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Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US markets rebound from lows to end higher amid inflation, Iran war worries LIVE BLOG US stocks rebound after three-day losing streak. Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: Wall Street ended higher on Wednesday, with all three major US stock indexes gaining as investors returned to beaten-down stocks after a three-day losing streak. Small-cap stocks outperformed, while airlines, miners and regional banks led sector gains. Persistent bond-market weakness and escalating US-Iran tensions kept investors cautious. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks recovered on Wednesday as investors looked for bargains after three straight sessions of losses. The S&P 500, Nasdaq and Dow all closed higher, while the Russell 2000 outperformed larger-cap indexes. Airlines, gold and silver miners and regional banks led gains, while software and services stocks lagged. A continued global bond selloff, rising energy prices and heightened US-Iran tensions limited the rebound. Investors also assessed weaker-than-expected private-sector hiring data and signs of softer corporate spending. Show more 1 New Update S&P 500 gained 35.35 points, or 0.46%, to end at 7,666.82 points, while the Nasdaq Composite gained 120.07 points, or 0.46%, to 26,219.85. The Dow Jones Industrial Average rose 299.37 points, or 0.56%, to 53,066.25. Read more Alphabet's autonomous vehicle unit Waymo is in final negotiations to secure more than $3 billion in its first-ever debt financing, according to a report from Bloomberg News. Working alongside Goldman Sachs, the robotaxi developer is targeting major institutional lenders including Pacific Investment Management Co., Blackstone, and Sixth Street Partners to raise unrated debt pricing at over 500 basis points above benchmark rates. The capital injection is intended to fund the expansion of Waymo's driverless fleet and absorb mounting artificial intelligence infrastructure costs as competition intensifies with rivals like Tesla and Amazon's Zoox. The debt raise follows a $16 billion funding round in February that valued the company at $126 billion. Global merger and acquisition activity alongside public offerings could set a new record in 2026 despite persistent economic uncertainty, according to Dorothee Blessing, co-head of global investment banking at JPMorgan Chase & Co. Following a 30% year-over-year surge to $2.6 trillion in global transaction volumes during the first half of the year, strategic corporate dealmaking remains focused on expansion, while private equity funds are selectively returning to M&A and IPO markets. Though market skeptics cite risks from geopolitical conflict in Iran, elevated energy costs, inflation, and trade policy, Blessing noted that corporate executives are actively pursuing strategic growth while navigating global complexity. U.S. Treasury yields eased from multi-year highs on Wednesday, with the benchmark 10-year yield dropping to 4.794% and snapping a five-session streak of gains following weaker-than-expected labor market data. Private payrolls grew by only 38,000 in August according to the ADP National Employment Report, falling short of the 48,000 forecast and highlighting a slowing labor market alongside rising inflation risks driven by volatile crude prices. Despite the softer employment figures, expectations for a Federal Reserve rate hike at its September meeting remained elevated at 64.2%, as volatile energy prices tied to the Middle East conflict continue to complicate the central bank's policy path ahead of Friday's official nonfarm payrolls report. Chevron shares were trading 0.51% higher at $212.13 on Wednesday, while the oil major said it will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the South American country. Read more Kalshi is preparing to take its push into financial markets a step further by seeking US regulatory approval for a perpetual futures contract tied to West Texas Intermediate crude oil, potentially opening the door to a new way of trading oil around the clock, Reuters reported on Wednesday. Read more Berkshire Hathaway is betting that the artificial intelligence boom will create opportunities well beyond technology stocks, with CEO Greg Abel pointing to the significant growth potential of data centers and energy business in the massive infrastructure buildout needed to power AI, a Reuters report said citing Abel's interaction with CNBC. Read more President Donald Trump stated on Wednesday that the renewed U.S. military campaign against Iran is expected to end quickly and will not drag on for an extended period. U.S. economic activity increased modestly, employment rose slightly, and prices grew at a moderate pace in recent weeks, according to the Federal Reserve's latest Beige Book report. Published ahead of the central bank's September 15–16 policy meeting, the report revealed positive overall sentiment tempered by growing uncertainty around rising energy costs, tariffs, and Middle East conflict. Input prices remained elevated across manufacturing and construction, while consumer price sensitivity limited firms' ability to pass along costs. With inflation hovering above target for over five years and financial markets pricing in a 65% probability of a rate hike, policymakers remain divided on whether to hold benchmark interest rates in the 3.50%–3.75% range or raise them. As global bond yields continue to soar to multi-year highs amid ballooning government debt, investors remember why market legend Warren Buffett once called long-term bonds “terrible” but heavily invested in short-term bonds years later. Read more The New York Stock Exchange utilized Anthropic's Project Glasswing to identify and repair security flaws in its systems, NYSE President Lynn Martin testified before the House Financial Services Committee on Wednesday. Project Glasswing grants select partners early access to Anthropic's Mythos artificial intelligence model to strengthen defense capabilities against potential cyber attacks. While Martin praised the technology's speed in addressing identified issues, she did not disclose specific details regarding the nature or timing of the vulnerabilities. Delivery Hero SE's board of directors voted to accept Uber Technologies Inc.'s takeover offer, recommending the €41.50 per-share price to shareholders ahead of a November 5 acceptance deadline. The transaction, valued at nearly $15 billion, builds on Uber's existing 25% stake and marks the latest major consolidation wave in the global food delivery sector following similar acquisitions by DoorDash and Prosus. Separately, Uber Chief Executive Officer Dara Khosrowshahi announced plans to cut roughly 10% of the company's global workforce to eliminate management layers and realign spending toward core strategic priorities. The Federal Reserve's Office of Inspector General warned that the central bank needs stronger safeguards to prevent nonpublic monetary policy information from reaching its 12 regional reserve bank boards. In a report released Wednesday, the watchdog highlighted post-meeting briefings where reserve bank presidents may have shared sensitive Federal Open Market Committee insights, such as projected inflation trends, with board members who are private-sector bankers and business leaders. The Inspector General urged clearer conflict-of-interest guidelines for incoming directors, raised concerns over commercial bank influence in selecting public-facing board members, and called for greater transparency in regional president search processes. In response, senior Fed officials defended the director briefings as essential conduits of non-confidential economic data, maintaining that staff are strictly prohibited from disclosing confidential policy information. Barrick Mining Corp. is considering delaying the initial public offering of its North American gold assets until next year, according to a person familiar with the matter. While Chief Executive Officer Mark Hill previously indicated the listing was on track for completion by the end of 2026, preparations with lead adviser Goldman Sachs Group Inc. and other banks remain ongoing and timing could still shift. The potential delay comes amidst pushback from some of Barrick's top shareholders against Chairman John Thornton's restructuring plan, alongside investor disappointment over a recent deal with Newmont Corp. that surrendered a stake in a Nevada project to secure support for the IPO. Alphabet's Google escaped a forced breakup of its advertising technology business on Wednesday after a federal judge in Virginia rejected the U.S. Department of Justice's bid to force the sale of its AdX online ad exchange. While Judge Leonie Brinkema had previously ruled in 2025 that Google held illegal monopolies over ad servers and exchanges, she opted for behavioral remedies instead of structural divestment, with a detailed ruling set to be released in 14 days following confidential redactions. Google welcomed the decision, while the DOJ stated it was evaluating its next steps. The ruling marks the third consecutive loss for U.S. antitrust enforcers attempting to break up Big Tech firms, following similar decisions that prevented forced asset sales for Meta and Google's Chrome browser, raising broader questions about judicial appetite for structural remedies in tech markets. London Metal Exchange copper dropped 0.4% to $14,218.50 a metric ton on Wednesday, leading most base metals lower as escalating military conflict between the U.S. and Iran pushed oil prices higher and stoked broader inflation concerns. The renewed geopolitical tensions, alongside expectations that the Federal Reserve could raise interest rates in September to counter persistent price pressures, weighed heavily on demand sentiment. Additional pressure came from modest inventory inflows into LME-registered warehouses for both copper and zinc, which helped ease recent supply tightness and narrow cash-to-three-month contract premiums across the metals market. Berkshire Hathaway CEO Greg Abel announced that the conglomerate sees substantial growth opportunities from the buildout of artificial intelligence data centers, which prompted an additional $10 billion investment in Google parent Alphabet. Speaking from Tokyo, Abel noted that AI expansion will significantly benefit Berkshire Hathaway Energy due to the massive electricity demands required for computing infrastructure. While expressing long-term optimism for recent investments, including homebuilder Taylor Morrison and major Japanese trading houses, Abel cautioned that U.S. consumers remain under pressure from persistent inflation and high mortgage rates, creating near-term turbulence in the housing market. US Commerce Secretary Howard Lutnick said AI company Anthropic is "back on the right side" with the Trump administration, according to Axios. His comments come days after a US judge sided with Anthropic in its dispute with the US military over restrictions on the use of its Claude AI models for domestic surveillance and autonomous weapons. Anthropic did not immediately respond to a Reuters request for comment. U.S. Treasury yields eased from multi-year highs on Wednesday, with the benchmark 10-year yield poised to snap a five-session streak of gains, as oil prices eased and investors gauged the latest round of economic data. Crude prices fell about 1%, retreating from more than one-month highs reached earlier in the session, after U.S. Energy Secretary Chris Wright said that more than 17 million barrels of oil flowed through the Strait of Hormuz on Monday. On the economic front, the ADP National Employment Report showed private employment rose by 38,000 jobs last month, below the 48,000 increase expected by economists polled by Reuters, after an upwardly revised 46,000 in July. Gold bounced from a near one-month low on Wednesday as the U.S. dollar and Treasury yields retreated from recent highs, while investors awaited U.S. payrolls data due later this week for cues on the Federal Reserve's policy path. Spot gold rose 1% to $4,373.01 an ounce by 12:05 p.m. EDT (1605 GMT), rebounding from its lowest level since August 7 hit earlier in the session. U.S. gold futures for December delivery rose 0.5% to $4,419.50 . British commercial banks are increasingly pledging higher-risk "Level C" collateral, including securities backed by vehicle leases, high-interest credit cards, and buy-to-let mortgages, to access Bank of England cash through its Indexed Long-Term Repo facility. Pledges of these riskier assets reached £1.9 billion in a single weekly auction on August 18, the highest level since March 2020, bringing total Level C collateral on the central bank's books to approximately £17.8 billion. The sharp increase reflects the unwinding of quantitative easing, which has prompted lenders to seek central bank liquidity using illiquid debt products. While former officials and analysts warn that accepting such assets could encourage risky lending, the Bank of England defended the facility, stating that its robust risk management, including higher interest charges and larger haircuts, protects it from potential credit losses. U.S. crude oil and gasoline inventories fell last week while distillate stocks rose, according to the U.S. Energy Information Administration. Commercial crude inventories dropped by 4.5 million barrels to 424.5 million barrels in the week ended August 28, significantly exceeding the 1.1 million-barrel draw expected by analysts. Gasoline stocks decreased by 1.2 million barrels, while distillate stockpiles rose by 800,000 barrels against expectations of a draw. Refinery crude runs increased as capacity utilization rose 0.6 percentage points to 98%. Oil prices showed little reaction to the data, with Brent crude hovering around $94.79 a barrel and WTI trading at $90.04. The Trump administration filed an amicus brief in Manhattan federal court supporting OpenAI against copyright infringement claims brought by The New York Times and other publishers over ChatGPT's training data. Marking the federal government's first formal intervention in AI copyright litigation, the brief argued that training large language models constitutes fair use because the technology is "extraordinarily" transformative. Federal attorneys stated that restricting AI training under copyright law would hinder U.S. economic prosperity, scientific progress, and national security interests, providing key backing to tech companies facing similar legal challenges from authors, news outlets, and music labels. European gasoline refining profit margins reached $62.07 a barrel on Wednesday, coming within cents of the all-time record of $62.10 set in June 2022. Driven higher by conflicts in the Middle East and Ukraine, global refined fuel supplies have tightened significantly due to targeted attacks on regional refineries. In Northwest Europe, supply constraints were further compounded by a dry summer that lowered water levels on the Rhine river, restricting barge transport into the key Amsterdam-Rotterdam-Antwerp trading hub. Jack Daniel's maker Brown-Forman missed first-quarter sales estimates and stuck to its annual targets on Wednesday, joining other spirits makers in warning of a challenging consumer environment in the U.S. and Europe. Read more Alphabet's Google avoided a forced breakup of its advertising technology business on Wednesday after a federal judge in Virginia rejected the U.S. Department of Justice's request to compel the sale of its AdX online ad exchange. While Judge Leonie Brinkema previously ruled in 2025 that Google held illegal monopolies over ad servers and exchanges, she declined the structural remedy, opting instead for behavioral solutions. The decision marks the third major defeat for U.S. antitrust enforcers seeking to break up Big Tech firms, following similar rulings that spared Meta's Instagram and WhatsApp and prevented the forced sale of Google's Chrome browser. Chevron has confirmed a plan to invest over $7 billion over the next five years to double its Venezuelan oil output to roughly 600,000 barrels per day after receiving additional acreage in the Orinoco Belt. The announcement aligns with President Donald Trump's initiative to open the country's vast oil reserves to U.S. business following the removal of Nicolás Maduro. However, analysts and legal experts warn that revitalizing Venezuela's severely degraded infrastructure will require vast capital over many years, while raising concerns that the deal lacks National Assembly approval and could face future legal challenges. Consequently, rival U.S. majors like ExxonMobil remain on the sidelines, viewing the market as too risky despite current efforts by the White House to encourage foreign energy investment. Federal Reserve Bank of New York President John Williams stated that rising long-term bond yields reflect a robust U.S. economy and large AI-driven tech investments rather than inflation fears. Speaking to CNBC, Williams noted that higher borrowing costs stem from economic strength and will not dictate central bank actions as the Fed remains focused on returning inflation to its 2% target. With investors expecting a potential rate hike at the September 15–16 FOMC meeting, Williams cautioned that monetary policy decisions will depend on incoming economic data and risk assessments, pointing to trade tariffs and Middle East conflicts as key drivers keeping current inflation above target. JPMorgan Private Bank’s Grace Peters cautioned that rising bond yields could trigger a 5% to 8% pullback in global stocks during September, though she views any potential dip as a healthy correction rather than a broader market breakdown. With 10-year Treasury yields approaching 5% and the 30-year yield hitting a 19-year high, elevated borrowing costs, lingering inflation fears from oil, and upcoming political events like November's U.S. midterms present near-term headwinds. While acknowledging that second-quarter corporate earnings growth will taper from recent highs, Peters remains positive on U.S. and emerging market equities long term. She highlighted financials, technology, and utilities as key sectors, noting utilities' vital role in providing power for expanding AI infrastructure. Broadcom Inc. is seeking to reverse a $520 billion market value decline when it reports fiscal third-quarter earnings on Wednesday evening. The stock has fallen 23% since reaching a record high in early June, largely triggered by a lower-than-expected forecast for its third-quarter AI semiconductor revenue. Following Nvidia's recent strong results, investors are looking for revised sales guidance, particularly regarding CEO Hock Tan's projection of more than $100 billion in AI chip sales by 2027. Wall Street expects an 85% revenue increase to $29.4 billion and earnings per share of $2.63. Key areas of focus for the call include details on Broadcom's $30 billion custom chip partnership with Apple, gross margin trends, customer concentration, and the performance of its infrastructure software unit. The Japanese yen rose sharply against the U.S. dollar on Wednesday, up 1% on the day to 158.56 per dollar. The sudden surge follows a period in which the currency had retraced about half of the gains made during a joint intervention by the U.S. and Japan in late July. It was not immediately clear what drove the sudden appreciation. Prior to the July intervention, the yen had hit a 40-year low of 163.98 before strengthening to 155.21 per dollar. Dell Technologies' shares rose nearly 11% following an increase in its annual revenue and profit forecasts, driven by high demand for AI-optimized servers. The company raised its full-year revenue projection to $192 billion and lifted its second-quarter revenue by 58% to a record $47 billion, topping Wall Street expectations. Supported by orders for server clusters featuring Nvidia chips, Dell reported a record $60 billion in orders alongside a $95 billion backlog. The strong performance buoyed rival AI hardware makers Super Micro Computer and Hewlett Packard Enterprise, whose shares also gained. Read more HSBC Holdings has set final price guidance for a planned Japanese yen-denominated Samurai bond sale, according to an updated term sheet seen on Wednesday. Read more US stocks are drifting on Wall Street amid the latest updates on the U.S. jobs market and further escalation in the U.S. war with Iran. Read more Chevron announced a $7 billion plan to more than double its Venezuelan crude production to roughly 600,000 barrels per day over the next five years. The expansion follows energy reform in the country and expands Chevron's existing joint ventures with state oil firm PDVSA, adding new acreage in the Orinoco Belt under improved fiscal and commercial terms. Chevron's current production in the region stands around 290,000 barrels per day, all exported to the U.S. The move aligns with broader efforts to rebuild Venezuela's oil sector following recent political shifts and a push from Washington for U.S. energy investment, with other global firms like Eni and ONGC also expected to finalize agreements this week. Uber Technologies plans to eliminate 3,300 jobs, representing roughly 10% of its global workforce, as part of a broader corporate restructuring. The cuts specifically focus on streamlining leadership, reducing the total number of managers across the company by 20%. Shares of the ride-hailing company rose 2% following the announcement. Chevron, ENI, KEO Capital, and Primavera are expected to sign major energy contracts in Venezuela as part of the country's recent oil sector reforms. The updated terms support expanding joint ventures with state oil firm PDVSA, including a planned investment of over $7 billion by Chevron to more than double its local output to 600,000 barrels per day over five years. KEO Capital is taking over operations at the Petrourdaneta project backed by a $350 million credit line, while ENI aims to broaden its footprint into the Orinoco Belt. Venezuelan Oil Minister Paula Henao and U.S. Secretary of Energy Chris Wright are slated to oversee the contract signings in Caracas. Energy stocks were among the few gainers as Brent crude prices moved higher, with Chevron and Valero Energy each edging up 0.4%. Investors are also looking ahead to Friday’s jobs report, which could provide fresh clues on the strength of the U.S. economy and the Federal Reserve’s policy path. Recent inflation data has delivered mixed signals, leaving markets sensitive to any evidence that renewed oil price pressure could alter expectations for interest rates. The data may also influence sentiment after a period of heightened uncertainty around growth and monetary policy. Dell shares jumped 8.5% in premarket trading after the company raised its annual revenue and profit forecasts. Hewlett Packard Enterprise gained 4.5% as Dell’s upbeat outlook boosted sentiment around spending on AI infrastructure. Meanwhile, the Magnificent Seven stocks edged lower, with Nvidia down 0.3% and Microsoft falling 0.8%. Alphabet and Tesla also slipped marginally. The contrasting moves highlight how company-specific earnings expectations are providing some support even as broader markets remain under pressure from macroeconomic and geopolitical concerns. Equities also faced pressure from higher U.S. Treasury yields, which make risk-free assets more attractive relative to stocks. Investors are navigating seasonal weakness as well, with September historically the weakest month for the S&P 500. Since 1926, the index has recorded an average September loss of 0.7%, according to data cited by Fisher Investments. The combination of elevated yields, geopolitical risks and inflation concerns is weighing on risk appetite, particularly as markets reassess the potential path of monetary policy in the months ahead. Renewed tensions in the Middle East are raising concerns over the direction of inflation and interest rates. Traders have increased bets on a September Federal Reserve rate hike, with markets pricing in a 68% chance, up from about 37% a week earlier. Higher oil prices could lift costs for consumers and businesses, while weaker growth could leave policymakers facing a difficult balance between controlling inflation and supporting the economy. Investors are closely watching whether the latest geopolitical escalation translates into a sustained increase in energy prices. Wall Street futures slipped on Wednesday as rising oil prices and Treasury yields pressured equities amid renewed U.S.-Iran tensions. Dow futures fell 0.15%, S&P 500 futures declined 0.25% and Nasdaq 100 futures dropped 0.52%. The latest strikes have pushed geopolitical risks back into focus, reviving concerns that higher energy costs could fuel inflation and complicate the Federal Reserve’s interest-rate outlook. Investors are also becoming more cautious as September has historically been a weak month for U.S. stocks.
Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US markets rebound from lows to end higher amid inflation, Iran war worries LIVE BLOG US stocks rebound after three-day losing streak. Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: Wall Street ended higher on Wednesday, with all three major US stock indexes gaining as investors returned to beaten-down stocks after a three-day losing streak. Small-cap stocks outperformed, while airlines, miners and regional banks led sector gains. Persistent bond-market weakness and escalating US-Iran tensions kept investors cautious. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks recovered on Wednesday as investors looked for bargains after three straight sessions of losses. The S&P 500, Nasdaq and Dow all closed higher, while the Russell 2000 outperformed larger-cap indexes. Airlines, gold and silver miners and regional banks led gains, while software and services stocks lagged. A continued global bond selloff, rising energy prices and heightened US-Iran tensions limited the rebound. Investors also assessed weaker-than-expected private-sector hiring data and signs of softer corporate spending. Show more 1 New Update S&P 500 gained 35.35 points, or 0.46%, to end at 7,666.82 points, while the Nasdaq Composite gained 120.07 points, or 0.46%, to 26,219.85. The Dow Jones Industrial Average rose 299.37 points, or 0.56%, to 53,066.25. Read more Alphabet's autonomous vehicle unit Waymo is in final negotiations to secure more than $3 billion in its first-ever debt financing, according to a report from Bloomberg News. Working alongside Goldman Sachs, the robotaxi developer is targeting major institutional lenders including Pacific Investment Management Co., Blackstone, and Sixth Street Partners to raise unrated debt pricing at over 500 basis points above benchmark rates. The capital injection is intended to fund the expansion of Waymo's driverless fleet and absorb mounting artificial intelligence infrastructure costs as competition intensifies with rivals like Tesla and Amazon's Zoox. The debt raise follows a $16 billion funding round in February that valued the company at $126 billion. Global merger and acquisition activity alongside public offerings could set a new record in 2026 despite persistent economic uncertainty, according to Dorothee Blessing, co-head of global investment banking at JPMorgan Chase & Co. Following a 30% year-over-year surge to $2.6 trillion in global transaction volumes during the first half of the year, strategic corporate dealmaking remains focused on expansion, while private equity funds are selectively returning to M&A and IPO markets. Though market skeptics cite risks from geopolitical conflict in Iran, elevated energy costs, inflation, and trade policy, Blessing noted that corporate executives are actively pursuing strategic growth while navigating global complexity. U.S. Treasury yields eased from multi-year highs on Wednesday, with the benchmark 10-year yield dropping to 4.794% and snapping a five-session streak of gains following weaker-than-expected labor market data. Private payrolls grew by only 38,000 in August according to the ADP National Employment Report, falling short of the 48,000 forecast and highlighting a slowing labor market alongside rising inflation risks driven by volatile crude prices. Despite the softer employment figures, expectations for a Federal Reserve rate hike at its September meeting remained elevated at 64.2%, as volatile energy prices tied to the Middle East conflict continue to complicate the central bank's policy path ahead of Friday's official nonfarm payrolls report. Chevron shares were trading 0.51% higher at $212.13 on Wednesday, while the oil major said it will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the South American country. Read more Kalshi is preparing to take its push into financial markets a step further by seeking US regulatory approval for a perpetual futures contract tied to West Texas Intermediate crude oil, potentially opening the door to a new way of trading oil around the clock, Reuters reported on Wednesday. Read more Berkshire Hathaway is betting that the artificial intelligence boom will create opportunities well beyond technology stocks, with CEO Greg Abel pointing to the significant growth potential of data centers and energy business in the massive infrastructure buildout needed to power AI, a Reuters report said citing Abel's interaction with CNBC. Read more President Donald Trump stated on Wednesday that the renewed U.S. military campaign against Iran is expected to end quickly and will not drag on for an extended period. U.S. economic activity increased modestly, employment rose slightly, and prices grew at a moderate pace in recent weeks, according to the Federal Reserve's latest Beige Book report. Published ahead of the central bank's September 15–16 policy meeting, the report revealed positive overall sentiment tempered by growing uncertainty around rising energy costs, tariffs, and Middle East conflict. Input prices remained elevated across manufacturing and construction, while consumer price sensitivity limited firms' ability to pass along costs. With inflation hovering above target for over five years and financial markets pricing in a 65% probability of a rate hike, policymakers remain divided on whether to hold benchmark interest rates in the 3.50%–3.75% range or raise them. As global bond yields continue to soar to multi-year highs amid ballooning government debt, investors remember why market legend Warren Buffett once called long-term bonds “terrible” but heavily invested in short-term bonds years later. Read more The New York Stock Exchange utilized Anthropic's Project Glasswing to identify and repair security flaws in its systems, NYSE President Lynn Martin testified before the House Financial Services Committee on Wednesday. Project Glasswing grants select partners early access to Anthropic's Mythos artificial intelligence model to strengthen defense capabilities against potential cyber attacks. While Martin praised the technology's speed in addressing identified issues, she did not disclose specific details regarding the nature or timing of the vulnerabilities. Delivery Hero SE's board of directors voted to accept Uber Technologies Inc.'s takeover offer, recommending the €41.50 per-share price to shareholders ahead of a November 5 acceptance deadline. The transaction, valued at nearly $15 billion, builds on Uber's existing 25% stake and marks the latest major consolidation wave in the global food delivery sector following similar acquisitions by DoorDash and Prosus. Separately, Uber Chief Executive Officer Dara Khosrowshahi announced plans to cut roughly 10% of the company's global workforce to eliminate management layers and realign spending toward core strategic priorities. The Federal Reserve's Office of Inspector General warned that the central bank needs stronger safeguards to prevent nonpublic monetary policy information from reaching its 12 regional reserve bank boards. In a report released Wednesday, the watchdog highlighted post-meeting briefings where reserve bank presidents may have shared sensitive Federal Open Market Committee insights, such as projected inflation trends, with board members who are private-sector bankers and business leaders. The Inspector General urged clearer conflict-of-interest guidelines for incoming directors, raised concerns over commercial bank influence in selecting public-facing board members, and called for greater transparency in regional president search processes. In response, senior Fed officials defended the director briefings as essential conduits of non-confidential economic data, maintaining that staff are strictly prohibited from disclosing confidential policy information. Barrick Mining Corp. is considering delaying the initial public offering of its North American gold assets until next year, according to a person familiar with the matter. While Chief Executive Officer Mark Hill previously indicated the listing was on track for completion by the end of 2026, preparations with lead adviser Goldman Sachs Group Inc. and other banks remain ongoing and timing could still shift. The potential delay comes amidst pushback from some of Barrick's top shareholders against Chairman John Thornton's restructuring plan, alongside investor disappointment over a recent deal with Newmont Corp. that surrendered a stake in a Nevada project to secure support for the IPO. Alphabet's Google escaped a forced breakup of its advertising technology business on Wednesday after a federal judge in Virginia rejected the U.S. Department of Justice's bid to force the sale of its AdX online ad exchange. While Judge Leonie Brinkema had previously ruled in 2025 that Google held illegal monopolies over ad servers and exchanges, she opted for behavioral remedies instead of structural divestment, with a detailed ruling set to be released in 14 days following confidential redactions. Google welcomed the decision, while the DOJ stated it was evaluating its next steps. The ruling marks the third consecutive loss for U.S. antitrust enforcers attempting to break up Big Tech firms, following similar decisions that prevented forced asset sales for Meta and Google's Chrome browser, raising broader questions about judicial appetite for structural remedies in tech markets. London Metal Exchange copper dropped 0.4% to $14,218.50 a metric ton on Wednesday, leading most base metals lower as escalating military conflict between the U.S. and Iran pushed oil prices higher and stoked broader inflation concerns. The renewed geopolitical tensions, alongside expectations that the Federal Reserve could raise interest rates in September to counter persistent price pressures, weighed heavily on demand sentiment. Additional pressure came from modest inventory inflows into LME-registered warehouses for both copper and zinc, which helped ease recent supply tightness and narrow cash-to-three-month contract premiums across the metals market. Berkshire Hathaway CEO Greg Abel announced that the conglomerate sees substantial growth opportunities from the buildout of artificial intelligence data centers, which prompted an additional $10 billion investment in Google parent Alphabet. Speaking from Tokyo, Abel noted that AI expansion will significantly benefit Berkshire Hathaway Energy due to the massive electricity demands required for computing infrastructure. While expressing long-term optimism for recent investments, including homebuilder Taylor Morrison and major Japanese trading houses, Abel cautioned that U.S. consumers remain under pressure from persistent inflation and high mortgage rates, creating near-term turbulence in the housing market. US Commerce Secretary Howard Lutnick said AI company Anthropic is "back on the right side" with the Trump administration, according to Axios. His comments come days after a US judge sided with Anthropic in its dispute with the US military over restrictions on the use of its Claude AI models for domestic surveillance and autonomous weapons. Anthropic did not immediately respond to a Reuters request for comment. U.S. Treasury yields eased from multi-year highs on Wednesday, with the benchmark 10-year yield poised to snap a five-session streak of gains, as oil prices eased and investors gauged the latest round of economic data. Crude prices fell about 1%, retreating from more than one-month highs reached earlier in the session, after U.S. Energy Secretary Chris Wright said that more than 17 million barrels of oil flowed through the Strait of Hormuz on Monday. On the economic front, the ADP National Employment Report showed private employment rose by 38,000 jobs last month, below the 48,000 increase e
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