Category: Top Story
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Oil Nears $100 as Markets Assess Fed Rate Expectations and Iran Tensions: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures were mixed on Tuesday as investors returned from the Labor Day holiday and assessed higher oil prices, rising bond yields, upcoming economic data and expectations for the Federal Reserve’s September policy meeting. Developments in the Middle East also remained in focus, while markets continued to assess a stronger-than-expected August U.S. employment report.…
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Dow Futures Fall as Markets Assess Fed Rate Expectations and Higher Oil Prices
U.S. stock futures were mixed early Tuesday as investors returned from the Labor Day holiday and assessed higher oil prices, recent employment data and expectations for the Federal Reserve’s September policy meeting. Dow Jones Futures fell 0.8% to 53,034.0 points by 03:13 ET (07:13 GMT), while S&P 500 Futures declined 0.2% to 7,704.75 points. Nasdaq…
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Novo Nordisk Semaglutide Trial Shows 40.4% of Children Moved Below Obesity BMI Threshold
Novo Nordisk (NYSE:NVO) said on Monday that 40.4% of children with obesity who received once-weekly semaglutide in its phase 3 STEP Young trial achieved a body mass index below the obesity threshold after 68 weeks. The study enrolled 165 children aged 6 to under 12 with obesity. Participants received either semaglutide or placebo alongside lifestyle…
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Five Market Events to Watch This Week: U.S. Inflation, ECB Rates, Iran and Earnings
U.S. inflation figures, the European Central Bank’s interest-rate decision and developments in the Iran conflict are among the main events for markets this week, alongside earnings reports from Oracle (NYSE:ORCL) and Adobe (NASDAQ:ADBE). The U.S. trading week will be shortened by Monday’s holiday. Investors will then turn to economic data and central bank policy, with…
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At Least Five Killed in Amazon Prime Air Cargo Plane Crash at Miami Airport
At least five people were killed after an Amazon (NASDAQ:AMZN) Prime Air cargo aircraft overran a runway while landing at Miami International Airport on Sunday and struck several vehicles, according to local officials. Prime Air Flight 7598 overran the airport’s diagonal runway shortly before 2 p.m. EDT (1800 GMT), officials said at a news conference.…
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Nvidia CEO Jensen Huang Says ‘AGI Has Arrived’ Following OpenAI GPT-6 Astra Launch
Nvidia (NASDAQ:NVDA) Chief Executive Jensen Huang said artificial general intelligence has arrived, pointing to OpenAI’s GPT-6 Astra as a milestone in the development of artificial intelligence systems. “AGI has arrived,” Huang wrote in a post on X on Sunday, congratulating OpenAI on the launch of Astra. OpenAI has described Astra as its most intelligent and…
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Oil Rises on U.S.-Iran Strikes as Markets Await U.S. Inflation Data: Dow Jones, S&P, Nasdaq, Wall Street Futures
Oil prices rose on Monday after further military exchanges between the United States and Iran increased attention on shipping through the Strait of Hormuz, while investors looked ahead to U.S. inflation data later this week. U.S. stock markets were due to remain closed for a holiday, leaving investors focused on geopolitical developments and upcoming economic…
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Citi and ANZ raise Brent crude forecasts amid Middle East supply disruptions
Citi and ANZ have raised their Brent crude oil price forecasts as disruptions to Middle East supplies continue to affect the global oil market. Citi increased its third-quarter 2026 Brent forecast to $86 per barrel. The bank described the current situation, including a U.S. blockade of Iran and reduced oil flows through the Strait of…
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Morgan Stanley estimates Apple foldable iPhone could generate $14 billion in December-quarter revenue
Morgan Stanley estimates that Apple’s (NASDAQ:AAPL) first foldable iPhone could contribute about $14 billion in revenue during the December quarter, with the bank describing the planned launch as the company’s most consequential since the iPhone X. “Apple’s first foldable iPhone is the biggest iPhone form-factor change since iPhone X,” analyst Erik Woodring wrote ahead of…
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Hot Jobs Report Sinks Stocks as Rate-Hike Bets Climb
Wall Street closed lower on Friday after a surprisingly strong August jobs report flipped the market’s thinking on interest rates. Instead of cheering a healthy labor market, investors worried that the hiring surge gives the Federal Reserve reason to keep rates high, or even raise them, at its meeting later this month. Treasury yields jumped,…