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Las Vegas's tourism chief told Nevada's economic forecasters this month to expect continued headwinds for the market, following a 2025 in which visitation fell 7.5% to 38.5 million, the lowest total since 2021, and visitor spending declined by roughly $4.3 billion. Softer room tax and gaming fee receipts have already begun to pressure the Las Vegas Convention and Visitors Authority's own budget. The picture into 2026 has been uneven rather than uniformly weak. January visitat

United Parcel Service closed at $99.19 on Friday, giving the carrier a market capitalization of roughly $84.4 billion. The quote reflects a stock that has fallen about 32.5% over five years, even as the company moves through one of its larger structural reorganizations. A new global operating model took effect September 1, restructuring how UPS integrates its worldwide logistics network with the stated aim of serving customers with greater consistency and scale. The changes c

Super Micro Computer shares fell 3.1% on Friday to $39.09, extending a volatile year in which the AI server maker has traded between $19.48 and $58.78. The decline came despite an order book that the company describes as the largest in its history. Super Micro has reported a record backlog exceeding $60 billion and guided to fiscal 2027 revenue of $65 billion to $72 billion on demand for AI server systems. Estimate revisions have followed the guidance: fiscal 2027 EPS forecas

Verizon, AT&T and T-Mobile moved lower this week as investors repriced leveraged, dividend-heavy telecom names following the Federal Reserve's first rate increase since 2023. T-Mobile slid to a 52-week low, with Verizon and AT&T following it down. The move was a rates story rather than a company-specific one, with neither carrier reporting fresh operational news. The sector's year-to-date scoreboard remains wide. Verizon, long treated as the group's laggard, has become the cl

Riot Platforms rose 7.5% on Wednesday as investors continued to revalue the company around contracted AI data center infrastructure rather than bitcoin mining alone. The move followed disclosures tied to its Rockdale lease and related financing, and extends a re-rating that has been building through the year. The shift is visible in the financials. Riot posted its strongest year in company history with revenue up 72% and 5,686 bitcoin mined, and its AMD data center lease is n

The Bank of Japan raised its benchmark interest rate by a quarter point to 1.25% on Friday, the highest level since 1995. The central bank pointed to domestic inflation driven in part by elevated energy costs and a currency that has stayed historically weak. The vote was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting. The two dissents were read as a signal that the path to further tightening is less certain than the headline decision implies, and the y

Samsung Electronics, SK Hynix and other Asian chipmakers rallied on Friday following a bullish outlook from Nvidia, helping carry a Wall Street advance into Asian trading. MSCI's Asian equities gauge rose 0.8% after the S&P 500 and Nasdaq 100 posted their best session since early August. The driver is supply rather than demand. Nvidia has indicated that memory price increases are likely to persist and warned that shortages could run into fiscal 2028, a constraint on its own p

The Federal Open Market Committee voted 12-0 on September 16 to raise the target range for the federal funds rate by 25 basis points to 3.75%-4.00%. It is the first increase since 2023 and reverses the direction of policy after a stretch of cuts, with officials pointing to inflation readings that have stayed above the 2% long-run target. The projections released alongside the decision suggest the committee is not finished. Sixteen of eighteen participants indicated they expec

American Airlines, Delta Air Lines and United Airlines each traded roughly 2% higher on Thursday as the retreat in crude prices offered relief from the jet fuel costs that have dominated the sector this year. The gains extended into Friday for American, and came against a firmer backdrop for the S&P 500 and Nasdaq that supported cyclical names broadly. Fuel is one of the largest line items in an airline's cost structure, so a sharp move in crude translates quickly into operat

Crude prices fell for a second session on Thursday as Saudi Arabia moved to offset the shutdown of a key pipeline by shipping more barrels through the Strait of Hormuz. Brent futures lost $1.01 to settle at $104.82 a barrel, while U.S. West Texas Intermediate shed 52 cents to close at $101.91. The retreat follows a 2.7% drop in the prior session and unwinds part of the spike that carried Brent above $108 earlier in the week. Saudi officials signalled that roughly half of the

Copper has retreated from an all-time peak after reports that the White House is reconsidering a 15% tariff on refined copper imports that had been expected to take effect January 1, 2027, with a possible step up to 30% in 2028. London Metal Exchange copper fell more than 3% to roughly $14,329.50 a ton on the news, after setting records above $14,600 earlier in the month. The rally that preceded the pullback was built on two things: a structural mismatch between constrained m

Snap is holding the launch event for Specs, its consumer augmented reality glasses, in Los Angeles on Wednesday. The product arrives after more than a decade of internal development and several limited developer-only versions, and the company is positioning it between lightweight AI glasses already on the market and heavier mixed-reality headsets. The launch lands against improving platform numbers. Snapchat reported 971 million monthly active users with 493 million opening t

Nio is set to reach 150,000 cumulative deliveries of its third-generation ES8 this week, roughly one year after the large all-electric SUV began shipping. ES8 deliveries totaled 99,948 in the first eight months of 2026, accounting for about 62% of volume for the main Nio brand. The model has carried a broader recovery in volumes. Nio delivered 107,658 vehicles in the second quarter, up 49.4% year over year, with revenue rising 69.1% to 32.1 billion yuan. The quarter split int

Bank of America shares fell more than 5% after chief executive Brian Moynihan guided third-quarter investment banking fees to a range of $1.6 billion to $1.8 billion and signaled that trading revenue would be roughly flat. The comments came at an industry conference and landed in a market already positioned defensively ahead of this week's Federal Reserve decision. The guidance reflects a slower deal environment rather than credit deterioration. Higher financing costs have pu

Kroger lowered its full-year identical sales guidance alongside second-quarter fiscal 2026 results, now projecting identical sales excluding fuel of 0.2% to 0.8% versus its earlier 1% to 2% forecast. The grocer said roughly 140 basis points of the reduction reflects a drag from Inflation Reduction Act provisions that lowered what Medicare beneficiaries pay for prescription drugs, cutting into pharmacy revenue. The quarter itself beat on profitability. Adjusted earnings came i

DraftKings has received an extension to continue pursuing its roughly $22.5 billion takeover of Entain, the London-listed gambling group that owns half of the BetMGM joint venture with MGM Resorts International. The extension gives the two sides additional time to work toward terms rather than forcing the approach to lapse under UK takeover rules. A completed deal would reshape the U.S. sports betting landscape. Entain's stake in BetMGM sits directly alongside MGM's, meaning

U.S. retail sales rose 0.6% month over month in August, outpacing the 0.2% consensus estimate, with sales up about 5% from a year earlier. The headline figure points to a consumer that is still spending, but the composition beneath it is uneven. Higher-income households increased spending 2.2% year over year in August, compared with just 0.3% for lower-income consumers. Households in the top 10% of incomes now account for 49.2% of total spending, the highest share since 1989.

Gold fell 0.84% to about $4,263 an ounce on Tuesday, while silver traded near $62.99, as precious metals extended a pullback into the Federal Reserve's two-day meeting. Gold is down roughly 3.5% over the past month, though it remains about 15% higher than a year ago. Silver has declined nearly 12% since the start of the year. The immediate pressure comes from rates. With a September hike close to fully priced and the 10-year Treasury yield above 5%, the opportunity cost of ho

Robinhood chief executive Vlad Tenev said the company will introduce voting rights and direct one-for-one share redemptions for holders of its Stock Token products, a step that would tie the tokenized instruments more closely to the underlying equities. The change addresses a long-standing criticism that tokenized shares offer price exposure without the ownership rights attached to conventional stock. The announcement comes alongside continued growth in the platform's core me

The benchmark 10-year Treasury yield rose about 8 basis points to 5.041% on Tuesday, its highest level since 2007, as a selloff in U.S. government debt deepened one day ahead of the Federal Reserve's interest-rate decision. The yield had briefly crossed 5% on Monday before slipping back, marking the first move above that threshold since 2023. Money markets now price roughly a 93% chance of a 25-basis-point hike when the Fed announces on September 16, up from the low-80s range