Amazon said it will make its less-than-truckload (LTL) shipping service available to all businesses and deliver to any U.S. destination under its Amazon Supply Chain Services program. The move triggered a selloff in freight stocks on Wednesday, with Old Dominion down more than 6%, ArcBest off 4%, Saia and XPO each sliding 5%, and FedEx Freight falling about 3%.

After Tuesday's whipsaw session and the worst U.S. stock-market day in a year, traders are looking to Wednesday's morning CPI release and Oracle's post-close earnings as key tests. Options activity skewed bullish in rate-sensitive areas, with heavy call buying in homebuilder ETFs XHB and ITB and in the regional bank fund KRE, while Oracle options implied a 12% move into results.

U.S. May CPI data is scheduled for release Wednesday at 8:30 a.m. ET, with Wall Street expecting a 0.5% monthly increase and 4.2% year-over-year inflation. Core CPI is projected at 2.9% annually after a 0.3% May rise, as concerns build that higher oil prices are feeding through the broader economy.

Apple shares fell 3% on Tuesday, one day after the company introduced Apple Intelligence and an LLM-based Siri AI at its Worldwide Developers Conference. Analysts generally welcomed the Siri upgrades, but some said the announcements lacked major surprises and may not lift the stock near term, as Apple did not provide a firm release date for Siri AI.

At IATA’s annual meeting in Rio de Janeiro, airline CEOs focused on surging fuel costs, weakening profitability and reliability problems in new-generation engines. Executives said booking demand has largely held up even as fares rise, while aircraft orders continue because delivery slots for popular models remain scarce.

The Office of the U.S. Trade Representative proposed Section 301 tariffs of up to 12.5% on 59 countries and the European Union, arguing that trading partners have failed to curb imports made with forced labor. International Labour Organization estimates put forced-labor victims at 27.6 million people daily and illegal profits at about $236 billion annually. Trade and legal experts said the investigation moved unusually fast for such a complex topic and could face court challenges, while the U.S. has also struggled with enforcement.

Financial planners say the 20-4-10 rule—20% down, a loan capped at four years, and transportation costs under 10% of gross income—has become difficult to follow as vehicle prices and borrowing terms shift. Using average prices, the guideline implies roughly $120,000 in annual income for a typical used-car scenario and about $175,000 for a new-car scenario, both above the 2024 U.S. median household income of $83,730.

Prediction-market traders are increasingly betting the Strait of Hormuz will not see normal shipping traffic this year. On Kalshi, the chance of not returning to normal before January 2027 is 66%, while odds of normalization before August dropped from 66% to 21% over the past two weeks. The market defines "normal traffic" as a seven-day moving average above 60 ships transiting the strait.

USAA said eligible Florida members will receive nearly $1 billion in combined savings and returns, including a $500 million dividend, with payments expected to begin June 15. The insurer tied the move to Florida's tort and civil litigation reforms and said easing legal costs have created room for rate cuts, dividends and rebates.