• Apple to increase prices: Apple (AAPL) plans to raise some prices, as AI-driven shortages have increased memory and storage chip costs. CEO Tim Cook called the situation “unsustainable,” signaling potential price hikes for iPhones, iPads, and Macs. Sources: The Verge / WSJ.
• Intel gains on Apple deal: Intel (INTC) stock surged 9% after President Trump said Apple (AAPL) will design and build chips with Intel in the U.S. The partnership could strengthen Intel’s foundry business and advance efforts to expand domestic chip manufacturing. Source: CNBC.
• Allbirds deepens AI pivot: Allbirds, now Smartbird (BIRD), appointed former Amazon Web Services (AMZN) executive Nadia Carlsten as CEO and completed a rebrand tied to its shift from footwear to AI infrastructure. Shares surged 39% on the news. Source: CNBC.
• Waymo recalls robotaxis: Alphabet’s (GOOGL) Waymo is recalling 3,871 robotaxis after a software flaw could allow vehicles to enter closed freeway construction zones and continue driving at speed. Source: Reuters.
• OpenAI hires Gemini leader: Alphabet (GOOGL) Gemini co-lead Noam Shazeer is leaving to join OpenAI. Shazeer co-founded Character.AI after leaving Google in 2021 and returned in 2024, helping lead development of the Gemini AI models. Source: CNBC.
• UniQure advances Huntington’s therapy: UniQure (QURE) plans to seek FDA accelerated approval for its Huntington’s disease gene therapy after the agency endorsed a regulatory pathway based on existing trial data. Shares surged 70% on the news. Source: CNBC.
• Carvana expands new-car model: Carvana (CVNA) is testing Stellantis (STLA) dealerships as test-drive and service hubs while keeping all vehicle sales online. The strategy aims to grow market share, boost trade-ins, and challenge the traditional dealership model. Source: CNBC.
• CarMax outlines turnaround plan: CarMax (KMX) beat earnings and revenue expectations, but shares fell after declining profit per vehicle and margin pressure overshadowed results. New CEO Keith Barr said a multiyear strategy plan is underway. Source: CNBC.
• JetBlue shifts capacity south: JetBlue (JBLU) will reduce operations at Newark and LaGuardia while expanding service in Fort Lauderdale, its most profitable hub. The move reflects the carrier’s focus on cutting costs and improving profitability after years of losses. Source: CNBC.
• Air Force advances drone fleet: General Atomics and Anduril won U.S. Air Force production contracts for semi-autonomous drones designed to fly alongside fighter jets. Source: Reuters.

But the real opportunity is now, before Doroni takes to the skies and hits the big stage.

They just unveiled the showroom model of their flying car after nearly a decade of R&D. It’s already been preordered by 600+ people, representing $240M in potential revenue for Doroni. And with the first commercial deliveries targeted for 2028, this futuristic promise is nearly a modern-day reality.

Now, they’ve just officially reserved the Nasdaq ticker $DRNI as they prepare for a public listing.

Morgan Stanley says the flying car industry will be worth $9 trillion by 2050. By 2032, Doroni projects $1.4B in annual revenue. Invest in Doroni at $3.10/share by 6/18.

• Fed holds rates, signals overhaul: Federal Reserve Chair Kevin Warsh held rates at 3.5%–3.75%, launched 5 task forces to review Fed operations, and skipped providing a rate forecast. Markets turned more hawkish as investors interpreted his inflation focus and Fed overhaul as signs of potential 2026 rate increases. Sources: CNBC / WSJ.
• Hormuz reopening faces delays: Reopening the Strait of Hormuz is expected to ease oil-market pressure, but shipping experts say clearing backlogs and restoring normal traffic could take weeks. Source: CNBC.
• Bank of England holds rates: The Bank of England kept interest rates at 3.75%, maintaining a cautious stance as policymakers assess inflation risks and the economic impact of the Iran framework. Source: CNBC.
• Norway signals more tightening: Norges Bank kept its policy rate at 4.25%, but signaled another hike later this year as inflation remains stronger than expected. Source: Bloomberg.
• Jobless claims: Seasonally adjusted initial jobless claims totaled 226,000 for the week ending June 18, down 4,000 WoW. The 4-week moving average was 223,250, up 4,000 WoW. Source: Dept. of Labor.

• Trump signs Iran memorandum: President Trump signed a preliminary agreement with Iran that extends the ceasefire, reopens the Strait of Hormuz, outlines sanctions relief, and begins negotiations on Iran’s nuclear program. Key enforcement and compliance details remain unresolved. Sources: NPR / CNN.
• Ukraine hits Moscow refinery: Ukraine launched one of its largest drone attacks on Moscow, striking a key oil refinery and disrupting air traffic. The assault underscores Kyiv’s growing ability to target Russian energy infrastructure deep inside the country. Sources: NY Times / BBC.
• Hegseth pressures NATO allies: U.S. Defense Secretary Hegseth launched a 6-month review of American forces in Europe and called for a “NATO 3.0” in which European allies assume primary responsibility for regional defense. Source: AP.
• Trump delays intelligence pick: President Trump delayed Jay Clayton’s nomination for director of national intelligence and tied renewal of a key surveillance law to passage of a voter-ID bill. Source: WSJ.

• 8:30 AM: Initial Jobless Claims
• 8:30 AM: Philadelphia Fed Manufacturing Index
• 4:00 PM: Net Long-Term TIC Flows

Accenture (ACN) has released its quarterly earnings.

• Revenue of $18.70B (+5.65% YoY) misses by $53.15M.
• EPS of $3.80 (+8.88% YoY) beats by $0.09.
• Financials · As Reported · Metrics · Press Release

The Kroger Co. (KR) has released its quarterly earnings.

• Revenue of $46.12B (+2.22% YoY) beats by $735.70M.
• EPS of $1.58 (+6.04% YoY) misses by $0.01.
• Financials · As Reported · Metrics · Press Release

Fervo Energy Company (FRVO) will report Monday before market open.

• Analysts estimate revenue of $1.20M (n/a YoY).
• EPS is estimated to be -$0.09.
• Financials · As Reported · Metrics

FedEx (FDX) will report Tuesday.

• Analysts estimate revenue of $24.03B (+8.26% YoY).
• EPS is estimated to be $5.92 (-2.47% YoY).
• Financials · As Reported · Metrics

Cerebras Systems (CBRS) will report Tuesday.

• Analysts estimate revenue of $180.79M (n/a YoY).
• EPS is estimated to be -$0.17.
• Financials · As Reported · Metrics

Carnival Corporation (CCL) will report Tuesday.

• Analysts estimate revenue of $6.68B (+5.50% YoY).
• EPS is estimated to be $0.34 (-2.86% YoY).
• Financials · As Reported · Metrics

Micron Technology (MU) will report Wednesday.

• Analysts estimate revenue of $34.47B (+270.60% YoY).
• EPS is estimated to be $19.66 (+929.32% YoY).
• Financials · As Reported · Metrics

Paychex (PAYX) will report Wednesday.

• Analysts estimate revenue of $1.61B (+12.46% YoY).
• EPS is estimated to be $1.31 (+10.08% YoY).
• Financials · As Reported · Metrics

Trip.com Group (TCOM) will report Wednesday.

• Analysts estimate revenue of $2.33B (+21.99% YoY).
• EPS is estimated to be $0.79 (-3.66% YoY).
• Financials · As Reported · Metrics

Jefferies Financial Group (JEF) will report Wednesday.

• Analysts estimate revenue of $2.18B (+33.33% YoY).
• EPS is estimated to be $1.13 (+182.50% YoY).
• Financials · As Reported · Metrics

• Confirmed today: First Carolina Financial Services, Inc. (FCBM), a financial services company with $231.98M in TTM revenue and 28.2% revenue growth YoY.
• Confirmed today: Deep Fission, Inc. (FISN), a nuclear reactor developer.
• Confirmed today: Kardigan, Inc. (KARD), a cardiovascular ​drug ‌developer.

• The stock market will be closed on Friday, June 19, and Market Bullets will be taking the day off as well.
• We'll be back in your inbox on Monday, as usual.
• You can view all planned U.S. stock market holidays here.