Real-time News
Sources say British Prime Minister Burnham is considering whether to help Saudi Arabia fight off attacks by Yemens Houthi rebels, as Britain fears the escalating conflict will increasingly damage the British economy.According to Al Jazeera, the Iraqi Prime Minister stated that Iraq will not become a launchpad posing a threat to its neighbors.On September 15th, following Trumps statement that Ukraine and Russia had agreed not to attack each others energy targets, Ukrainian President Zelenskyy said on Monday that Ukraine was willing to cease attacks on Russia if its partners could ensure that Russia would not attack Ukrainian energy facilities, infrastructure, and food supply routes. Zelenskyy stated that Ukraine did not believe Russia was willing to abide by any relevant agreements. "The war must end. De-escalation measures against critical infrastructure could be a first step towards peace. We look forward to concrete arrangements from our partners."On September 15th, Bank of America equity strategist Savita Subramanian raised her target for the S&P 500. As one of Wall Streets most bearish strategists, her previous target was among the lowest of market analysts, but she still warned that the index remains vulnerable to interest rate risks. Subramanian raised her year-end forecast for the S&P 500 from 7100 to 7400. The new forecast level implies a 3.4% decline from Fridays closing level. Based on a compilation of forecasts from more than 20 strategists for the S&P 500 by the end of 2026, her prediction remains one of the most pessimistic views on Wall Street. She expects the S&P 500 to rise to 7800 over the next 12 months, only about 2% higher than the recent closing level. Subramanian stated on Monday, "We are entering a period of seasonal weakness, and in our view, the market correction has been delayed for too long."CrowdStrike (CRWD.O) shares rose 15% intraday, hitting a record high.
