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The US economy grew at a 2.2% annual rate in the second quarter of 2026, up 0.7 percentage point from the prior estimate, and first-quarter growth was revised up to 2.5%, the BEA said.
Ohio-based Peoples Bancorp will acquire Maryland's Capital Bancorp in an all-stock deal valued at about $728.1 million, creating a bank with about $14 billion in assets.
Micron posted fiscal fourth-quarter revenue of $54.23 billion, up 379% from a year earlier, and forecast $61.5 billion for the current quarter as AI-driven memory demand stays tight.
The PCE price index rose 3.4% from a year earlier in August and core PCE rose 3.0%, both below forecasts, while consumer spending jumped 0.9%, the BEA reported.
A US ban on Canadian alcohol, whey and some motorcycles took effect on September 29, escalating a trade war that already includes 50% US tariffs and Canadian counter-tariffs.
Disney is laying off around 300 employees, mostly in human resources and technology, CNBC and Deadline reported, in the latest round of cuts under CEO Josh D'Amaro.
The Nasdaq rose 2.06% and the S&P 500 about 1.2% in the week to September 25, while small caps fell and the 10-year Treasury yield ended at about 5.18%.
The Bank of Japan raised its short-term policy rate to around 1.25% on September 18, citing a risk that underlying inflation overshoots its 2% target. Two board members dissented.
The Bank of England kept Bank Rate at 3.75% in a 6-3 vote, with three members backing a rise to 4% as Middle East conflict pushes energy prices and UK inflation higher.
The Federal Reserve raised its benchmark rate by 1/4 point to a 3.75%-4% range on September 16, saying inflation remains elevated. The vote was 12-0.
