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Business news, market updates, and economic developments

Interest rates expected to be held by Bank of England

Interest rates expected to be held by Bank of England

June 17, 2026 • BBC Business

Summary

The Bank of England is expected to keep interest rates steady at 3.75% amid concerns about inflation and global events, including conflict in the Middle East. A recent peace deal between the US and Iran has helped ease energy price fears, but UK inflation may still rise due to upcoming increases in energy bills.

Key Facts

  • The Bank of England’s main interest rate is likely to stay at 3.75% for the fourth meeting in a row.
  • Interest rates help control inflation, which means how fast prices increase.
  • UK inflation was 2.8% in the year up to May, lower than some experts expected.
  • Food price increases have slowed down, but transport costs rose the fastest.
  • President Donald Trump announced a peace deal with Iran, which may lead to more stable oil supplies.
  • Oil prices have dropped because the Strait of Hormuz, a key shipping route, is expected to reopen.
  • UK energy bills will rise in July due to a price cap increase by 13%, which could push inflation higher.
  • Mortgage rates in the UK have risen since March, with two- and five-year fixed deals now around 5.6%.
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BBC Business BBC Top Stories
What Warsh's first meeting as Fed chair signals

What Warsh's first meeting as Fed chair signals

June 17, 2026 • PBS NewsHour

Summary

The Federal Reserve kept interest rates unchanged in its first meeting with Kevin Warsh as chair. All members agreed to hold rates steady, but some officials now expect a possible rate increase before the year ends.

Key Facts

  • Kevin Warsh led his first meeting as chair of the Federal Reserve.
  • The Fed decided not to change interest rates for the fourth time in a row.
  • All 12 members of the Federal Open Market Committee agreed to keep rates steady.
  • Some Fed officials released new forecasts suggesting rates might rise later this year.
  • Amna Nawaz spoke with David Wessel about how the Fed might operate under Warsh’s leadership.
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PBS NewsHour
Fed keeps interest rates steady in first decision under Kevin Warsh

Fed keeps interest rates steady in first decision under Kevin Warsh

June 17, 2026 • CBS News

Summary

The Federal Reserve decided to keep interest rates the same in its first meeting with Kevin Warsh involved. This choice was expected and the decision was made by a unanimous vote.

Key Facts

  • The Federal Reserve made a decision on interest rates.
  • Interest rates were kept steady, meaning they were not increased or decreased.
  • This was the first interest rate decision with Kevin Warsh participating.
  • The vote to keep rates steady was unanimous, meaning everyone agreed.
  • The decision matched what experts and markets expected.
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CBS News
When will gas prices return to pre-Iran war levels?

When will gas prices return to pre-Iran war levels?

June 17, 2026 • CBS News

Summary

Oil prices are going down as the conflict with Iran appears to be nearing an end. Experts say this could lead to lower gas prices for consumers in the near future.

Key Facts

  • Oil prices have been high due to the war involving Iran.
  • The conflict might end soon, which is causing oil prices to drop.
  • Lower oil prices usually lead to cheaper gas at the pump.
  • Arjun Murti, an energy expert, talked about when gas prices might go back to normal.
  • The reduction in gas prices depends on global events and oil market changes.
  • People are watching the situation closely to see how soon fuel costs will decrease.
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CBS News
Warsh announces plan to reshape Federal Reserve

Warsh announces plan to reshape Federal Reserve

June 17, 2026 • CBS News

Summary

The Federal Reserve decided to keep interest rates the same in its latest meeting. This was the first decision made with Kevin Warsh as the new chair of the Federal Reserve.

Key Facts

  • The Federal Reserve voted to keep interest rates unchanged.
  • The vote was unanimous, meaning all members agreed.
  • This is the first interest rate decision under Chair Kevin Warsh.
  • The decision was announced on a Wednesday.
  • The Federal Reserve controls interest rates to manage the economy.
  • CBS News correspondent Kelly O'Grady reported on this event.
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CBS News
VIVATECH 2026: Rebuilding business models with AI

VIVATECH 2026: Rebuilding business models with AI

June 17, 2026 • France24

Summary

VIVATECH 2026 is a major European event focused on startups and new technology. The event highlights how artificial intelligence (AI) is changing business models and daily life. Amazon Web Services introduced a new AI shopping helper and discussed what jobs AI can do and efforts to increase women leaders in tech.

Key Facts

  • VIVATECH is Europe’s biggest event for startups and innovation.
  • A key topic is how AI will influence business and everyday life.
  • Amazon Web Services revealed a new AI shopping assistant tool.
  • AI can perform some jobs but not all, and people are exploring its limits.
  • There is a focus on increasing the number of women leaders in Silicon Valley tech companies.
  • The event featured interviews with important tech leaders like Amazon’s Julia White.
  • AI is driving new business models and changes in freelance hiring.
  • The article also mentions related business and technology news but focuses mainly on AI’s role at VIVATECH.
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France24
Dow falls after Fed holds interest rates steady

Dow falls after Fed holds interest rates steady

June 17, 2026 • CBS News

Summary

The Federal Reserve decided not to change its main interest rate during its recent meeting. This was the first meeting with Kevin Warsh serving as the new chair of the Federal Reserve. Following the announcement, the Dow Jones stock market index dropped.

Key Facts

  • The Federal Reserve kept the benchmark interest rate steady.
  • This was the first meeting with Kevin Warsh as chair of the Federal Reserve.
  • The decision was announced on a Wednesday.
  • The Dow Jones stock market index fell after the announcement.
  • The report was from the New York Stock Exchange.
  • The Federal Reserve uses interest rates to help control the economy by influencing borrowing costs.
  • No rate increase or decrease was made at this meeting.
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CBS News
California says AT&T lied to FCC in attempt to shut off old phone network

California says AT&T lied to FCC in attempt to shut off old phone network

June 17, 2026 • Ars Technica

Summary

California state regulators accused AT&T of lying to the Federal Communications Commission (FCC) about shutting down its old copper phone network without giving a proper replacement. The state says AT&T wants to replace wired phone lines with wireless service, but wireless service does not fully cover indoor areas or meet quality and safety needs.

Key Facts

  • AT&T wants to stop providing phone service over its old copper network to about 199,000 customers in California.
  • California’s Public Utilities Commission disagrees, saying AT&T is allowed to upgrade copper lines to fiber optics but can't just switch to wireless services.
  • AT&T claims state rules force it to keep the copper lines, but California denies this is true.
  • AT&T tried to get the FCC to override California’s rules to allow the shutdown of copper lines.
  • California says wireless service does not provide reliable indoor voice coverage needed to replace wired phone service.
  • The FCC’s broadband and LTE coverage maps show outdoor coverage, not indoor or reliable voice coverage.
  • Lack of guaranteed service quality, price concerns, and 911 emergency service access are issues with wireless replacement.
  • California’s 2008 policy encourages fiber upgrades to improve service rather than delaying them with restrictions on copper line retirement.
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Ars Technica
Here's how much interest a $35,000 money market account can earn now

Here's how much interest a $35,000 money market account can earn now

June 17, 2026 • CBS News

Summary

A money market account with $35,000 can earn around 3.9% interest, resulting in about $1,365 after one year if rates stay the same. These accounts offer easy access to money, allowing check writing and payments, unlike certificates of deposit (CDs), which lock funds.

Key Facts

  • Money market accounts currently offer around a 3.9% interest rate.
  • A $35,000 deposit can earn about $336 in 3 months, $676 in 6 months, $1,019 in 9 months, and $1,365 in one year.
  • Interest rates may change, but are expected to remain relatively stable.
  • Money market accounts allow flexible access, including writing checks and making payments.
  • CDs have fixed terms and lock in money, making them less flexible.
  • High-yield savings accounts offer similar rates but usually lack check-writing features.
  • Savers can compare rates and terms online to find the best money market account.
  • These accounts combine the benefits of savings and checking accounts in one place.
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CBS News
Tesco moving 40,000 server workloads off VMware amid Broadcom's “abusive conduct”

Tesco moving 40,000 server workloads off VMware amid Broadcom's “abusive conduct”

June 17, 2026 • Ars Technica

Summary

Tesco is moving 40,000 server workloads away from VMware products after Broadcom took over VMware and refused to honor previous license agreements. Tesco sued Broadcom for breach of contract, claiming Broadcom raised prices unfairly and stopped essential support, forcing Tesco to find costly alternative software.

Key Facts

  • Tesco bought perpetual VMware licenses and support until 2026, with options to extend support.
  • Broadcom acquired VMware in November 2023 and would not honor Tesco’s original license deal.
  • Broadcom demanded higher prices and required Tesco to buy new subscription licenses to get support.
  • Tesco stopped receiving support from Broadcom in January and has paid third parties for help since.
  • Tesco faces operational risks and extra costs due to the forced migration from VMware software.
  • The new virtualization software Tesco is moving to does not work with some current data security tools.
  • Tesco seeks at least £100 million (about $133.6 million) in damages from Broadcom and others.
  • The court case is scheduled to proceed between November 2027 and February 2028.
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Ars Technica
Fed leaves rates steady in Warsh's first meeting

Fed leaves rates steady in Warsh's first meeting

June 17, 2026 • Axios

Summary

The Federal Reserve kept interest rates steady between 3.5% and 3.75% during Kevin Warsh’s first meeting as chairman. Warsh announced plans to simplify how the Fed communicates and said many officials now expect rate increases this year due to rising inflation.

Key Facts

  • The Federal Reserve's main interest rate target stayed unchanged for the fourth meeting in a row.
  • Kevin Warsh is the new Fed chairman and is making changes to how the Fed shares information.
  • The Fed's policy statement was shortened from 341 words to 130 words.
  • Warsh will lead five task forces to review key Fed policies like communication, balance sheet, and inflation methods.
  • The economy is growing steadily but faces uncertainty partly due to the conflict in the Middle East.
  • Inflation is higher than expected, with the Personal Consumption Expenditures price index forecasted to rise 3.6% this year.
  • More Fed officials now believe interest rates will need to rise, while fewer expect rate cuts.
  • President Trump appointed Warsh, hoping for lower rates, but rising inflation has complicated this goal.
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Axios
Airbnb Is Giving Away Free World Cup Tickets: Here’s How

Airbnb Is Giving Away Free World Cup Tickets: Here’s How

June 17, 2026 • Newsweek

Summary

Airbnb is offering free tickets to 2026 FIFA World Cup matches with select rentals in all 16 host cities across the U.S., Mexico, and Canada. This promotion allows travelers to book accommodation and match tickets together, helping fans avoid FIFA’s competitive ticket process and possibly boosting bookings in cities with lower travel demand.

Key Facts

  • Airbnb’s offer includes free 2026 World Cup tickets with certain rental bookings in all 16 host cities.
  • The promotion runs during the tournament in June and July 2026.
  • Not all Airbnb listings qualify; eligible ones show a soccer ball icon in search results.
  • Airbnb plans to give away more than 1,300 tickets through this program.
  • Each guest in a qualifying booking receives one ticket, up to the maximum occupancy of the rental.
  • World Cup ticket prices vary widely, from about $60 for early games to thousands of dollars for finals.
  • The bundled offer may help travelers avoid high and fluctuating ticket prices set by FIFA’s dynamic pricing.
  • Airbnb is also offering separate World Cup-related experiences, like events with former players, but these do not include match tickets.
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Newsweek
Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains

Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains

June 17, 2026 • BBC Business

Summary

The Federal Reserve decided to keep US interest rates between 3.5% and 3.75% after its latest meeting. This decision came amid ongoing uncertainty about President Donald Trump's deal with Iran and rising inflation currently at 3.8%.

Key Facts

  • The Federal Reserve held interest rates steady rather than raising or lowering them.
  • Kevin Warsh led the Fed's meeting for the first time as head of the central bank.
  • Inflation in the US is currently running at 3.8%, which is above the Fed’s target.
  • The US-Israel war in Iran has contributed to inflation by increasing energy prices.
  • President Trump has pushed for interest rate cuts to boost the economy.
  • The Fed’s statement was shorter and more straightforward than before, reflecting Warsh’s communication style.
  • Nine out of 18 Fed officials expect interest rates may rise later this year.
  • The Fed aims to maintain price stability despite economic uncertainties linked to the Middle East conflict.
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BBC Business BBC Top Stories BBC US
WATCH: 'Devil Wears Prada' franchise tops $1B at global box office

WATCH: 'Devil Wears Prada' franchise tops $1B at global box office

June 17, 2026 • ABC News

Summary

The "Devil Wears Prada" movie series has made more than $1 billion in ticket sales worldwide. This milestone was reached after the second movie earned $676 million nearly 20 years after the first film was released.

Key Facts

  • The franchise has crossed $1 billion in total global box office earnings.
  • "The Devil Wears Prada 2" alone made $676 million around the world.
  • The second film's earnings helped push the franchise over the $1 billion mark.
  • The original "The Devil Wears Prada" movie came out about 20 years ago.
  • The franchise's success is measured by ticket sales internationally.
  • This milestone shows the lasting popularity of the movie series.
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ABC News
Here's why a gold investment makes sense right now

Here's why a gold investment makes sense right now

June 17, 2026 • CBS News

Summary

Gold prices have fallen about 22% since January 2026, making it a more affordable investment option in June. Inflation is currently high, and gold is often used to protect against inflation, which makes this a timely moment to consider adding gold to an investment portfolio.

Key Facts

  • Gold price dropped from $5,589.38 per ounce in January 2026 to $4,344.90 in June 2026.
  • This 22% decrease creates an affordable opportunity to buy gold now.
  • Historically, gold prices tend to rise over time despite short-term drops.
  • Experts recommend keeping gold investments to no more than 10% of a total portfolio.
  • Lower prices mean investors can afford full 1-ounce gold bars or coins, instead of only fractional ones.
  • Other gold investment options include Gold IRAs (Individual Retirement Accounts) and Gold ETFs (Exchange-Traded Funds).
  • Inflation is at 4.2%, the highest since April 2023, above the Federal Reserve’s 2% target.
  • Gold can help protect investments during high inflation and economic downturns.
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CBS News
Fed votes to leave interest rates unchanged in first decision with Kevin Warsh as chair

Fed votes to leave interest rates unchanged in first decision with Kevin Warsh as chair

June 17, 2026 • CBS News

Summary

The Federal Reserve decided to keep interest rates the same in its first vote led by new chair Kevin Warsh. This means the cost to borrow money will not change for now.

Key Facts

  • Kevin Warsh is the new chair of the Federal Reserve.
  • The Fed's board voted not to change interest rates in their latest meeting.
  • This was the first interest rate decision under Chair Warsh’s leadership.
  • Keeping rates unchanged means borrowing costs stay steady for businesses and consumers.
  • The Federal Reserve uses interest rates to influence the economy and control inflation.
  • No details were provided about any future plans for changing rates soon.
  • CBS News reporter Kelly O’Grady covered the story.
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CBS News
Federal Reserve holds interest rates steady for fourth time this year

Federal Reserve holds interest rates steady for fourth time this year

June 17, 2026 • Guardian World

Summary

The US Federal Reserve kept interest rates steady at 3.5% to 3.75% for the fourth time this year in its first meeting under new chair Kevin Warsh, an appointee of President Trump. Inflation remains high due to rising energy prices from the Middle East conflict, but the Fed removed its previous signal that it was planning to cut rates soon.

Key Facts

  • The Federal Reserve's interest rate stayed unchanged at 3.5% to 3.75%.
  • Kevin Warsh began his term as Fed chair during economic uncertainty and inflation pressures.
  • Inflation rose to 4.2%, mainly due to higher energy prices caused by the Middle East conflict.
  • The Fed removed its “easing bias,” which meant it was no longer signaling rate cuts in the near future.
  • Core inflation, which excludes food and energy, increased mildly to 2.9% yearly.
  • The US unemployment rate stayed steady at 4.3%, showing a relatively strong labor market.
  • President Trump supports lower rates but said he does not want to influence Warsh’s decisions.
  • Jerome Powell, the previous Fed chair, faced political pressure and investigation over Fed spending, which he called a tactic to push for rate cuts.
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Guardian World Guardian US Guardian Business
The Fed Maintains Rates: What It Means for Your Money

The Fed Maintains Rates: What It Means for Your Money

June 17, 2026 • Newsweek

Summary

The Federal Reserve has decided to keep interest rates steady between 3.50% and 3.75%. This is the first rate decision by the new Fed chair, Kevin Warsh, as the U.S. faces ongoing inflation near 4.2% and economic uncertainties.

Key Facts

  • The Fed’s benchmark interest rate affects borrowing costs for things like mortgages, credit cards, and car loans.
  • Higher interest rates usually slow down inflation but make borrowing more expensive.
  • Lower interest rates encourage spending but can cause prices to rise too fast.
  • The U.S. inflation rate recently hit about 4.2%, the highest in over three years.
  • The U.S. economy is currently strong, with steady job growth and consumer spending despite global concerns like the conflict in the Middle East.
  • The Federal Open Market Committee voted 12-0 to keep rates unchanged in this meeting.
  • Maintaining rates means borrowing costs likely will stay high, which may delay financial relief for consumers.
  • Fed Chair Kevin Warsh is watching inflation closely but may face challenges lowering rates due to current economic conditions.
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Newsweek
Federal Reserve holds rates steady at Warsh’s first meeting

Federal Reserve holds rates steady at Warsh’s first meeting

June 17, 2026 • The Hill

Summary

The Federal Reserve decided not to change interest rates at its first meeting led by Chair Kevin Warsh. The main interest rate stayed between 3.5% and 3.75%.

Key Facts

  • The Federal Reserve kept interest rates steady at its latest meeting.
  • This was the first rate meeting with Kevin Warsh as the new Fed Chair.
  • The decision was unanimous among the Federal Open Market Committee members.
  • The current interest rate range is 3.5% to 3.75%.
  • Kevin Warsh was confirmed by the Senate last month before taking the chair position.
  • The Federal Reserve uses interest rates to influence borrowing, spending, and inflation.
  • Keeping rates steady suggests the Fed wants to observe economic conditions before making changes.
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The Hill
Federal Reserve holds interest rates steady amid resurgent inflation

Federal Reserve holds interest rates steady amid resurgent inflation

June 17, 2026 • CBS News

Summary

The Federal Reserve decided to keep interest rates the same, citing rising inflation caused by higher energy prices linked to the war in Iran. This was the first meeting led by new Fed Chairman Kevin Warsh, who was appointed by President Donald Trump.

Key Facts

  • The Fed's key interest rate remains between 3.5% and 3.75%.
  • Inflation in the U.S. is higher than the 2% target set by the Fed.
  • Higher energy costs from the Iran conflict are pushing inflation up.
  • Economists expected the Fed to hold rates steady this time.
  • Kevin Warsh is the new Federal Reserve Chairman, chosen by President Trump.
  • Warsh’s first task is to align Fed leadership with his plans and reassure markets.
  • President Trump had urged the previous chairman, Jerome Powell, to lower rates.
  • The Fed’s actions affect borrowing costs for consumers and businesses.
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CBS News
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