Quantum Computing Sector - Quantum computing stocks experienced significant gains, with Regetti Computing's orders totaling €5.7 million for two systems and a €300 million investment from the Danish government and Nova Nordisk in a quantum venture fund, leading to over 20% increases in shares of Regetti Computing, D-Wave Quantum, and Quantum Computing [2] - Regetti's stock has more than doubled since the beginning of the year, while D-Wave Quantum's stock has tripled, and Aritic Quantum surged approximately 36% this week [3] Federal Reserve Insights - Chicago Fed President Austin Goulsby expressed caution regarding premature rate cuts, indicating concerns about inflation and describing the Fed's current position as "sticky" [4] - Fed Vice Chair Philip Jefferson highlighted uncertainty in the baseline outlook for rate cuts due to changing government policies and their effects on employment and inflation [4] Technology Sector Performance - The technology sector saw a mixed performance, with a notable chip rally contributing to all-time highs in markets across Asia, including South Korea, Japan, and Taiwan [6] - Despite some declines in tech stocks, the S&P 500 achieved its 31st record high for 2025, indicating overall positive momentum in the sector [7] Oil Market Dynamics - Oil prices fell to $60 per barrel, marking the worst week since June, influenced by expectations of increased production from OPEC+ and declining summer demand [8] Upcoming Market Events - The Fed minutes are anticipated to provide deeper insights into individual voter positions ahead of the FOMC meeting, which may face challenges due to limited data for rate-cutting decisions [10] - The OpenAI developer conference is expected to be a significant catalyst for the AI sector, following a global chip rally and recent partnerships announced by OpenAI [11][12]

Corporations report profits on their books. Those profits may or may not translate into higher stock prices because all earnings are not equal. Investors often talk about high or low quality earnings, a distinction that refers to the reliability and sustainability of the earnings stream, as well as whether it results from real sales or fancy bookkeeping. They also evaluate whether the earnings are commensurate with the risk taken. That is why just boosting earnings often does not translate into a higher st ...

Serbian President Aleksandar Vucic said that the Russian owners of NIS AD, the country’s main oil company and sole refiner, are prepared to sell a stake in the company to avoid it getting sanctioned by the US. https://t.co/lEmFHmd859 ...

Buffett has said his Berkshire Hathaway would not take complete control of the oil firm. https://t.co/ivA6bKhnVX (Photo: Paul Morigi/WireImage via Getty Images) https://t.co/oiOktP2mzv ...

Berkshire Hathaway is negotiating the acquisition of the petrochemicals business of Occidental Petroleum in a deal that could fetch $10 billion for the oil major, the Wall Street Journal has reported, citing unnamed people familiar with the talks. According to these people, the deal could close in a few days, with WSJ noting that if closed, the deal would be Berkshire Hathaway’s largest acquisition since 2022, when it paid $11.6 billion for insurance company Alleghany. Warren Buffett’s investment company ...

Exxon Mobil is slashing 2,000 jobs worldwide, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more efficient at extracting fossil fuels https://t.co/2iwlVetUQL ...

U.S. oil companies are cutting jobs by the thousands as they respond to falling crude prices, higher tariffs, and a wave consolidation in the industry.President Donald Trump promised boom times for oil and gas when he took office in January. Instead, the industry has shed 4,000 positions through August, according to the most recent data from the Bureau of Labor Statistics.The layoffs come as U.S. crude oil prices have fallen 13% this year due to OPEC+ members rapidly increasing supply to the global market. ...

Core Insights - Exxon Mobil is planning to cut 2,000 jobs, which accounts for 3% to 4% of its global workforce as part of a corporate restructuring effort [1][5] - The company is consolidating smaller offices into regional hubs to align its global footprint with its operating model [2][4] - Other oil industry leaders are also implementing cost-cutting measures, with TotalEnergies aiming to save $7.5 billion by 2030 and Chevron having laid off 15% to 20% of its employees [5] Company Strategy - The restructuring plan is part of Exxon's long-term strategy to redesign work processes and improve cost competitiveness [4] - Exxon emphasizes the importance of collaboration and is realigning its operations to support this goal [2][4] Market Reaction - Following the announcement of job cuts, Exxon's shares fell by 1.46%, trading at $112.55 [5]

Market Overview - U.S. stocks experienced a decline, with the Dow Jones falling over 100 points, down 0.30% to 46,174.85, NASDAQ down 0.28% to 22,527.13, and S&P 500 down 0.18% to 6,649.20 [1] - Information technology shares increased by 0.7%, while energy stocks decreased by 1.6% [1] Economic Indicators - The Chicago Business Barometer fell to 40.6 in September from 41.5 in the previous month, below market expectations of 43 [2][11] - The Dallas Fed's general business activity index dropped 12 points to -5.6 in September [9] - U.S. job openings rose by 19,000 to 7.227 million in August, up from a revised 7.208 million in the previous month [9] Commodity Market - Oil prices decreased by 1.2% to $62.71, while gold prices increased by 0.7% to $3,881.10 [4] - Silver prices fell by 0.2% to $46.905, and copper prices dropped by 0.7% to $4.8580 [4] European Market - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.20%, Spain's IBEX 35 Index rising 0.79%, and London's FTSE 100 increasing by 0.28% [5] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down 0.25%, Hong Kong's Hang Seng up 0.87%, China's Shanghai Composite up 0.52%, and India's BSE Sensex down 0.12% [6] Company News - Wolfspeed, Inc. shares surged 45% to $32.00 following a reorganization plan announcement [8] - Beneficient shares increased by 63% to $0.5950 after reporting fourth-quarter results [8] - Sunrise New Energy Co., Ltd. shares rose 50% to $1.3550 after receiving a U.S. patent for an anode material for lithium-ion batteries [8] - Firefly Aerospace Inc. shares dropped 22% to $28.63 due to a testing mishap with its Alpha rocket [8] - Etsy, Inc. shares fell 11% to $66.48 as the company announced plans to transfer its stock listing to the NYSE from Nasdaq [8] - Mingteng International Corporation Inc. shares decreased by 34% to $4.1002 [8]

Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures lower to kick off the final t trading day of the third quarter. And it has been a strong quarter for stocks and one of the best Septeers in recent years. The S&P 500 on track for its best September since 2010 with the index rising 3% in what is historically a down month for equities.But going into the fourth quarter, investors are eyeing some risks. Am ...