The defence-technology company will invest $3.7 billion in a Maryland shipyard under a $2.9 billion Navy contract to build Virginia-class submarine components.
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Markets move day and night, across time zones. AI faithfully monitors what matters to Teresa and her group of active investors, and shares it with you. Published twice a day, at 10 am and 5 pm Eastern.
Tuesday, October 6, 2026
24 storiesThe Westpac-Melbourne Institute index fell 4.7% in October to its weakest reading since the 1990s, days after the Reserve Bank lifted rates to a 15-year high.
The governor said it is becoming more important to keep underlying inflation anchored around the target, leaving further rate increases on the table without committing to October.
The Bridgewater founder said interest costs are crowding out other spending and that China and Japan may pull back from US Treasuries, days after the Treasury secretary told investors the debt path would soon improve.
The federal government is buying detention real estate outright while the operator clears secured debt and opens room for buybacks.
Vice Chair for Supervision Michelle Bowman set out a restructuring of how the Federal Reserve examines banks, and said the asset thresholds that sort institutions by size will be revisited next.
Attacks on shipping in and around the strait injured crew on at least one tanker and left Gulf crude and condensate exports well below normal.
The chipmaker returned to a record high as US equity benchmarks hit fresh all-time highs and Treasury yields fell back.
Seven core producers agreed at a virtual meeting on Sunday to leave November production unchanged, leaving about 2 million barrels a day of cuts in place while Gulf supply is disrupted.
The combined company brings three film studios, two streaming services and two news networks under David Ellison's control after a yearlong fight.
US bond yields fell back from their highest levels since 2002 after crude dropped under $100 a barrel and Treasury Secretary Scott Bessent restated his pledges on the debt.
August's gap was the widest since just before the tariffs took effect last year, and economists now expect net trade to subtract from third-quarter growth.
Brazilian stocks surged after Flavio Bolsonaro finished ahead of President Lula da Silva in the first round, sending the race to a runoff.
Beijing shut a record number of small lenders last year, nearly one in four, while third-quarter growth is estimated below the official target.
The federal government bought three California immigration detention facilities from GEO Group, which will keep operating them.
The euro hit its weakest level against the dollar in 17 months as French deficits and a snap Spanish election unsettled investors.
The White House's top economic adviser said it is time for Jerome Powell to give up his remaining seat on the Federal Reserve Board.
Shipping incidents in the Strait of Hormuz are accelerating while oil flows rebound, pulling freight risk and crude prices in opposite directions.
Index levels remain near records while, by Morgan Stanley's count, roughly half of listed US stocks have fallen into bear-market territory.
Supervisors have been inside several large banks since spring asking about their lending to private-credit firms and how those loans are valued.
The merger of Paramount and Warner Bros Discovery has completed, handing David Ellison one of the world's largest entertainment companies.
US employers added 29,000 jobs in September, weaker than expected, and traders cut the odds of another rate increase this month.
A global bond selloff has pushed long-dated US yields to their highest level in about twenty years, and equities have so far looked through it.
An executive order temporarily opens highway use of tax-free dyed diesel and defers the federal excise tax on that fuel through the end of the year.
Monday, October 5, 2026
24 storiesOpenAI's chief executive rejected calls for much greater industry regulation days after signing a voluntary safety pact at the White House.
Pablo Hernandez de Cos told an audience in Vienna that public debt, non-bank investors and faster digital risks all complicate central bank crisis response.
Withdrawal requests at the flagship non-traded fund fell to $4.2 billion in the third quarter, from $4.7 billion in the second.
At the LBMA conference, reserve managers argued the case for diversifying into gold survives a 10-year Treasury yield holding above 5 per cent.
A conditional federal loan commitment would fund uprates and modernisation at Vistra nuclear plants in Ohio and Pennsylvania.
The private prison operator keeps the service contract, lifts its buyback and raises guidance, while the shares send mixed signals.
Tehran says the strait stays closed until its seven conditions are met, while Washington widens sanctions on Iranian airlines and the banks that serve them.
A court has upheld the supply-chain-risk designation, a Republican senator has written to the chief executive, and an IPO is expected.
Yemen's government says it has recovered the Red Sea chokepoint less than a month after losing it, with about 100 coalition jets flying cover.
Confidence readings are the weakest in more than a decade even as households buy more, splitting the signal ahead of the holiday quarter.
Japan's prime minister pledged fiscal discipline in a policy speech, with funding costs rising as the Bank of Japan raises rates and tapers bond buying.
The White House is easing limits on red-dyed, tax-exempt diesel to blunt fuel inflation while rejecting the export controls the industry had feared.
The consortium pursuing Lukoil's assets is led by a Trump donor and includes a US government financial agency.
The Treasury secretary has pulled back from his claim to be the house after an attempt to talk yields down failed to take.
The senator took 47.03% of the first-round vote against 45.16% for the incumbent, forcing a second round on 25 October.
Ministers are reported to be ready to match the European Union's 45% levy on Chinese electric vehicle imports.
The complaint asks a court to void the chartering rule and the interpretive letter behind trust charters for crypto firms.
A currency falling on fiscal and political news rather than on rate expectations leaves the European Central Bank with an awkward choice.
Flows through the Strait of Hormuz have recovered but the shipping risk has not, and Brent still trades above $100 a barrel.
The group left quotas where they are at a virtual meeting on Sunday, with the Iran war already restricting barrels.
The long end is repricing fast enough that Washington's unconventional options are being discussed as live choices.
The new Super Intelligence Force puts the director of national intelligence, the FTC chair, the Pentagon's research chief and the federal personnel director over US AI policy.
A soft employment report lands two weeks after the Fed's rate increase and days before the minutes that explain it.
The administration's top economic adviser called on the former chair to resign days after the Fed's internal watchdog reported on its headquarters overrun.
Sunday, October 4, 2026
24 storiesThe central bank says interconnected weaknesses are more likely to crystallise, even as traders price a November rate rise.
The Treasury secretary defended his claim to be "the house" in US debt markets while acknowledging the limits of official intervention as long yields rise.
Governor Newsom signed AB 1633, described as the first US law taxing private ICE detention companies.
Chris Wright told CBS that the president was "well aware of the risks to energy flows" before the war began, and would not rule out further military action.
The president's chief economic adviser said it is "time for him to move on", days after the Justice Department declined to reopen a criminal inquiry.
Sanjay Malhotra listed global debt, stretched valuations, leverage, private credit and AI-driven cyber risk, and warned against complacency.
Tokyo added 33 entities and nine individuals to its asset-freeze list and restricted services to 35 vessels.
The second rebrand of the unit this year follows the president's campaign to replace the term artificial intelligence.
Seven producers agreed at an online meeting on Sunday to hold quotas steady for a second month while the war with Iran keeps barrels off the market.
The White House puts the figure at $90 a head for Part B premiums; the president said the checks would be nearly $100.
Vice President Vance chaired an unannounced session on the Iran war and the Saudi-Houthi conflict, three US officials told Axios.
Saudi-backed government forces moved against the Houthis on Sunday as the group claimed missile strikes on Aramco sites inside Saudi Arabia.
The presidential race pits the incumbent against a Trump-aligned senator, with spending rules and the US relationship at stake.
The Independent Community Bankers of America has asked a federal court to undo national trust charters granted to crypto firms.
Vice Chair Philip Jefferson and New York Fed President John Williams both signalled no urgency, pulling traders back from an October move.
The coordinated release follows a US threat to ban diesel exports and record pump prices in Britain.
Tehran says the waterway stays closed until the United States meets seven conditions, while attacks on shipping continue.
A multibillion-dollar sale of Lukoil's foreign assets has become part of the negotiations, with the leading bidder group tied to the US envoys.
Project Meridian gives three outside co-directors 120 days to map the future of war, while their companies hold defence contracts.
The rating agency kept a stable outlook but said surging interest costs leave the fiscal path increasingly exposed to the bond market.
A San Francisco Fed paper finds issuers have replaced 40% of the US Treasury demand lost as foreign official holdings fell.
The director of national intelligence will lead a Super Intelligence task force reporting on AI risks and the government's oversight role.
Prosecutors say AI servers were routed to China through Malaysia and Singapore using false paperwork about their destination.
Hiring came in far below expectations and the jobless rate ticked up, weakening the case for another Federal Reserve rate increase this month.