AI systems. The caution underscores challenges investors should consider amid rising AI reliance in financial markets.

Latest articles

Wall Street Slips After Hours, Fed Flags Rate Risk

Wall Street Slips After Hours, Fed Flags Rate Risk

18 June 2026
S&P 500 plunged 1.2%, Nasdaq 1.3%, and Dow 507 points after the Fed held rates steady but signaled a possible hike, raising its 2026 rate forecast to 3.8% and PCE inflation projection to 3.6%; all 11 S&P sectors fell, megacap tech stocks slumped, and after-hours index ETFs stayed lower as traders face a shortened week before Juneteenth.
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.
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