Finance
Nscale Files S-1 for NYSE Listing, Reporting $1.02 Billion First-Half Loss on $140.6 Million in Revenue
The London-based AI data center company disclosed $56.4 billion in contracted work not yet delivered, more than $8 billion in debt, and a single customer supplying over half its first-half revenue.
S&P 500 Rises 0.17% to 7,650.50 as About $7 Trillion in U.S. Options Expired in Second-Largest Triple Witching
Friday's quarterly expiry was the second-largest on record per Citadel Securities, trailing June's $7.7 trillion, and the S&P 500 finished the week below its August 13 record close as Treasury yields rose.
Warren Buffett Steps Down as Berkshire Hathaway Chairman; Son Howard Buffett Takes the Post
Buffett, 96, becomes chairman emeritus and stays on the board, nine months after handing the CEO job to Greg Abel.
Netflix Closes Down 4.67% After Wells Fargo Cuts Stock to Underweight and Target to $57
Analyst Steven Cahall cited falling viewing time per subscriber and a thinner second-half slate of original series; 38 of the 52 analysts who cover Netflix still rate it a buy or strong buy.
Oil Falls for a Third Session as Aramco Targets Half of East-West Pipeline Capacity 'Within Days'
Saudi Arabia says it can bypass the damaged section of its Red Sea crude line in days and fully repair it in about six weeks, and crude benchmarks slipped for a third straight session on Sept. 18, 2026, though reported closing prices differ by source.
Paramount Skydance and 12 State Attorneys General Hold Settlement Talks Over Warner Bros. Discovery Deal, Reuters Reports
Reuters reported Friday that talks over the $110 billion takeover have advanced and could produce a deal within days; a court-ordered settlement conference is set for Oct. 14-15 and trial for March 2, 2027.
U.S. Expected to Hold Off on Announcing New 'Excess Capacity' Tariffs Until After Sept. 24 Trump-Xi Meeting, Bloomberg Reports
A Section 301 report that would recommend a 7.5% tariff on Chinese goods is not expected before the Washington summit, according to people familiar with the matter cited by Bloomberg; the administration has not given a public reason.
Copart Begins $10.50-a-Share Cash Tender Offer for ACV Auctions, Valuing It at About $1.9 Billion
The offer, launched September 17 through a Copart subsidiary and backed by both boards, runs until September 30 and carries no financing condition.
Nvidia CEO Says Chip Unit Sales Should Roughly Double in 2027; U.S. Stocks Rebound Sept. 17 After Fed-Driven Drop
Jensen Huang told reporters in Scotland that Nvidia expects to sell about twice as many AI chips next year; U.S. indexes and semiconductor shares rose the same day, recovering ground lost after the Federal Reserve's rate increase.
Trump Signs Memorandum Directing Agencies to Identify and Remove Canadian-Origin Goods From Federal Civilian Purchasing
The September 16, 2026 memorandum orders OMB and the U.S. Trade Representative to find Canadian goods in the civilian procurement system and take steps to remove them, but does not itself ban any purchase.
Fed Raises Rates a Quarter Point to 3.75%-4% in a 12-0 Vote, Its First Increase Since 2023; Dow Closes Down 631 Points
The Federal Open Market Committee cited elevated inflation, its updated projections point to one more increase in 2026, and the 10-year Treasury yield closed above 5% as President Trump repeated his call for much lower rates.