Market News
Breaking market news and updates
Fed Raises Rates 25bp to 3.75%-4%, First Hike Since 2023; Dot Plot Points to One More Increase in 2026
The Fed raised rates 25 basis points to a 3.75%-4% range in a unanimous September 16 vote. The dot plot shows a 4.1% median for end-2026, implying one more hike, with inflation medians nudged up and unemployment projections cut.
Stock Market Today: Technology Leads While S&P 500 Slips
Technology led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
Fed Raises Rates a Quarter Point to 3.75%-4% in Unanimous Vote, First Hike Since July 2023
The Fed raised its benchmark rate a quarter point to 3.75%-4% in a unanimous 12-0 vote, the first hike since July 2023, with Chairman Kevin Warsh citing elevated inflation and a split dot plot pointing to further tightening.
Continental Resources Signs MOU With PDVSA to Develop Venezuela's Ayacucho 2 Block
Continental Resources says it signed an MOU with PDVSA on Sept. 16, 2026 to operate the 126,000-acre Ayacucho 2 block in Venezuela's Orinoco Belt, per its release and CNBC.
Copart to Acquire ACV Auctions for $10.50 a Share in $1.9 Billion All-Cash Tender Offer
Copart has agreed to acquire ACV Auctions for $10.50 a share in cash, an all-cash tender offer valued at about $1.9 billion, with deal terms, market reaction and financial details as reported by CBT News, Collision Week, The Globe and Mail and Insurance Journal.
JPMorgan Profit Rises 13% to $16.5 Billion as Dealmaking and Trading Fuel Q1 2026 Beat, but Bank Trims 2026 Interest-Income Outlook
JPMorgan's Q1 2026 profit rose 13% to $16.5 billion as investment banking fees jumped 28% and markets revenue rose 20%, even as the bank trimmed its 2026 net interest income guidance to $103 billion, per Yahoo Finance and Proactive Investors.
U.S. Retail Sales Rose 1.2% in August, Beating Forecasts as Control Group Jumped 1.4%
U.S. retail sales rose 1.2% in August 2026, topping the 0.8% consensus, as the GDP-relevant control group jumped 1.4% and July's decline was revised smaller, according to Census Bureau data reported by Reuters via Yahoo Finance.
J.B. Hunt Warns Q3 Earnings Will Fall 5%-10% From Q2 as Costs Rise; Shares Drop as Much as 9%-10%
J.B. Hunt told investors at the Morgan Stanley Laguna Conference that Q3 earnings will fall 5%-10% from Q2 on rising costs, sending shares down as much as 9%-10% and prompting price-target cuts at Barclays and Bank of America.
Von der Leyen Offers Canada Path to Become EU's First 'Associate Member'
European Commission President Ursula von der Leyen proposed that Canada become the EU's first associate member during her State of the European Union address, a shift beyond the existing CETA trade pact, CNBC and POLITICO Europe reported.
SK Hynix and Intel in Early Talks Over First-Ever U.S. Memory Chip Production, Reuters Reports
SK Hynix is in early, exploratory talks with Intel about making memory chips in the U.S. for the first time, possibly at Intel's delayed Ohio campus, Reuters reported, citing three sources.
Senate Blocks Clarity Act in Failed Cloture Vote, Crypto Markets Slide
The Senate blocked the Clarity Act crypto market structure bill in a failed cloture vote, with unresolved ethics disputes over Trump family crypto profits cited as a sticking point as bitcoin, Coinbase and Circle shares fell.
Boeing Said to Near Revived 150-Jet 737 MAX Deal With Turkish Airlines After Engine-Maintenance Dispute
Reuters reports Boeing is nearing a revived 150-jet 737 MAX order with Turkish Airlines after an engine-maintenance dispute delayed the deal, matching a September 2025 commitment tied to the airline's 2033 fleet-expansion goal.
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