Business & Markets — June 16, 2026

Warsh faces inflation test at first Fed meeting. Kevin Warsh chairs his first Federal Reserve policy meeting this week as inflation rises again and bond markets price in possible rate hikes. There is no easy opening move for the new chairman.

Axios · Read more →

Oil falls to three-month low on Iran peace deal. Global oil prices declined to a three-month low Tuesday after the Iran peace agreement dominated the G7 summit in France. But tanker operators remain cautious about resuming Strait of Hormuz transits.

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Fox agrees to buy Roku for $22 billion. The deal gives Fox a streaming presence in more than 100 million homes worldwide and marks a significant expansion of the Murdoch media empire into connected-TV distribution.

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Australia holds rates at 4.35%, flags possible hike. The Reserve Bank of Australia held its cash rate steady Tuesday but warned further increases remain possible if inflation does not ease. The decision adds to a week of major central bank moves globally.

Reuters · Read more →