News

Market news: A U.S. federal judge has ruled against the Justice Department’s (GOOG.O) antitrust case concerning Google’s (GOOG.O) advertising technology business, rejecting the Department of Justice’s proposal to “break up Google’s advertising technology business.”

Iranian Parliament National Security Committee Chairman Aziz: The Iranian people standing shoulder to shoulder with the Iranian military has already put the US-Israel alliance in jeopardy. Our position has never changed. America, continue to be angry, let that anger consume you.

Downing Street: British Prime Minister Burnham welcomes Canada as the first observer nation in the Global Combat Aviation Programme this summer.

US President Trump boarded Air Force One to travel to Gastonia, North Carolina, where he plans to deliver a midterm election speech.

The Russian Foreign Ministry stated that if European countries take military action against Russia, it will be a "completely different war," and hopes that this warning has been heeded by relevant European countries and institutions.

According to the Wall Street Journal, sources say ExxonMobil (XOM.N) may sign a memorandum of understanding with Venezuela's state-owned oil company this month.

Federal Communications Commission Chairman Carl: Wireless spectrum auctions could easily generate more than $100 billion in revenue in the coming years.

Sources say Microsoft (MSFT.O) and OpenAI are facing another lawsuit over AI copyright issues.

The Canadian Prime Minister's Office: Canada has formally applied to join the UK-led Joint Expeditionary Force military alliance.

The United States has issued an order banning Canadian goods from the U.S. government procurement system.

Bank of America (BAC.N): Bank of America’s current prime rate is 7.00%, effective September 17, 2026.

Market news: The U.S. small business bankruptcy bill has passed the House of Representatives.

The Dow Jones Industrial Average closed down 630.56 points, or 1.21%, at 51,462.55 on Wednesday, September 16; the S&P 500 closed down 33.51 points, or 0.44%, at 7,552.22; and the Nasdaq Composite closed down 3.15 points, or 0.01%, at 25,978.42.

The U.S. saw a net inflow of international capital of $83.7 billion in July, with the previous figure revised from $133.5 billion to $135.5 billion.

The U.S. experienced a net outflow of long-term capital of $27.9 billion in July, compared with a revised figure of $174.4 billion in July (originally reported as $172.7 billion).

Foreign investors net bought $3.6 billion of U.S. Treasury bonds in July, compared with a revised figure of $6.2 billion in the previous month (originally reported as $6.8 billion).

Noah Buffam, Capital Markets Strategist at CIBC: The Fed's latest dot plot is hawkish because FOMC members expect the return to a neutral interest rate to be slower than the market anticipated. This is supporting the dollar.

Southwest Airlines (LUV.N): If fuel prices remain high, it may cut capacity.

Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management: History shows that once the Fed starts raising rates, they raise them multiple times, but it’s not so clear whether they will raise rates at consecutive meetings or keep rates unchanged at some meetings between this meeting and future rate hike meetings.

Ukrainian President Volodymyr Zelenskyy stated that Ukraine is preparing for talks with its partners in the United States to discuss important issues including promoting peace negotiations, energy, food security, and weapons. Ukraine will receive new support packages, with a focus on strengthening its air defense capabilities.