Business & Markets — June 17, 2026

BMW issues profit warning on China weakness. BMW shares fell 8% Tuesday after the automaker cited a China sales downturn and Iran war costs in a profit warning — more bad news for global automakers already under strain.

Reuters · Read more ↗

Congress moves to limit investor home purchases. Top lawmakers agreed on a bill restricting investor ownership of homes, clearing the path for passage through both chambers of Congress.

CNBC Top News · Read more ↗

IEA warns Iran war may flip oil market to glut. The IEA cut its global oil demand forecast, saying the Iran war’s supply shock has destroyed demand and a peace deal could produce an oil surplus in 2027.

CNBC Top News · Read more ↗

Robinhood cuts 10% of staff. Robinhood Markets announced it is eliminating 10% of its workforce, citing overly layered operations, and expects roughly $20 million in restructuring charges.

Forbes · Read more ↗

SpaceX passes Amazon in market value. SpaceX shares advanced 4.8% Tuesday, lifting Elon Musk’s rocket and space company above Amazon.com in total market capitalization for the first time.

Axios · Read more ↗