A coalition of Chicago journalists, organizations and protesterssued President Trump and top administration officials over federal agents' "pattern of extreme brutality" at a local Immigration and Customs Enforcement facility.
President Trump said on Monday that he has "sort of made a decision" about selling long-range Tomahawk missiles to NATO countries in order for them to be supplied to Ukraine.
Why it matters: Ukraine claims the Tomahawks would give it the ability to hit military targets deep inside Russia and help in deterring Russian leader Vladimir Putin and getting him to the negotiating table on better terms.
The S&P 500 could rally to 7,750 by the end of next year —a 15% gain from current levels — and there's a 30% chance that the benchmark stock index could even reach 9,000 by then, says Evercore ISI, a Wall Street research firm.
Why it matters: Wall Street thinks the AI-driven bull market has plenty of upside ahead before a potential pop sends asset prices tumbling.
Holiday shopping is starting early. Target's Circle Week is live and Amazon's Prime Big Deal Days and Walmart's Deals event launch Tuesday — as tariffs and economic jitters spark an October shopping sprint.
Why it matters: The early blitz shows how retail giants are front-loading deals to reach cautious consumers.
There's a new Midas in the stock market, and its name is OpenAI.
Why it matters: The company is becoming a powerful kingmaker in the AI economy as investors heap rewards onto anyone who partners with the ChatGPT creator.
The numbers "6" and "7" have become an efficient generational litmus test: if the digits inspire an echo and a hand gesture you're likely Gen Alpha, and if you're thinking that 7 "8" 9, you're probably not.
The big picture: Social media trends invading classrooms isn't new — and children baffling the adults around them is a time-honored dynamic. But the ubiquity of "6-7" is leading some schools to simply ban the use of the phrase, some teachers are sharing on TikTok.
President Trump said Monday young people "owe [him] big" because he "saved TikTok" after keeping the platform online all year, even though a law banned the app in January.
Why it matters: The president's message follows last year's bill passed by Congress, and signed into law by former President Biden, banning the app in the U.S. unless ByteDance, the app's Chinese parent company, sold it.
Arby's is turning steak into a finger food with its nationwide debut of Steak Nuggets — "hand-cut, bite-sized morsels of steak."
Dig in: The Atlanta-based chain known for "the meats" is attempting to carve out a new niche in the chicken-nugget-and-tender dominated world of quick bites.
President Trump said on Monday that trucks imported into the U.S. would be hit with a 25% tariff rate starting on Nov. 1.
Why it matters: The previously telegraphed tariffs are the latest blow to the global automakers, whose trucks had previously skirted sector-wide tariffs.
OpenAI on Monday announced a new approach to apps within ChatGPT. The company says it will make it easier for developers to reach users and earn revenue.
The big picture: OpenAI launched custom GPTs and its ChatGPT store at its first developer event in 2023.
Massive single-day stock pops are becoming a regular occurrence for AI stocks. On Monday, AMD soared nearly 40% off a multibillion-dollar AI data center partnership with OpenAI, mirroring gains seen after Oracle's earnings.
Why it matters: These record one-day rallies are looking frothy as investors continue worrying about an approaching AI bubble.
Bari Weiss, the new editor-in-chief of CBS News, outlined in a note to staff Monday 10 principles that will guide her leadership as the newly named editor-in-chief of the storied news network moving forward.
Why it matters: The memo, which followed CBS parent Paramount Skydance's announcement of its acquisition of her news site The Free Press, emphasizes clinical, non-partisan journalism, but CBS News staffers have expressed concerns about whether the network is being politicized.
China's low-emissions tech exports hit fresh records in August on the strength of surging EV and battery shipments, data from the climate think tank Ember shows.
Why it matters: It's the latest sign of what some analysts call emerging divides between "electro-states" and "petro-states" — with White House policy solidifying U.S. placement in the latter camp.
International corporate reputation monitor Merco, a reference in methodology and ethics, has been conducting business and leader rankings around the world for 25 years — and now it's expanding to the U.S., starting in Texas.
Why it's important: According to a recent study by KPMG, 76% of CEOs worldwide would make key business decisions based on reputational risk.
And Texas has nationwide impact — data from the Bureau of Economic Analysis shows Texas is the ninth largest economy by GDP in the world.
International corporate reputation monitor Merco, a reference in methodology and ethics, has been conducting business and leader rankings around the world for 25 years — and now it's expanding to the U.S., starting in Florida.
Why it's important: According to a recent study by KPMG, 76% of CEOs worldwide would make key business decisions based on reputational risk.
And Florida companies have nationwide impact — data from the Bureau of Economic Analysis shows Florida is the fourth largest state by GDP in the U.S.
OpenAI will spend billions of dollars on AMD's chips in a new multiyear deal announced Monday, with the ChatGPT-maker potentially taking up to a 10% share of the U.S. semiconductor firm.
Why it matters: The AI revolution has an unquenchable hunger for computing power, and OpenAI is trying to lock down suppliers beyond market leader Nvidia.
Paramount Skydance has acquired The Free Press, a digital media outlet founded by former New York Times writer and editor Bari Weiss, the companies said Monday.
Why it matters: As part of the deal, Weiss will take on the role of editor-in-chief at CBS News, which could dramatically shape how the storied newsroom covers major topics, including the Israel-Gaza war.
U.S. shoppers will spend $253.4 billion online this holiday season, up 5.3% year-over-year, according to Adobe's new forecast out Monday.
Why it matters:Tariffs and inflation are squeezing budgets, but shoppers will lean on discounts, flexible payments and AI-powered tools to stretch their dollars, Adobe said.
Fifth Third announced Monday that it would acquire Comerica for $10.9 billion in stock in a deal that would create the nation's ninth-largest bank.
Why it matters: The merger could be the start of a long-anticipated consolidation among the bigger regional banks. It also reflects an expectation that the Trump administration will look more favorably on such deals.
American Express has formally stepped into the booming commerce media industry with the launch of Amex Ads, executives exclusively tell Axios.
Why it matters: The move reflects a growing trend of companies with first-party data and their own platforms pursuing advertising to drive new revenue.
After a year of mixed economic signals and policy uncertainty, Wall Street strategists are growing more optimistic the economy will rev up in 2026.
Why it matters: Easier credit and less policy uncertainty are going to create favorable conditions for the economy next year, according to strategists and analysts, even if labor market data is painting a murky picture for growth.
More than half of Jewish Americans say they've faced antisemitism in the past year — and most now see it as a routine part of Jewish life, according to a new survey marking the anniversary of the Oct. 7 terrorist attacks.
Why it matters: The findings released Monday by the Anti-Defamation League (ADL) and Jewish Federations of North America underscore how rising antisemitic incidents have reshaped life for Jewish Americans, two years after Hamas' Oct. 7 attack reignited tensions worldwide.
Retail investors are shifting away from the Magnificent 7 stocks in favor of riskier AI plays, according to Charles Schwab's Trading Activity Index known as the STAX, which tracks the retail trading activity of millions of customers.
Why it matters: The Mag 7 moment is nowhere near over, but that basket of seven Big Tech stocks may be losing its popularity among retail investors.
OpenAI's new Sora app is sparking intense reactions — delighting some users and alarming others who see it as another tool undermining truth and human creativity.
The big picture: Despite the polarized response, the Sora moment is likely to be another step in society's grudging adjustment to AI, akin to past reactions to ChatGPT's image generator and, three years ago, to the debut of the chatbot itself.
