AI Stock Rally Loses Steam, Oil Prices Turn Negative

Nasdaq futures were flat after a global rally in AI-linked stocks stalled in European trade, and oil prices reversed course to fall on rising hopes for a diplomatic settlement to reopen Hormuz.

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Brent Falls Below $100 a Barrel on U.S.-Iran Diplomacy Hopes

Oil reversed initial gains after reports that Iran offered to reopen the Hormuz Strait within seven days if the U.S. takes steps toward easing military pressure.

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Looking for Real-Estate Bargains? Watch These Apartment Loans

One pool of multifamily apartment mortgages issued in 2021 is already 53% delinquent.

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In Trump, Xi Sees 'Rare Window' to Convince Taiwan That Resistance Is Futile

Beijing is courting Taiwan's opposition-and quietly helped stage its leader's landmark visit to the mainland-to pull the island into its orbit.

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U.K. Government Borrowing Rose in August as Budget Looms

The government borrowed more in August than a year earlier, a setback for its plans to reduce its deficit as it prepares to outline a new budget next month.

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Saudi Arabia Spent Months Trying to Bypass Hormuz. Now There's No Way Around It.

With its Red Sea bypass route disrupted by attacks from Yemen and Iraq, the world's oil kingpin is returning to the waterway it was trying to avoid in the first place.

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Iran's President Gets Rare Opportunity to Make His Case to the World

Masoud Pezeshkian is expected to speak at the United Nations on Wednesday, giving him a platform to rail against the U.S. and try to sway the world to Iran's side.

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Trump to Address World Leaders. What It Means for Oil Prices.

Wars and the oil market will likely be on the president's agenda in meetings with world leaders following the speech.

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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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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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Junk-Bond Market Gets AI Jolt from SoftBank

SoftBank Group is issuing over $11 billion in junk-rated bonds.

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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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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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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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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.