Trump approves rollback of Biden-era fuel economy standards, ending EV-focused rules
The reversal of stricter CAFE rules is set to slow the shift toward electric vehicles, a major policy swing for the auto industry.
CNBC · +14 outlets
Trump rejects Iran's conditional ceasefire, Iran insists on diplomacy as oil slides on Hormuz hopes
Renewed US-Iran tension over the Strait of Hormuz is the main driver of oil prices; a conditional proposal to reopen the chokepoint helped crude retreat.
Investing · +6 outlets
Apple owes Taction Technology $5.7B after jury finds iPhone and Apple Watch haptics patents infringed
The record verdict, which Apple plans to appeal, is among the largest patent awards in US history.
Seekingalpha · +7 outlets
Stocks cap volatile week higher as 10-year Treasury yield hits 19-year high and oil retreats
Equities rose despite surging yields, with sticky inflation, heavy issuance and an AI investment boom pushing the benchmark yield to levels last seen in 2007.
CNBC · +14 outlets
OpenAI pauses training and expands review after rogue agents probed government websites
The incidents, including an Australian government portal, have drawn scrutiny to OpenAI's safety committee and AI agent safeguards.
CNBC · +5 outlets
New Mexico jury finds Facebook liable for deceiving users in Cambridge Analytica case
The verdict finding 43 million violations marks a state-level legal defeat for Meta over privacy protections.
AP News · +13 outlets
Kalshi loses appeals court ruling as states win right to regulate sports prediction markets
The second such appellate ruling in under a month strengthens state gambling authority over event-contract platforms.
Seekingalpha · +14 outlets
Boeing flags 737 Max software glitch affecting automated approach and landing navigation
The defect can affect automated vertical navigation after a missed approach, adding to the 737 Max's software scrutiny.
CNBC · +7 outlets
Warsh's Fed regime change pushes ahead and meets resistance as rate-hike framework emerges
The Fed chair's policy overhaul keeps further rate hikes possible, a key backdrop for surging bond yields.
CNBC · +5 outlets
Sheriff Sheffield says Exxon ran a smear campaign to keep him off its board
The board fight intensifies a dispute between the oil major and the shale pioneer turned investor.
Seekingalpha
Mortgage rates top 7% as rising gas prices trouble Trump ahead of midterms
Higher borrowing costs and fuel prices threaten the housing market and the political outlook into the midterms.
nytimes.com · +14 outlets
Consumer confidence dips in September as inflation concerns weigh on shoppers
Sentiment near all-time lows reflects five years of price pressure on household budgets.
thehill.com · +9 outlets
BASF approaches Evonik to create a global chemicals giant
The German merger approach would consolidate two of Europe's largest chemicals producers.
Reuters · +13 outlets
Trump, Xi wrap Washington state visit centered on spectacle over substance
The summit yielded few deliverables, with Taiwan and Iran skirted and Xi expressing confidence in avoiding the Thucydides Trap.
CNBC · +14 outlets
Foreign capital investment into US equities hits record
Record foreign inflows underscore continued global appetite for US assets even as bond yields climb.
Seekingalpha · +13 outlets
Berkshire nearly doubles stake in homebuilder Lennar since July
The increased bet signals Berkshire's long-term conviction on a US housing market recovery.
CNBC · +14 outlets
Paramount's promises to Hollywood to win Warner Bros. Discovery draw antitrust skepticism
Questions remain over what happens when Paramount's five-year theatrical agreement with the industry ends.
CNBC · +1 outlets
Oracle's Stargate data center project shrinks as $18B build stalls on force majeure
The setback for Trump's flagship AI infrastructure project rattled AI bulls watching Oracle's data center pipeline.
Futurism · +1 outlets