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Tesla Roadster Reservations Reopen September 21 Ahead of October 1 Unveil
Tesla reopens $50,000 Roadster reservations ahead of October 1 unveil in Waco. Buyers must deposit $5,000 upfront and wire $45,000 within 10 days. Production expected 2027 or 2028.
Iran Sets Seven Conditions for US Talks as Strait of Hormuz Stays Closed
Iran demands seven conditions to end US war, including lifting naval blockade and ending fighting on all fronts. Parliament speaker says Strait of Hormuz stays closed until terms are met.
BMW iX3 Hits 100,000 Orders as Hungarian Factory Runs Round-the-Clock
BMW iX3 reaches 100,000 orders in Europe. Factory runs 24/7 with three shifts. US deliveries begin early. Meyka grades BMW.DE a B with €72.62 yearly forecast.
Houthis Seize Red Sea Strait as Italy Deploys Navy on September 19
Houthis control Bab al-Mandeb Strait after September offensive. Italy deploys navy independently. 12% of global trade at risk as shipping costs soar and regional conflict escalates.
Social Security COLA Set to Rise 3.5% in 2027, Boosting Average Check by $68
Social Security COLA forecast for 2027 shows 3.5% increase, raising average monthly benefits by $67.90. Official announcement set for October 14, with payments beginning January 2027.
Warren Buffett Steps Down as Berkshire Chairman; Son Howard Takes Over
Warren Buffett steps down as Berkshire Hathaway chairman after 56 years. His son Howard takes over. Buffett, 96, cites age and CEO Greg Abel’s success.
Converse Apologizes for Ads Compared to KKK and Lynching Imagery
Converse apologized after ads featuring K-pop star Karina and a Palmes collaboration drew KKK and lynching comparisons online. The company removed the images and pledged to do better.
Billionaire Portelli Flees Australia for Dubai Over Tax Crackdown
Billionaire Adrian Portelli moves to Dubai, citing Australia’s harsh tax settings and regulatory burden. He warns the country is chasing away success and driving out entrepreneurs.
Bank of Japan Raises Rates to 31-Year High on September 18, Pressured by US and PM
Bank of Japan raises rates to 1.25%, a 31-year high, on September 18. Governor Ueda faces pressure from US officials and domestic politics as the yen weakens despite the hike.