AI Stock Rally Loses Steam, Oil Prices Fall Below $100
Nasdaq futures were flat after a global rally in AI-linked stocks stalled, and oil prices reversed course to fall on rising hopes for a diplomatic settlement to reopen Hormuz.
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Brent Falls Below $100 a Barrel on U.S.-Iran Diplomacy Hopes
Oil reversed initial gains after reports that Iran offered to reopen the Hormuz Strait within seven days if the U.S. takes steps toward easing military pressure.
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EU, Philippines Reach Breakthrough in Free-Trade Talks
The agreement comes as persistent geopolitical shocks and tariffs underscore the need to look for new trade partners.
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In Trump, Xi Sees 'Rare Window' to Convince Taiwan That Resistance Is Futile
Beijing is courting Taiwan's opposition-and quietly helped stage its leader's landmark visit to the mainland-to pull the island into its orbit.
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U.K. Government Borrowing Rose in August as Budget Looms
The government borrowed more in August than a year earlier, a setback for its plans to reduce its deficit as it prepares to outline a new budget next month.
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Looking for Real-Estate Bargains? Watch These Apartment Loans
One pool of multifamily apartment mortgages issued in 2021 is already 53% delinquent.
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Saudi Arabia Spent Months Trying to Bypass Hormuz. Now There's No Way Around It.
With its Red Sea bypass route disrupted by attacks from Yemen and Iraq, the world's oil kingpin is returning to the waterway it was trying to avoid in the first place.
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Iran's President Gets Rare Opportunity to Make His Case to the World
Masoud Pezeshkian is expected to speak at the United Nations on Wednesday, giving him a platform to rail against the U.S. and try to sway the world to Iran's side.
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Africa Digs Up Tons of Illicit Gold. A Fabled Refinery Wants to Make It Legit.
The century-old Rand Refinery, long the go-to destination for Africa's commercially mined gold, is trying to integrate often-problematic artisanal gold into its supply.
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Trump Looks to Sideline Canadian Potash With Belarusian Supply Deal
President Trump is signaling a potential agreement to purchase lower-priced potash from Belarus, a move that could challenge Canadian exporters.
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Canada to Enshrine Expedited Project Reviews With Legislation
The legislation also attempts to minimize labor disruptions in key trade-focused parts of the economy like railways and ports.