Stay Updated with the Latest Summit Industrial Income REIT SMU-UN.TO News in Real Time
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Nasdaq Surges 2% to Record as Tech Stocks Rally on Oil Decline
Nasdaq hits record high with 2.26% gain as tech stocks surge and oil prices fall 4.5%. S&P 500 posts best day since early August amid AI rally and geopolitical optimism.
Newark Airport Chaos: 900+ Flights Canceled After Cable Cut on September 21
A construction crew cut a fiber-optic cable in New Jersey, knocking out air traffic control at five Northeast airports. Over 900 flights canceled, 5,000 delayed. Operations resumed Monday evening.
Wendy’s Largest Franchisee Files Chapter 11 as Beef Costs, Discounts Crush Margins
Meritage Hospitality, one of Wendy’s largest franchisees with 314 locations, files for Chapter 11 bankruptcy citing 48% earnings collapse, beef inflation, and weak marketing under prior leadership.
Australia’s Deaths to Outnumber Births by 2060s, Treasury Warns
Australia’s 2026 Intergenerational Report shows deaths will outnumber births by the 2060s as fertility falls to 1.34 children per woman. Real GDP growth per person projected at 1.2% over 40 years.
Trump Creates ‘AI Force’ and Names Czar as Industry Rejects Safety Slowdown
Trump announces ‘AI Force’ and AI czar appointment on September 19, rejecting industry safety concerns as a hoax. Nvidia CEO Jensen Huang emerges as his top AI policy ally.
Bittensor USD Surges 13.5% to $263.59 After Breaking $255 Resistance
TAOUSD jumped 13.5% to $263.59 on strong volume and a technical breakout above key resistance, backed by sector rotation into AI assets.
Realty Income Jumps on €528M KKR European Deal; Meyka Grades O a B
Realty Income partners with KKR on €528M European real estate deal. AFFO guidance raised to €4.44-€4.45 per share. Meyka grades O a B with 5.7% dividend yield.
Steel Tycoon Sanjeev Gupta’s Empire Collapses: 500 Jobs Lost at Whyalla
Sanjeev Gupta’s steel empire collapses with 500 job losses at Whyalla. Investigative journalist Paul Barry’s book reveals how the tycoon fooled governments and creditors across the world.
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.