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Stocks rallied as energy names jumped and hopes for a Trump‑Xi meeting steadied risk appetite. S&P 500 and Nasdaq climbed toward record highs while the Dow lagged; oil-driven volatility and Friday’s CPI loom as key catalysts, with tech and energy leading gains amid elevated intraday swings.
President Trump issued a high-profile pardon for Binance founder Changpeng Zhao, marking a dramatic policy shift for crypto enforcement. Coverage includes immediate reactions and the political fallout around the decision.
5% – Rise in oil prices after U.S. sanctions on key Russian producers.
The U.S. slapped fresh sanctions on Russia’s oil giants, triggering an immediate spike in global crude prices. Markets and policymakers are scrambling to assess supply and inflation implications.
The EU moved in lockstep with Washington, adopting a new package of sanctions targeting Russian energy and shipping. Brussels’ measures widen the diplomatic and economic pressure on Moscow.
Newmont beats Q3 estimates as gold rallies
Newmont reported stronger-than-expected quarterly profit, lifted by record-high gold prices that boosted revenue and free cash flow, comforting commodity investors.
More on theglobeandmail.com
Intel reported a profit and better-than-expected results as its turnaround shows signs of traction, though foundry progress remains the strategic focus. Investors are parsing guidance for long-term foundry and AI demand.
Anthropic secured a huge expansion of cloud compute with Google, locking in thousands of TPUs and massive capacity commitments. The deal reshapes AI compute competition and underlines big-cloud strategic bets.
Moderna vaccine flop sends shares tumbling
Moderna’s experimental CMV vaccine failed a pivotal Phase 3 trial, triggering sharp investor losses and raising questions about the biotech’s near-term pipeline.
More on investors.com
Apple has accelerated U.S. server manufacturing, shipping AI-capable machines from its Texas facility ahead of schedule. The move underscores industrial policy wins and supply-chain localization trends.
A major Alaska Airlines IT outage grounded flights nationwide, creating widespread travel disruption and regulatory scrutiny. Airlines and FAA face pressure to explain resilience of critical systems.
U.S. imposes direct sanctions on Rosneft and Lukoil; EU follows with coordinated energy and shipping restrictions. Interior finalizes ANWR drilling plan and Energy Dept. pushes faster grid access rules for AI data centers.
Federal prosecutors arrested dozens in a sprawling probe into illegal sports gambling and rigged poker rings that touched current and former NBA figures. The indictments expose links between organized crime and professional sports.
The government shutdown is deepening operational risk: federal pay is at stake and air travel faces disruptions as key staff may miss paychecks. Lawmakers remain gridlocked on stopgap funding measures.
Don’t believe I’ve ever met him, but he had a lot of support.
— President Donald Trump
President Trump abruptly ended trade negotiations with Canada after a provincial ad he called misleading. The move risks escalation with one of the U.S.’s closest trading partners and complicates tariff and supply-chain calculations.
Disney warned YouTube TV subscribers that ABC, ESPN and other channels could go dark amid carriage negotiations with Google. The dispute threatens live sports access and could pressure a major streaming bundle ahead of peak TV season.
Target moved aggressively to restructure its corporate ranks, announcing cuts in multiple waves as the incoming CEO seeks to streamline operations. The retailer aims to reduce complexity ahead of the holiday season.
Rivian announced another round of layoffs and a leadership reshuffle as the EV maker braces for slower demand and the R2 launch. The moves underline the funding and production pressures across the EV sector.
Meta is trimming hundreds of roles in AI and risk teams as the company automates compliance and refocuses engineering resources. The cuts highlight broader tech-sector labor reallocations as AI changes work functions.
Quantum computing stocks rallied amid reports the U.S. government is exploring equity stakes to accelerate domestic capability. The speculation lifted names from D-Wave to IonQ and reshaped investor expectations.
AI data centers are straining local grids, driving novel energy solutions from repurposed jet engines to policy pushes to speed grid hookups. Regulators and operators face pressure to balance speed with reliability.
U.S. and Chinese trade teams are meeting ahead of an anticipated summit between Presidents Trump and Xi. The talks aim to defuse tensions and set a framework for a high-stakes bilateral meeting next week.
U.S. authorities charged former executives over alleged trade‑secret thefts tied to cyber‑weapons and Russian buyers, raising national-security concerns. The cases underscore risks in the cyber defense and zero‑day markets.
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