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US Trade Deficit Hits $88.6B in July as AI Chip Imports Surge
US trade deficit reached $88.6 billion in July 2026, up 24% from June. AI-driven demand for semiconductors and computers pushed imports to record highs while exports fell 2.1%.
Vance Says Iran Conflict Isn’t a War as US Strikes Continue, Midterm Pressure Mounts
VP Vance says the US-Iran conflict is not a war and won’t commit to a timeline for ending the six-month conflict that has killed 18 US troops and wounded 790 others.
Tesla Jumps 5.4% as Cybercab Event Draws Wall Street Attention
Tesla stock rose 5.4% to $376.37 on September 3 as the company held an invite-only Cybercab event in Austin showcasing its driverless robotaxi technology. Investors are watching for details on unit economics and deployment timelines.
Sony Faces $7.85M Payout as Court Approves Digital Game Settlement
Sony to pay $7.85 million in class-action settlement over PlayStation Store pricing. Court hearing set for October 15, 2026. Eligible US gamers who bought games between April 2019 and December 2023 may receive refunds.
NBA Strips Clippers of 5 Draft Picks, Fines Ballmer $30M Over Kawhi Scheme
NBA penalizes LA Clippers with five first-round draft picks, $30M fine, and one-year suspension of owner Steve Ballmer for salary cap circumvention involving Kawhi Leonard.
NBA Strips Clippers of Five Draft Picks, Fines $30M Over Kawhi Leonard Scandal
NBA penalizes LA Clippers $30 million and strips five first-round picks for salary cap violations involving Kawhi Leonard. Owner Steve Ballmer suspended one year.
Braith Anasta Quits Player Agent Role as NRL Cracks Down on Media Conflicts
Braith Anasta steps down as a player agent to focus on Fox League hosting after the NRL introduces stricter conflict of interest rules for media personalities.
Square Enix Stock Falls 6% After Denying Privatization Rumors on September 2
Square Enix Holdings (9684.T) denies privatization rumors after stock jumped 7%. Company states it is not considering going private. Stock falls 6% on September 2 after denial.
Sony Faces California Class Action Over Digital Game Ownership Disclosures
Sony argues in court filing that PlayStation Store disclosures adequately warn customers they buy licenses, not ownership. Four gamers sued over unclear labeling of digital purchases.