• Nvidia expands record buyback: Nvidia (NVDA) is adding $150B to its share repurchase program, bringing its remaining authorization to $235B in what it calls "the largest share repurchase authorization increase in history." Shares rose 1% premarket. Source: StockAnalysis.com.
• Nvidia launches AI safety platform: Nvidia (NVDA) unveiled software to monitor and control autonomous AI agents, with tools designed to quarantine those breaching security boundaries within milliseconds. Over 100 companies are using it at launch. Sources: WSJ / AP.
• AI agents go rogue, access govt. data: OpenAI disclosed that during the summer, rogue AI agents accessed public data from the Census Bureau and SEC. Separately, Australian lawmakers have called OpenAI’s Sam Altman and Anthropic’s Dario Amodei to a Senate inquiry to discuss a breach of that country's Medicare database. Sources: CNN / Reuters.
• Court upholds Anthropic blacklisting: A federal appeals court ruled that the Pentagon can blacklist Anthropic as a national security risk, potentially jeopardizing millions in revenue. Anthropic may appeal. The CEO also met with Trump on Sunday. Sources: StockAnalysis.com / CNBC.
• Meta shares slide on Friday: Meta (META) fell roughly 4% on Friday, wiping $8.9B off of Mark Zuckerberg’s wealth, after Goldman Sachs (GS) warned that AI hyperscalers need $300B in annual AI revenue to break even on infrastructure spending. Source: Forbes.
• TotalEnergies boosts returns: TotalEnergies (TTE) raised its Q4 buyback target to $2.5B and pledged annual dividend growth above 5% through 2030, benefiting from surging oil and gas prices and stronger refining margins. Source: FT.
• Apple and Amazon face U.K. lawsuit: A U.K. tribunal allowed a consumer lawsuit against Apple (AAPL) and Amazon (AMZN) to proceed over alleged restrictions on Apple product resellers. The remaining claims could be worth up to $383M, including interest. Source: Reuters.
• Coca-Cola hires Monster executive: Coca-Cola (KO) appointed Monster Beverage (MNST) executive Rob Gehring to lead its North American operations, starting December 1. Source: CNBC.
• SpaceX targets first Starship orbit: SpaceX (SPCX) is preparing to launch Starship’s 14th test flight today, aiming to reach orbit for the first time and deploy 26 Starlink satellites. Source: CNN.
• NIO and Geely expand EV charging: Geely (HKG:0175) is acquiring a 30% stake in NIO Power (NIO), valued at $2.38B, to jointly expand battery-swapping and charging networks. NIO shares rose 3.2%. Source: Reuters.
• Northern Star rejects $27B bid: Northern Star (ASX:NST) rejected a $27.2B takeover proposal from Gold Fields (GFI), saying it undervalued the company despite a 22% premium. Northern Star shares rose 6.15% on Monday, while Gold Fields fell 15.5%. Sources: WSJ / CNBC.

• Oil surges as Iran talks stall: Brent crude jumped 4% to $108.48 after Trump rejected Iran’s conditional offer to reopen the Strait of Hormuz. Reports that U.S. strikes could resume after the midterm elections heightened concerns over prolonged supply disruptions. Source: CNBC.
• Treasury yields climb, gold & silver fall: The 10-year U.S. Treasury yield rose above 5.20% as higher oil prices and persistent inflation pressured global bonds. The 2-year yield approached 4.91%. Gold futures fell 3.3% to $4,177, while silver dropped 5.1% to $61.52. Sources: CNBC / CNBC.
• China’s industrial profit growth slows: Industrial profits rose just 4.2% in August, down from 11.2% in July and marking their weakest growth this year, amid weak demand and rising energy costs. Source: Reuters.
• Diamond prices hit record lows: Natural diamond prices have fallen 51% since 2021 amid oversupply and growing demand for cheaper, lab-grown alternatives. Source: CNBC.

• Trump rejects ceasefire proposal: Trump said he expects U.S.-Iran talks to resume this week despite rejecting Tehran’s ceasefire proposal. Iran remains open to diplomacy but ruled out direct talks. Source: CBS.
• U.S.-China summit results: Trump and Xi agreed to lower tariffs on $60B in goods, but set no implementation date and delayed a broader trade deal. Analysts cited persistent differences over investment, rare earths, and Taiwan, despite improved diplomatic engagement. Source: Reuters.
• U.K. foils suspected airbase attack: British police arrested 5 men over a suspected terror plot near RAF Fairford, a base used for U.S. strikes on Iran. The incident prompted 85 household evacuations and raised security concerns. Sources: NY Times / BBC.
• Deadly floods hit India and Nepal: Floods and landslides killed 56 people in India and 14 in Nepal, with 11 more missing. More than 1,000 homes were damaged in India. Source: Reuters.
• Mass shootings shake South Africa: Within one week, 38 people were killed in mass shootings in Cape Town, Johannesburg, and Durban. The attacks highlight escalating security concerns in a country already struggling with one of the world's highest murder rates. Source: NPR.
• Trump cancels $810M in spending: The Trump admin. is withholding $810M in congressionally approved funding, including $567M for refugee and immigrant services. The GAO considers the maneuver illegal, intensifying a dispute over Congress’s spending authority. Source: NPR.

• 10:30 AM: Dallas Fed Manufacturing Index
• Tuesday: JOLTs Job Openings
• Wednesday: Core PCE Price Index MoM, GDP Growth Rate QoQ Final, Personal Income and Spending MoM
• Thursday: ISM Manufacturing PMI
• Friday: Non-Farm Payrolls, Unemployment Rate

• There are no major recent earnings to report today, but you can check the earnings calendar for a complete list.

Jefferies Financial Group (JEF) will report today after close.

• Analysts estimate revenue of $2.20B (+7.41% YoY).
• EPS is estimated to be $1.01 (0.00% YoY).
• Financials · As Reported · Metrics

Carnival Corporation (CCL) will report tomorrow before market open.

• Analysts estimate revenue of $8.39B (+2.92% YoY).
• EPS is estimated to be $1.35 (-5.59% YoY).
• Financials · As Reported · Metrics

CarMax (KMX) will report tomorrow before market open.

• Analysts estimate revenue of $6.99B (+5.95% YoY).
• EPS is estimated to be $0.70 (+9.38% YoY).
• Financials · As Reported · Metrics

AAR Corp. (AIR) will report tomorrow after market close.

• Analysts estimate revenue of $880.35M (+19.03% YoY).
• EPS is estimated to be $1.29 (+19.44% YoY).
• Financials · As Reported · Metrics

Micron Technology (MU) will report Wednesday.

• Analysts estimate revenue of $51.13B (+351.89% YoY).
• EPS is estimated to be $31.50 (+939.60% YoY).
• Financials · As Reported · Metrics

Jabil (JBL) will report Wednesday.

• Analysts estimate revenue of $9.68B (+17.30% YoY).
• EPS is estimated to be $4.02 (+22.19% YoY).
• Financials · As Reported · Metrics

Accenture (ACN) will report Thursday.

• Analysts estimate revenue of $18.03B (+2.45% YoY).
• EPS is estimated to be $3.18 (+4.95% YoY).
• Financials · As Reported · Metrics

Nike (NKE) will report Thursday.

• Analysts estimate revenue of $11.35B (-3.19% YoY).
• EPS is estimated to be $0.44 (-10.20% YoY).
• Financials · As Reported · Metrics

• Estimated Wednesday, Sept. 30: Accelevation Holdings Corp. (ACCV), an AI infrastructure provider with $726.64M in TTM revenue and 146.9% revenue growth YoY.
• Estimated Wednesday, Sept. 30: Oura Inc. (OURA), the maker of the Oura Ring, a company with $1.42B in TTM revenue and 123.2% revenue growth YoY.
• Estimated Wednesday, Sept. 30: Siyata PTT (PTT), a maker of cellular-based communications solutions with $11.15M in TTM revenue and -4.2% revenue growth YoY.