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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.
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.
Amazon Drops 2.5% as FTC Sues Over $20B Ad Surcharge Scheme
FTC and 22 states sue Amazon for allegedly manipulating ad auctions with hidden surcharges costing advertisers $20 billion. Stock falls 2.5% as legal pressure mounts.
Scalable Capital Raises Savings Rates to 2.60% on September 1, 2026
Scalable Capital raises overnight account interest to 2.60% p.a. and launches fixed-term accounts at up to 3.00% p.a. as of September 1, 2026. Full details on rates, deposit protection, and how it compares to competitors.
Sony Faces California Lawsuit Over Digital Game Ownership Claims
Sony faces a class-action lawsuit in California over digital game licensing. Plaintiffs argue PlayStation Store’s “Buy Now” language violates state law requiring clear disclosure that digital purchases are licenses, not ownership.