June 18, 2026

06 Market

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Excerpt from www.kake.com

From labels such as Tzar Studios, a “visually provocative contemporary menswear brand… inspired by the ethos of the metrosexual man,” to ready-to-wear brand Weiz Dhurm Franklyn, these clandestine, “invite only” shows are curated by designers who keep locations discreet and hand-pick trusted journalists, influencers, celebrities and fashion industry figures to sit in the audience.

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Excerpt from www.kxnet.com

Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year.

The rate fell to 6.95% from 6.99% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.69%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased this week, lowering the average rate to 6.17% from 6.29% last week. A year ago, it averaged 6.10%, Freddie Mac said.

“Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” said Sam Khater, Freddie Mac’s chief economist.

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Excerpt from www.investing.com

Michael S. Dell, the Chief Executive Officer of Dell Technologies Inc. (NYSE:), has recently sold shares of the company worth more than $761 million. The transactions, which occurred over a span of several days, involved the sale of Dell Technologies Class C Common Stock at varying prices.

The sales took place on June 11, 12, and 13, with prices per share ranging from $130.85 to $135.96. Notably, the sales on June 11 included shares sold at a weighted average price of $130.85, with individual transactions within that day ranging from $130.14 to $131.13. Similarly, on the same day, other shares were sold at a weighted average price of $131.73, with prices ranging from $131.14 to $132.13.

As the week progressed, the sales continued with shares on June 12 being sold at weighted average prices of $130.85 and $131.77, corresponding to price ranges of $130.185 to $131.18 and $131.185 to $132.18, respectively. Further sales on June 12 saw shares sold at an average of $132.46, with a price range of $132.185 to $132.94.

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Excerpt from www.laughingplace.com

Disney has dropped their appeal in the first amendment lawsuit against Florida Gov. Ron DeSantis, which effectively ends the years-long back and forth that started with Disney’s opposition to the so-called “Don’t Say Gay” bill, according to a report from Variety.

 

What’s Happening:

  • The Walt Disney Company has dropped their appeal today (June 13th, 2024) in their first amendment lawsuit against Florida Gov. Ron DeSantis.
  • The move effectively ends a back & forth that had started over two years ago when the company (led by then-CEO Bob Chapek) opposed a state law enacted, commonly referred to as the “Don’t Say Gay” bill.
  • The dropping of the appeal comes only a day after a Florida state board approved a 15-year development agreement, which will allow the company to invest up to $17 billion dollars to expand the parks and offerings at Walt Disney World in Orlando.
  • The years-long battle had already left Disney in a lesser position, as they lost control over Reedy Creek Improvement District, a government body that was put in place ahead of the construction of Walt Disney World back in 1967. Gov. Ron DeSantis implemented the Central Florida Tourism Oversight District (CFTOD) in its place, effectively taking control away from the Walt Disney Company when it comes to determining what can and can’t be done with their over 40 square miles of property.

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Excerpt from au.finance.yahoo.com

(Bloomberg) — Brazil is reaping the benefits from a US biofuels boom, undercutting American farmers by flooding the market with a little-known commodity that can be used to make renewable fuels.

Most Read from Bloomberg

American purchases of Brazilian cattle tallow, a form of waste fat, climbed 377% in the first four months of 2024 from a year earlier. Brazil has accounted for nearly all the 40% increase in overall tallow shipments into the US in the period.

US fuelmakers, including Diamond Green Diesel LLC and Marathon Petroleum Corp., are turning overseas for cheaper raw materials that will help boost their margins. Renewable diesel made from waste fat or used cooking oil has a lower carbon score than soy oil and therefore gets higher tax credits in California, where a large part of US green diesel currently is consumed.

“As long as the rules are the way they are these biofuel companies are going to use whatever is cheapest,” said John Baize, an independent analyst who also advises the US Soybean Export Council.

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Excerpt from www.benzinga.com

The nation’s largest oil companies, Chevron Corporation CVX and Exxon Mobil Corporation XOM, reportedly plan to file a federal lawsuit on Thursday to oppose the Biden administration’s efforts to cut emissions from cars and light trucks and promote electric vehicle manufacturing.

The lawsuit will be filed in the D.C. Circuit Court of Appeals, reported Reuters.

In March, the U.S. Environmental Protection Agency issued new tailpipe emission rules requiring the nation’s automakers to increase production and sales of electric vehicles to comply with the standards.

The agency aims for up to 56% of all car sales to be electric between 2030 and 2032.

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Excerpt from whnt.com

BUENOS AIRES, Argentina (AP) — Wall Street rallied Thursday as Argentina’s President Javier Milei traveled to Italy for the Group of Seven summit, buoyed by his first legislative victory after the Senate passed sweeping proposals to slash state spending and boost his powers.

Having hitched his political fortunes to the goal of cutting down Argentina’s bloated state, Milei hailed the vote as a “triumph” and “the first step toward the recovery of our greatness.”

Even so, opposition senators scrapped an income tax package and watered down other parts of the bill after a daylong debate marred by clashes between police and protesters in the capital of Buenos Aires.

The legislation aimed at overhauling Argentina’s long-troubled economy during its worst financial crisis in 20 years will return to Congress’ lower house for final approval, where it’s expected to become law.

In a further boost to Milei’s agenda Thursday, data released by the government statistics agency showed Argentina’s monthly inflation rate halving to 4.2% in May, the lowest rate since January 2022.

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Excerpt from www.swlaw.com

In the latest labor law brew-haha, the U.S. Supreme Court reconciled a circuit split by requiring the National Labor Relations Board (NLRB) to marshal substantial proof to win temporary injunctions against employers for alleged unfair labor practices. The decision weakens what has been one of the NLRB’s most potent tools in recent years during ongoing labor disputes.

Background

The National Labor Relations Act (the Act) prohibits employers and unions from engaging in certain “unfair labor practices.” 29 U.S.C. §§ 158(a), (b). The NLRB enforces the prohibition, and its authority kicks in when a person files a charge with the agency. 29 U.S.C. § 160(a). If the charge appears to have merit, the NLRB issues a complaint triggering adjudicatory proceedings within the agency. Because the administrative proceedings can take years, Section 10(j) of the Act permits the NLRB to seek a preliminary injunction in federal court while the proceedings unfold.

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Excerpt from bgr.com

With its new unskippable ad feature, YouTube might end up killing ad blockers once and for all. Currently, the video platform is experimenting with server-side ad injection, which means the ads would appear directly in a video’s stream, bypassing ad blockers.

A Google spokesperson explained the test to Gizmodo: “YouTube is improving its performance and reliability in serving both organic and ad video content. This update may result in suboptimal viewing experiences for viewers with ad blockers installed. Ad blockers violate YouTube’s Terms of Service, and we’ve been urging viewers for some time to support their favorite creators and allow ads on YouTube or try YouTube Premium for an ad-free experience.”

While YouTube claims that watching ads helps support users’ favorite creators, a Redditor said they’re getting 90 seconds of unskippable ads “before every video,” which makes the platform pretty much useless.

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Excerpt from www.aol.com

Oracle’s founder and largest shareholder, Larry Ellison, has jumped two spots on the Bloomberg Billionaires Index after the tech behemoth posted a bumper outlook this week.

Only yesterday Ellison’s net worth was $138 billion but overnight that leapt $14 billion to $152 billion.

That’s largely because the 79-year-old entrepreneur owns more than 40% of the cloud applications business, which saw its shares surge 13% on June 11 after the company posted positive year-end financial results.

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Excerpt from www.thecentersquare.com

(The Center Square) – A lawmaker blaming climate change for the flooding in the state created legislation that will mandate landlords inform prospective tenants if their property is in a high-risk flood zone.

Senate Bill 2601 is on the governor’s desk awaiting further action. State Rep. Abdelnasser Rashid, D-Bridgeview, the bill’s sponsor, said a flood can be financially devastating and that this legislation will protect working families.

“Illinois will be joining numerous other states and offering this important information and protection for renters,” said Rashid.

State Rep. Travis Weaver, R-Edwards, said every year legislators pass legislation that regulates small business and landlords thereby increasing housing costs.

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Excerpt from economictimes.indiatimes.com

Cairo: Israeli tanks advanced deeper into the western area of Rafah, amid one of the worst nights of bombardment from air, ground, and sea, forcing many families to flee their homes and tents under darkness, residents said on Thursday.

Residents said the Israeli forces thrust towards the Al-Mawasi area of Rafah near the beach, which is designated as a humanitarian area in all announcements and maps published by the Israeli army since it began its Rafah offensive. The Israeli military denied in a statement it had launched any strikes inside the Al-Mawasi humanitarian zone.

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Excerpt from www.dailymail.co.uk

Boeing’s latest potential scandal is out of this world – literally.

Its Starliner spacecraft – which carried two NASA astronauts to the International Space Station (ISS) last week – is unable to undock after several faults were found on the ship.

Teams have discovered five different leaks in the craft’s propulsion system which would navigate the craft through space as it returns to Earth.

The astronauts were set to return on June 14, but that has been delayed until June 22 while Boeing and NASA scramble to fix issues, leaving the astronauts stranded until then.

Now, experts have said that NASA could be forced to launch a rescue mission that would be a highly embarrassing blow for the embattled Boeing which is dealing with spate of issues plaguing its commercial jets.

Its Starliner spacecraft – which carried two NASA astronauts to the International Space Station (ISS) last week – is unable to undock after several faults were found on the ship
Teams have discovered five different leaks in the craft’s thruster systems which would allow it to navigate through space as it returns to Earth

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Excerpt from www.lavanguardia.com

Mark Zuckerberg is one of the most successful entrepreneurs in history. The creator of Facebook and owner of Meta (the company that also includes the social network Instagram) has managed to establish himself as one of the wealthiest men of our time, which is why he indulges in luxuries that most mortals can only dream of.

To celebrate his 40th birthday, the American has decided to give himself a luxury yacht called “Launchpad”, which is valued at 300 million euros. With this vessel, Zuckerberg plans to sail around much of the world while enjoying extreme comfort and glamour within reach of a few.

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Excerpt from news4sanantonio.com

FILE – Pistols sit on display during the first day of the Silver Spur Gun and Blade Show, Jan. 22, 2022, in Odessa, Texas. (Eli Hartman/Odessa American via AP, File)

WASHINGTON (TND) —

New research provides insight into how Americans store their weapons at home. According to a study published by the CDC, up to 43% of U.S. households store loaded guns and half of those households do not put them in locked containers.

Households in eight states were surveyed for the study. North Carolina, Oklahoma and Nevada had the highest rates of households storing loaded guns.

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Excerpt from www.thedailybeast.com

A member of the White House communications team went after The New York Post on Thursday after it posted on social media a deceptively edited video of President Joe Biden at the G7 economic summit in Italy.

White House Senior Deputy Press Secretary Andrew Bates responded to a post by the publication on X that had the caption, “President Biden appeared to wander off at the G7 summit in Italy, with officials needing to pull him back to focus.”

“The Murdoch outlets are so desperate to distract from @POTUS’s record that they just lie,” Bates wrote.

The Post is owned by News Corp, which has Australian billionaire media mogul Rupert Murdoch—the creator of Fox News—as its chairman emeritus.

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Excerpt from www.alternet.org

During an interview with right-wing Fox News on Wednesday, June 12, House Speaker Mike Johnson (R-Louisiana) offered some possible ways to “rein in” Jack Smith — the U.S. Department of Justice (DOJ) special counsel who is prosecuting two federal criminal cases against former President Donald Trump.

Johnson, a Trump loyalist, proposed using “the power of the purse” to defund Smith’s office. And some Democrats have been arguing that when Johnson threatens to defund the DOJ, he is doing something that Republicans often accuse Democrats of: defunding the police (in fact, many prominent Democrats, from President Joe Biden to former House Speaker Nancy Pelosi to Philadelphia Mayor Cherelle Parker, have made it clear that defunding law enforcement is something they vehemently oppose).