Flash News

TREE NEWS reports: Deputy Defense Secretary Stephen Feinberg is expected to brief House lawmakers Thursday on the Pentagon’s $1.5 trillion funding request for fiscal 2027, in a closed classified session, people familiar said. The billionaire Cerberus Capital Management co-founder will explain the rationale for the unprecedented budget increase. Defense Secretary Pete Hegseth met lawmakers earlier this year to defend the plan and push a party-line budget blueprint to reach the $1.5 trillion total.

TREE NEWS reports: At the Monday close in New York, S&P 500 futures finished down 0.34%, Dow futures fell 0.20% and Nasdaq 100 futures dropped 0.67%. Russell 2000 futures ended 0.31% lower, with the tech-heavy Nasdaq 100 posting the steepest decline among the four contracts.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.7095 per dollar in New York on Monday, September 14, down 15 pips from Friday’s New York close. The currency traded in a range of 6.7041 to 6.7143 through the session.

TREE NEWS reports: Spot gold fell 1.15% to $4,298.88 an ounce in late New York trade on Monday, sliding toward its 50-day moving average of $4,270.99 after touching $4,253.79. The metal dropped below its 100-day moving average last Thursday, now at $4,331.57. Spot silver fell 1.98% to $63.2157 an ounce, COMEX copper dropped 2.30% to $6.3975 a pound, and the Philadelphia Gold and Silver Index closed down 2.95% at 387.62.

TREE NEWS reports: Spot gold fell 1.15% to $4,298.88 an ounce in late New York trading on Monday, September 14, sliding toward its 50-day moving average of $4,270.99 after dropping below the 100-day line at $4,331.57 the previous Thursday. Spot silver lost 1.98% to $63.2157 an ounce, also approaching its 50-day average of $62.5664, while COMEX copper fell 2.30% to $6.3975 a pound.

TREE NEWS update: US Central Command said on September 14 that Iran’s Revolutionary Guard claim that a Panama-flagged tanker recently struck a mine in the Strait of Hormuz is false. CENTCOM said the tanker, the Algaya, was hit by an Iranian missile last month and lost its ability to sail, and was attacked again by an Iranian drone this weekend while anchored off Oman. The vessel is being towed away with help from regional partners.

TREE NEWS update: US President Donald Trump phoned Nvidia CEO Jensen Huang on Monday to discuss artificial intelligence, the White House said. The call marks a direct presidential engagement with the head of the world’s most valuable chipmaker, whose AI processors sit at the center of US export-control and technology policy debates.

TREE NEWS update: US President Trump said on the 14th that he is “open” to negotiating with Iran, adding that Washington helps oil transport through the Strait of Hormuz and that other countries should pay the US “escort compensation.” In social media posts defending his Iran policy, Trump said Iran “urgently” wants a deal. He had earlier said the US-Iran conflict would end “immediately” after November’s US midterm elections.

TREE NEWS update: US President Trump said on the 14th he is “open” to negotiating with Iran, adding that Washington helps oil shipments through the Strait of Hormuz and that other countries should pay the US “escort compensation.” Trump said Iran is “eager” for a deal. He had earlier said the US-Iran conflict would end “immediately” after November’s US midterm elections and that resuming talks with Iran was “not something we are considering right now.”

TREE NEWS reports: MSCI’s emerging markets stock index fell 1.4%, while the developing-nation currency index slipped 0.2%. The declines mark a weaker session for emerging-market assets across both equities and foreign exchange.

TREE NEWS reports: MSCI’s emerging markets stock index dropped 1.4%, while the developing-nation currency gauge slipped 0.2%. The moves mark a down session for emerging-market equities and currencies.

TREE NEWS reports: MSCI’s emerging markets stock index fell 1.4%, while a gauge of developing-nation currencies slipped 0.2%. The moves mark a down session for emerging-market equities and foreign exchange, with the equity benchmark posting the larger decline of the two.

TREE NEWS update: Canadian Prime Minister Mark Carney called on the European Union to complete a trade agreement, pressing Brussels to close the deal. The push comes as Canada seeks to lock in trade terms with its second-largest trading partner. No timeline or specific terms were given.

TREE NEWS update: Houthi military spokesman Yahya Saree said on the 14th that Houthi air defenses intercepted two formations of Saudi fighter jets over Yemen’s Saada province. Saree said the jets — Typhoon and F-15 aircraft — had taken off from Saudi air bases in Khamis Mushait and Taif, and that homemade surface-to-air missiles forced them to turn back. There was no immediate Saudi response.

TREE NEWS reports: The US memory chip and hardware supply chain index fell 6.21% to 190.76 on Monday, September 14. Teradyne led the decline, closing down 13.30%. Lam Research and SK Hynix ADRs dropped at least 7.6%, while Rambus, Applied Materials and Micron Technology each fell at least 5.25%. SanDisk lost 4.98%, Western Digital 4.53% and Seagate Technology 2.97%.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said the tanker Algaya struck a mine and exploded while trying to cross a “no-go zone” in the southern Strait of Hormuz, Iran’s Fars news agency reported on the 14th. The IRGC said efforts to control the fire failed and the vessel is now engulfed in flames. Iran said it had previously warned of dangers in the “illegal shipping route” and that the strait remains under its control and “blocked.” No casualty, flag-state or cargo details were immediately available.

TREE NEWS reports: Iran’s state broadcaster IRIB reported that two Iranian fishing boats were struck by a drone attack in southern Iran, leaving multiple fishermen missing. The report did not specify the exact location of the strike, the number of fishermen unaccounted for, or who was behind the attack. No further details were immediately available.

TREE NEWS reports: On Monday, September 14, emerging-market ETFs closed down 2.73% and gold ETFs fell 1.49%, leading declines across major US asset-class ETFs, with Barclays US convertible bond ETFs down 1.37%. Nasdaq 100, US real estate, S&P 500, long-euro, long-yen, Russell 2000 and Dow ETFs each fell as much as 0.79%. US 20+ year Treasury ETFs rose 0.07%, the Brent oil fund gained 1.29% and the VIX long fund added 0.89%.

TREE NEWS reports: On Monday, September 14, US sector ETFs closed mixed, with the semiconductor ETF down 4.75% and the global tech index ETF off 2.46%. The tech sector ETF fell 1.81%, energy 0.94% and financials 0.38%. Gainers included healthcare at 1.45%, the internet index ETF at 1.31% and consumer staples at 1.25%.

TREE NEWS reports: The S&P 500 closed down 0.5%, with tech, industrials, utilities, energy and materials each falling at least 1%, while healthcare rose 1.3% and telecom gained 2.7%. The Nasdaq 100 fell 0.8%, dragged by Teradyne’s 13.3% drop, while Palo Alto Networks rose 13.2% and CrowdStrike gained 13.9%. The Philadelphia Semiconductor Index slid 5.7% and Nvidia fell 3.2%.