I'll pull today's top business and market headlines for you.
Today's Top Business / Market Headlines - Friday, September 25, 2026
U.S. Markets - Stocks Dip For 3rd Straight Day
•U.S. stocks open lower, extending losing streak after strong economic data put more rapid Fed rate cuts "on ice". For the opening print: The Russell 2000 (-0.92%) faced the steepest declines, while the Nasdaq (-0.84%), S&P 500 (-0.56%), and Dow (-0.28%) also sinking. Later in session: Russell 2000 (-1.07%), Nasdaq (-0.61%) and S&P 500 (-0.55%) still down.
•At close prior session: S&P 500 off 0.5% to 6605, Nasdaq down 0.5% to 22385, Dow fell 174 points (-0.4%) to 45947 - stocks fell for a third day in a row. Worries include rising bond yields - 10-year Treasury yield rose to 4.175%.
•Strong economic data drives Dollar Index higher - Dollar Index rose to highest point in three weeks
•Durable Goods +2.9% month-over-month [Prev: -2.7%] [Consensus: -0.5%]
•GDP Growth Rate +3.8% quarter-over-quarter [Consensus: +3.3%]
•Initial Jobless Claims 218,000 [Prev: 232,000] - lower than expected
•Earnings / Movers:
•Costco (COST) shares down nearly 1% after hours despite beating estimates - reported $5.87 a share vs $5.80 estimate on revenue of $86.2 billion vs $86 billion expected
•Tesla (TSLA) down 4% to $424.23 on weak sales reports from Europe
•Oracle (ORCL) down 5.7% to $291 after downgrade by Rothschild analyst arguing investors overestimated contracted cloud revenue value
•Notable gainers intraday: Albemarle (ALB) (+6.77%), Intel (INTC) (+6.52%), IBM (+5.66%)
•Big earnings / data calendar today: 27 earnings including Accenture (ACN), Jabil (JBL), CarMax (KMX) this morning and Costco after close - biggest report of the week, plus Durable Goods Orders, Q2 GDP, Initial Jobless Claims, Existing Home Sales and Fed speakers including Chicago Fed's Austan Goolsbee
Financial Times - Top Stories September 25
•Citigroup to sell stake in Mexico's Banamex for $2.3 billion - Citigroup has agreed to sell a 25% stake to financier Fernando Chico Pardo
•UK wants to end pricing feud with drugs companies, says science minister
•US government in talks to take stake in Lithium Americas - Trump administration renegotiating terms of $2.26 billion Energy Department loan for Thacker Pass lithium project with GM
•Jaguar Land Rover to bear full cost of cyber attack due to lack of insurance cover - could cost billions in lost revenues
India / Asia Markets Brief - September 25, 2026
•Trade Setup: Nifty 50 closed at 23,063.10 (-1.64%) and Sensex at 73,580.54 (-1.67%) in previous session
•Dalal Street opens cautious after heavy selloff - Nifty fell below 25,200 and Sensex declined towards 73,580, pressured by elevated Brent crude near $106/bbl
•Government Allays UPI MDR Concerns: Ministry of Finance affirmed proposed 0.4% UPI merchant discount rate will not be passed to retail consumers
•Advance Salary Disbursal Ahead of Bank Strike: Central government employees receiving September salaries today ahead of 3-day nationwide bank strike Sept 28-30
•Reliance Plans ₹10,000-Crore Fundraise: bond issue in coming week
•IPOs Opening Today: Orient Cables price band Rs 258-272 for Rs 5.52 billion IPO - opens Sept 25 and closes Sept 29; Runwal Enterprises IPO price band ₹290-₹305 also opening Sept 25; Dudani Retail IPO to raise Rs 10.54 Crore opening Sept 25
Other Business Headlines Making News
•Starbucks (SBUX) will lay off corporate employees and close underperforming stores as cost-cutting measure
•Amazon (AMZN) will pay $2.5 billion to settle claims it deceived customers into paying for Prime subscription
•Oracle, Silver Lake and MGX will reportedly own 45% of TikTok and board seats per Bloomberg report
•IRDAI Fee Cap Shakes Insurance Distributors: insurance and fintech stocks saw volatility after regulator draft to cap distributor commissions
•Akasa Air in advanced discussions to order 200+ Boeing 737 MAX aircraft