US market wrap: Iran strike readiness, OPEC+ output likely unchanged Sunday
Trump said the US is ready for more strikes on Iran. OPEC+ is expected to keep its oil output policy unchanged Sunday. Other headlines include semiconductor tariff preparations, Fed/Williams yield comments, and Fed/BoC tariff review chatter.
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Trump said the US is ready for more strikes on Iran. OPEC+ is likely to keep oil output policy unchanged on Sunday. US is readying tariffs on semiconductors, Lutnick said. Trump met with travel industry CEOs on a tourism push.
Fed's Williams said the yield surge was due to strong economic prospects. Bank of Canada mulls Trump tariff shock as it holds interest rates. Carney govt to extend gas tax holiday into the new year, sources say. No budget deal without new EU taxes, Costa warned.
EU and NATO vowed to step up pressure on Russia. Chevron and Eni lead wave of deals to boost Venezuela oil output. Prediction market Kalshi to file for US crude oil 'perps', source says. Google defeats US bid to force ad tech sale.
Uber to axe 10% of its workforce in biggest cuts since pandemic. Lutnick said Anthropic is "back on the right side" with Trump admin. CrowdStrike, OpenAI expand partnership. PG&E launches strategic review and defers $2B in 2027 spending.
Barrick is said to weigh delaying North America gold IPO to 2027.