What are today's top business/market headlines?
Here are the top business and financial market headlines for today, Thursday, September 24, 2026:
1. Wall Street Slumps as Surging Treasury Yields and Hot PMI Ignite Inflation Jitters
US stock indexes tumbled on Wednesday, pulling back from near-record highs. The S&P 500 fell 0.8% to close at 7,706.03, the Nasdaq Composite lost 1.1% to finish at 26,936.04, and the Dow Jones Industrial Average slid 0.7% to 51,511.59.
The primary trigger was a sharp spike in bond yields; the US 10-year Treasury yield surged to 5.11% (briefly touching 5.14%), reaching levels not seen since the 2007 pre-Global Financial Crisis era. Investors were spooked by the S&P Global US Flash PMI, which rose unexpectedly from 56.0 to 58.4, signaling that US business activity is growing at its fastest pace in five years. With the economy running hot and Brent crude oil prices hovering around $98–$103 a barrel, traders are pricing in a higher likelihood of the Federal Reserve maintaining or even tightening interest rates further.
2. A "Central Bank Bonanza" on Tap Today
Global monetary policy is in the spotlight today with major decisions expected across Europe and Latin America:
3. SoftBank Surges After Pricing Record $11.1 Billion Bond Sale for OpenAI Bet
SoftBank Group Corp. shares rallied over 5% in Japan after the conglomerate successfully priced a landmark $11.1 billion high-yield bond offering—attracting more than $20 billion in investor demand.
The blockbuster deal, which marks the largest non-financial corporate bond issuance ever from the Asia-Pacific region, is designed to fund SoftBank's $10 billion contribution to OpenAI's massive new funding round scheduled to close on October 1. To further bolster the investment, SoftBank is also in active negotiations with Apollo Global Management to increase an associated loan to $9 billion (up from $5.4 billion).
4. Costco Q4 Earnings on Deck
Wholesale giant Costco ($COST) is scheduled to report its fiscal fourth-quarter 2026 earnings today after the market close.
5. Trump Portfolio Disclosure Reveals Heavy Trading in AI and Tech Giants
New official disclosures show that President Donald Trump’s independently managed stock and bond portfolio executed over 1,000 transactions in July 2026. The filings show active trading in major AI and tech players, including Nvidia, Palantir, Microsoft, Tesla, and SpaceX.
Additionally, separate reports highlighted that Trump-linked accounts perfectly timed trades in MicroStrategy ($MSTR)—the major corporate Bitcoin treasury—selling and then repurchasing shares near their summer lows just before MSTR surged 80% on Bitcoin's late-summer recovery. White House spokespeople reiterated that neither the President nor his family has any input or influence over these third-party managed trades.
Citations (18)
- theedgesingapore.com
Backs: “Wall Street Slumps as Surging Treasury Yields and Hot PMI Ignite Inflation Jitters. US stock indexes tumbled on Wednesday, pulling back from near-record highs.”
- commbank.com.au
Backs: “The S&P 500 fell 0.8% to close at 7,706.03, the Nasdaq Composite lost 1.1% to finish at 26,936.04, and the Dow Jones Industrial Average slid 0.7% to 51,511.59.”
- moomoo.com
Backs: “The primary trigger was a sharp spike in bond yields; the US 10-year Treasury yield surged to 5.11% (briefly touching 5.14%), reaching levels not seen since the 2007 pre-Global Financial Crisis era.”
- pluang.com
Backs: “Investors were spooked by the S&P Global US Flash PMI, which rose unexpectedly from 56.0 to 58.4, signaling that US business activity is growing at its fastest pace in five years.”
- mitrade.com
Backs: “With the economy running hot and Brent crude oil prices hovering around $98–$103 a barrel, traders are pricing in a higher likelihood of the Federal Reserve maintaining or even tightening interest rates further.”
- newsquawk.com
Backs: “A "Central Bank Bonanza" on Tap Today. Global monetary policy is in the spotlight today with major decisions expected across Europe and Latin America: Norges Bank (Norway): Economists are split 50/50 on whether Norway’s central bank will hold rates steady at 4.25% or hike them by 25 basis points to 4.50%.”
- newsquawk.com
Backs: “A "Central Bank Bonanza" on Tap Today. Global monetary policy is in the spotlight today with major decisions expected across Europe and Latin America: Norges Bank (Norway): Economists are split 50/50 on whether Norway’s central bank will hold rates steady at 4.25% or hike them by 25 basis points to 4.50%. While…”
- morningstar.com
Backs: “While underlying inflation has cooled slightly, sticky headline figures and high wage growth have kept the decision finely balanced. Swiss National Bank (SNB): The SNB is widely expected to keep its policy rate on hold at 0.00%.”
- tiomarkets.com
Backs: “Swiss National Bank (SNB): The SNB is widely expected to keep its policy rate on hold at 0.00%. The market's focus will instead be on any revisions to its conditional inflation forecasts and potential foreign-exchange intervention language.”
- newsquawk.com
Backs: “The market's focus will instead be on any revisions to its conditional inflation forecasts and potential foreign-exchange intervention language. Banco de México (Banxico): Banxico is heavily favored to keep its benchmark overnight rate unchanged at 6.50%.”
- fxstreet.com
Backs: “The market's focus will instead be on any revisions to its conditional inflation forecasts and potential foreign-exchange intervention language. Banco de México (Banxico): Banxico is heavily favored to keep its benchmark overnight rate unchanged at 6.50%.”
- rabobank.com
Backs: “Banco de México (Banxico): Banxico is heavily favored to keep its benchmark overnight rate unchanged at 6.50%. The decision is heavily influenced by the Fed’s recent rate hikes, which narrowed the US-Mexico interest rate differential to its tightest margin since 2015.”
- mexicobusiness.news
Backs: “The decision is heavily influenced by the Fed’s recent rate hikes, which narrowed the US-Mexico interest rate differential to its tightest margin since 2015. 3.”
- investing.com
Backs: “SoftBank Surges After Pricing Record $11.1 Billion Bond Sale for OpenAI Bet. SoftBank Group Corp. shares rallied over 5% in Japan after the conglomerate successfully priced a landmark $11.1 billion high-yield bond offering—attracting more than $20 billion in investor demand.”
- seekingalpha.com
Backs: “Costco Q4 Earnings on Deck. Wholesale giant Costco ($COST) is scheduled to report its fiscal fourth-quarter 2026 earnings today after the market close. The Expectations: Wall Street is projecting adjusted earnings per share (EPS) of around $6.52 to $6.55 and total revenue near $94.6 to $94.9 billion.”
- markets.com
Backs: “The Expectations: Wall Street is projecting adjusted earnings per share (EPS) of around $6.52 to $6.55 and total revenue near $94.6 to $94.9 billion. What to Watch: While Costco has already reported strong Q4 net sales of $93.9 billion (up 11.3% YoY), investors will scrutinize its membership renewal rates, executive…”
- tbsnews.net
Backs: “Trump Portfolio Disclosure Reveals Heavy Trading in AI and Tech Giants. New official disclosures show that President Donald Trump’s independently managed stock and bond portfolio executed over 1,000 transactions in July 2026. The filings show active trading in major AI and tech players, including Nvidia, Palantir,…”
- pluang.com
Backs: “Additionally, separate reports highlighted that Trump-linked accounts perfectly timed trades in MicroStrategy ($MSTR)—the major corporate Bitcoin treasury—selling and then repurchasing shares near their summer lows just before MSTR surged 80% on Bitcoin's late-summer recovery. White House spokespeople reiterated that…”