Anthropic's IPO papers, seen by Reuters: sales up 12-fold to $4.6bn, a $42bn loss, and seven founders who will keep 50.1% of the votes

The rest of the day

25 more stories on this beat.

Each with its own sources. None of these is a link to the story above.

1. 02

   Nvidia sets a record $150bn buyback

   Nvidia, whose chips power much of the AI boom, said on Monday it would spend another $150 billion buying back its own shares. [16][7] That lifts the total it is allowed to spend to $235 billion, which it plans to use by January 2028. [16][7] The old record for one buyback plan was Apple's $110 billion, set in 2024. [17] Nvidia made a profit of $59.69 billion in its last quarter alone. [7] Its shares rose about 2% on a day when most chip shares fell. [7][6]

   Apple, 2024$110bn

   Nvidia, Monday$150bn

   Why it matters — When a company buys back shares, there are fewer left, so each one owns a bigger slice of the profit. [7] Critics say the same money could have paid for hiring or research. [16]

2. 03

   Wall Street falls as the 10-year rate hits a 2007 high

   US shares fell on Monday. [18] The Dow Jones index of 30 big companies lost 0.67%, and the tech-heavy Nasdaq lost 0.92%. [18] The yearly interest on the US government's 10-year bond reached 5.27%, its highest since 2007. [4] Traders now see a 70% chance that the US central bank raises rates again in late October, up from 56% a week before. [4] Makers of AI equipment such as Lumentum and Corning fell after OpenAI paused training its newest models. [6]

   Why it matters — The 10-year rate is the base for mortgages and company loans, so when it rises, borrowing costs more for households and firms. [4] The US jobs report on Friday is the next big test for rates. [19]

3. 04

   Oil rises again as Gulf exports recover

   Brent crude, the main world oil price, rose 0.6% to $105.91 a barrel early on Tuesday, its second day of gains. [10] On Monday it had jumped 2.65% to $107.08, after President Trump turned down Iran's plan to reopen the Strait of Hormuz, the sea lane most Gulf oil must pass. [4] Yet oil exports from the big Middle East producers rose to 12.8 million barrels a day in September, the most since February, Kpler data show. [10]

   Why it matters — An analyst at KCM Trade said much of that oil leaves by ship-to-ship transfers, which cost more than normal loading, so the price stays high. [10] He said hope of a US-Iran deal is what keeps Brent below $110. [10]

4. 05

   MongoDB loses its boss to Meta

   Meta, the owner of Facebook and Instagram, hired CJ Desai, the chief executive of MongoDB, on Monday. [9][20] MongoDB makes database software that businesses use to store and search their data. [20] Desai had run it for less than a year, and his predecessor, Dev Ittycheria, is back as interim boss. [9][20] MongoDB's shares fell about 18%, on course for their worst day in nearly seven months. [9][21] Desai will run a new Meta unit that sells its AI assistants and coding tools to businesses. [9][20]

   Why it matters — MongoDB's shares had already lost nearly a quarter of their value this year. [9] Meta's own shares fell about 4% on Monday, after rising 13% the week before on its Muse assistant. [9][22]

5. 06

   AMD buys World Labs for $8.2bn in shares

   AMD, a maker of computer chips, agreed on Monday to buy World Labs, an AI start-up, for about $8.2 billion. [8][23] AMD will pay in its own shares, not cash. [8][23] World Labs, founded in 2023, builds AI that can create and move through 3D worlds, for uses such as robots. [8][23] Its co-founder Fei-Fei Li, a leading AI researcher, becomes AMD's chief scientist. [8] World Labs had trained its models on AMD's chips. [23]

   Why it matters — AMD, worth close to $1 trillion, is trying to catch up with Nvidia, its much larger rival, which already builds this kind of AI. [23] The deal is expected to close by the end of the year. [8][23]

6. 07

   Indian shares fall to a six-month low

   India's Nifty 50 index of big companies fell 1.56% on Monday to 22,780, and the Sensex index fell 1,124 points. [5][18] During the day the Nifty went below 22,900 for the first time since 7 April. [24] Every group of shares fell, led by state-owned banks, which lost more than 3% on fears of higher interest rates. [5][24] Foreign investors sold 5,353 crore rupees of shares, about 53.5 billion, their third day of selling in a row. [18][25]

   Why it matters — The rupee weakened to 96.03 to the US dollar, and traders blamed oil above $106 and high US interest rates. [25][18] Indian funds bought 5,189 crore rupees of shares, almost as much as foreigners sold. [18]

7. 08

   A $15bn steel mill is planned for Iowa

   President Trump announced on Monday a plan by Mesabi Metallics to build a $15 billion steel mill in Iowa. [15][26] Mesabi is owned by Essar Group, an Indian industrial company, and has just opened an iron ore mine in Minnesota. [26][27] The Trump administration says the mill will start making steel in 2030 and grow to 10 million tons a year, more than any other US plant. [27][26] Trump has put a 50% tax on imported steel, which keeps US steel prices high. [27][26]

   Why it matters — Trump administration officials say it will bring up to 6,000 building jobs and at least 1,750 lasting ones. [15] It came weeks before November's midterm elections, in which Iowa's races for governor and for the US Senate are close. [27][28]

8. 09

   Gold has its worst day in a month

   Gold fell about 3% on Monday. [6] By midday in London it was $4,159 an ounce, down from $4,283 on Friday. [13] It steadied on Tuesday, near its lowest level in more than seven weeks. [25] Gold pays no interest, so it loses buyers when bonds pay more, and the US 10-year bond now pays over 5.2%. [6] The gold miner Newmont fell more than 4%, and Fresnillo lost 6.4% in London. [6][13]

   Why it matters — Silver fell almost 5%, and mining companies were the five worst performers among London's 100 biggest shares. [13]

9. 10

   UK diesel costs a record 199p a litre

   Diesel in the UK cost an average of 199.18p a litre on Monday, the highest ever, according to the RAC, a motoring group. [11][13] It beat the record set after Russia invaded Ukraine in 2022. [11] Diesel is 56.8p dearer than on 28 February, when the US-Iran war began. [11] Ukraine's drone attacks on Russian refineries have cut Russia's diesel exports, and Iran's blockade of Hormuz has limited fuel supplies. [11] Petrol averages 174.13p. [11]

   142.38pDiesel, 28 February

   vsvs

   199.18pDiesel, 28 September

   Why it matters — The RAC called it a financial blow to households and businesses that use their vehicles regularly. [11]

10. 11

    Britain's home-buyer loan lifts builders

    The UK government unveiled Your First Home on Monday, a plan for first-time buyers of new homes in England. [13] Buyers can put down a deposit of as little as 2.5%. [13] Britain's government lends up to 20% of the price, at first without interest. [13] Shares in housebuilders jumped: Persimmon rose 15%, Taylor Wimpey 13% and Barratt Redrow 12%. [13] Its cost and timetable are expected in the Budget on 28 October. [13]

    • Buyer's deposit2.5%
    • Government loan20%
    • The rest77.5%

    Why it matters — Berenberg, a bank, said the small deposit and the 20% loan could make a very big difference to what buyers can afford. [13] Makers of kitchens and bricks rose too: Howden 5.9% and Ibstock 21%. [13]

11. 12

    Qatar's gas to Italy stays cut until December

    QatarEnergy, Qatar's state gas company, will not ship liquefied natural gas to Italy's Edison until the start of December, Edison said on Monday. [12] Liquefied gas is gas cooled into a liquid so it can travel by ship. Qatar cancelled six more cargoes, making 35 undelivered since April. [12] Qatar shipped just 18 cargoes of it by the end of August, against 509 in the same months last year, ICIS data show. [12] A few Qatar-linked gas tankers did cross the Strait of Hormuz this month. [29]

    509Qatar LNG cargoes, 2025

    vsvs

    18Same months, 2026

    Why it matters — Edison's Qatar contract covers about a tenth of Italy's gas, and the heating season starts in days. [12] Edison has replaced 23 of the missing cargoes, mostly from US suppliers. [12]

12. 13

    Russia takes control of Metro's Russian stores

    Russia put the Russian business of Metro, a German retailer, under temporary state control, a decree published on Monday showed. [14][30] The decree gave no reason. [14] Russia did the same to Nestle, the Swiss food company, and Auchan, a French retailer, earlier this month. [14][30] Under this process, local owners took over the Russian businesses of Danone and Carlsberg at knockdown prices. [30] Metro has 9,000 staff in Russia. [30]

    Why it matters — It followed a row over an attempted drone attack on Leipzig/Halle airport, which Germany blames on Russia and Russia denies. [14] Metro said it already had no day-to-day control of its Russian arm. [30]

13. 14

    Adani firms settle an Indian case for $154,000

    India's market regulator, SEBI, let Gautam Adani and four of his group's companies settle a case on Monday. [31] It was about whether they kept at least 25% of their shares in public hands, as India's rules require. [31] Together with 14 directors, they paid 14.82 million rupees, about $154,000. [31] The settlement makes no finding on whether the rules were broken. [31]

    Why it matters — The probe began after Hindenburg, a US firm that bets on falling shares, accused the group of manipulating its share prices in 2023, which the group denied. [31] Other probes, into offshore investors and share trading, are still open. [31]

14. 15

    Nu weighs buying Britain's Monzo

    Nu Holdings, a digital bank with 139 million customers, has reportedly held talks to buy Monzo, a British app-based bank. [32] A deal could value Monzo at 8 billion to 10 billion pounds. [32] Monzo has hired advisers to weigh a full sale, new funding or selling part of itself. [32] It has 15.2 million customers and made 172.6 million pounds of adjusted profit before tax on 1.7 billion pounds of revenue in its last financial year. [32]

    Why it matters — A deal would give Nu an established British bank and a licensed base to expand across the EU. [32] Advent, a buyout firm, is among those that have discussed buying a minority stake instead. [32]

15. 16

    Jefferies has a record quarter in share trading

    Jefferies, a New York investment bank, beat profit forecasts for its third quarter on Monday. [33] Its fees for advising on deals and selling shares rose 17% to $1.33 billion. [33] Its trading arm rose 11% to $802 million, helped by record share trading. [33] But its fund business earned $34 million, down from $84 million, partly because one fund had money tied up in First Brands, a car-parts supplier that went bust. [33]

    Why it matters — Jefferies reports before the big US banks, so investors read it as an early sign of their deal-making this quarter. [33] Companies have agreed deals worth more than $4 trillion around the world this year. [33]

16. 17

    Betting sites move into US shares

    Prediction markets such as Polymarket and Kalshi, websites where people bet on future events, now offer tens of thousands of bets on US companies, a Reuters review found. [34] People can bet on moves in shares such as Tesla and Apple, or on company figures. [34] These bets sit outside many of the rules that protect investors on regulated stock exchanges. [34] Legal experts warn that if they keep growing they could move real share prices. [34]

    Why it matters — They are still tiny next to the stock market. [34] Yesha Yadav, a law dean at Vanderbilt University, called it "innovation on steroids" and said watchdogs should act fast. [34]

17. 18

    Owners weigh a sale of Fenergo

    Bridgepoint and Astorg, two private equity firms, are considering selling Fenergo, three people familiar with the matter told Reuters. [35] Fenergo, based in Dublin, makes software that more than 300 of the world's biggest banks and insurers use to check their customers and follow the rules. [35] One source said it could be valued at more than 2 billion pounds. [35] A sale could begin early in 2027. [35]

    Why it matters — It is one of several software firms being readied for sale, with buyout firms such as Thoma Bravo and Vista weighing sales too. [35]

18. 19

    AI firms and unions team up on data centres

    AI companies, buyout firms and trade unions have formed the American Infrastructure Alliance, a group with millions of dollars to spend, Axios reported. [36] Its backers include Blackstone, OpenAI, SoftBank and the electricians' union, the IBEW. [36] It wants to agree rules for new data centres with officials in seven US states, including Texas, Ohio and Iowa. [36] In return it hopes to head off bans on new building. [36]

    Why it matters — It is planning for 2027, not this year's elections. [36] The IBEW's president said blanket bans would threaten good middle-class jobs. [36]

19. 20

    Democrats plan probes of Trump family deals

    Democrats plan to investigate business deals by President Trump's family if they win either chamber of the US Congress in November, lawmakers, staff and lawyers told Reuters. [37] Companies that gave money for Trump's White House ballroom are expected to be among the first targets. [37] Winning either chamber would give Democrats the power to demand documents, with probes starting as early as February. [37] Trump's family has moved into crypto, drones, AI and prediction markets. [37]

    Why it matters — Trump's own wealth has grown by an estimated $2.2 billion in two years of family deal-making. [37] Long legal fights over documents could follow. [37]

20. 21

    Canadian firms move business away from the US

    Canadian companies are looking for customers and suppliers outside the United States after US tariffs and threats, The New York Times reported. [38] Accelovant, a Vancouver firm that makes temperature sensors used in chip-making, is moving production from its US factory to Southeast Asia. [38] It got a $1 million grant from Canada's government to cut its reliance on the US. [38]

    Why it matters — Its founder, Michael Goldstein, is one of many Canadian business owners who now see the US as an unreliable trading partner, the Times reported. [38]

21. 22

    Apple and Amazon face a UK price lawsuit

    Britain's Competition Appeal Tribunal let part of a consumer lawsuit against Apple and Amazon go ahead on Monday. [39] It claims the two agreed in 2018 to limit which sellers could offer Apple and Beats products on Amazon's UK website, which pushed prices up. [39] The part allowed covers Apple products bought on Amazon's marketplace. [39] The claimant values it at 289 million to 306 million pounds, with interest. [39]

    Why it matters — The tribunal threw out a wider claim about other shops, calling its theory of harm speculative. [39] Last year it had refused a similar case over who would represent buyers and how it was funded. [39]

22. 23

    A trading firm sues Glencore for $2bn

    Sapphire Minmetals, a trading firm, and related companies are suing Glencore, a London-listed commodities trader, for $2 billion in Singapore's High Court. [40] They accuse Glencore of fraud, breach of contract and conspiracy. [40] Last week a judge put KPMG in charge of Radiant World, one of the firms, to look into suspected fraud there. [40] Sapphire's chairman, Rakesh Sethi, said on Monday they will push for a fast trial. [40]

    Why it matters — Glencore recently suspended its head of iron ore trading, Peter Hill, Bloomberg reported. [40]

23. 24

    Boeing falls 5% on a software fault

    Boeing's shares fell 5% on Monday. [6] Over the weekend the planemaker said it had found a software fault last month on some 737 Max jets, which could affect certain landing procedures. [6] US airlines told CNBC that their Max 8 and Max 9 planes do not carry the updated software involved. [6]

    Why it matters — Boeing flagged the fault itself, and the airlines CNBC asked say the planes they fly now are not affected. [6] Airline shares fell too, but because of dearer jet fuel: United and American each lost more than 2%. [6]

24. 25

    Kodiak's shares nearly triple on an eye-drug result

    Shares of Kodiak Sciences, a biotech company, rose about 170% on Monday. [6] Its two experimental eye treatments, Zenkuda and KSI-501, met their main goals in a final-stage trial. [6] The patients had wet age-related macular degeneration, an eye disease that can take away central sight in older people. [6]

    Why it matters — CNBC listed it among the biggest share moves of the day. [6] A final-stage trial is usually the last big test before a company asks regulators to approve a medicine.

25. 26

    Venezuelan gold flows into the US again

    The Trump administration allowed traders to import gold from Venezuela in March, after the US removed President Nicolas Maduro, The New York Times reported. [41] Trump had once blacklisted that gold, saying it poisoned people and paid for gangsters and corrupt officers. [41] It comes from one of the world's most violent and corrupt mining regions. [41] The first supplies came from a state mining company that the US still lists as a security threat. [41]

    Why it matters — The Trump administration is now helping to arrange deals in the trade, the Times reported. [41]