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Houthis Strike Riyadh With Missiles and Drones as U.S. Urges Americans to Rethink Middle East Travel
The first strike on the Saudi capital since the July escalation brought flames near King Khalid airport, an intercepted ballistic missile and air-raid alerts — with Brent above $100 and Washington warning of rapid escalation.
Ohio Jobless Rate Hits Record-Low 3.3% as D.C. Payrolls Fall 3.6%
BLS series data show Ohio's seasonally adjusted unemployment rate fell to 3.3% in August, the lowest in series history. D.C. nonfarm payrolls were down 3.6% from a year earlier.
FDA Approves Lilly's Inluriyo-Verzenio Combo for ESR1-Mutated Breast Cancer
The September 18 approval pairs Lilly's imlunestrant with abemaciclib for ER-positive, HER2-negative, ESR1-mutated advanced breast cancer after endocrine therapy — median progression-free survival 11.1 months in the trial subgroup.
Aramco Tells Europe Its October Crude Allocation Is Zero
Saudi Arabia's Gulf export workaround ships 60 million barrels east — to China, Korea, India and Japan — while European term buyers get nothing. Physical Dated Brent topped $130.
Volkswagen Cuts Its 2026 Margin Target to 1% After a 10-Billion-Euro Porsche-Led Hit
Europe's biggest automaker flags about 10 billion euros in one-off charges, including a 6-billion-euro Porsche goodwill writedown, as China collapses, EVs squeeze margins and tariffs bite. Shares fell as much as 7.5%.
Progressive August combined ratio rises to 89.3 as net income falls
Written premiums still grew 6% in the month, but underwriting and earnings both softened versus August 2025.
Warren Buffett, 96, Steps Down as Berkshire Chairman; Howard Buffett Succeeds Him
Buffett becomes chairman emeritus effective immediately, ending a chairmanship that began in 1970. The move completes Berkshire's long-planned succession: Greg Abel runs the $1 trillion company, son Howard takes the board chair, and Susan Decker stays lead independent director.
FCC Clears Gulf Money for the Paramount-Warner Deal — But Not a Single Vote
The regulator approved foreign ownership above the 25% benchmark for the $110 billion merger — investors get 49.5% of non-voting equity, 38.5% held by Saudi, Emirati and Qatari funds, with no say over content, management or user data.
Aon issues $13.5 billion of multi-tranche senior notes
The 2046 and 2056 notes both pay 6.450%, but the 101% special redemption applies only to the 2046 notes and the five shorter series.
PBF issues $550 million of 0% exchangeable notes due 2032 after buyers take the full option
Net proceeds are about $533.6 million. The notes can exchange into PBF Energy common stock, and the company plans to redeem its 7.875% notes due 2030.
Rexford closes a 22-property industrial sale to an EQT affiliate for about $1.2 billion
The September 16 closing follows an August 13 contract priced at $1,179,150,000 before credits. Item 2.01 does not state the cash that actually changed hands.
CoreWeave intends a $3.0 billion convertible notes sale and an ATM for up to 35 million shares
The notes are an intention, not a priced deal. The same September 17 report signs an equity distribution agreement that can sell up to 35 million Class A shares.
Crusoe Raises $3.9 Billion at a $30.9 Billion Valuation to Build AI Factories
The Denver neocloud tripled its valuation in ten months on the AI capacity land grab — and the new money is going from OpenAI’s Abilene supercomputer to truck-sized modular data centers.
Orion180 Prices $240 Million IPO Below Range as Insurer Listings Pile Up
The homeowners insurer sold 20 million shares at $12 — below its $15–$17 target — and starts trading on Nasdaq Friday under ticker OIG.
Bank of Japan raises rates to a 31-year high of 1.25% in a 7-2 vote
The widely expected hike — from 1.0%, three months after the last move — lands with two dissents and a dovish-tilted statement. The yen slipped as traders priced quarterly hikes the BOJ hasn't promised.
Lennar's Profit Got Cut in Half. The Fed Isn't Helping.
The homebuilder earned $1.19 a share in the third quarter, down from $2.29 a year ago — and it cut its full-year delivery target the same week the Fed started hiking again.
Trump threatens ‘very heavy’ EU tariffs over Canada’s proposed associate-member status
Von der Leyen floated making Canada the EU’s first ‘associate member’ — a status that exists nowhere in EU law. Trump called it ‘laughable’ and threatened ‘very heavy’ tariffs if the intent is hostile; Carney: Canada picks its own partners.
The FTC Just Made Fertitta's Caesars Bet Harder
Caesars and Fertitta received a federal second request on the $17.6 billion take-private — and Icahn's directors walked out of the boardroom the same day.
Generac Lands Amazon: A $2.4 Billion Bet on the AI Power Buildout
The generator maker signed a long-term deal to back up Amazon's data centers — and Wall Street repriced the stock overnight.
SEC Opens the Door to Tokenized Stocks — With Strings Attached
The regulator's five-year "Innovation Exemption" lets blockchain versions of stocks trade onchain, but issuers get a veto and synthetic products are out.
House passes Graham sanctions bill 262–159 — tariff powers on Russian energy buyers head to Trump's desk intact
The Graham Russia-Iran sanctions act would authorize duties up to 100% on the biggest buyers of Russian oil and gas — China and India top the list — after Johnson rebuffed a GOP push to strip the tariff power over midterm price fears.
US Retail Sales Jump 1.2% in August, Smashing Forecasts on Stronger Demand
Advance sales hit $773.9B vs. the 0.8% consensus gain. The core control group surged 1.4% — the cleanest demand read — though higher pump prices did part of the work. Released Wednesday morning, hours before the Fed's rate decision.
Fed hikes to 4% — then Warsh spends the press conference talking markets into pricing another one
The quarter-point move was priced at 93%. The projections were not: the median dot now sees another hike this year, no cuts in 2027, and the new chair used his press conference to explain that inflation — not growth — is running policy.
UK inflation climbs to 3.1% on fuel surge, a day before the Bank of England decides
August CPI rose to a five-month high of 3.1%, in line with forecasts, as petrol and diesel prices surged. But core inflation held at 2.6% and services at 3.4% — the split the Bank of England must weigh when it sets rates on Thursday.
Waystar climbs more than 8% as Reuters reports early sale exploration two years after IPO
Seven anonymous sources tell Reuters the healthcare payments software company hired Evercore and is at an early stage; the stock jumped as Reuters cautioned plans could still change or fall apart.