U.S. stocks fell across the board, with the Dow down 0.3%, the S&P 500 off 0.5% and the Nasdaq down 0.8%. Oil prices climbed, with Brent rising to around $105 a barrel and WTI moving above $100, adding to inflation concerns. Treasury yields also rose, with the 10-year up 8 basis points to 4.91% and the 30-year reaching 5.35%, setting fresh highs for the period.

A Xiaomi executive warned that smartphone prices will continue to rise in 2026 as the global chip shortage persists. Company data show the average replacement cycle has stretched from 9–12 months in 2017 to about four years, influencing development priorities for new devices such as the Redmi Note 17. The company said wider use of financing options is also reshaping how consumers buy phones as prices climb.

Donald Trump warned he would stop trading with countries where the United States runs a trade deficit if the Federal Reserve does not cut interest rates. He urged the central bank to lower rates immediately and said the U.S. should have the lowest interest rate in the world. With inflation and housing costs elevated, a Gallup Research poll in August found 74% of Americans think the economic outlook is worsening, up from 63% a year earlier.

Uber said it will cut around 3,300 jobs, equal to roughly 10% of its global workforce. The company also plans to reduce its number of managers by about 20%. The restructuring is aimed at cutting costs and increasing investment.

India’s retail sugar prices fell from a record high, with the national average easing to ₹64.33 per kg. The decline followed the government’s Aug. 20 decision to allow dutyfree imports of 1 million tonnes of raw sugar to boost domestic supply ahead of the festival season. The government has said exmill prices have dropped about 18%. Even after the pullback, retail prices are still 31% higher than a month ago and 39% above a year earlier.

U.S. stocks ended lower, with the Dow down 0.8%, the S&P 500 off 0.3% and the Nasdaq down 0.8%. The 30-year Treasury yield climbed back to around 5.25%, weighing on equities. On the earnings front, revenue rose nearly 6% to $187.9 billion and adjusted earnings were $0.81 per share, both ahead of expectations. Labor-market data was steady, with continuing claims falling to about 1.83 million.

U.S. stocks rose, but investors stayed cautious amid elevated oil prices, persistent inflation pressures and tensions around the Strait of Hormuz. Oil later steadied and eased slightly, with WTI near $81 a barrel and Brent around $87. Nvidia said it is working with six major asset managers to mobilize more than $500 billion of outside capital for AI infrastructure, and its shares rebounded more than 1% premarket. Separately, a survey showed small-business owners were upbeat about hiring plans, while Intel raised $15 billion through a share sale tied to AI and chip factory investment.

India’s retail sugar price has climbed to a record ₹50 per kg, nearly 9% higher than a year ago. To ensure adequate supply for the festive season, sugar mills plan to begin crushing 10–15 days earlier than usual. Traders estimate closing stocks at around 3.5 million tonnes, but if October consumption reaches 2.4 million tonnes, end-October inventories could drop to 1.1 million tonnes, underscoring tight supply.

McDonald’s reported second-quarter results showing U.S. comparable sales up just 0.8%, below the 1.06% increase analysts expected and slower than the 2.5% gain a year earlier. Adjusted earnings came in at $3.38 per share, slightly ahead of forecasts. Investors focused on the softer performance in its core U.S. market, sending the stock lower.