Apple introduced the $1,999 foldable iPhone Duo powered by a 2nm A20 Pro chip, pitching on-device AI as a core feature. The U.S. Justice Department opened an investigation involving Nvidia, and Anthropic acknowledged a fourth loss-of-control incident involving its Claude model. California set up a registration system for AI auditors, and a verification vendor said more than 150 million driver’s license records were stolen from its cloud.

New York copper futures settled at a record $6.89 a pound on Wednesday before sliding 5% on Thursday. Mine supply is tightening, with preliminary International Copper Study Group data showing global copper mine output fell 1.1% year over year in the first half of 2026, including a 6.6% drop in Chile. At the same time, demand is being boosted by the AI boom, while a 50% U.S. tariff on semifinished copper products is adding uncertainty. Copper is up more than 15% this year and has climbed 40% over the past 12 months.

Macy’s reported fiscal second-quarter net income of $169 million, with adjusted earnings of 40 cents per share and adjusted revenue of $4.87 billion, topping Wall Street expectations. The company’s revenue was $5.06 billion for the period. Macy’s kept its full-year earnings forecast at $2.15 to $2.35 per share. It also maintained its full-year revenue outlook of $21.68 billion to $21.83 billion.

US producer prices rose 5.4% in August from a year earlier, up from 4.8% in July, while the index increased 0.4% from July to August. Oil prices climbed above $100 a barrel amid renewed fighting in the Middle East, and regular gasoline has surged 44% since late February, according to AAA data. Core producer prices, excluding food and energy, rose 0.2% over the month, adding to questions about how sticky inflation could factor into the Federal Reserve’s next rate decision.

The Indian government has asked sugar mills to submit monthly production and sales data to help keep supplies adequate during the festival season and stabilise retail prices. Average sugar prices are up 39% year on year to Rs 60.2/kg, while urban retail prices have crossed Rs 65/kg. Sugar output in the current year has fallen 27% to about 28.1 million tonne, and the food ministry has received applications to import 0.8 million tonne under a duty-free quota of 1 MT.

Precious metals slid sharply on September 10, with Comex gold down 1.68% to below $4,386 an ounce and silver plunging 5.37% to near $65 an ounce. The Dollar Index rose to 95.46 while Brent crude climbed above $102 a barrel. U.S. Treasury yields also moved higher, reinforcing inflation concerns and expectations of tighter Federal Reserve policy, which weighed on bullion.

Oil prices rose to their highest level since May, with Brent crude topping $105 a barrel as the war with Iran continues to disrupt global crude supplies. The move has intensified inflation worries and added pressure in the bond market, weighing on U.S. stocks in Thursday trading. The S&P 500 fell 0.6% for a fourth straight decline, while the Dow dropped 300 points and the Nasdaq slid 0.9%.

A hotter-than-expected U.S. producer price index (PPI) reading for August reinforced expectations that the Federal Reserve could raise interest rates this month, pushing the three major U.S. stock indexes lower at Thursday’s open. Escalating tensions in the Middle East also lifted oil prices above $100 a barrel, adding to inflation concerns and weighing on sentiment.