Markets turned choppy as S&P 500 slipped while the Nasdaq showed the largest swings amid an AI-led selloff. The Dow tumbled more than peers in early trade but booked mixed weekly returns as investors weighed fading rate-cut bets, a weaker tech tape, crypto outflows and safe-haven gains in energy and the dollar.
Federal Reserve officials are publicly pushing back on market bets for imminent policy easing as internal splits widen. Markets are rapidly repricing December rate-cut expectations, raising volatility across risk assets.
312% – Increase in Walmart shares during Doug McMillon’s tenure as CEO.
A backlog of delayed labor data ends next week as the Labor Department and BLS schedule the September jobs release. Investors and policymakers await the report for guidance on growth and Fed timing.
The White House moved to roll back tariffs on scores of goods to ease consumer prices, triggering debate about longer-term inflation and trade policy. Analysts warn reversing tariff policy carries economic trade-offs.
Pine Labs IPO posts strong debut — shares jump
India’s Pine Labs surged in a well-received $440m IPO, signaling investor appetite for fintech growth despite a cautious macro backdrop.
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A White House national-security memo accuses Alibaba of supporting Chinese military operations, dragging the company’s shares. U.S.-China tech tensions spike as markets reassess supply-chain and security risks.
Anthropic says what it calls a largely automated hacking campaign used its AI tools, marking a new cyber risk. The firm blames state-backed actors for weaponizing agentic AI at scale.
Sonder files for bankruptcy — Marriott guests stranded
Shortfall in Sonder’s finances triggered bankruptcy after Marriott ended its partnership, leaving customers and partners scrambling for refunds.
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A volatile trading day hit AI and megacap stocks as investors wrestled with policy uncertainty and stretched valuations. Market breadth weakened, leaving bond and crypto markets sensitive to any macro surprise.
Cryptocurrency markets plunged as bitcoin fell below key psychological levels and investors pulled cash from spot ETFs. Outflows intensified the rout, pressuring altcoins and crypto-linked equities.
White House ordered tariff rollbacks on dozens of food items and eased FAA flight caps at busy airports; SEC signalled upcoming corporate governance proposals to curb shareholder-proposal ‘weaponization’.
Berkshire Hathaway revealed a large new position in Alphabet, signaling Buffett-era endorsement of big-cap tech. The moves also include trimming of legacy tech exposure as the conglomerate rebalances.
Walmart announced a surprise leadership transition as longtime CEO Doug McMillon prepares to retire. John Furner, the head of U.S. operations, will take the helm — a management succession with big retail and market implications.
“I will direct the Department of Justice to investigate Epstein’s ties”
— President Donald Trump
A London court ruled that global miner BHP is liable for the catastrophic Mariana dam collapse, opening large-scale compensation exposure. The judgment reverberates through the mining sector’s legal and reputational risks.
Enbridge approved a $1.4 billion expansion to boost crude flows to U.S. Gulf Coast refineries, highlighting North American midstream capacity moves. The project underscores energy infrastructure’s role amid tight heavy-oil markets.
Merck agreed to buy Cidara Therapeutics in a $9.2 billion deal as Big Pharma hunts new assets to replace aging blockbusters. The takeover rallies biotech equities and reshapes competition in infectious-disease pipelines.
A federal judge approved a $7.4 billion settlement for Purdue Pharma, advancing a long-running resolution to opioid litigation. The ruling paves the way for payouts to plaintiffs and the company’s bankruptcy exit.
Iran’s IRGC seized a tanker in the Strait of Hormuz, raising regional tensions and oil-market risk. Separately, the U.S. reported a lethal strike on a narcotics vessel in the Caribbean, underscoring use-of-force flashpoints.
A major Russian drone and missile attack struck Kyiv, killing civilians and wounding many, escalating wartime civilian tolls. The strikes signal continued intensity in the aerial campaign against Ukraine.
Google committed $40 billion to build three massive Texas data centers, including renewable power integration. The investment spotlights the scale of AI infrastructure spending and its local economic impact.
The FAA eased mandatory flight cuts imposed during the shutdown, allowing airlines to restore portions of schedules. Regulators cite improving safety metrics but some limits remain as services normalize.
Washington approved a $330 million sale of military aircraft parts to Taiwan, prompting rebukes from Beijing. The transaction underscores persistent US-Taiwan security cooperation amid cross-strait friction.