News

UBS Group: Lowered its price target for U.S. Bancorp (USB.N) to $64 from $66. It also lowered its price target for Wells Fargo (WFC.N) to $102 from $104.

U.S. Agriculture Secretary: We are looking for ways to reduce diesel costs.

U.S. Agriculture Secretary: President Trump will announce more relief measures today.

S&P Global Ratings: Nike (NKE.N) is undergoing a lengthy business transformation and is expected to experience a significant decline in cash flow.

S&P Global Ratings downgraded Nike's (NKE.N) credit rating to "A" with a "negative" outlook.

Market news: Citigroup (C.N) has shortened the duration of its investment banking analyst program to two years.

Indian Foreign Minister: India is in consultation with Russia and Ukraine to ensure the safe passage of food and fuel shipments from the Black Sea.

Critical Metals shares surged 12% in pre-market trading after the company received approval from Greenland for mining and closure plans at its Tanbreez project.

The Federal Aviation Administration (FAA) has lifted the grounding order at Atlanta airport, stating that the problem has been resolved.

According to Sky News, negotiations between Sainsbury's and Morrisons are believed to have ceased.

According to Sky News, British supermarket chain Sainsbury's held talks with Morrisons earlier this year regarding a merger.

British police say 12 people have been arrested and remain in custody after a disorderly conduct incident in Gosport on Sunday.

The Federal Aviation Administration (FAA) issued a grounding order in Atlanta due to equipment malfunction.

According to flight tracking website Flightradar24, British Airways flight BA295 issued a 7700 emergency code en route from London to Chicago and descended to an altitude of 9,000 feet over Ireland.

Canada's national economic confidence index as of October 2 was 50.5, compared to 50.9 previously.

The U.S. National Hurricane Center reports that there is a 30% chance that the storm near the southwestern Gulf of the United States will develop into a cyclone within the next 48 hours.

Spain's IBEX 35 index rose by 1.00% on the day.

Market news: German unions are demanding a 6% pay rise from private banks.

According to Reuters, sources say India is investigating a surge in soybean imports labeled as originating from Niger, suspecting the soybeans were mislabeled to circumvent import duties. Indian customs is demanding original documentation from soybean importers to prove the goods originated in Niger. Data shows that India imported 380,868 tons of soybeans declared as originating from Niger from January to July, compared to zero in the same period last year.

Ukrainian President Zelenskyy: Informed Tusk of the possible US-led peace talks.