September Housing Data Show Record Price Cuts as Mortgage Rates Top 7%
Realtor.com reported that 20.8% of U.S. listings had price cuts in September as active inventory rose and contract signings declined.
Fed Inspector General Finds No Misconduct but Faults $2.4 Billion Renovation Oversight
The Federal Reserve inspector general found no criminal grounds or administrative misconduct, but identified major cost-control and governance failures in a $2.381 billion renovation.
Micron Forecasts $61.5 Billion Quarterly Revenue as AI Memory Contracts Grow
Micron reported $54.23 billion in fiscal fourth-quarter revenue and forecast $61.5 billion for the current quarter as AI-memory contracts expanded.
S&P 500 and Dow Fall as Nasdaq Rises at September 30 Close
The S&P 500 and Dow fell while the Nasdaq rose on September 30 as investors weighed softer inflation, stronger revised growth and elevated Treasury yields.
Judge Clears Paramount–Warner Bros. Merger to Close Under Five-Year Settlement
A federal judge approved Paramount’s settlement with 12 states, clearing its Warner Bros. Discovery acquisition to close under five years of production, worker and competition safeguards.
Bipartisan Senate Permitting Bill Would Make Data Centers Pay Grid Costs
Four senior senators introduced a bipartisan permitting bill that would speed energy-project reviews and require data centers to cover associated transmission costs.
Brazil and U.S. Form Working Group to Explore Trade Agreement
Brazil and the United States agreed on September 30 to create a working group on a possible trade agreement, but no deal or tariff changes have been finalized.
Dallas Fed Survey Shows Oil and Gas Output Rising as Price Uncertainty Grows
The Dallas Fed’s third-quarter Energy Survey found rising oil and gas production alongside wider uncertainty about prices and investment planning.
U.S. Goods Trade Deficit Widens to $132.6 Billion in August
The U.S. advance goods-trade deficit widened 11.5% to $132.6 billion in August as imports increased faster than exports, Census Bureau data show.
U.S. Second-Quarter GDP Growth Revised Up to 2.2%
BEA raised its third estimate of second-quarter real GDP growth to a 2.2% annual rate from 1.5%, citing revised investment, consumer and government spending.