I'll fetch today's top business and market headlines for you.
Today's Top Business / Market Headlines — Thursday, September 11, 2026:
1. U.S. Futures Rise Ahead of Key Inflation Data
•On September 11 (Thursday), the futures of the three major US stock indexes rose sharply before the US stock market. As of press release, Dow futures were up 0.24%, S&P 500 futures were up 0.24%, and NASDAQ futures were up 0.29%.
•European markets also higher: As of press release, the German DAX index rose 0.21%, the UK FTSE 100 index rose 0.47%, the French CAC40 index rose 0.84%, and the European Stoxx 50 index rose 0.38%.
2. CPI & Jobs Data in Focus - Hotter Than Expected Inflation But Rate Cut Still Expected
•Tonight, the US CPI data for August is being tested. The bond market is betting that the Federal Reserve will start a drastic interest rate cut or change.
•Key data due: 20:30 Beijing time: The US CPI annual rate for August was not adjusted seasonally (%), and the number of US jobless claims for the week ending September 6 and 20:15 Beijing time: The ECB announces the interest rate decision.
•Early prints reported:
•Consumer Price Index (CPI) just dropped and was hotter than expected. Inflation advanced 0.4% in August, rising 2.9% year-over-year, faster than expected.
•If you take out food and energy though and just look at Core CPI, you’ll see that prices came in as expected. Core CPI rose 0.3% to 3.1%.
•Initial Claims rose to 263,000 (Prev: 236,000), the highest reading in about four years.
•Weak employment data and moderate producer price data make traders think that it is certain that the Federal Reserve will cut interest rates by 25 basis points at the September 16-17 meeting.
•Three interest rate cuts by year-end are now fully priced in, reflecting anxiety about a weakening U.S. economy.
3. Stocks Hit Fresh Records Despite Data, After Prior Day Slide
•The U.S. equities market is now closed. The Russell 2000 (+1.72%) careened closer to an all-time high, jumping to 2,418.95. The Dow (+1.36%) surpassed 46K for the first time, ending the day at a record 46,108. The S&P 500 (+0.85%) rose to 6,587.47, a new record. The Nasdaq (+0.72%) set new its fourth consecutive close; 22,043.07.
•At open: The Nasdaq, S&P 500, and Dow are up just a few bips now, paling losses from the negative reports.
•Prior session: US stock indices closed lower on Wednesday as higher yields weighed on corporate margins and consumer demand. The S&P 500 fell 0.5%, the Nasdaq lost 0.3%, and the Dow shed 405 points.
4. Oil & Geopolitics Drive Inflation Concerns
•Oil prices rose further as US-Iran strikes escalated, reducing the likelihood of a near-term resumption of Middle Eastern oil exports and adding to inflation concerns ahead of the Fed's meeting next week.
•Oil Surges Past $100 on Tanker Attacks.
•Brent is around $97.54 ... after the largest recent exchange of US–Iran tanker attacks. As of press release, WTI crude oil fell 1.12% to $62.96 per barrel. Brent crude oil fell 0.98% to $66.83 per barrel - showing volatility after 3-day rally.
5. Fed Politics
•To catch up with next week's FOMC interest rate meeting, the Republican Party is speeding up Milan's entry into the Federal Reserve. The US Senate Banking Committee voted on Wednesday along the partisan line to support the nomination of Trump's adviser Stephen Milan. The Federal Open Market Committee (FOMC) will meet from September 16 to 17. In light of the slowdown in employment growth, the Commission is expected to announce the first rate cut since December last year.
6. Major Corporate / Deal Headlines
•Goldman Sachs CEO: Goldman Sachs is expected to have the busiest week for initial public offerings (IPOs) since July 2021.
•Klarna (KLAR.US) surged 43% on its first day of listing, and eventually closed up 14.55% to $45.82. Blockchain lending company Figure FIGR is set for its IPO today, pricing at $25/sh.
•Mergers and acquisitions are rare in the retail industry: RaceTrac spent 566 million dollars to acquire PotBelly (PBPB.US) at a premium of 47%. RaceTrac agreed on Wednesday to buy sandwich chain PotBelly for about $566 million.
•Starbucks (SBUX.US) plans to sell control of the Chinese business, and Carlyle enters the "final battle" of quotations.
•Afternoon headlines: Reuters reports that Paramount Skydance plans to bid for Warner Bros. Discovery.
•Other movers today:
•Delta (DAL) restated its annual profit forecast and narrowed revenue expectations
•Oracle (ORCL) (-4.5%) is declining after recent earnings performance
•Centene +11.6% rising after affirming its full-year guidance
•Opendoor (+53%) has brought its co-founders back to the board
•Mortgage rates hit an 11-month low, per new data reported by Freddie Mac; a 30Y fixed mortgage was 6.35%, though earlier close report noted Mortgage Rates Near 7% • 9/9/26.