Section
Markets
What moved stocks, bonds, oil, gold and the dollar, and what traders are watching next.
Market data by TradingView and Coinbase. Rates are the latest daily or weekly Federal Reserve data. Futures boards show 24-hour index and commodity prices that track futures markets. Some quotes may be delayed. Not investment advice.
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U.S. and China extend the Busan trade truce to Jan. 10, moving the tariff deadline past the holidays
Treasury Secretary Scott Bessent said the truce due to lapse on Nov. 10 will now run to Jan. 10. The two extra months carry the deal past the first full-year test of China's soybean pledge and past peak holiday shipping.
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AMC prices $3.97 billion refinancing at 8.875%; total interest falls but cash interest rises
AMC sold $2 billion of first-lien notes at 8.875% and an $850 million loan at SOFR plus 4.5%, pushing its 2029 debt wall out to 2031 and beyond. On our math the yearly interest bill falls by about $44 million, but the part paid in cash goes up.
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Long-bond ETF TLT closes at a record low of $80.46 as the 30-year yield hits 5.40%
The biggest long-Treasury fund is down 53% from its 2020 peak on price alone. With six years of monthly payouts added back, the loss is about 42%, and the fund now yields about 4.8% on trailing distributions.
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White House drafts a 90-day diesel export ban; refiner stocks fall, then recover most of the drop by the close
Politico reported a 90-day ban is being prepared, while the energy secretary talks of caps instead. Ninety days of exports at the recent pace is about 140 million barrels, more than all the diesel in U.S. storage.
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Alcoa closes $2.6 billion of bonds at up to 6.875% for the South32 deal, more than doubling its debt
The notes pay for the $3.1 billion cash portion of Alcoa's purchase of South32's aluminum assets. They add about $175 million a year of interest, more than Alcoa's current interest bill, and must be repaid at par if the deal falls through.
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BHP halts Escondida, the world's largest copper mine, after a worker death, with copper near a record
All operations at the Chilean mine, which BHP expected to produce up to 1.28 million tons this year, are suspended with no restart date. Copper was already up about 41% on the year.
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Stocks close lower as the 10-year yield hits 5.11%: S&P 500 falls 0.75%, Nasdaq drops 1.1%
Hot flash PMI readings and a Fed governor backing more hikes sent Treasury yields to their highest since 2007. Rate-sensitive stocks and small caps took the worst of it; energy was the only sector up.
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Brightline nears Chapter 11 with $4.4 billion of muni debt; its junior bonds already trade near 33 cents
Florida's private passenger railroad may file as soon as Thursday. The plan targets $1.19 billion of corporate notes, but the muni bonds that high-yield funds hold have been priced for trouble for months.
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5-year Treasury auction clears at 5.033%, highest since 2006, with the weakest demand since 2018
Wednesday's $70 billion sale paid 64 basis points more than August's. Bids covered it just 2.21 times, foreign and fund buyers stepped back, and dealers were left holding the most since 2024.
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SEC counts 208 IPOs in the first half, but SPACs drove the rise and operating-company listings fell 21%
The SEC says IPO proceeds jumped almost fivefold to more than $137 billion. Its own table shows 118 of the 208 deals were blank-check companies, and the second quarter alone brought in 84% of the money.
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5-year Treasury yield tops 5% for the first time since 2007 as October hike odds jump to 73%
The whole short end of the curve repriced in one session after a hot business survey and a Fed governor backed more hikes. For business borrowers the five-year, not the ten-year, is often the benchmark for fixed loan rates.
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Bessent says the U.S. is open to extending the China trade truce that ends Nov. 10, or a bigger deal
The Treasury Secretary met Vice Premier He Lifeng a day before Xi Jinping's White House summit. Here is where the truce's three headline promises stand on soybeans, Boeing jets and rare earths.
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Wright says a diesel export ban "definitely doesn't work"; exports already fell 18% to 1.33 million barrels a day
Chris Wright broke with President Trump on an export ban and pointed to a voluntary deal with refiners instead. EIA data out the same morning shows exports already dropped 18% last week, and what a ban would do to storage within two weeks.
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Airtel Money plans a London IPO at up to $9 billion, up to about 7 times revenue for a debt-free African wallet
Airtel Africa's mobile money arm will list in London by selling existing shares, aiming to raise at least $800 million. That is well below the $1.5 billion to $2 billion it once hoped for, and it could still be the UK's biggest IPO since 2021.
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Swiss senators back a 90% capital rule for UBS units; the bank puts the extra cost at about $18 billion
Headlines disagreed on whether the vote was tough or lenient on UBS. Both are right: it is easier than the government's 100% plan and much harder than the bank's preferred option. It roughly doubles the capital behind UBS's foreign units.
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Amazon stock: what is actually going on
Amazon traded near $249.60 at midday Wednesday, worth about $2.69 trillion. AWS is growing at its fastest pace in 18 quarters, but the stock has lost about 12% since early August while the Nasdaq-100 rose.
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Gold drops below $4,300 and silver falls 3.8% as the dollar hits a two-month high
Metals broke out of the range they had held for days as traders priced in another Fed hike. The real yield on 10-year Treasuries is what makes holding gold expensive right now.
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Crude stocks rise 3 million barrels as exports drop 1.55 million a day; distillate cover falls to 27 days
The EIA's weekly report shows a crude build driven mostly by a sharp drop in exports rather than a glut. Distillate stocks slipped again as diesel demand jumped, as Washington weighs a diesel export ban.
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10-year Treasury yield hits 5.06%, highest since 2007, as stocks slip and small caps fall 1.6%
A hot business survey and a Fed governor calling for more hikes pushed the benchmark yield to a 19-year high. The Russell 2000 took the worst of it, and the odds of an October hike topped 60%.
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Activist Toms Capital urges Devon Energy to consider a sale; its claimed discount is worth about $13 a share
Toms, now among Devon's five largest holders according to CNBC, says the post-Coterra company trades at least one EBITDA multiple point below peers. We worked out what that gap means in dollars, using Devon's own filings.
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Before the bell: futures flat after Nasdaq record, MBA mortgage rate hits 7.12%, flash PMI due
Stock futures barely moved as oil swung on U.S.-Iran talks. The MBA's 30-year rate rose to its highest since May 2024, and General Mills and Paychex report this morning.
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SEC fines OTC Link $575,000 over more than eight years of gaps in its systems-security rules
The broker-dealer runs the main quotation and trading systems for over-the-counter stocks. The penalty is about 7% of one quarter's profit at its parent, OTC Markets Group.
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Meta's Muse knocks about $81 billion off banks, brokers and insurers; Schwab falls 6.1%, Allstate 5.5%
Investors sold companies that profit when customers stay put, on fears that AI agents will shop around for people. Expedia, which signed up with Muse, finished flat.
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Iran hands Witkoff three conditions to reopen Hormuz; diesel futures are down 11% in a week, pump prices are not
Tehran wants the naval blockade lifted, frozen assets released and an end to fighting on every front. Wholesale diesel has already priced in a lot of hope, while the pump price hit another record.
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CFTC staff say "mention" bets are presumed open to manipulation, including earnings-call word contracts
The CFTC says its advisory creates no new obligations. The letter itself tells exchanges that staff may treat these contracts as presumptively manipulable and expect a heightened showing to list them.
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Apollo's private credit fund, with $26 billion of loans, got exit requests for 14.7% of shares. It will pay out 5%
Apollo Debt Solutions says about $0.7 billion goes back to investors this quarter. By the fund's own numbers, roughly $2 billion was requested, so about two-thirds of the requests roll forward again.
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Data center power supplier Solaris upsizes bond sale to $1.25 billion at 7%, about 2 points over Treasuries
Solaris Energy Infrastructure raised its offering from $1 billion after launching it Tuesday. The shares fell 4.9%, and the new debt equals about a quarter of the company's stock market value.
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Trump backs a diesel export ban and says a decision is coming fast; Valero falls 4.1%
Treasury Secretary Bessent says the administration is studying a full or partial ban. Refining stocks, which make money on the gap between diesel at about $207 a barrel and crude near $93, sold off.
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Stocks close mixed: Nasdaq sets another record at 27,244 as the S&P 500 ends flat and the Dow drops 185
Tech and a handful of big single-stock moves lifted the Nasdaq, while a near 2% slide in financial stocks held the S&P 500 in place. Oil fell for a fifth straight day.
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BofA sees Brent above $150 if Iran disruptions last; the U.S. emergency oil reserve is down 30% in a year
Oil hovered near $100 as Trump said an Iran deal would come after the midterms and Bessent said a diesel export ban is under review. Federal data shows where the cushion has gone.
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AI borrowers now pay about 115 basis points over Treasuries, versus 78 for the rest of high-grade debt
Bond buyers are not worried Meta or Alphabet will default. They are worried about how much more debt is coming. Here is what the 37-point gap costs.
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GOP split over a diesel export ban: the U.S. is shipping 1.6 million barrels a day, nearly double a year ago
Republican farm-state lawmakers want Washington to stop diesel leaving the country. EIA data shows why the idea has traction, and one House bill's own price trigger would have kept exports shut since March.
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Kalshi asks the CFTC to allow margin on prediction markets, but not for retail sports bettors
The headline version says users could trade on borrowed money. Under the filing, only large self-clearing members would get leverage, and sports, culture and mention markets are excluded.
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Alibaba unveils its Zhenwu V900 AI chip. Nvidia's guidance already assumes no China data center sales
Alibaba called the V900 China's most powerful AI chip and set a 20-gigawatt data center goal. Its U.S.-listed shares rose about 1%, and the read-across to Nvidia's numbers is smaller than the headlines suggest.
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GameStop's Ryan Cohen buys $26.4 million of stock, weeks after a debt swap added 55.5 million shares
GameStop shares rose about 4% after its chief executive disclosed buying 1.15 million shares at about $22.94. The filings behind the purchase show the stake it bought into had just been diluted by roughly 12%.
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Oil falls a fifth day and Brent slips under $100 as Saudi pipeline restarts, but diesel sets another record at $6.53
Saudi Arabia is testing and restarting its East-West pipeline after a September 10 drone strike. Crude is falling faster than diesel, and the government's own price breakdown explains why truckers will wait longest for relief.
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Before the bell: oil drops on Hormuz report, futures edge up, 10-year yield near 4.94%
Crude fell after a report that Iran could reopen the Strait of Hormuz within seven days, while stock futures held Monday's tech-led gains. Fed Vice Chair Jefferson speaks at 10:20 a.m.
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Bitcoin hits $87,397, an eight-month high, but it is still below where 2026 began
A short squeeze and returning ETF money pushed Bitcoin to its highest price since January 29. It is up about 48% from its July low and still roughly 2% down for the year.
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Stocks close higher: Nasdaq hits a record 27,122 and the S&P 500 gains 1.5% as oil drops 4.5%
Chip stocks and Meta led a broad rally as crude fell below $100 and Treasury yields eased. It was the Nasdaq's first record close since June.
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Meta stock jumps 11% to about $741 as its Muse AI agent draws Wall Street praise and an Amazon block
Meta is on track for its biggest gain of the month, adding roughly $190 billion in market value, after Wells Fargo raised its price target ahead of Connect. Amazon, meanwhile, cut Muse off from shopping on its site.
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Apple stock: what is actually going on
Apple traded near $342.37 at midday Tuesday, worth about $5 trillion and up about 26% in 2026, after touching $345.34 intraday. A new CEO, the iPhone 18 launch and rising memory chip costs are what matter now.
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Paramount settles state antitrust suit, clearing the way for its $110 billion Warner Bros. deal
Warner Bros. Discovery shares rose about 10% and Paramount Skydance about 11% after reports that the company reached a settlement with the states suing to block the merger.
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AMD tops $1 trillion in market value as Intel and Arm jump about 15% in a processor rally
Advanced Micro Devices hit a record and crossed the $1 trillion mark for the first time on Monday, as a broad bid for CPU makers helped lift the Nasdaq about 1.6%.
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Oura sets IPO range at $40 to $44 a share, seeking up to $2.2 billion on Nasdaq
The smart ring maker launched its roadshow Monday with a filing that shows nine-month revenue up 74% to $1.21 billion. Reuters says the deal targets a fully diluted valuation of $15.62 billion.
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Before the bell: futures up about 0.7%, oil slides 2%, 10-year yield eases to 4.95%
Stock futures point higher as crude pulls back and Treasury yields dip from last week's 19-year high. The Trump-Xi summit on Thursday is the week's main event, and bitcoin is back near $85,000.
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Oil falls 2% Sunday night, WTI near $98, as Saudi crude starts moving again through the Gulf
U.S. crude and Brent both dropped about 2% as futures reopened, even after a weekend Houthi attack on Saudi Arabia. Traders are focused on how much Saudi oil is getting back to market.
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Fed's Kashkari says inflation is too high in 'all aspects' of the economy, not just oil
The Minneapolis Fed president told Fox News on Sunday that price pressure runs well beyond energy, days after backing the Fed's quarter-point hike to 3.75%-4%. Here is what it signals about the rate path.
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Palantir stock: what is actually going on
Palantir closed Friday at $177.64, worth about $427 billion, and is roughly flat for 2026 after falling to $107 in June and jumping 29% in a day on August earnings. Revenue is growing 93% a year.
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Tesla vs Waymo: one has the miles, the other has the manufacturing
Waymo has driven hundreds of millions of driverless miles and published the safety math. Tesla has a car built for the job, a factory and a lower cost per vehicle. The race is between proof and price.
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Strategy (MicroStrategy) stock: what is actually going on
Strategy closed Friday at $153.92, up 16.4% as bitcoin returned to $80,000. The company holds 845,050 bitcoin, has not bought any since early September, and is now buying back its own preferred shares instead.
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Coinbase stock: what is actually going on
Coinbase closed Friday at $194.25, up 11.7% on the day but less than half its 52-week high. The last reported quarter showed a $359.5 million net loss, and almost half of net revenue no longer comes from trading fees.
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What the federal crash reports actually say about Tesla's robotaxis
Seventeen autonomous-system incidents across nine months of testing, most of them minor, several caused by other drivers, and two caused by Tesla's own remote operators. The record is neither the disaster nor the perfection both sides claim.
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Nvidia stock: what is actually going on
Nvidia closed Friday at $222.27, worth about $5.36 trillion. Data centers now supply 92% of its revenue, and the company has committed $366 billion to future supply, leases and investments.
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Tesla's Cybercab is carrying passengers in Austin. Here is what is actually running
A two-seat car with no steering wheel, no pedals and no mirrors started commercial service on September 3. Six cities already have driverless Teslas, the target is ten by year end, and a federal audit opened the same day the service did.
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Musk's companies quietly merged their AI: what SpaceX owning xAI means for Tesla shareholders
SpaceX absorbed xAI in February. Tesla's investment converted into roughly 19 million SpaceX shares. Grok now drives features inside Tesla cars. Here is how the pieces fit, and why it matters to anyone holding TSLA.
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Tesla is no longer priced as a car company: inside the robotaxi and Optimus bet
A Cybercab pilot in Austin, a Nevada permit for up to 5,000 autonomous vehicles, a third-generation humanoid robot and an in-house AI chip. Here is what Tesla is actually building, and what investors are watching next.
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Why we're watching VeChain: a 2017 supply-chain coin quietly rebuilt itself for 2026
VET is up about 69% in a month and still down 97% from its 2021 high. Behind the move: a hard fork that landed this week, staking that has locked up billions of tokens, a Franklin Templeton fund running on the chain, and Walmart China still tracking food on it.
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Coinbase, Kalshi and Kraken file to bring crypto-style perpetual futures to US stocks
Three crypto trading groups asked regulators this week to list single-stock futures with no expiry date. Nothing is approved yet, and none of the contracts is trading.
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AI cloud firm Nscale files for NYSE IPO as first-half revenue jumps 1,252% to $140.6 million
The London-based GPU cloud provider plans to list under the ticker NSCL. Its filing shows fast growth, a $1.02 billion first-half loss and $56.4 billion in contracted future revenue.
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Warren Buffett steps down as Berkshire chairman at 96; son Howard Buffett takes the seat
Buffett becomes chairman emeritus and stays on the board, completing a handoff that began when Greg Abel became CEO. Berkshire's B shares ended Friday little changed.
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Fed raises rates to 3.75%-4% and signals one more hike this year
The Federal Reserve lifted its benchmark rate by a quarter point in a unanimous vote, said inflation "remains elevated," and penciled in another increase before the end of 2026.
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Week ahead for futures traders: yields above 5%, a quieter calendar, and the road to the October jobs report
After the Fed's hike, the week of September 21 brings a flash business survey and jobless claims before a heavy stretch of data into early October. The levels and dates on traders' radar.