Australia raises benchmark rates to 15-year high as it fights sticky inflation
Australia's central bank on Tuesday raised rates to 4.6%, their highest level in 15 years as the country looks to contain inflation stoked by the Middle East conflict.
Business
Cattle Slip Lower into Monday’s Close
Live cattle futures posted modest losses of 57 cents to $1.42 at the Monday close. Cash trade has yet to be reported this week, with Monday mostly compiling showlists, as trade has been light in recent weeks. Feeder cat…
AMD to buy Fei-Fei Li’s World Labs in $8.2 billion bet on ’physical AI’
The current wisdom in chipmaking is that building good chips requires understanding how the AI models running on them are evolving. Nvidia already has an answer to that in its own open-weight world model, Cosmos. AMD ha…
Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
CNBC's The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses.
LeBron James is already boosting ticket and merchandise demand for Philadelphia 76ers
The NBA season hasn't even started and the Philadelphia 76ers' signing of LeBron James is already paying off.
Hogs Face Monday Losses
Lean hog futures were mostly lower on Monday, with October up a tick and the rest of the board down 55 cents to $1.27. USDA’s national base hog price was up 54 cents in the Monday PM report at $79.22. The CME Lean Hog I…
Anthropic’s potential $2 trillion IPO comes with the following fine print
Anthropic’s revenue grew over 10-fold in 2025, but the cost of training and serving its models is also climbing.
Hogs Showing Steadier Trade on Monday
Lean hog futures are up 50 cents to 22 cents lower on Monday, showing mixed trade. USDA’s national base hog price was not reported on Monday morning due to thin volume. The CME Lean Hog Index was down another 44 cents o…
Raymond James Upgrades Park Hotels & Resorts to Strong Buy from Market Perform
Fintel reports that on September 28, 2026, Raymond James upgraded their outlook for Park Hotels & Resorts (NYSE:PK) (LSE:0KFU) from Market Perform to Strong Buy.
Cattle Slipping Back to Start the Week
Live cattle futures are showing modest losses of 85 cents to $1.15 at midday. Cash trade was reported at $345-350 dressed in the North, with $222-223 live sales. Feeder cattle futures are falling $1.60 to $2.35 on Monda…
AMD makes a big bet on the next era of AI with World Labs acquisition
The chip maker is buying the startup and adding AI pioneer Fei-Fei Li as its chief scientist.
This AI startup has only 14 employees — and a fresh $10 billion valuation
Instinct is rapidly amassing investment dollars, illustrating the rush of excitement around personal AI assistants.
Stocks Settle Lower on Rising Bond Yields
The S&P 500 Index ($SPX) (SPY) closed down by -0.77% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.08%. December E-mini S&P future…
OpenAI abandons plan to release upcoming model as safety concerns escalate
OpenAI decided not to release an upcoming artificial intelligence model, GPT-6.1 Astra, after determining that it did not adequately meet the company's safety standards, CNBC confirmed on Monday.
Boeing 737 Max 10 certification delayed by software issue, FAA says
The head of the Federal Aviation Administration said a software problem will delay its certification of the Boeing 737 Max 10 as the agency assesses whether it poses a safety issue, a potential setback for the manufactu…
MongoDB’s stock is down nearly 20% as CEO decamps to Meta
“July is one of the most bullish months of the year. In fact, based on last year’s update, July became the most bullish month on average. For readers who may not remember, or who may be new here, July has been positive …
Sugar Prices Settle Mixed as Crude Oil Erases an Early Rally
October NY world sugar #11 (SBV26) closed down -0.04 (-0.23%) on Monday, and December London ICE white sugar #5 (SWZ26) closed up +1.50 (+0.30%).
Intel Selloff Tests Whether Its 2026 Rally Has Priced In Too Much
The melt-up finally took a breather. After nine straight winning weeks, the S&P 500 closed lower, finishing Friday at 7,384, down about 2.6% on the week and roughly 3% below Tuesday’s record high of 7,609.78. The headli…
Nvidia makes a statement with historic $150 billion buyback announcement
The company intends to repurchase a large amount of shares through January 2028, reflecting its “confidence in the long-term opportunity ahead.”
Cocoa Prices Pressured by Ample Ivory Coast Cocoa Supplies
December ICE NY cocoa (CCZ26) closed down -30 (-0.53%) on Monday, and December ICE London cocoa #7 (CAZ26) closed down -30 (-0.71%).
Supreme Court Justice Alito will not participate in big climate change case next week
Supreme Court Justice Samuel Alito, in a surprising reversal, has recused himself from participating in a major climate-change case the Supreme Court is set to hear next week, which involves the oil companies Exxon Mobi…
Senate tees up college sports bill aimed at regulating NIL deals
The Senate on Monday is slated to vote to create a national framework for name, image and likeness deals in college sports as one of its last acts before the chamber gears up to leave town later this week ahead of the 2…
IRS hires Joseph Velli to help administer Trump accounts
The Internal Revenue Service has hired Joseph Velli as a senior advisor to Chief Executive Officer Frank Bisignano to help administer Trump Accounts, according to an email Bisignano sent to senior leaders at the IRS tha…