News

U.S. Trade Representative Greer: When conducting Section 301 investigations into excess capacity, tariffs will be set based on the tariff caps set under trade agreements.

EU Trade Commissioner Šefčovič: Push for reforms within the G20 and WTO framework to address industrial overcapacity.

EU Trade Commissioner Šefčovič: Working with the US and other allies to ensure supply chain security and prevent the weaponization of critical minerals.

The Society of Motor Manufacturers and Traders (SMMT) reported that UK car production rose 5.7% year-on-year in August to 40,872 vehicles.

According to Axios: Qatari mediators attempted to push for a diplomatic breakthrough between the United States and Iran this week, but progress was minimal as neither side was willing to concede.

U.S. 10-year Treasury futures rose 4 points, while 30-year futures rose 12 points.

Pentagon: Boeing (BA.N) wins multi-billion dollar contract for the U.S. Navy's next-generation fighter jet.

White House AI Agreement: Nvidia (NVDA.O), OpenAI, Anthropic, xAI, and Google (GOOG.O) will regularly discuss AI safety standards.

US President Trump released a document at the White House on Tuesday outlining an agreement reached with artificial intelligence executives.

Canadian Prime Minister Mark Carney: Canada is deeply disappointed by Cleveland Cleveland's decision to suspend some production at its Hamilton plant. Canada will use all available powers to ensure that it fulfills its obligations.

According to Axios: US President Trump said that Director of National Intelligence Jay Clayton would be a good head of artificial intelligence.

Nvidia CEO Jensen Huang: The statement reached at the White House is highly binding.

According to sources familiar with the matter, the Trump administration plans to announce a roughly $54 billion Alaskan liquefied natural gas (LNG) project, funded by arrangements under the Strategic Investment Agreement between the United States and South Korea. This LNG project is part of South Korea's announced $200 billion investment plan.

According to Anthropic's IPO filing, approximately one-third of Anthropic's revenue in 2025 will come from markets outside the United States, and less than 20% will come from subscription services. Furthermore, approximately 40% of sales in 2025 will come from distribution partners such as Amazon (AMZN.O) and Google (GOOG.O).

U.S. crude oil inventories for the week ending September 25 were 1.019 million barrels, compared to an expected decrease of 1.14 million barrels and a previous reading of 1.786 million barrels.

U.S. crude oil inventories at Cushing, Oklahoma, for the week ending September 25 were 233,000 barrels, compared to 2.082 million barrels in the previous week.

U.S. API crude oil production for the week ending September 25 was -282,000 barrels per day, compared to -527,000 barrels per day in the previous week.

U.S. refined product imports for the week ending September 25 were 435,000 barrels per day, compared to a previous week's -373,000 barrels per day.

U.S. crude oil imports for the week ending September 25 (API) fell by 249,000 barrels, compared to a previous week's decrease of 739,000 barrels.

U.S. heating oil inventories fell by 459,000 barrels in the week ending September 25, compared with 435,000 barrels in the previous week.