Business

Dollar Climbs, 2-Year Yields Rise After Warsh Signals Higher Rates

The dollar climbed and 2-year Treasury yields rose after Fed Chair Kevin Warsh's Friday speech emphasized delivering stable prices, lifting rate-hike bets.

Iran Ties Strait of Hormuz Reopening to End of Regional Wars

Iran said on Thursday it would set conditions to reopen the Strait of Hormuz, linking the move to an end to fighting in Gaza, Lebanon and Syria.

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Nvidia Earnings Beat Fails to Lift Broader Chip Sector This Week

Nvidia posted blockbuster results on August 28, but the wider chip sector closed mixed across the US, Europe and Asia, exposing a narrowing AI trade.

Nepal-Tibet Flood Kills 469, Leaves 39 Australians Missing and Rebuild Nearing $5 Billion

A glacier collapse on the China-Nepal border killed at least 469 people, left 39 Australians missing and could cost $5 billion to rebuild.

Trump Pauses 50% Canada Tariffs for Three Days as Deal Nears

Trump has delayed new 50% tariffs on Canadian goods for three days, saying the US and Canada are close to finalizing a trade agreement.

Cerebras Unveils New Server Chip to Speed AI Chatbots, Chase Post-IPO Comeback

Cerebras has launched a new server chip and system designed to accelerate AI chatbots and agents as it seeks a post-IPO comeback in a crowded market.

Quantexa Weighs UK or US IPO as Data Group Eyes Public Listing

British data group Quantexa is exploring a stock market listing in London or New York, in what could be a major UK technology IPO.

Costco Enters Medicare Market With SCAN Group Insurance Plans

Costco is entering the health insurance market, partnering with SCAN Group to offer Medicare Advantage plans to members starting in 2026.

Global Bond Rout Deepens, Turning U.S. Debt Load Into a Political Test

A deepening global bond sell-off is pushing U.S. Treasury yields higher, raising borrowing costs and turning America's debt load into a political test.

South Korea’s KOSPI Halts Trading After 5.2% Plunge on Chip Selloff

South Korea's KOSPI briefly halted trading after a 5.2% plunge led by SK Hynix and Samsung as an AI stock selloff hit Asian markets and oil prices rose.

Fed Minutes Gain Weight as Warsh Curbs Central Bank Communication

Federal Reserve minutes due Wednesday take on added significance as Chair Kevin Warsh curbs public communication, leaving markets starved for guidance.

Rising U.S. Bond Yields Push Mortgage Rates Higher, Squeezing Home Buyers

Surging long-term U.S. Treasury yields are lifting mortgage and consumer borrowing costs, dealing a fresh blow to home buyers as the bond selloff deepens.

Disney Sues FCC Over Threats to ABC Broadcast Licenses

Disney and ABC have sued the FCC, alleging the regulator's early review of broadcast licenses is an unconstitutional attempt to influence news coverage.

Klarna Stock Plunges 20% as CFO Departs and Volume Outlook Trimmed

Klarna shares fell about 20% after the fintech trimmed its volume outlook and announced its CFO's departure, despite returning to quarterly profit.

Baidu Misses Quarterly Estimates as Ad Revenue Falls 19%, Shares Slide

Baidu reported weaker-than-expected quarterly revenue and earnings as advertising sales fell 19%, sending shares lower amid its costly pivot to AI and Erni

Rising Bond Yields Drag S&P 500 Lower for Third Straight Session

Global bond yields climbed to multidecade highs and oil prices rose, pushing the S&P 500 lower for a third straight session as inflation fears returned.

Hims & Hers CEO Rejects FTC Lawsuit, Says Regulators Misunderstand Business

Hims & Hers CEO Andrew Dudum has pushed back against an FTC lawsuit, arguing regulators misunderstand the telehealth company's disruptive business model.

Einride Adds 500 Tesla Semi Trucks to Expand North American Fleet

Einride will deploy 500 Tesla Semi electric trucks across North America, one of the largest commitments to the vehicle as it forecasts faster growth.

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