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A survey of 2,000 American drivers found that the summer travel season is ramping up, but for millions of Americans, it's also a reminder of something they're missing.

Joe Rogan is making quite the claim about viewership.

Centrus Jumps On Deal To Supply Oklo With Domestically-Produced Uranium

Centrus Energy continues to solidify its role as a cornerstone of America's emerging advanced nuclear sector, today announcing a letter of intent with Oklo to provide domestically produced high-assay low-enriched uranium (HALEU) for the company's next generation of nuclear reactors, according to a release from the company's website.

Shares the domestic enricher jumped more than 6% this morning. 

Under the proposed multi-year agreement, Centrus will begin supplying HALEU in 2029 to support up to five Oklo Aurora powerhouses, including reactors planned for Oklo's 1.2-gigawatt clean energy campus in Ohio. The fuel is expected to be produced at Centrus' enrichment facility in Pike County, Ohio, highlighting the growing importance of domestic nuclear fuel infrastructure.

 The agreement represents a meaningful milestone for the broader advanced reactor industry. One of the largest challenges facing nuclear developers has been securing reliable access to HALEU, a specialized fuel required by many next-generation reactor designs. With global commercial HALEU production historically concentrated in Russia and China, the development of a U.S.-based supply chain has become a national priority.

Centrus has emerged as the top solution to this challenge. By establishing itself as a domestic source of HALEU, the company is helping address a critical bottleneck that has limited deployment of advanced nuclear technologies across the United States.

The deal is a confirmation of what we said a year ago: in a country starved for domestically-produced HALEU, Centrus will outperform, even though sometimes the market is somewhat obtuse and slow in figuring even the most obvious stuff.

A year later, market starting to get it https://t.co/91bUOLoS1m pic.twitter.com/TvZGJCf0PR

— zerohedge (@zerohedge) June 18, 2026

The proposed agreement also reinforces growing confidence in Centrus' production capabilities and strengthens its visibility as advanced reactor developers move closer to commercialization. As demand for clean, reliable baseload power continues to accelerate, Centrus appears increasingly well-positioned to benefit from the expansion of the U.S. nuclear energy ecosystem.

With advanced reactor companies such as Oklo advancing toward deployment and domestic fuel supply becoming an essential national objective, Centrus' role as a leading HALEU supplier could become a significant driver of long-term growth and strategic relevance within the nuclear energy industry.

Centrus President and CEO Amir Vexler commented: “Today’s announcement is an important step toward ensuring reliable HALEU supply for next generation reactors and represents a crucial milestone as we work to restore America’s ability to enrich uranium at scale. By connecting advanced nuclear power generation and customer demand with domestic HALEU production in southern Ohio, this agreement helps establish a foundation for a new U.S. advanced nuclear energy hub.”

Other nuclear stocks are also on the rise, with Energy Fuels up almost 17% and reactor manufacturers NuScale Power and NANO Nuclear Energy up about 3% and 5%, respectively.

Tyler Durden Thu, 06/18/2026 - 11:00

The lawsuit targets the University of California System's “Sexual Violence and Sexual Harassment” Policy that unconstitutionally impinges on students’ free speech rights, it said.

Deposit $20, get a $50 trading bonus when you use the Polymarket promo code NYPMAX.

New users can apply the Kalshi promo code NYPMAX to receive $10 in bonus trades for Korea vs. Mexico on Thursday.

You wouldn’t believe it unless it came straight from the horse’s mouth.

Two slow-moving teams clash in the World Cup on Thursday.

I didn't expect the Oura Ring to change the way I thought about my health — but it did.

The Level 4 "Do Not Travel" warning remains in place in the Middle East.

Brooklyn shaded his parents in an advertisement about World Cup tickets.

Brooklyn shaded his parents in an advertisement about World Cup tickets.

Mike Brown had some fun with James Dolan's famous remarks.

The DC councilmember will likely become the deep blue capital city's first-ever socialist leader early next year.

The Treaty Of Versailles

By Michael Every of Rabobank

Yesterday, President Trump signed the US-Iran MoU in Versailles. It’s not a treaty, but the parallel with the one signed by Germany there on June 28, 1919, is notable: post-WW1, French Marshal Foch is widely credited with saying, “This is not a peace. It is an armistice for twenty years,” because he saw it as too lenient on the loser of that war.

‘Bravo’ says Macron after Trump signs Iran MoU at Versailles dinner. ‘Great job’ pic.twitter.com/5nDjGku4xS

— Danny Kemp (@dannyctkemp) June 17, 2026

This MoU is also lenient on Iran, who thinks it won, and again doesn’t look like peace, just an armistice for 20 weeks – which ends two days after the US midterm elections. Indeed, even as Trump was touting the importance of the deal to avoid “economic catastrophe,” he underlined he’ll bomb Iran again if they don’t honor it.

Yet what they honor depends on whose MoU version you read. The 14-point text the US released to CNN differs in important regards from what Bloomberg was running with and the Iranian version:

• Point 1: There is a link to Lebanon but not necessarily one that forces an Israeli withdrawal. The text calls for the “immediate and permanent termination of military operations on all fronts”, and “ensuring the territorial integrity and sovereignty of Lebanon”, which technically a temporary Israeli security presence does not prevent any more than heavily armed Hezbollah --counter to UN resolutions and the government’s proclamations-- does. Regardless, the IDF is so far saying it won’t withdraw.
• Point 5: The US says Iran “will make arrangements using its best efforts for the safe passage of commercial vessels with no charge, for 60 days only, from the Persian Gulf to the Sea of Oman and vice versa.” Iran says it will charge on day 61, but can that also be read that the passage is for 60 days, which would then need to be extended? The placing of a comma there could be the literal meme ‘NO MORE WAR’ > ‘NO, MORE WAR.’ The text also says Iran “will conduct dialog with the Sultanate of Oman to define the future administration and maritime services in the Strait of Hormuz in discussion with other Persian Gulf littoral states in line with the applicable international law and the sovereign rights of coastal states of the Strait of Hormuz.” Iran is taking that to mean that it can charge ‘service fees’; yet international law and GCC states may think otherwise when this is discussed.
• Point 8: The two sides “have agreed to resolve the disposition of stockpiled enriched material pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in paragraph seven, with the minimum methodology to be down blended on site under the supervision of the IAEA.” That additional clause is key, and while a step back vs. earlier US uranium demands is a clear deliverable else this all falls apart. Is Iran going to blink here?

Trump also thanked China and Russia for remaining “neutral” in the war, adding “it’s OK” for Iran to have some ballistic missiles, as the Wall Street Journal estimates Iran could earn up $60bn from oil revenues ahead. What that’s spent on (reconstruction, Chinese or Russian arms, or shaheed drone factories to use locally and send to Russia, etc.) is also critical.

Understandably, Iran hawks are lamenting this all as a “disaster” or “catastrophe.” Even Bloomberg underlines what was flagged here months ago: if this MoU is a TACO not a can-kicking exercise until November, it will “unravel geopolitics”, the US creating a power vacuum others will try to fill.

That’s as South Korea’s President Lee just asked Trump to solve the North Korea issue… but they already have a nuke, so what do they get given – access to Anthropic AI?

As all is in flux, the US is also working with Europe to again back Ukraine, whose drone tech now means they hold some good cards, even as the EU reopens official communication channels with the Kremlin. It seems likely that US sanctions could soon go back on Russian oil, which would see the energy complex reshuffled again.

In market terms, the IEA is now seeing a gradual Hormuz recovery tipping into a significant 2027 oil surplus, flipping the narrative entirely – unless war restarts in 20 weeks. Most things remain a passenger to that dynamic.

Ironically, but as expected, the market is trading that possible Mou TACO as dollar positive even as it actually undermines the global architecture that holds the dollar up: but since when did FX look at the long term?

In other geoeconomics, as Europe seems set for a sustained trade war vs. China ahead, the G7 agreed to set up a critical minerals alliance platform to cut their reliance on China – which, as explained here before, logically implies trade decoupling downstream too and the emergence of geopolitical trade blocs.

Meanwhile, in a changing world, the Fed under Chair Warsh is ripping treaties up, not signing them. As our US strategist notes, the FOMC left rates unchanged as expected, with an easing bias dropped, but with an unusually short statement. Indeed, Warsh just terminated forward guidance – which is arguably not such a bad idea given what happens in the Middle East is pivotal to what happens to inflation, and central banks have no idea at all about what will transpire there(?)

In cyclical terms, the June Summary of Economic Projections had already revealed that half of the FOMC participants (who submitted a forecast) expected to hike before the end of the year. Warsh did not submit his.

More importantly, in structural terms, Warsh announced the establishment of five task forces on: Fed communications (is so much needed?); the balance sheet (is so much needed?); improving data (more, better is needed, and Warsh prefers real-time numbers over backwards looking surveys); productivity and jobs (will AI allow for rate cuts?); and inflation frameworks (where things will get even more interesting).

Just as many suspect there is more drama ahead in Hormuz, and that it will never go back to being what it was until recently, the same may be true for the Fed.

Tyler Durden Thu, 06/18/2026 - 10:40

Accenture Crashes Most On Record As AI Threatens Consulting Demand

Accenture shares crashed by the most on record in premarket trading on a confluence of issues. First, the company's fourth-quarter revenue outlook missed Bloomberg consensus estimates and third-quarter bookings declined, reinforcing investors' belief that consulting demand is declining in the era of AI adoption across corporate America, which is wreaking havoc in the white-collar job market.

The global consulting and technology services company, which helps large corporations and governments with strategy, IT, cloud migration, cybersecurity, and more, guided August-quarter revenue to a range of $17.75 billion to $18.4 billion, below the $18.47 billion figure that analysts tracked by Bloomberg were forecasting. Third-quarter bookings fell to $19.3 billion, down from $19.7 billion a year earlier, while revenue rose to $18.7 billion, slightly below estimates. EPS increased 9% to $3.80.

Here's a snapshot of 3Q earnings, courtesy of Bloomberg:

EPS $3.80 vs. $3.49 y/y

Revenue $18.7 billion, +5.6% y/y, estimate $18.76 billion

• Communications, Media & Technology revenue $3.22 billion, +10% y/y, estimate $3.2 billion
• Financial Services revenue $3.49 billion, +6.4% y/y, estimate $3.54 billion
• Product revenue $5.67 billion, +6.1% y/y, estimate $5.67 billion

Health & Public Service revenue $3.85 billion, +1.8% y/y, estimate $3.82 billion

• Resources revenue $2.50 billion, +3.4% y/y, estimate $2.54 billion

Bookings $19.32 billion, -1.9% y/y, estimate $20.66 billion

• Consulting new bookings $10.26 billion, +13% y/y, estimate $9.54 billion
• Managed Services new bookings $9.06 billion, -15% y/y, estimate $11.12 billion

Gross margin 32.8% vs. 32.9% y/y, estimate 32.9%

Free cash flow $3.60 billion, +2.9% y/y

Operating cash flow $3.79 billion, +2.8% y/y, estimate $3.06 billion

Snapshot of 4Q forecast:

Sees revenue $17.75 billion to $18.4 billion, estimate $18.47 billion (Bloomberg Consensus)

Sees revenue +1% to +5%

Full-Year Forecast:

Sees revenue +3% to +4%, saw +3% to +5%

Sees adjusted EPS $13.78 to $13.90, saw $13.65 to $13.90

Sees effective tax rate 24% to 25%, saw 23.5% to 25.5%

Still sees operating cash flow $11.5 billion to $12.2 billion

Still sees free cash flow $10.8 billion to $11.5 billion

Beyond earnings, one major issue plaguing Accenture is investor confidence in the business model. Morgan Stanley downgraded Accenture to Equal-weight from Overweight and slashed its price target to $177 from $240, arguing that the anticipated boost to IT services spending from artificial intelligence investments has yet to materialize, as enterprises continue to prioritize AI projects over traditional discretionary technology spending.

Crucially, "we are not seeing the budget growth inflection we had previously expected," the analysts wrote.

Morgan Stanley is not the first to sound the alarm on declining IT consulting demand. In March, Jefferies analyst Surinder Thind told clients there was limited evidence of a recovery in customer appetite, directly contradicting management's upbeat commentary.

Accenture shares crashed the most on record, down 16% in the early cash session. 

What goes up must go down. 

Emergence of OpenAI's ChatGPT (news headlines) vs. ACN stock price. 

According to Bloomberg data, Wall Street analysts have 17 "Buy" ratings, 12 "Neutral" ratings, and zero "Sell" ratings on the stock. The 12-month average price target is $236.

Thind called the latest earnings disappointing. "Questions around the resiliency of demand in an AI-first world are likely to be amplified," he said, adding, "especially in light of recent advancements in AI models and agentic capabilities."

Tyler Durden Thu, 06/18/2026 - 10:10

The developer has said pre-sales of the hugely anticipated game will begin on 25 June.

The developer has said pre-sales of the hugely anticipated game will begin on 25 June.

Follow the New York Post’s live coverage of the Knicks’ historic NBA championship ticker-tape parade through the Canyon of Heroes.

Post-Tropical Storm Arthur is now unleashing potentially catastrophic and life-threatening flooding throughout the South, as days of heavy rain will slam communities in Louisiana, Mississippi and Alabama.