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Pomegra Newswire - Page 29 of 108

Market News

Daily market coverage from the PomiNews desk - every story with sentiment, impact, and key takeaways

Articles - Page 29

SoftBank 13% Crash Triggers Asian AI Stocks Rout
Technology
SEISMIC
Sep 147 min read

SoftBank 13% Crash Triggers Asian AI Stocks Rout

SoftBank dropped 13% in Tokyo as OpenAI's shelved 2026 IPO and AI safety alarm hit its $100 billion financing stack, spreading contagion to Asian chip stocks from Seoul to Taipei.

Houthis Take Mokha, Flanking Saudi Oil at Two Chokepoints
Markets
SEISMIC
Sep 145 min read

Houthis Take Mokha, Flanking Saudi Oil at Two Chokepoints

Houthi forces seized Mokha port and Perim Island this week, locking down Bab el-Mandeb and cutting off Saudi Arabia's last viable crude export route.

Goldman: AI Safety Pivot Risks 20% Stock Correction
Technology
SEISMIC
Sep 146 min read

Goldman: AI Safety Pivot Risks 20% Stock Correction

Goldman Sachs warns an AI safety-driven pullback in Big Tech data center spending could erase 20% of S&P 500 valuations and collapse 2026's earnings thesis.

China's 2026 Rate Decision Hangs in the Balance
Economy
MAJOR
Sep 146 min read

China's 2026 Rate Decision Hangs in the Balance

Beijing faces its most critical monetary policy choice in years as consumer spending stalls and markets await an imminent reserve-requirement or rate cut.

Saudi Arabia East-West Pipeline Shut by Iraqi Drones
Geopolitics
SEISMIC
Sep 147 min read

Saudi Arabia East-West Pipeline Shut by Iraqi Drones

Iraqi drone strikes shut Saudi Arabia's East-West crude pipeline, removing 5 million bpd of Hormuz bypass routing and pushing crude oil prices sharply higher across global markets.

OpenAI Drops 2026 IPO as Anthropic Eyes $2T Debut
Technology
SEISMIC
Sep 145 min read

OpenAI Drops 2026 IPO as Anthropic Eyes $2T Debut

Sam Altman shelved OpenAI's public listing citing AI safety, while rival Anthropic targets an October Nasdaq debut at a record $2 trillion valuation led by Goldman Sachs and JPMorgan.

10-Year Treasury Yield Nears 5% on PPI, Iran War
Economy
SEISMIC
Sep 147 min read

10-Year Treasury Yield Nears 5% on PPI, Iran War

A global bond rout fueled by record energy costs and above-consensus wholesale inflation is pushing the 10-year US Treasury yield to the edge of 5%, its sharpest tightening episode since 2023 with…

AI Stocks Slide as Top CEOs Call for Pause
Technology
SEISMIC
Sep 145 min read

AI Stocks Slide as Top CEOs Call for Pause

Sam Altman, Elon Musk, and Dario Amodei jointly called for a deliberate AI slowdown on safety grounds, sending Nasdaq 100 futures down 1.2% and hammering chipmakers overnight.

Gold, Bitcoin Rally as Core CPI Runs Hot
Economy
MAJOR
Sep 147 min read

Gold, Bitcoin Rally as Core CPI Runs Hot

Gold climbed 1.6% to $4,385 per ounce and Bitcoin gained 3% after August core inflation beat forecasts, driving Fed rate-hike odds to 90% ahead of the September FOMC meeting.

Qualcomm Lands $10B Amazon AI Chip Deal
Technology
SEISMIC
Sep 145 min read

Qualcomm Lands $10B Amazon AI Chip Deal

Qualcomm secures a $10 billion AI data center chip contract with AWS, receiving stock warrants worth ~$1 billion as QCOM shares surge nearly 9% in a direct challenge to Nvidia.

Dow Industrials Lose 628 Points on Iran War, Oil Surge
Markets
MAJOR
Sep 136 min read

Dow Industrials Lose 628 Points on Iran War, Oil Surge

Dow lost 628 points last week as US-Iran military exchanges drove oil above $100, pushed Treasury yields to 4.97%, and lifted Fed rate-hike odds to 91% ahead of the September 15-16 FOMC meeting.

Strait of Hormuz Threat Pushes Oil Toward $80
Geopolitics
SEISMIC
Sep 137 min read

Strait of Hormuz Threat Pushes Oil Toward $80

Persian Gulf tensions push crude oil price toward $80 a barrel, with a Strait of Hormuz disruption poised to reignite global inflation as the Federal Reserve holds interest rates near two-decade…

Oil Tops $100 as U.S.-Iran Military Strikes Escalate
Markets
SEISMIC
Sep 137 min read

Oil Tops $100 as U.S.-Iran Military Strikes Escalate

Oil topped $100 per barrel as direct U.S.-Iran military exchanges and coordinated Houthi strikes on Saudi Aramco facilities pushed average U.S. pump prices to $4.22 per gallon, the highest since May.

Fed Set for Rate Hike as August CPI Runs Hot
Markets
MAJOR
Sep 135 min read

Fed Set for Rate Hike as August CPI Runs Hot

The Federal Reserve is near-certain to raise interest rates Wednesday after August CPI surged 0.4%, with markets pricing a 90% probability of a hike ahead of the FOMC decision.

Mike Wilson Warns S&P 500 Correction Near
Markets
NOTABLE
Sep 127 min read

Mike Wilson Warns S&P 500 Correction Near

Morgan Stanley's Mike Wilson warns of an S&P 500 correction after four straight losing sessions pushed the VIX to its highest level since early August, urging selective rotation rather than broad…

S&P 500 Ends Four-Day Losing Streak in Relief Rally
Markets
MAJOR
Sep 127 min read

S&P 500 Ends Four-Day Losing Streak in Relief Rally

The S&P 500 advanced 0.9% Friday, snapping a four-session slide as Treasury yields briefly retreated from the 5% threshold following an August CPI print that matched consensus forecasts.

Adobe Q3 Beat Overshadowed by Guidance Miss, CEO Exit
Business & Earnings
NOTABLE
Sep 125 min read

Adobe Q3 Beat Overshadowed by Guidance Miss, CEO Exit

Adobe Q3 2026: $6.76B revenue and $6.13 non-GAAP EPS topped estimates, but a narrow Q4 guidance miss and CEO succession announcement sent ADBE shares down roughly 2.7%.

VLO Leads Refiners to 52-Week Highs as Iran Crack Surges
Markets
MAJOR
Sep 127 min read

VLO Leads Refiners to 52-Week Highs as Iran Crack Surges

Valero (VLO), Marathon Petroleum, and Phillips 66 hit simultaneous 52-week highs as the Iran war drives crack spreads to $64/barrel, a multi-year peak.

STX, SNDK Slide on Profit-Taking After Triple-Digit 2026 Runs
Markets
NOTABLE
Sep 127 min read

STX, SNDK Slide on Profit-Taking After Triple-Digit 2026 Runs

Seagate Technology and SanDisk pulled back sharply on Friday despite no new bearish catalyst, as investors rotated profits from two of 2026's most explosive ai stocks into the broader market rally.

30-Year Mortgage Rate Tops 7%, Lennar Slides
Markets
MAJOR
Sep 124 min read

30-Year Mortgage Rate Tops 7%, Lennar Slides

The 30-year fixed mortgage rate crossed 7.07% Thursday for the first time since May 2025, hammering homebuilder stocks and pushing Lennar shares 3.5% lower amid deepening affordability concerns.

Caterpillar Tops the Dow Industrials Average on AI Pivot
Markets
MAJOR
Sep 117 min read

Caterpillar Tops the Dow Industrials Average on AI Pivot

Caterpillar surged 2% Friday, topping the Dow Jones industrials average as Wall Street reclassified CAT as a data center stock on a 72% AI power demand surge.

NuScale SMR: UBS Issues Punishing Sell Downgrade
Technology
MAJOR
Sep 115 min read

NuScale SMR: UBS Issues Punishing Sell Downgrade

UBS slashes NuScale Power's target to $6 from $10, flagging a 5-year-plus build timeline and zero firm customer commitments as sector peers advance toward construction.

Cisco Surges on Quantum Network Deal With Infleqtion
Markets
NOTABLE
Sep 116 min read

Cisco Surges on Quantum Network Deal With Infleqtion

Cisco Systems led all Dow Jones components with a 3.4% Friday advance after partnering with quantum startup Infleqtion on distributed neutral-atom networking, extending an already dominant…

Apple's $1,999 iPhone Duo Enters Foldable Market
Technology
SEISMIC
Sep 115 min read

Apple's $1,999 iPhone Duo Enters Foldable Market

Apple's $1,999 iPhone Duo, the company's first foldable smartphone, arrives with a 2nm A20 Pro chip and 7.6-inch open display; preorders open October 16, making it fall 2026's defining consumer…

Copart Acquires ACV Auctions in $1.9B Cash Deal
Business & Earnings
MAJOR
Sep 115 min read

Copart Acquires ACV Auctions in $1.9B Cash Deal

Copart agreed to buy ACV Auctions at $10.50 per share, a 45% premium, combining salvage auction dominance with dealer wholesale to create the US vehicle remarketing leader.

GameStop GME Posts Record Q2 Income as Cohen Buys
Business & Earnings
NOTABLE
Sep 115 min read

GameStop GME Posts Record Q2 Income as Cohen Buys

GameStop (GME) shares climbed 4% after CEO Ryan Cohen filed a Form 4 disclosing a personal purchase of 1 million shares and the company reported a $60.2 million Q2 operating income - the highest…

HPE, Dell Each Jump 11% on Oracle's $95B AI Capex Pledge
Markets
MAJOR
Sep 115 min read

HPE, Dell Each Jump 11% on Oracle's $95B AI Capex Pledge

Oracle's $90-95B capex guidance reconfirmed a sustained hyperscaler build-out, driving HPE and Dell to their biggest single-session gains of 2026.

Oracle FY2027 Q1: Record $64B AI Backlog
Technology
SEISMIC
Sep 116 min read

Oracle FY2027 Q1: Record $64B AI Backlog

Oracle Q1 FY2027 revenue climbed 30% to $9.3 billion as a record $64 billion AI backlog and $90-95 billion full-year CapEx guidance confirmed durable, structural cloud infrastructure demand.

Energy Leads S&P 500 in 2026 as WTI Tops $104
Markets
MAJOR
Sep 116 min read

Energy Leads S&P 500 in 2026 as WTI Tops $104

With WTI crude oil above $104 and Brent near $108, the energy sector's 43% year-to-date advance makes it the sole S&P 500 sector holding positive ground this week amid broad market pressure.

Gold Steadies Near $4,350 Ahead of CPI Data
Economy
MAJOR
Sep 116 min read

Gold Steadies Near $4,350 Ahead of CPI Data

Spot gold holds near $4,348 as rising interest rates and a firmer dollar offset persistent Middle East safe-haven demand, with a pivotal inflation print due September 11 likely to determine…

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