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Markets surged as S&P 500 and Nasdaq hit record highs driven by softer inflation data and optimistic tech earnings, led by Oracle’s AI cloud growth. Treasury yields steadied ahead of key inflation reports, while investors monitor geopolitical tensions from NATO’s drone engagements over Poland.
Federal Reserve Governor Lisa Cook’s firing by President Trump is legally blocked by court rulings, preserving her position amid political battles and legal challenges.
9.1% – Untypical drop in U.S. producer prices in August indicating easing inflation pressures.
Oracle Ltd.’s shares soar on unforeseen cloud demand and AI-driven contract growth, putting co-founder Larry Ellison on track to surpass Elon Musk as the world’s richest person.
President Trump urges the European Union to impose 100% tariffs on China and India, aiming to pressure Russia over its Ukraine invasion, while also facing renewed trade talks with India.
Oracle Shares Surge 40%… Ellison Nears World’s Richest Spot
Oracle’s stock skyrocketed on unexpected cloud demand and AI contracts, empowering co-founder Larry Ellison’s wealth surge beyond Elon Musk’s.
More on cnbc.com
NATO and Poland respond to Russian drone incursions over Polish airspace with air defense actions, marking a sharp regional escalation amid ongoing Ukraine conflict tensions.
Novo Nordisk announces significant workforce reduction by cutting 9,000 jobs worldwide amid rising competitive pressures from rivals in diabetes and weight-loss drug markets.
Novo Nordisk to Slash 9,000 Jobs Amid Eli Lilly Competition Surge
Novo Nordisk announced a major workforce reduction of 9,000 jobs as competitive pressures from rival Eli Lilly intensify in the weight-loss drug market.
More on theglobeandmail.com
U.S. producer prices unexpectedly fell in August, indicating easing inflation pressures ahead of the Federal Reserve’s looming interest rate decisions.
Jamie Dimon, JPMorgan Chase CEO, issues warnings about the weakening U.S. economy and expresses skepticism about optimistic employment data amid significant job market revisions.
Federal court rulings maintain Federal Reserve’s independence by blocking Trump’s attempt to fire Governor Lisa Cook amid ongoing legal challenges.
Embraer secures a landmark U.S. order from new carrier Avelo Airlines for 50 E195-E2 jets, marking the Brazilian aerospace company’s first major sale in the American market.
Uber partners with Joby Aviation to integrate helicopter and electric air taxi services into its platform, planning rollout in select cities starting 2026.
Maybe, one day, AI will fix that problem.
— Jamie Dimon, JPMorgan Chase CEO
Robinhood introduces a social media feature enabling users to share trading activity and investment ideas, reinforcing its push into social-oriented retail investing.
Poland officially triggers NATO’s Article 4 following Russian drone incursions, heightening tensions along NATO’s eastern flank as the alliance assesses the aggressive breach.
Market data shows S&P 500 and Nasdaq hitting record highs, spurred by softer inflation readings and strong corporate earnings from technology leaders like Oracle.
Teck Resources and Anglo American announce a colossal $70 billion merger, creating a mining giant positioned to benefit from surging copper demand for tech and military needs.
GameStop posts its fifth consecutive quarterly profit, driven by a significant rise in sales, continuing its turnaround as a strong performer in the retail and gaming sectors.
Judge rulings block President Trump’s attempts to remove Federal Reserve Governor Lisa Cook, reinforcing the Federal Reserve’s independent authority amid political disputes.
India and the U.S. continue trade negotiations amid tariff tensions, as South Korea faces manufacturing challenges following a large immigration raid affecting workers in Georgia.
Tesla’s share of the U.S. electric vehicle market declines as competition intensifies, with sales and market share dropping amid the ongoing EV boom.
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