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Wall Street’s AI hiring debate is shifting from whether models can automate junior tasks to whether they can produce work that banks can safely show clients.
US banks made a final push against proposed capital-rule changes as the consultation period closed on June 18.
Apple (NASDAQ: AAPL) unveiled a major Siri AI overhaul powered by Google Gemini, shifting its AI strategy toward model partnerships rather than direct competition in frontier-model development.
Oil prices fell Thursday after US officials said tankers carrying 12.5 million barrels moved through the Strait of Hormuz overnight, easing immediate concerns over trapped crude supplies.
Oil prices fell as the market priced a faster improvement in Middle East supply conditions after the US-Iran agreement. Brent crude traded near $78.41 on June 18, well below its late-April 2026 high above $126.
The US dollar rose after the Federal Reserve left interest rates unchanged and gave markets fewer reasons to expect near-term easing. The Committee maintained the federal funds rate target range at 3.50% to 3.75%, according to the June 17 policy statement.
Gold and silver fell after the Federal Reserve’s hawkish hold lifted the dollar and raised expectations for another rate increase before year-end.
Gold prices fell as investors focused on higher US rates rather than geopolitical relief. The Federal Reserve held its policy range at 3.50% to 3.75%, while the updated projections showed the median end-2026 funds-rate view at 3.8%.
Airline and cruise stocks advanced as crude prices fell and fuel-cost pressure eased across the travel sector. The move followed the US-Iran agreement and renewed expectations that oil flows through the Strait of Hormuz would gradually improve.
European electric vehicle sales jumped as fuel prices rose during the Iran war, giving automakers a demand boost after a difficult period for the sector.
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