US-Iran standoff over the Strait of Hormuz drags into a seventh month, keeping oil and markets on edge A months-long standoff between Washington and Tehran over shipping through the Strait of Hormuz remains unresolved, with oil prices and global markets moving on every twist in the talks. Full story → · 3 sources
Asian and Pacific markets rise as easing Middle East tensions and AI optimism lift Tokyo, Seoul, and Taipei Stocks across Japan, South Korea, Taiwan, and Australia were poised for gains Wednesday as falling oil prices and renewed enthusiasm for AI-linked semiconductor stocks offset lingering worries about US-Iran tensions. Full story → · 1 sources
Cost of living pressures persist across the UK, Spain, and Australia as households lean on credit Fresh data out of Britain, Spain, and Australia this week show households and central banks still grappling with high borrowing costs and inflation that has proven slow to come down. Full story → · 1 sources
Federal funding expires at midnight, putting Washington back on shutdown watch The federal fiscal year ends Wednesday, and unless Congress passes new funding legislation, large parts of the government are set to shut down starting Thursday, October 1. Full story → · 5 sources
Supreme Court allows swift third-country deportations to continue while litigation proceeds The Supreme Court has, for now, allowed the government to continue quickly deporting some immigrants to countries other than their own while related legal challenges play out. Full story → · 1 sources
Top AI companies sign White House safety pact as Trump resists new AI regulations Leaders of major American AI companies signed a written agreement with the White House on self-policing AI development, even as the administration continues to reject calls for formal AI regulation. Full story → · 2 sources
Treasury yields hit fresh multidecade highs as markets await today's inflation report following the Fed's rate hike Two weeks after the Federal Reserve raised interest rates for the first time since 2023, investors are bracing for Wednesday's PCE inflation report, the central bank's preferred inflation gauge, for clues on whether another hike is coming. Full story → · 4 sources
IPO market stays frozen as smart-ring maker Oura delays its stock offering Oura, the company behind the popular smart ring that tracks sleep and heart health, has pulled back its planned IPO, another sign that this year's public listing market has cooled sharply from last year's pace. Full story → · 1 sources