Dow surges 0.96% on IPO market revival and strong economic data

S&P 500 up 0.84%, Nasdaq rises 0.81%

Arm shares soar 24.7% in major tech offering

Economic reports show controlled core inflation and robust retail sales in August

European Central Bank hikes rates but hints at easing inflation; U.S. Fed likely to keep rates unchanged

Adobe's quarterly results expected after market close

Full earnings calendar here

August wholesale inflation rises 0.7%, hotter than expected (more)

European Central Bank hikes rates to record level, hints at possible peak (more)

China accuses EU of ‘naked protectionism’ in fight for EV market (more)

For Saudi Arabia, $100-a-barrel oil is already here (more)

China’s military spending is much bigger than we thought (more)

Airlines warn higher costs will eat into profits (more)

Ray Dalio says he doesn’t want to hold bonds, cash ‘is good’ (more)

Hackers claim MGM cyberattack as outage drags into fourth day (more)

Luxury sector cut at Barclays, Deutsche Bank on China woes (more)

Manhattan median rent remains at record high of nearly $4,400 a month (more)

Shipping giant Maersk unveils world’s first vessel using green methanol (more)

Delta will make it harder to get into airport lounges, changes rules to earn elite status (more)

Tesla reinvents carmaking with quiet breakthrough (more)

Goldman Sachs fires Transaction Banking Chief and other leaders over lapses (more)

Kevin Hart’s tequila brand strikes deal with Philadelphia Eagles as spirits push deeper into sports (more)

Craigslist founder Craig Newmark is pouring millions of dollars into combating AI’s dark side (more)

Johnson & Johnson is getting rid of its script logo after more than 130 years (more)

ConocoPhillips signs 15-year LNG deal at Gate terminal in Netherlands (more)

Trucking firm Estes Express submits revised $1.525 billion bid for Yellow's shipment centers (more)

Apollo Global among suitors for IGT's global gaming division (more)

SocGen open to sale of Equipment Finance unit in strategy review (more)

Vista said to prepare for sale of sports data firm Stats Perform (more)

Databricks, a Data and AI company, raised over $500M in Series I funding which valued it at $43 billion (more)

EquipmentShare, an equipment and digital solutions provider serving the construction industry, raised additional $150M in Series E funding (more)

Unlock Technologies, a home equity investment technology company, received a $100M revolving credit facility (more)

Actio Biosciences, a biotechnology company, closed a $55M Series A financing (more)

Summus, a virtual health company, raised $19.5M in funding (more)

Exostellar, a provider of a cloud resource optimization and management platform, raised $15M in Series A funding (more)

Ometria, a provider of a customer data and experience platform (CDXP), received £8M from CIBC Innovation Banking (more)

Delos Insurance Solutions, an insurance protection company, raised $7.3M in Seed funding (more)

Sailes, an AI startup that developed patent-pending Sailebots to automate all points in the prospecting lifecycle, raised $5.1M in Series A funding (more)

Glass Health, a provider of an AI-powered clinical decision support platform, raised $5M in funding (more)

ReSeed, a regenerative nature based services provider, raised $4.6M in Seed funding (more)

Orbee, a technology service provider for the automotive industry, raised $4M in Series A funding (more)

Patronus AI, a provider of an automated evaluation and security platform that helps companies use large language models (LLMs) safely, launched out of stealth with a $3M in seed funding (more)

Spectro Cloud, a provider of a platform about Kubernetes management, received an investment from Qualcomm Ventures (more)

Nagraj Kashyap, Priya Saiprasad, and Samir Kumar announced the launch of Touring Capital, an SF venture capital firm focused on investing in the next generation of early-growth stage, AI-powered SaaS startups around the world (more)

Layer N, a developer of a scalable layer 2 blockchain, raised a funding round of undisclosed amount (more)

Taiwan’s WT buys Future Electronics for $3.8 billion amid probe of founder (more)

GI Partners acquires ASK4 (more)

Spark Hire, a provider of a video interviewing platform, acquired Chally, a talent assessment software provider (more)

GTCR, a private equity firm, acquired Foundation Source, a provider of philanthropy management solutions (more)

Singapore Central Bank bans Zhu, Davies over Three Arrow (more)

Pantera eyes mid-stage Crypto firms after valuations sink (more)

Bitcoin Fog case puts spotlight on Chainalysis Crypto tracing (more)

Polygon 2.0 — MATIC conversion to POL outlined in preliminary improvement proposals (more)