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US stock futures slightly retreat after record weekly highs as investors digest Fed’s quarter-point rate cut and await inflation data. Asia-Pacific markets show mixed results post China’s loan prime rate hold. European shares remain cautious amid ongoing recovery from disruptive cyberattacks at major airports.
Trump administration shakes up H-1B visa system with $100K fee, triggering chaos and political backlash. Indian tech industry and global talent flows face disruption amid new visa costs and policy uncertainty.
$7.3 billion – Pfizer’s near takeover deal for anti-obesity firm Metsera.
TikTok US operation sale advances with major US billionaires joining buyer consortium, including Murdochs, Michael Dell, Larry Ellison. Deal gains momentum amidst US-China tensions.
Charlie Kirk memorial draws tens of thousands with speeches from Trump, Vance, and MAGA leaders. Scenes marked by faith, forgiveness, political tributes, and reunions including Musk and Trump.
Adani Power Rockets 20% on Stock Split, SEBI Nod
Adani Power’s shares surge nearly 20% following a five-for-one stock split and partial regulatory clearance by SEBI, reflecting renewed investor enthusiasm.
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European airports suffer multi-day disruption after cyberattack on airline check-in systems, causing cancellations, delays, with ongoing recovery efforts. Impact ripples across major hubs.
China keeps benchmark lending rates steady in September amid easing trade tensions and global economic uncertainty. Market watches central bank’s cautious stance after US Fed rate cut.
Europe’s Airports Reeling on Third Day After Cyberattack
Major European airports face ongoing flight cancellations and delays after a weekend cyberattack disrupts check-in systems, stranding travelers and agitating airlines.
More on nytimes.com
Market sentiment cautious after Fed rate cut with slight dips in US stock futures and mixed Asia-Pacific trade. Investors weigh inflation data and earnings reports as volatility lingers.
Warren Buffett’s Berkshire Hathaway exits Chinese EV leader BYD amid intensifying competition. Move marks end of long-term position as China’s EV market heats up.
Trump administration imposes a $100,000 fee on H-1B visa applications, fundamentally altering US skilled worker immigration and stirring legal challenges.
Gold prices hit record highs surpassing $3,700 as geopolitical risks and investor demand surge amid Fed rate cut hopes and economic uncertainty.
Pfizer closes in on $7.3 billion acquisition of anti-obesity drugmaker Metsera, aiming to strengthen its obesity treatment portfolio and market leadership.
Trump’s decree on H-1B visas ‘inserts total chaos’ into immigration process with next to no notice.
— Immigration Lawyer
US lawmakers engage with Chinese defense minister amid geopolitical tensions, signaling ongoing dialogue despite strained US-China relations.
Russian drone offensive intensifies with over 140 drones launched overnight into Ukraine, escalating conflict and prompting Ukrainian defense responses.
Amazon faces major civil trial over alleged misleading tactics in Prime subscription sign-ups and cancellations, putting its lucrative membership under scrutiny.
US and allies Canada, UK, Australia, and others formally recognize Palestinian state, stirring diplomatic tensions and political debates on Middle East peace efforts.
Tesla’s stock dips despite prospects for new record highs amid optimism over innovations and growth strategies.
Adani Power surges 20% after successful stock split and partial clearance from market regulator SEBI, boosting investor confidence.
JP Morgan and Wall Street analysts highlight dividend stocks and tech firms with strong potential amid current volatile market conditions.
US policymakers and business leaders brace for potential government shutdown with political brinkmanship escalating amid looming funding deadlines.
Facebook and tech platforms face increasing scrutiny over censorship and free speech debates sparked by political actions and content moderation controversies.
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