Business reporting and analysis from Zorywire.

OTB Hospitality has filed for Chapter 7 liquidation after closing On The Border’s company-owned restaurants. Independently operated franchise markets in South Dakota, Florida, Nevada, California and South Korea are described as continuing outside the filing.

West Marine is closing 59 stores in 23 states as part of its Chapter 11 restructuring. The company says remaining stores, online shopping and West Marine Pro will continue operating while the case moves forward.

The NYSE and Nasdaq are closed Friday, June 19, for Juneteenth 2026. USPS and many banks are also closed or on holiday schedules, while UPS and FedEx list services as open.

The Federal Reserve is scheduled to release its June rate decision at 2 p.m. ET today, followed by a 2:30 p.m. ET press conference. Pre-decision sources point to no rate change, but the official statement and projections should be checked when they post.

Sleep Number has filed for Chapter 11 as it pursues a court-supervised sale to Sleep Country Canada. The company says stores and online ordering remain open and that deliveries, warranties, gift cards and its app are continuing during the process.

The next Bank of England interest rate decision is due on Thursday 18 June 2026. Bank Rate is currently 3.75%, and mortgage, savings and borrowing customers should check the official MPC statement before acting.

Crude prices fell after President Trump called off threatened strikes on Iran, easing the immediate supply-risk premium. Traders are still watching whether a U.S.-Iran deal materializes and whether oil flows through the Strait of Hormuz normalize.

SpaceX priced its IPO at $135 a share and expects SPCX to begin trading on Nasdaq on June 12. As of the latest check, Nasdaq listed SPCX as not trading, with no opening market price yet.

The May 2026 CPI report showed consumer prices rose 0.5% for the month and 4.2% from a year earlier. Core CPI increased 0.2% in May and 2.9% over 12 months, while energy prices accounted for most of the monthly increase.

Nationwide has started paying its 2026 Fairer Share payment to eligible members. Here is who qualifies for the £100, when it should arrive and what to check if it is missing.

The May 2026 CPI report is scheduled for release Wednesday, June 10, at 8:30 a.m. ET. Here is what to check in the BLS inflation data once it goes live.





