Market News
Breaking market news and updates
Bessent Says US Will Sanction Unnamed 'Large Bank' on Monday, Sept 14, as Iran Pressure Campaign Escalates
Treasury Secretary Scott Bessent says the US will sanction an unnamed large bank on Sept 14 as part of its Iran pressure campaign, after earlier actions against the Dubai branches of Egypt's second-largest bank and a Turkish bank.
Stock Market Today: Technology Leads While S&P 500 Advances
Technology led the session while the S&P 500 advances. See the validated market scorecard, sector performance, and what traders are watching next.
Saudi Arabia Shuts East-West Crude Pipeline After Attacks Near Riyadh and Madinah
Saudi Arabia's Energy Ministry said it shut the East-West crude pipeline after attacks in the Riyadh and Madinah regions, CNBC reported, with Oilprice.com via Yahoo Finance detailing capacity and export risks.
Vertiv Agrees to Buy Microgrid Specialist UtilityInnovation Group in Deal Worth Up to $2.6 Billion
Vertiv said it agreed to acquire microgrid specialist UtilityInnovation Group for about $1.45 billion in cash at closing, with an earnout of up to $1.15 billion that could lift total consideration to roughly $2.6 billion, extending Vertiv upstream to onsite power and grid interconnection for AI data centers.
Kroger Cuts FY2026 Identical-Sales Outlook to 0.2%-0.8% After Q2 EPS Rises to $1.05, Holds Adjusted EPS Guidance
Kroger's Q2 fiscal 2026 EPS rose to $1.05 from $0.91 as the company lowered full-year identical-sales guidance to 0.2%-0.8% without fuel while reaffirming adjusted FIFO operating profit and adjusted EPS targets, citing first-half results and the macro environment.
SpaceX CFO Says New AI Hosting Deal Worth $1.11 Billion a Month Starts December 1, Adding About $13 Billion in ARR
SpaceX CFO Bret Johnsen said the company closed a new AI hosting deal worth about $1.11 billion a month starting December 1, adding roughly $13 billion in ARR alongside existing Google and Anthropic compute contracts in its Colossus data centers.
August CPI Rises 0.4% as Expected, but Core at 0.3% Lifts September Fed Hike Odds to About 90%
August CPI rose 0.4% as expected, but a firmer 0.3% core reading and a 3.9% gasoline jump pushed CME-tracked September Fed hike odds to about 90%, per CNBC.
DICK'S Sporting Goods Cuts FY2026 Profit Outlook as Foot Locker Drags on Results Despite Strong Core Comps
DICK'S Sporting Goods cut its fiscal 2026 adjusted EPS guidance to $11.00-$12.00 after the Foot Locker business swung to a projected operating loss, even as the core DICK'S banner posted 4.9% comparable sales growth, according to the company's earnings release and Yahoo Finance.
Houthis Seize Yemen's Red Sea Port of Mokha, Yemeni Military Source Says Zuqar Island Also Taken
Houthi forces seized Yemen's Red Sea port of Mokha, per AP-cited officials, and a Yemeni military source told AFP that Zuqar Island was also taken, as Brent and WTI tracked toward a weekly close above $100, CNBC reported.
Adobe Posts Record Fiscal Q3, Lifts Full-Year Outlook as AI-First ARR Growth Tops 150%
Adobe's fiscal Q3 revenue and adjusted EPS beat estimates as the company raised full-year guidance, citing AI-first ARR growth above 150% and record annual recurring revenue, per Yahoo Finance/Proactive.
Copart Agrees to Buy ACV Auctions for $10.50 a Share in $1.9 Billion Cash Deal
Copart has agreed to acquire ACV Auctions for $10.50 a share in cash, valuing the dealer-wholesale marketplace at about $1.9 billion, announced alongside Copart's fiscal fourth-quarter results showing a 17.4% drop in net income.
Oracle's Cloud Infrastructure Revenue Jumps 121% to $7.4 Billion as Backlog Swells to $664 Billion
Oracle's fiscal Q1 2027 results beat Wall Street estimates as cloud infrastructure revenue rose 121% to $7.4 billion and RPO backlog hit $664 billion, while capital spending and cash burn surged.
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