Plus, could there be an oil glut now?
Day: June 18, 2026
Even More Investors Want Out of Private Credit
Analysts expect high withdrawals to last more than a year, increasing the risk of forced liquidations.
The Company That Created the Checkbook Is Buying a Payment Processor
Deluxe is purchasing private-equity-backed Celero Commerce, which services small and midsize businesses, for $625 million.
CME Sues U.S. Regulator to Stop Kalshi From Offering Popular ‘Perp’ Futures
The CFTC recently greenlighted Kalshi’s plan to list perps in the U.S. CME, the dominant derivatives…
Stock Market Today: U.S. Stocks Close Week on a Strong Note
Gasoline slips below $4 as Iran, U.S. sign an interim pact to wind down the war
Wall Street Hiring Dilemma: AI Can Model but Can’t Make the Next Rainmaker
Executives are reluctant to slash jobs, with rainmakers often starting out as junior bankers performing rote…
This State Is Testing Out AI Doctors—and Actual Doctors Aren’t Happy About It
Utah’s pilot program to have artificial-intelligence chatbots refill prescriptions has angered doctors who worry it isn’t…
Apple to Raise Prices Due to Memory Chip Crunch, Tim Cook Says
The CEO tells the Journal in an exclusive interview that soaring costs make price increases “unavoidable.”
We Did the Math on Why the iPhone 18 Pro Could Cost $1,299
The memory-chip crunch is pushing up prices for all electronics. Even Apple, which dominates the supply…
The $13 Billion AI Startup Betting on Cheaper Alternatives to OpenAI, Anthropic
Baseten, part of a growing Silicon Valley ecosystem offering services to enable low-cost AI models, is…