Public Markets 3 Hours

Last updated: June 25, 2026, 11:30 AM ET

Markets & Economy

U.S. Treasuries gained ground after the Federal Reserve's favored inflation gauge rose less than anticipated, easing expectations for a rate hike This sentiment also bolstered U.S. natural gas futures, which rose ahead of storage data as warmer weather forecasts boosted demand expectations. Meanwhile, inflation accelerated in May partly due to the conflict in the Middle East, which pushed up energy prices. The Supreme Court also handed Bayer a win by overturning a verdict in a Roundup weedkiller cancer case, a decision expected to impact thousands of similar lawsuits against the manufacturer.

Corporate & Dealmaking

Apple Inc. is raising prices on Macs, iPads, and other devices by as much as 20%, citing cost increases driven by memory chip shortages exacerbated by the AI boom. In a significant move within the banking sector, JPMorgan Chase has named two new presidents, Doug Petno and Troy Rohrbaugh, to potentially succeed CEO Jamie Dimon, though another potential successor, Marianne Lake, is departing the firm. Elsewhere, Ryanair has scrapped its family seating fees following a regulatory probe, allowing families to opt for free random seat assignments. A UK bank, CACEIS UK, has agreed to pay £32 million to clients of the collapsed wealth manager Wealth Tek.

Geopolitics & Commodities

Iran has instructed ships in the Strait of Hormuz to turn back, potentially disrupting maritime traffic, while Iraq is pushing OPEC to allow increased oil production, which was previously hampered by the conflict in the Strait. The ongoing geopolitical tensions contributed to inflation . The Supreme Court also allowed the Trump administration to end deportation protection for Haitians and Syrians and to block asylum seekers at the border. In an interesting development, Wendy's shares are poised to extend their rally as meme-stock investors pile into the burger chain.

Legal & Governance

A former Meta executive, Sarah Wynn-Williams, is suing the company over alleged attempts to prevent her from discussing her New York Times bestselling book. Separately, a corporate governance battle is unfolding at Vale, the world's largest iron ore miner, as shareholders prepare to vote after the board rejected a push to oust its chair. Meanwhile, investors in a private credit fund face continued exit restrictions, with the possibility of further delays before they can access their capital.