News

According to the Financial Times, Jefferies-managed funds have nearly $500 million in exposure to troubled iron ore trader Radiant World and another entity.

Market news: The Seattle Times and Newsday filed a lawsuit against OpenAI and Microsoft (MSFT.O) on Friday, accusing the two tech companies in federal court of copying their newspapers' news reports without permission to train their artificial intelligence systems.

Musk: In the future, users may be able to connect PlayStation or Xbox to Tesla (TSLA.O) Cybercab.

Market news: Thai gold prices fell 500 baht at the opening on Saturday, erasing all gains from the previous day. Gold bars were priced at 69,150 baht per baht, and gold jewelry at 69,950 baht per baht. This decline stemmed from a global sell-off, as strong US jobs data heightened market expectations of a Federal Reserve interest rate hike. (Note: Baht is a traditional Thai unit of measurement used to calculate the weight of gold and jewelry.)

Musk: The factory system that produces Tesla (TSLA.O) Cybercab is completely different from any other car production line.

US President Trump commented on the Dallas midterm election rally: "This is the biggest rally in history. I will speak on the first night and stay for the closing ceremony on the second night. See you in Dallas."

According to Al Jazeera, the U.S. ambassador to Ankara stated that the sanctions imposed by the U.S. Treasury Department on a Turkish financial institution are not targeted at Turkey or its banking system. He believes this move will be seen in the future as proof of a strong partnership with Turkey, rather than a reason to provoke tensions.

According to Al Jazeera, shipping data tracking platform TankerTrackers reports that oil tankers and gas carriers carrying 7 million barrels of oil are preparing to transit the Strait of Hormuz under U.S. escort.

Fitch: Portugal’s general government debt as a percentage of GDP is expected to fall to 87% by 2026, down from 89.7% in 2025.

Fitch upgrades Portugal's rating from A to A+; forecasts Portugal's GDP growth at 2.1% in 2026.

Fitch: The rating upgrade reflects the strengthening of Portugal's public finances, including the expected downward trend in government debt.

Fitch upgraded Portugal's rating to 'A+' with a stable outlook.

US officials: The White House has no plans to hold an artificial intelligence meeting in mid-September.

According to Nikkei, the size of Japan's AI data centers is expected to quadruple by 2033, with investments reaching $60 billion.

The Dow Jones Industrial Average closed down 272.51 points, or 0.51%, at 53,413.60 on Friday, September 4; the S&P 500 closed down 29.29 points, or 0.38%, at 7,718.42; and the Nasdaq Composite closed down 77.07 points, or 0.29%, at 26,506.99 on Friday, September 4.

The U.S. Department of Justice stated that reports that it had asked the antitrust division to suspend cooperation with the Canadian government were "false."

According to the Financial Times, Anthropic is close to appointing Morgan Stanley (MS.N) and Goldman Sachs (GS.N) as the lead underwriters for its $200 billion IPO.

The U.S. Food and Drug Administration (FDA) has granted accelerated approval to AstraZeneca's (AZN.O) Etcamah for the treatment of advanced breast cancer with ESR1 mutations.

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending September 1, net short positions in the Swiss franc were 22,876 contracts. Net short positions in the British pound were 49,575 contracts. Net short positions in the euro were 24,925 contracts. Net short positions in the Japanese yen were 92,227 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending September 1, speculators increased their net short positions in CBOT U.S. Treasury futures by 12,258 contracts to 199,501 contracts.