• SpaceX buys Cursor AI: SpaceX (SPCX) has agreed to acquire Anysphere, the maker of AI coding agent Cursor, for $60B. The deal expands SpaceX’s developer tool offerings. Source: Reuters.
• SpaceX nears Amazon value: SpaceX (SPCX) is extending its post-IPO rally, with shares up about 10% premarket, and is on track to surpass Amazon (AMZN) by market capitalization. Sources: WSJ / BBC.
• Robinhood cuts workforce: Robinhood (HOOD) will cut 10% of its full-time staff and close remaining open roles, expecting about $28M in restructuring and stock-compensation charges in Q2. Source: Reuters.
• Yum! exits Pizza Hut: Yum! Brands (YUM) agreed to sell Pizza Hut for $2.7B, with LongRange Capital acquiring most operations for $1.5B and Yum China (YUMC) buying Chinese stores for $1.2B. Source: CNBC.
• Nvidia plans major debt raise: Nvidia (NVDA) plans to raise at least $20B in its first bond sale since 2021, potentially reaching $25B. The proceeds will support general corporate needs, debt refinancing, and shareholder returns amid continued AI-driven growth. Source: CNBC.
• GM explores defense expansion: General Motors (GM) is in talks to supply weapons components to Lockheed Martin (LMT), a move that would expand GM’s defense business. Source: WSJ.
• Ericsson names new CEO: Ericsson (ERIC) said CEO Börje Ekholm will step down at the end of September after leading the company since 2017. Per Narvinger will succeed him. Source: Reuters.
• Centene offers buyouts: Centene (CNC) is offering voluntary buyouts to some employees as it cuts costs amid higher medical expenses, Medicaid funding reductions, and declining enrollment. Source: CNBC.
• Judge dismisses xAI suit: A federal judge dismissed xAI’s trade-secret lawsuit against OpenAI, ruling there was insufficient evidence that OpenAI induced a former xAI engineer to disclose confidential Grok-related information. Source: WSJ.
• Wells Fargo raises S&P target: Wells Fargo (WFC) raised its 2026 year-end target for the S&P 500 to 7,950, citing stronger-than-expected corporate earnings and improved market sentiment. Source: Reuters.
• SoftBank-OpenAI collaboration: SoftBank (TYO:9984) launched an OpenAI-powered cybersecurity product in Japan aimed at protecting critical infrastructure from AI-driven threats. The rollout deepens SoftBank’s partnership with OpenAI. Source: Reuters.
• Qualcomm bets on AI agents: Qualcomm (QCOM) is developing more than 40 AI-powered devices, including smart glasses and wearables, as CEO Cristiano Amon predicts AI agents will increasingly replace apps as the primary way users interact with technology. Source: CNBC.

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• BOJ lifts rates to 31-year high: The Bank of Japan raised its benchmark rate to 1%, the highest since 1995, citing inflation risks from energy disruptions and a weak yen. Sources: NY Times / CNBC.
• RBA holds rates steady: Australia’s central bank held rates at 4.35%, though it warned that hikes remain possible as oil disruptions keep inflation elevated. Source: CNBC.
• Oil hits a 3-month low: Oil prices fell to 3-month lows as investors bet that a preliminary U.S.-Iran peace deal will lead to the reopening of the Strait of Hormuz, easing supply concerns. Brent crude dropped to around $81 per barrel and WTI to below $79. Source: Reuters.

• G7 focuses on Ukraine & Iran: G7 leaders meeting in France are focusing on efforts to end Russia’s war in Ukraine and stabilize the Middle East following the U.S.'s framework agreement with Iran. Ukrainian President Zelenskyy joined the summit as European leaders pushed for continued support for Ukraine. Source: NPR / CNN.
• Trump-Netanyahu rift widens: Israel and the U.S. are split over the Iran agreement, with Netanyahu saying Israel is not bound by terms that could limit operations against Hezbollah in Lebanon. Source: Reuters.
• B-52 crash kills eight: Eight crew members died after a B-52 Stratofortress crashed shortly after takeoff from Edwards Air Force Base in California during a radar modernization test mission. Source: CNN.
• Newsom alleges DOJ probe: California Gov. Gavin Newsom said the Justice Dept. is investigating him and his wife, claiming the probe is politically motivated. Federal authorities have reportedly questioned associates about matters dating back several years. Source: WSJ.
• Georgia Senate race heats up: Georgia Republicans are voting in a Senate runoff between Trump-backed Rep. Mike Collins and former coach Derek Dooley to challenge Sen. Jon Ossoff. Source: Reuters.

• 8:15 AM: ADP Employment Change Weekly
• 8:30 AM: Building Permits Prelim.
• 8:30 AM: Housing Starts
• 8:30 AM: Export and Import Prices
• 4:30 PM: API Crude Oil Stock Change
• Wednesday: Retail Sales MoM, Fed Interest Rate Decision, FOMC Economic Projections, Fed Press Conference

• There are no major recent earnings to report today, but you can check the earnings calendar for a complete list.

Jabil (JBL) will report tomorrow before market open.

• Analysts estimate revenue of $8.63B (+10.31% YoY).
• EPS is estimated to be $3.08 (+20.78% YoY).
• Financials · As Reported · Metrics

CarMax (KMX) will report tomorrow before market open.

• Analysts estimate revenue of $7.46B (-1.21% YoY).
• EPS is estimated to be $0.94 (-31.88% YoY).
• Financials · As Reported · Metrics

Accenture (ACN) will report Thursday.

• Analysts estimate revenue of $18.76B (+6.01% YoY).
• EPS is estimated to be $3.71 (+6.30% YoY).
• Financials · As Reported · Metrics

The Kroger Co. (KR) will report Thursday.

• Analysts estimate revenue of $45.39B (+0.59% YoY).
• EPS is estimated to be $1.59 (+6.71% YoY).
• Financials · As Reported · Metrics

Jefferies Financial Group (JEF) will report Monday.

• Analysts estimate revenue of $2.16B (+31.98% YoY).
• EPS is estimated to be $1.11 (+177.50% YoY).
• Financials · As Reported · Metrics

Fervo Energy Company (FRVO) will report Monday.

• Analysts estimate revenue of $2M (n/a YoY).
• EPS is estimated to be -$0.09.
• Financials · As Reported · Metrics

• Estimated Thursday, June 18: First Carolina Financial Services, Inc. (FCBM), a financial services company with $231.98M in TTM revenue and 28.2% revenue growth YoY.
• Estimated Thursday, June 18: Kardigan, Inc. (KARD), a cardiovascular ​drug ‌developer.
• Estimated Friday, June 19: MetaOptics Ltd (MOT), a Singapore-based optical lenses maker with $613,198 in TTM revenue and 891.2% revenue growth YoY.