What are today's top business/market headlines?
Here are today's top business and market headlines (September 25, 2026):
Bond Market Turmoil & Rate Hike Fears
The dominant story remains the bond market rout. Asian bonds and stocks were set for further losses Friday as elevated oil prices fueled inflation concerns, driving long-term Treasury yields to multi-decade highs, with the bond selloff pushing the 30-year Treasury yield to the highest since 2004 and the benchmark 10-year yield eight basis points higher to 5.20%. Souring sentiment further, an expanded Treasury buyback operation failed to meet investor expectations.
This follows a rough Wednesday session where U.S. stocks ended lower as Treasury yields and oil prices rose, while investors feared the Federal Reserve could go ahead with more interest rate hikes. The Dow Jones Industrial Average slid 0.7% to end at 51,511.59 points, while the S&P 500 declined 0.8% to 7,706.05 points. Markets are now pricing in high odds of another hike: markets are pricing in a 66% chance of a quarter percentage point rate hike by the Fed in its October policy meeting, up from 8.8% a month ago.
Trump-Xi Summit & Trade
A major geopolitical/business story this week was the high-stakes meeting between the U.S. and China. President Trump and Chinese leader Xi Jinping met at the White House for high-stakes talks about trade, artificial intelligence and the Iran war. Treasury Secretary Scott Bessent also indicated there could be more announcements from China, including on agriculture.
Oil & Iran Situation
Oil prices remain a key driver of the inflation narrative. Brent crude settled near $107 after briefly paring its rally on news reports that the US and Iran are exploring a phased deal to reopen the Strait of Hormuz. CNBC also noted oil prices pulled back from session highs after a report of talks for a phased reopening of the Strait of Hormuz, while the 30-year Treasury yield hit its highest level since 2004 as the bond market rout continued.
Corporate News
Fed Commentary
Philadelphia Fed's Anna Paulson said "modest" rate moves are likely ahead.
Markets are clearly on edge heading into the weekend, with the combination of surging Treasury yields, elevated oil prices, and heightened rate-hike expectations weighing on sentiment despite some positive corporate-specific news.
Citations (14)
- Stock Market Today: Dow, S&P Live Updates for September 25 - Bloomberg
Source excerpt: “Send a tip to our reporters · Site feedback: Take our Survey · By Toby Alder · September 24, 2026 at 10:13 PM UTC · Save · Asian bonds and stocks were...”
- Stock Market Today: Dow, S&P Live Updates for September 25 - Bloomberg
Source excerpt: “Souring the sentiment, an expanded Treasury buyback operation failed to meet investor expectations. ”
- Stock Market News for Sep 24, 2026
Source excerpt: “UK markets closed · FTSE 100 · 10,680.79 · -24.47 · -0.23% GBP/USD · 1.3218 · -0.0026 · -0.20% GBP/EUR · 1.1623 · -0.0007 · -0.06% FTSE 250 · 24,187.1...”
- Stock Market News for Sep 24, 2026
Source excerpt: “The Dow Jones Industrial Average (DJI) slid 0.7%, or 352.10 points, to end at 51,511.59 points. The S&P 500 declined 0.8% to end at 7,706.05 point...”
- Stock Market News for Sep 24, 2026
Source excerpt: “Markets are pricing in a 66% chance of a quarter percentage point rate hike by the Fed in its October policy meeting, according to the CME FedWatch to...”
- Stock market today: Live updates
Source excerpt: “US President Donald Trump (R) shakes hands with China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. ... Preside...”
- Business News: Reports and Video on Stocks, Inflation, Recalls and More | NBC News
Source excerpt: “... Treasury Secretary Scott Bessent also indicated that there could be more announcements from China, including on agriculture. ”
- Stock Market Today: Dow, S&P Live Updates for September 24 - Bloomberg
Source excerpt: “Brent crude settled near $107 after briefly paring its rally on news reports that the US and Iran are exploring a phased deal to reopen the Strait of ...”
- Stock Markets, Business News, Financials, Earnings - CNBC
Source excerpt: “Quick LinksPro: Rate hike winnersTrump-Xi summitTrump press banTreasury yields soarStarbucks closuresAI at the UNMeta glasses ... Oil prices pull back...”
- Stock market today: Live updates
Source excerpt: “... Hyperscaler Oracle is trying to get out of making payments for a data center being built in New Mexico, using a legal protection known as "force m...”
- Stock Market News for Sep 24, 2026
Source excerpt: “Meanwhile, shares of Meta Platforms, Inc. (META) rose 1% on Wednesday, bringing its weekly gains to 12% after a solid response to its AI assistant, Mu...”
- Stock Market News for Sep 24, 2026
Source excerpt: “Shares of Amazon.com, Inc. (AMZN) and Alphabet, Inc. (GOOGL) fell 2% and 3.8%, respectively, after both companies blocked Muse from their shopping p...”
- Stock Markets, Business News, Financials, Earnings - CNBC
Source excerpt: “Why Treasury yields may be helping · 2 Hours AgoCat owners are spending more and boosting pet retailers · 2 Hours AgoAnalysis: Higher Treasury yields ...”
- Business News
Source excerpt: “U.S. Markets ... Trump-Xi meeting puts Chinese automakers’ U.S. access in focus ... McDonald's is hosting an investor day. Here are 4 things to e...”