[ad_1]
U.S. equity futures hold near record highs with S&P 500 and Nasdaq supported by strong tech earnings and expectations for Federal Reserve rate cuts. Volatility remains subdued as investors digest weak jobs data revisions. Energy and defense sectors rally on geopolitical tensions, while inflows into AI and cloud stocks sustain momentum.
Poland takes unprecedented military action by shooting down Russian drones violating its airspace, raising NATO tensions during the Ukraine war. This escalation has drawn significant attention from Western leaders supporting Poland’s stance.
911,000 – Jobs cut from U.S. labor market data revision, largest downward revision ever.
Apple unveils its iPhone 17 series featuring its thinnest model, the iPhone Air, along with upgraded AirPods and smartwatches. The event highlights hardware improvements with limited emphasis on AI features, signaling a focus on design and performance.
Novo Nordisk, a leader in obesity drugs, plans a significant workforce reduction amid intensifying competition from Eli Lilly. Despite slashing 9,000 jobs, the company aims to refocus on diabetes and anti-obesity markets.
Starling Bank Eyes £4 Billion Valuation in Strong Secondary Share Sale
UK fintech Starling Bank targets a £4 billion valuation as it launches a secondary share sale, allowing major investors like Goldman Sachs to reap gains, signaling robust investor confidence.
More on ft.com
Oracle reports a massive $455 billion cloud backlog driven by AI demand, sending its stock surging toward record highs. The company projects aggressive revenue growth fueled by sprawling AI infrastructure projects.
The U.S. Bureau of Labor Statistics revises job growth downward by 911,000 for the period ending March 2025, indicating a weaker labor market than previously understood. This data raises concerns about the U.S. economic slowdown.
Novo Nordisk Plans 9,000 Job Cuts Amid Intense Eli Lilly Competition
Novo Nordisk announces drastic workforce reduction amid rising pressure from rival Eli Lilly in the obesity drug market, slashing 11% of global headcount to stay competitive.
More on marketwatch.com
Israel escalates Middle East conflict by targeting Hamas leaders in Qatar with airstrikes. The unprecedented attack on Qatari soil draws sharp international reactions and increases regional volatility.
The Trump administration pushes European Union to impose 100% tariffs on India and China aiming to pressure Russia. This move escalates trade tensions involving major global economies and complicates diplomatic relations.
U.S. Supreme Court fast-tracks ruling on President Trump’s authority to impose sweeping tariffs; European Union proposes new sanctions on Israeli ministers and settler violence.
Meta and TikTok win a European court battle halting imposed supervisory fees under the Digital Services Act. This is a significant legal win amid mounting EU regulatory pressures on big tech platforms.
Starling Bank aims for a £4 billion valuation in a secondary share sale by allowing investors, including Goldman Sachs, to reduce their stakes. The fintech seeks to capitalize on renewed investor appetite.
Stability at home is America’s best defense against China’s exploitation.
— Palantir CEO Alex Karp
Poland formally invokes NATO’s Article 4 following a massive breach of its airspace by Russian drones, seeking alliance support amid escalating conflict with Russia during the Ukraine war.
Intel appoints a new data center chief from ARM amid executive departures, signaling shifts in its chip leadership during a competitive semiconductor market environment.
China’s consumer price index falls deeper into deflation in August, intensifying economic concerns and prompting calls for measures to boost demand and counteract the deflationary trend.
The European Union steps up support to Ukraine, pledging €6 billion for drone alliance funding while preparing sanctions against Israeli officials amid Gaza conflict developments.
Meta’s elite AI division faces internal tension as new hires disrupt existing dynamics, reflecting broader challenges in the tech industry’s race for artificial intelligence dominance.
The U.S. Supreme Court expedites hearings to decide if President Trump has legal authority to impose sweeping global tariffs, setting up a major constitutional and economic battle.
Lachlan Murdoch wins family succession battle, gaining control over media empire including Fox News and The Wall Street Journal, ending years of internal conflict.
GameStop posts its fifth consecutive quarterly profit driven by strong hardware and collectibles sales, despite overall retail and industry challenges.
Amazon expands AI-powered shopping features with new Lens Live tool to enhance product discovery and interactivity in its app, supporting its e-commerce dominance.
China’s AI cloud market is dominated by Alibaba, capturing over a third of market share, positioning the company ahead of rivals in the country’s burgeoning AI technology sector.
[ad_2]