The Magnificent Seven Is Roaring Back, Fueled by Meta's Rally
Surging tech shares lifted the Nasdaq composite to a record close, and left AI safety fears in the dust.
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Oil Prices Fall for Fourth Day as Supply Concerns Ease
Improving flows through the Strait of Hormuz and prospects for renewed diplomacy over the Iran conflict eased immediate supply concerns.
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U.S. Stocks Rise, Nasdaq Hits Record, as Oil Slides, AI Bets Surge
Stocks rose as oil futures tumbled due to hopes of a resumption in U.S.-Iran negotiations, causing a relief rally that pushed high-risk technology stocks to record highs.
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Qatar Says It's Ready to Resume LNG Operations Within Weeks of Hormuz Reopening
Qatar, one of the world's top three LNG exporters before the Iran war, halted production earlier this year following attacks on its export hub and after the near-closure of the Hormuz strait.
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Trump Looks to Sideline Canadian Potash With Belarusian Supply Deal
President Trump is signaling a potential agreement to purchase lower-priced potash from Belarus, a move that could challenge Canadian exporters.
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U.S. Proposes $5 Billion to Kickstart Fund to Rebuild Gulf Energy Sites
The proposal is under discussion with several Middle Eastern countries including Saudi Arabia and U.A.E.
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Fed's Goolsbee Says Inflation Components Matter Just as Much as the Overall Pace
Goolsbee says he's watching both the details and the overall rate of inflation to guide monetary policy.
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Bank of Canada Grapples With Rate Policy Amid Competing Forces, Macklem Says
Central bank's rate policy will be guided by how firms and households respond to the combination of elevated energy prices and a return to heightened trade uncertainty, said Tiff Macklem.
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Canada to Enshrine Expedited Project Reviews With Legislation
The legislation also attempts to minimize labor disruptions in key trade-focused parts of the economy like railways and ports.
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Africa Digs Up Tons of Illicit Gold. A Fabled Refinery Wants to Make It Legit.
The century-old Rand Refinery, long the go-to destination for Africa's commercially mined gold, is trying to integrate often-problematic artisanal gold into its supply.
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AI Is the Real Drama of the Trump-Xi Talks as Bessent Signals Breakthrough
The economic stakes when it comes to AI remain especially high, but safety is becoming a key issue, too.
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Bitcoin Jumps Above $86,000 to 8-Month High
The flagship cryptocurrency continued its red-hot rebound, and was up over 30% since Aug. 19 and is holding firmly above the $80,000 level that had proved a stubborn cap in recent weeks.
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