Public Markets 24 Hours

Last updated: June 25, 2026, 2:30 PM ET

Energy & Commodities

Oil prices retreated to pre-war levels as supply trapped by geopolitical tensions began to flow again, with Saudi Arabia poised to restart exports from the Ras Tanura terminal after a US-Iran peace deal. Brent crude slipped below $73 a barrel, contributing to a fall in gilt returns to three-month highs as tumbling oil prices offset political uncertainty. Iraq, which had previously threatened to leave OPEC over output limits, walked back its stance, stating it was not considering such a move. Meanwhile, a fire broke out at a Delta Air Lines refinery in Trainer, Pennsylvania, though details on its impact remain limited.

Automotive & Transport

Stellantis NV and Nissan Motor Co. are reportedly in talks to acquire assets from the financially distressed auto-parts maker Marelli Holdings Co., which is undergoing bankruptcy reorganization. In a significant development, Polestar, the Chinese-owned electric vehicle maker, has been prohibited from selling cars in the U.S. due to a government rule against Chinese software in vehicles. Hertz Global Holdings Inc. is experiencing a record weekly stock drop, continuing for a second day, amid concerns over its funding plan and profit guidance triggering a rout in its shares. US airline stocks have erased pandemic-era losses, recovering after six years, as progress on a US-Iran peace deal pushed oil prices lower.

Technology & AI

Apple Inc. has raised prices on Macs and iPads by more than $200 on some models, citing the soaring costs of memory and storage chips driven by the artificial intelligence boom making price hikes unavoidable. This move follows a broader trend of gadget price inflation, dubbed "Macflation" as prices for Apple's devices increase. The competition in the AI space is intensifying, with Chinese open-source models posing a renewed challenge to established labs like Anthropic and OpenAI ahead of their initial public offerings as Chinese AI models gain ground. Alibaba Group Holding Ltd. saw its shares slide to a 16-month low after Anthropic accused the Chinese tech giant of "illicitly" accessing its AI model sparking a sharp selloff.

Finance & Markets

Michael Saylor's Bitcoin-buying strategy is facing increased scrutiny, fueling the latest leg of Bitcoin's selloff and exposing cracks in the crypto market jolting Bitcoin traders. In the fixed-income space, Japanese government bonds extended their rally, mirroring gains in U.S. Treasurys as traders priced in a potential September Fed rate cut following overnight gains. Treasury yields have been supported by the Federal Reserve's favored inflation gauge rising less than anticipated, dampening expectations for an imminent interest-rate hike cooling rate-hike bets. Activist investor pressure is mounting on Vale SA, the world's largest iron ore producer, as shareholders prepare to vote on whether to oust the chair, reviving fears of political interference in a corporate governance battle.

Real Estate & Housing

President Trump has abruptly scrapped plans to sign a major housing bill, leaving its future uncertain, with potential for it to become law with or without his signature, or to be killed entirely raising questions about its path forward. Meanwhile, in New York City, thousands of rent-stabilized apartments are facing rent increases of up to 31%, creating an awkward contrast with promises of relief for tenants leading to significant rent hikes. A city panel is expected to vote on Mayor Zohran Mamdani's plan for a rent freeze on rent-stabilized homes, though legal challenges are anticipated as a rent freeze looms.

Legal & Regulatory

The Supreme Court has rendered a decision in the T.P.S. case, leaving approximately 1.3 million people from over a dozen countries vulnerable to deportation, many of whom have resided in the United States for decades plunging migrants into limbo. In a significant environmental ruling, Chemours has agreed to pay $450 million in the first federal settlement addressing the dumping of PFAS “forever chemicals,” which have been linked to serious health risks in a major PFAS settlement. The Supreme Court also handed Bayer a crucial victory by overturning a verdict in a case alleging that its Roundup weedkiller caused cancer validating Bayer's defense.

Global Markets & Economics

Record June temperatures across Europe are fueling demand for air conditioning, placing significant pressure on energy systems and driving up electricity prices as heatwaves persist. The continent is experiencing its second heat wave since May, disrupting daily life and contributing to a spike in deaths in some areas, such as Spain smashing temperature records. In Australia, hiring rebounded in May, leading to a decrease in the unemployment rate, a sign that the labor market remains tight reversing previous losses. China is urging domestic rating firms to curb the concentration of AAA ratings in its bond market, a move aimed at improving credit risk assessments addressing bond market concentration.

Corporate & Business

JPMorgan Chase has promoted Doug Petno and Troy Rohrbaugh to co-presidents, positioning them as potential successors to CEO Jamie Dimon, though another potential successor, Marianne Lake, has departed the bank shaking up succession plans. Wendy's shares are poised to extend their rally as meme-stock investors continue to pile into the iconic American burger chain extending its advance. In the retail sector, H&M reported weaker-than-expected second-quarter earnings, posing a fresh challenge to its turnaround efforts amid intense competition and cautious consumer spending missing profit estimates.

Geopolitics & International Relations

The Supreme Court has allowed the Trump administration to block asylum seekers at the border, a policy that, while rescinded in 2021, the administration seeks to reinstate for border control purposes permitting border policy reinstatement. The U.S. president's endorsement of a right-wing candidate in Colombia, along with broader influence, has been noted as a factor in the election victory aided by Trump’s influence. NATO's Secretary General Mark Rutte presented data to President Trump demonstrating that European nations are increasing their defense spending to match the U.S., appearing to defuse the president's concerns about alliance burden-sharing making his case for NATO.

Energy Transition & Renewables

The ongoing heatwave in Europe is putting pressure on power markets, with record temperatures in France and the UK driving up electricity prices and straining grids testing power markets. The Strait of Hormuz has seen increased tanker traffic as oil prices retreat, and a UK naval group reported a vessel was hit by an unknown projectile in the waterway as vessels turn back. The growing role of renewable energy is prompting the Chicago Mercantile Exchange to plan the launch of wind derivatives across North America, Europe, and Australia expanding into wind derivatives.