Intel Surges on Apple Deal | Open Interest 6/18/2026

Summary

Intel surged on news of an Apple chip deal, while oil fell as President Trump signed an Iran deal reopening the Strait of Hormuz. New Fed Chair Kevin Warsh delivered a hawkish debut, shocking bond markets and raising rate-hike expectations. Liv Golf seeks $300 million after a Saudi pullback, and the Knicks celebrate their first NBA championship in over 50 years.

• Intel rallies over 8% after Trump says Apple agreed to design and develop chips in the U.S.
• Brent crude drops below $78 as Iran deal reopens Hormuz; Kuwait says oil output can ramp up faster than expected.
• Fed Chair Warsh vows to tame inflation, two-year yields jump the most in 15 months on a decision day.
• Chip stocks broadly rebound, with the Philadelphia Semiconductor Index nearing an all-time high.
• Ann Miletti of Allspring says strong earnings growth is powering equities higher; don't fight earnings.
• Liv Golf CEO Scott O'Neil seeks $300 million from investors as the Saudi PIF pulls funding.
• Anthropic's frontier model ban creates a new political risk factor for AI valuations.
• The Knicks' ticker-tape parade draws massive crowds as the team wins its first title since 1973.