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Markets opened higher as investors shrugged off government shutdown fears. The Nasdaq and S&P 500 led gains, driven by strong tech earnings and M&A news, while Treasury yields and the dollar weakened amid uncertainty. Energy and chip sectors showed notable strength ahead of key economic data releases.
The US government shutdown looms as political divisions intensify, threatening a halt to key services and data releases, with leaders scrambling for last-minute deals amid economic uncertainty.
$1 trillion – Value of US Treasury’s gold reserves after record price surge
Electronic Arts is set for a record-breaking $55 billion leveraged buyout, signaling major shifts in the gaming industry as the company goes private amid market consolidation.
President Trump escalates trade tensions with aggressive tariff threats targeting foreign-made films and furniture, raising concerns over economic impacts and retaliation risks.
Carnival Raises Profit Forecast as Cruise Bookings Surge
Carnival Corporation reports record third-quarter earnings, lifting its annual profit outlook as demand outpaces capacity, signaling strong recovery in travel sector.
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Lufthansa announces plans to cut 4,000 jobs by 2030, leveraging AI and digitalization for increased efficiency amid industry challenges.
Government departments prepare for data blackout amid looming shutdown, potentially withholding critical economic reports and impacting markets and policymakers.
First Brands Files for Bankruptcy Amid Accounting Scandal
Auto parts supplier First Brands enters bankruptcy protection following revelations of off-balance-sheet debts, unsettling Wall Street and raising concerns over financial transparency.
More on ft.com
The deadly Michigan church shooting raises questions on domestic violence and security, as authorities investigate the attack that left multiple victims dead and injured.
US chip industry faces strategic realignment amid Trump’s manufacturing demands and tariff plans, pressuring Taiwan to relocate production and reshaping global supply chains.
The Labor Department announced a halt to economic data releases if the US government shuts down, affecting jobs reports and market transparency.
Rising gold prices push US Treasury gold reserves above $1 trillion in value, reflecting a surge in precious metals as investors seek safe havens amid economic uncertainty.
Political turmoil in Moldova intensifies as pro-EU parties secure parliamentary victories against Russian-backed groups, signaling a critical pivot toward European integration.
AI will change literally every job. The only question is how to prepare.
— Doug McMillon, Walmart CEO
Tech and AI sectors see rapid innovation and investment growth with firms like OpenAI, Black Forest Labs, and blockchain projects advancing new capabilities amid regulatory concerns.
Major banks streamline operations and boost growth targets amid economic headwinds; TD Bank reinstates medium-term goals and aims to cut costs significantly.
Retail giants brace for AI-driven employment changes, with Walmart forecasting AI will transform all jobs, pushing companies to prepare workforces for technological shifts.
Private equity and large leveraged buyouts surge as markets anticipate consolidation, highlighted by record-setting deals driven by global investment funds.
Tech stocks drive gains as investors look past shutdown fears; Nasdaq and S&P 500 climb despite political uncertainty.
Cryptocurrency markets rally with Bitcoin surging above $114,000 while investment products face volatile outflows, signaling mixed investor sentiment going into October.
European economies show resilience as major stock markets close higher supported by improved inflation data and retail sales, balancing trade and geopolitical risks.
Automotive and aerospace sectors adapt to geopolitical and technological pressures with expansions and cooperation in EV and lunar projects from BYD and Honda.
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