Business & Markets — June 20, 2026

Apple plans rare price increases as a memory shortage bites. CEO Tim Cook called the memory supply situation ‘unsustainable.’ Apple is expected to raise device prices, a move that could ripple across consumer electronics broadly.

CNBC Top News · Read more ↗

Hormuz tanker traffic rises after U.S.-Iran deal. Oil tanker traffic through the Strait of Hormuz increased following a U.S.-Iran agreement opening the sea lane. Questions remain about how the waterway will be governed once a toll-free period ends.

CNBC Top News · Read more ↗

SpaceX shares up 37% since IPO, Musk tops $1 trillion. SpaceX stock has gained 37% since its market debut, lifting Elon Musk’s stake above $1 trillion and driving demand for leveraged ETFs tied to the company.

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Democrats ask FCC to pause Paramount-Warner Bros. merger. Three Democratic senators urged the FCC to halt the merger, citing national security concerns and the potential for significant job losses across both media companies.

The Hill · Read more ↗