AI is losing its grip on the U.S. stock market. Here’s why
A key tech-stock volatility measure that options traders have monitored throughout the year is reversing, suggesting AI’s dominance over the U.S. stock market is weakening.

A key tech-stock volatility measure that options traders have monitored throughout the year is reversing, suggesting AI’s dominance over the U.S. stock market is weakening.

At the close of the main session, the MOEX Index had gained 1.98% to 2,308.93 points, while the dollar-denominated RTS Index rose 3.32% to 862.31. The yuan slipped 13 kopecks to 12.53 rubles. Novatek led gains on higher European gas prices, while Eurotrans fell amid rising bankruptcy risks.
OPEC reduced its projection for global oil demand growth in 2026 to 380,000 barrels per day, according to a copy of its monthly report, marking the fifth consecutive downward revision.
OPEC lowered its 2026 global oil demand growth forecast to 0.4 million barrels per day from 0.6 million bpd a month earlier, putting expected demand at 105.84 million bpd. It raised its 2027 growth forecast to about 2.4 million bpd year on year.
Indian Commerce and Industry Minister Piyush Goyal said the first Innoprom exhibition in India shows Russia and India are moving from statements to concrete action in trade and economic cooperation. He said both governments and business communities must accelerate efforts toward targets of $100 billion in bilateral trade and $50 billion in mutual investment by 2030.
Stanley Druckenmiller says US borrowing costs remain “a little low” even after yields surged. The close ally of Kevin Warsh calls Federal Reserve officials who say rates are restrictive “just ridiculous.”
OKX is bringing bets on the valuations of private companies including OpenAI and Anthropic to Europe as pre-IPO trading expands. The exchange offers up to 10x leverage alongside 100 tokenized stocks and ETFs.

The European Securities and Markets Authority said event contracts could be covered by existing EU bans on binary options, crypto-asset rules such as MiCA or national gambling laws, warning that authorization gaps may exist for Polymarket and Kalshi in the bloc.

Economists say President Donald Trump’s promise of $5,000 “dividend” checks could stoke inflation and put additional pressure on household finances over the long term.


Donald Trump headlined the Republican Party’s first midterm convention and urged voters to keep him in mind when they vote in November. He said that if Republicans retain control of both the House and Senate, he would seek a $5,000 “dividend” for every U.S. citizen.

Donald Trump proposed paying every U.S. adult a $5,000 “Trump dividend” if Republicans win November’s congressional elections. He made the proposal in a nearly two-hour prime-time speech closing the first day of the Republican Party’s first-ever midterm convention, placing himself at the center of the campaign as his approval ratings weigh on Republican prospects.
Ford Motor announced Thursday that it will invest $1 billion to build a new paint shop at its key truck plant in Kentucky, following criticism from the Department of Transportation.
Italy’s government has extended the diesel discount at petrol stations for another week, reducing the price by 17.1 cents per litre through 17 September. It is the 15th measure aimed at curbing rising fuel prices and will cost about €2.7 billion.
Italy’s government has extended the 17.1-cent-per-litre diesel discount at petrol stations until 17 September. It is the 15th measure introduced to curb rising fuel prices, with a total cost of about €2.7 billion.
British man Christopher Woolcott admitted creating a fictitious takeover bid for Canadian oil explorer Touchstone Exploration. The regulator said he used false identities and forged documents in hopes of profiting from a rise in the company’s shares.
India’s Financial Intelligence Unit issued non-compliance notices to 15 crypto service providers and separately requested the removal of their public apps and URLs under the country’s information technology rules. The announcement confirms notices and takedown requests, but does not say all services are blocked or that customer accounts, balances or withdrawals have been frozen.

Tightening global copper supply, strong demand driven by the AI boom and tariff uncertainty are fueling a frenzy around the metal, pushing prices to their highest levels ever.
Brent crude futures for November delivery on London’s ICE exchange rose above $107 per barrel for the first time since May 21, trading data showed. At 6:57 p.m. Moscow time, Brent was up 5.77% at $107.05, while October WTI futures gained 5.65% to $101.48.
Russia reduced oil production by 160,000 barrels per day month-on-month in August 2026 to 8.718 million bpd, OPEC reported. Its OPEC+ quota was 9.887 million bpd, leaving output 1.169 million bpd below the quota. Production remains constrained by the OPEC+ agreement.
U.S. existing home sales fell to a 14-month low in August as rising mortgage rates continued to weigh on demand.
Prediction market Polymarket has appointed former Amazon finance chief Warren Jenson as its first chief financial officer as it develops a regulated U.S. exchange and a global platform.

Persistent inflation and resilient economic growth are raising the risk that major central banks may need to deliver further interest-rate hikes. Energy prices are climbing while tensions in the Middle East show little sign of easing.
Oil prices rose 4 percent as tanker attacks escalated in the Middle East, with Brent crude topping $105 a barrel and US oil surpassing $100 for the first time since May. Concern over prolonged supply disruptions pushed traders’ expectations of a Federal Reserve rate increase next week to nearly 70 percent.

Oil prices climbed Thursday, with Brent crude reaching $105 a barrel for the first time since May as the continuing conflict in the Middle East unsettled global markets.

Oil prices surged again as markets braced for a prolonged U.S. war with Iran. Brent crude rose above $105 a barrel for the first time since May, while U.S. crude reached $100.
DigitalBridge-backed Vantage Data Centers is seeking $2bn in loans from Pimco and PGIM, turning to new investors to fund AI infrastructure as Wall Street banks limit their exposure.
President Donald Trump’s latest trade maneuver leaves room for a compromise with Canada, while threatening to worsen the cost-of-living crisis for Americans and further strain relations with Ottawa.
London-based challenger bank Monument Bank has delayed the launch of retail tokenized deposits, citing regulatory issues in the UK. It hired a Canadian custodian to meet Financial Conduct Authority requirements and now expects to roll out the product by November.

The European Central Bank raised interest rates for the second time this year on Thursday in a widely anticipated move, seeking to curb rising inflation driven entirely by higher energy costs stemming from the Iran war.

The European Central Bank raised interest rates to contain inflation fueled by higher energy costs linked to the US-Iran war. Eurozone inflation has risen above 3%, while the ECB projects 0.9% economic growth and 3.0% inflation for 2026, warning that price pressures may persist well above target.
The European Central Bank raised interest rates by a quarter point, taking its deposit rate to 2.5%. An energy shock driven by the Iran war is lifting eurozone inflation and has prompted the bank’s second increase in three months.
The European Court of Auditors says the EU’s REPowerEU program has fallen short of its goal of reducing dependence on Russian oil and gas. Member states have spent just €54.3 billion of the €300 billion available. Auditors attributed the drop in Russian energy imports mainly to mild winters and high prices, while warning that some countries continue to buy Russian energy. A full EU ban on Russian LNG imports is due in January 2027.
Global grain prices are climbing sharply as Russia and Ukraine intensify attacks on major export infrastructure in the Black and Azov seas. With the harvest underway, both countries are struggling to find alternatives as ports and terminals close, while Russia’s domestic wheat prices fall below breakeven.

The EU is implementing recommendations from former Italian Prime Minister Mario Draghi, but a new report says its pace is failing to keep up with the rest of the world.
Bitcoin Bancorp has acquired thousands of Bitcoin Depot kiosks for $620,000. Court records show that just over a quarter of the company’s more than 9,200 kiosks were sold for less than $1 million.

The IMF said the global economy had absorbed the energy shock from the war in the Middle East better than feared. It still expects global output to grow by about 3% in 2026, while warning that risks remain high.
The US is paying more to persuade investors who are increasingly sensitive to price to buy Treasuries.
Woolworths increased prices on at least four products, including chicken fillets, potatoes, cinnamon donuts and canned bean mix, soon after promising to freeze prices on 300 family staples for three months. Data from CW Scanner showed chicken fillets rising 33%. A marketing expert said the increases failed to match consumers’ understanding of a price freeze, while Woolworths awaits a federal court verdict over alleged misleading discount practices.

The piece examines Hyperliquid and the potential future role of crypto in finance.

Kremlin spokesman Dmitry Peskov said Latvia’s planned 300% tariffs on Russian grain were the country’s own decision, adding that global markets extend far beyond Latvia and alternative destinations exist. An economist warned the move could halt transit, reducing Baltic revenue and some global supplies.
Kremlin spokesman Dmitry Peskov said trade wars are continuing and that Latvia appears to be “inspired” by transatlantic approaches to tariffs as Riga considers imposing a 300% duty on grain shipments from Russia. An expert said ending transit along the route would not cause a critical global shortage but would raise prices by increasing risks and complicating logistics, benefiting exporters from the EU, US, Argentina and Australia.
Traders raised the probability of a rate increase next week to 70% during morning trading.

European Central Bank President Christine Lagarde rejected Jean-Luc Mélenchon's proposal to cancel part of France's national debt, describing it as financially dangerous and saying EU law makes it legally impossible.
Dubai Airports expects passenger traffic to reach about 70 million this year as demand recovers, CEO Paul Griffiths said. That is below its previous target, which may now be achieved by the end of 2027.
Russian LNG deliveries to the European Union fell to 682 million cubic meters in August, down 46% from July and 37% from a year earlier, according to TASS calculations based on Bruegel data. The decline came as EU imports of Russian LNG rose 11% in January-August to about 15.3 billion cubic meters.
American Eagle Outfitters shares fell about 11% on Thursday after the apparel retailer forecast flat quarterly gross margins. The outlook pointed to possible discounting to clear excess inventory, while weak demand at its namesake brand could pressure profit.
MoneyGram is rolling out a Visa card that allows customers to hold dollars and spend from a balance backed by stablecoins, bringing digital dollars into routine purchases.


MoneyGram has launched its first Visa card backed by stablecoins. Developed with Rain, the card is initially available in Colombia.
The Bank of Russia set the official dollar exchange rate for September 11 at 84.3508 rubles, down 1 ruble and 10.86 kopecks from the previous rate. The euro rate fell 96.69 kopecks to 98.2856 rubles, while the yuan rate was set at 12.5637 rubles.
Bond volatility and rising rates are prompting some investors to look beyond traditional bonds for income, including alternative fixed-income assets, stocks and other strategies.

Volkswagen estimates that job cuts and possible plant closures under a landmark restructuring agreement reached last week will cost about €16 billion ($18.6 billion), according to a person familiar with the matter.
A Dubai-based investor with a bare-bones website and a name borrowed from aviation has become one of Elon Musk’s biggest backers in recent years. The firm is now expanding its multibillion-dollar position by joining another funding round for Boring Co.
Prediction market company Kalshi has launched perpetual contracts for gold and silver after receiving approval from the Commodity Futures Trading Commission. The move is the latest step in diversifying the assets available for users to trade.

As England considers a nightly tourist tax, continental Europe offers a long-established model. Italy typically charges visitors €1 to €10 per person per night, with five-star hotels in Milan charging €12. In 2024, Rome, Milan, Florence and Venice raised substantial sums, although cash-strapped municipalities often use the money for expenses beyond tourism services and monument maintenance.

A coalition including Nasdaq and Boerse Stuttgart is calling on the European Union to remove or increase the cap in its tokenization trial, warning that the current limit is too low and that some existing European projects already exceed it.

Investment executives at Marsh Investment say the record widening gap between Chinese and US government bond yields is unlikely to cause catastrophic capital flight from China. The spread between 10-year benchmark yields reached 3.17 percentage points this week, which they attributed to US fiscal pressures and global macro trends rather than a structural retreat from Chinese assets.

The International Energy Agency says higher natural-gas prices caused by the Middle East conflict and the Strait of Hormuz blockade are pushing global coal demand up. Demand is now forecast to grow 1.2% in 2026 to a record 8.94 billion metric tons. The 2027 outlook depends on whether LNG shipping through the strait resumes; continued disruption could drive coal demand even higher.
Global coal consumption is expected to reach a record this year, the International Energy Agency says, as higher natural-gas prices and a strong El Niño boost demand for air conditioning.
Starbucks CEO Brian Niccol says the company is entering the second year of its turnaround, with the next phase centered on renovating cafes and improving the customer experience.

The bond sell-off has intensified again as falling Saudi oil production gives fresh momentum to crude prices. US 30-year borrowing costs have reached their highest level in nearly two decades.
London’s position as a global wealth hub has suffered a serious setback in recent years.
Citadel Securities is urging the Securities and Exchange Commission to oversee equity-linked event contracts, challenging the Commodity Futures Trading Commission’s self-certification process.

Russia’s international reserves fell by $20.7 billion, or 2.7%, in the week to September 4, reaching $753.5 billion, according to the Bank of Russia. The regulator attributed the decline mainly to negative revaluation; reserves stood at $774.2 billion on August 28.
China’s expanding imports are giving fresh momentum to global trade as Yiwu displays products from more than 100 countries and Hainan’s zero-tariff policies and faster customs procedures boost demand. The country’s automakers are also drawing international auto-parts suppliers into closer links with China’s manufacturing chains.

U.S. crude oil rose above $100 for the first time since May, while stock futures fell, as the U.S.-Iran war showed no sign of ending.
The fund overseeing the wealth of the Danish billionaires behind Lego A/S plans to sharply increase investment in plastics technologies as Europe prepares to impose much stricter recycling rules.
Slightly fewer Americans filed for unemployment benefits last week, with jobless claims staying at historically low levels as layoffs remained rare.

Slightly fewer Americans filed for unemployment benefits last week, with jobless claims still near historically low levels and layoffs remaining rare.
The number of Americans filing for unemployment benefits declined last week, indicating that layoffs remained limited and continued to support the labor market.
Speakers at an investment panel in Hong Kong said broader use of the Chinese yuan in fast-growing Central Asia could reduce infrastructure companies’ currency risks and costs. Easier access to yuan would help limit exchange-rate exposure, particularly as the more internationalised US dollar strengthens.

Digital arrest scams falsely claim law-enforcement authority to pressure victims into making rapid digital payments, including cryptocurrency transactions, writes Moody’s Rich Graham.

Nasdaq Ventures agreed to invest $100 million in Payward, the parent company of Kraken, as the firms expand their partnership on tokenized equity infrastructure.


Nasdaq is investing $100 million in Payward, the parent company of Kraken, at a $21 billion valuation. The deal expands a strategic partnership aimed at bringing tokenized equities with voting rights to crypto exchange users.
The SEC approved a Nasdaq Texas rule allowing qualifying commodity-linked trusts to place up to 15% of their exposure in specified digital commodities or securities that fail existing eligibility tests, while permitting active management. At least 85% must remain in cash, commodities or other qualifying assets, and sponsors must check compliance daily. The change streamlines listings but does not approve any particular fund.

The U.S. producer price index increased 0.4% in August, matching the rise forecast in the Dow Jones consensus estimate.

Geely, the owner of the Lynk & Co brand, said on Thursday that Volvo Cars will become the exclusive distributor for Lynk & Co vehicles in Europe from January 2027.
Russia's Aurus Cashmere, India's Bansal Spinning Mills and Sberbank signed a memorandum to develop joint textile production. Russian wool, including from Kalmykia, is expected to be made into Aurus Cashmere fabrics in India for later supply to Russia and EAEU markets.
Sun Hung Kai Properties, Hong Kong’s largest developer by market capitalisation, said underlying profit for the year to June rose 4.6% to HK$22.85 billion. Reported profit reached HK$21.43 billion, supported by a HK$1.38 billion net investment-property revaluation gain, compared with a HK$742 million loss a year earlier.

Iran has temporarily suspended a 10% charge on freight fees for foreign vessels transporting imported or exported oil, gas and liquid petroleum products to or from the country, semi-official Fars news agency reported on Thursday.
November Brent crude futures on London's ICE exchange rose above $104 per barrel for the first time since May 22. Brent was up 2.78% at $104.02 at 3:06 p.m. Moscow time before easing to $103.93, while October WTI futures gained 3.1% to $99.03 per barrel.
The European Commission is advancing its renewable-energy push while the European Parliament and the Council work to address a major obstacle facing new clean-power projects: inadequate electrical grids.
Saudi Arabia has cut oil production to its lowest level this year after the Houthis announced a “maritime embargo” on the kingdom’s exports in July, pressuring the world’s biggest exporter to reduce output.
European governments plan to urge the EU to use a rarely deployed trade-defence tool to shield the chemicals and plastics sectors from a surge in imports, mainly from China, according to sources familiar with the discussions.
Pablo Hernandez pointed to past railway and dot-com bubbles to warn that AI spending driven by hype rather than real profits could trigger broad economic corrections.

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