Wall Street Braces for CPI, Fed Meeting and Bank Earnings
The S&P 500’s 14% rally faces a test this week as September CPI, bank earnings and a Fed decision loom, while gold climbs to $4,221.80 on rate-hike bets.
Tariffs Blamed for Factory Job Losses as Workers Shift Political Stance
A Michigan clockmaker’s closure and nearly 200 layoffs illustrate how tariff-driven job losses are reshaping voter sentiment ahead of the US midterms.
Trump Tariffs Hit 10-12.5% on 60 Economies Ahead of Vote
US tariffs on 60 economies now sit between 10% and 12.5%, with a growing share of Americans saying the policy has gone too far ahead of November’s midterms.
Seattle’s Grocery Pricing Ban Sparks Cost Debate
Seattle passed a first-in-the-nation ban on personalized grocery discounts, with supporters citing fairness and retailers warning of higher shelf prices.
RBI’s 25bps Rate Hike to 5.5% Ripples Into Home Loans
India’s central bank raised rates for the first time in four years, and lenders like PNB Housing Finance expect margin gains that could trickle into cheaper loans.
Trump-Putin Diesel Deal Pauses Sanctions, Boosts Supply
The US has authorized Russian diesel supplies worth millions of tons through April 2027, weeks after signing a law allowing 100% tariffs on Russian energy buyers.
US Consumer Mood Sinks as Mortgage Rates Hit 7.49%
Consumer sentiment falls for a third month, mortgage rates reach near three-year highs, and French bond yields spike as cracks widen across the global economy.
ON Semiconductor Stock Watch: Cramer Flags AI Demand and Revised Synaptics Deal
ON Semiconductor posted $1.60 billion in quarterly revenue and a $123-per-share revised Synaptics deal, prompting Jim Cramer to reconsider the chipmaker’s recovery case.
Oil Prices Dip as Trump Signals No Iran Strike, But Hormuz Attacks Continue
Brent crude falls to $103.53 after Trump cites productive Iran talks, even as new tanker strikes near the Strait of Hormuz keep energy markets on edge.
Tower Semiconductor Bets on AI Data Centers With New 6.4T Optical Chip Deal
Tower Semiconductor and NewPhotonics begin shipping AI-ready optical chips built for 800G-to-1.6T data centers, with 6.4T production targeted for 2027.