Speculation About A SpaceX–Tesla Merger Is Already Growing

Federal Reserve Moves To Close Stablecoin Loopholes With New Customer ID Rules  Bitcoin Magazine

Energy flows through the Strait of Hormuz are beginning to restart on Thursday after the interim U.S.-Iran peace deal, with several Saudi-controlled supertankers transiting the critical waterway and exiting the Persian Gulf.

The Treaty Of Versailles By Michael Every of Rabobank Yesterday, President Trump signed the US-Iran MoU in Versailles. It’s not a treaty, but the parallel with the one signed by Germany there on June 28, 1919, is notable: post-WW1, French Marshal Foch is widely credited with saying, “This is not a peace. It is an armistice for twenty years,” because he saw it as too lenient on the loser of that war. ‘Bravo’ says Macron after Trump signs Iran MoU at Versailles dinner. ‘Great job’ pic.twitter.com/5nDjGku4xS — Danny Kemp (@dannyctkemp) June 17, 2026 This MoU is also lenient on Iran, who thinks it won, and again doesn’t look like peace, just an armistice for 20 weeks – which ends two days after the US midterm elections. Indeed, even as Trump was touting the importance of the deal to avoid “economic catastrophe,” he underlined he’ll bomb Iran again if they don’t honor it. Yet what they honor depends on whose MoU version you read. The 14-point text the US

The Fed has indicated that a specific economic indicator signals a coming recession, and the question is whether this indicator has just started flashing red.

The tariff picture remains murky as the Fed signals inflation concerns.

Accenture Crashes Most On Record As AI Threatens Consulting Demand Accenture shares crashed by the most on record in premarket trading on a confluence of issues. First, the company's fourth-quarter revenue outlook missed Bloomberg consensus estimates and third-quarter bookings declined, reinforcing investors' belief that consulting demand is declining in the era of AI adoption across corporate America, which is wreaking havoc in the white-collar job market. The global consulting and technology services company, which helps large corporations and governments with strategy, IT, cloud migration, cybersecurity, and more, guided August-quarter revenue to a range of $17.75 billion to $18.4 billion, below the $18.47 billion figure that analysts tracked by Bloomberg were forecasting. Third-quarter bookings fell to $19.3 billion, down from $19.7 billion a year earlier, while revenue rose to $18.7 billion, slightly below estimates. EPS increased 9% to $3.80. Here's a snapshot of 3Q earnings, courtesy of Bloomberg: EPS $3.80 vs. $3.49 y/y Revenue $18.7 billion, +5.6% y/y, estimate $18.76 billion Communications, Media & Technology revenue $3.22 billion, +10% y/y, estimate $3.2 billion Financial Services revenue $3.49 billion, +6.4% y/y, estimate $3.54 billion Product revenue $5.67 billion, +6.1% y/y, estimate $5.67 billion Health & Public Service revenue $3.85 billion, +1.8% y/y, estimate $3.82 billion Resources revenue $2.50 billion, +3.4% y/y, estimate $2.54 billion Bookings $19.32 billion, -1.9% y/y, estimate $20.6