What are today's top business/market headlines?

I'll fetch today's top business and market headlines for you.I'm pulling more details from major sources for the latest headlines.Today’s top business and market headlines (September 24, 2026) center on a deepening global bond selloff, mixed/flat US equities under pressure from rising yields and oil prices tied to the US-Iran conflict, related inflation and rate-hike concerns, the Trump-Xi meeting, and several notable corporate developments.[1]

Markets and Economy

•Global bond selloff intensifies: The US 30-year Treasury yield reached its highest level since 2004, with the 10-year also hitting multi-decade highs (around 5.1–5.2%). Drivers include sticky inflation from elevated energy prices, resilient growth, higher government spending, and expectations of further Fed rate hikes. This is pressuring public finances and borrowing costs worldwide (OECD warning noted). Mortgage rates breached 7% for the first time in roughly 20 months.[1]

•US stocks mixed to slightly lower: The S&P 500 ended marginally down (~0.02% at around 7,704), the Dow fell ~0.3%, and the Nasdaq was roughly flat or edged up slightly. Markets faced pressure from the bond rout and oil prices but saw some late recovery on reports of possible US-Iran diplomatic paths (e.g., reopening the Strait of Hormuz). Meta gained on an AI gadget launch; Oracle declined.[2]

•Oil and energy pressures: Oil prices remained elevated due to the Iran conflict (with tanker rates hitting records earlier); European diesel prices climbed sharply on the prospect of a US diesel export ban (opposed by airlines, the EU, and parts of the US oil industry as potentially “catastrophic” for supplies and prices). Some optimism emerged around truce talks.[3]

•Economic data: US weekly jobless claims stayed near 57-year lows; new home sales got a boost from price reductions. Fed officials continue discussing a soft landing amid the inflation spike, with rate-hike odds elevated.[1]

Geopolitics and Trade

•Trump-Xi White House meeting: Chinese President Xi Jinping visited for talks with President Trump focused on trade, AI, Taiwan, and bilateral ties (including potential tariff truce extensions).[4]

•Broader impacts from the Iran war and potential diesel export restrictions continue to ripple through energy markets, shipping, and inflation expectations.

Key Corporate and Sector Stories

•Oracle data center issues: Oracle issued a “force majeure” notice on a major New Mexico data center project (with Blue Owl) citing power delays, sending ripples through AI-related financing; the company may still face payment obligations. Shares fell.[1]

•MGM Resorts / People Inc: MGM shares tumbled (~10%) after Barry Diller’s People Inc withdrew an ~$18 billion bid; reports indicate MGM is now discussing a counter-bid for People.[1]

•AI and tech deals: Anthropic is seeking 50.1% voting control for co-founders ahead of a potential IPO; it also signed a large (~$11.6 billion) cloud deal with Akamai (including a warrant for a stake). SoftBank completed a record junk bond sale (yields up to ~9.75%) to fund its OpenAI bet. OpenAI-related developments (including agent incidents and product previews) continue. Meta rose on hardware/AI news.[1]

•Other notables: Costco beat quarterly estimates on resilient demand. Starbucks plans to close another 250 underperforming stores. GoDaddy received a takeover approach from Gen Digital (Norton). Qualcomm renewed its licensing pact with Apple. PepsiCo is raising some prices. Delivery Hero’s CEO reversed exit plans amid an Uber bid.[5]

These themes—higher-for-longer rates/yields, energy geopolitics, and AI infrastructure bets—dominated the day. Markets remain sensitive to Iran diplomacy updates, Fed commentary, and the Trump-Xi outcomes. For the absolute latest, check sources like Reuters Business or FT Markets, as headlines evolve quickly.

Citations (5)

1reuters.comNews and mediaquality 1.00
https://www.reuters.com/business/
Backs: “I'll fetch today's top business and market headlines for you.I'm pulling more details from major sources for the latest headlines.Today’s top business and market headlines (September 24, 2026) center on a deepening global bond selloff, mixed/flat US equities under pressure from rising yields and oil prices tied to the…”
2reuters.comNews and mediaquality 1.00
https://www.reuters.com/business/wall-st-futures-fall-middle-east-uncertainties-ahead-trump-xi-talks-2026-09-24/
Backs: “Markets faced pressure from the bond rout and oil prices but saw some late recovery on reports of possible US-Iran diplomatic paths (e.g., reopening the Strait of Hormuz). Meta gained on an AI gadget launch; Oracle declined.”
3ft.comNews and mediaquality 0.93
https://www.ft.com/markets
Backs: “Oil and energy pressures: Oil prices remained elevated due to the Iran conflict (with tanker rates hitting records earlier); European diesel prices climbed sharply on the prospect of a US diesel export ban (opposed by airlines, the EU, and parts of the US oil industry as potentially “catastrophic” for supplies and…”
4ft.comNews and mediaquality 0.93
https://www.ft.com/us
Backs: “Trump-Xi White House meeting: Chinese President Xi Jinping visited for talks with President Trump focused on trade, AI, Taiwan, and bilateral ties (including potential tariff truce extensions).”
5morningstar.comData and tools
https://www.morningstar.com/news/dow-jones/202609244591/dow-jones-top-company-headlines-at-9-am-et-starbucks-to-close-250-underperforming-stores-darden
Backs: “GoDaddy received a takeover approach from Gen Digital (Norton). Qualcom”