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Economy News 27 September 2025 - 13 October 2025

AI Frenzy Fuels Record Wall St Rally as Shutdown Drags On – Key Market News (Oct 6-7, 2025)

Stock Market Today 13.10.2025

Honeywell Forecasts $283 Billion in Global Business Jet Deliveries Over Next Decade October 13, 2025, 10:11 PM EDT. Honeywell’s 34th annual Global Business Aviation Outlook projects 8,500 new business jet deliveries worth about $283 billion over the next decade, the highest value ever. The forecast implies an average annual growth rate of around 3% in deliveries, signaling sustained demand despite macro/geo uncertainties. For 2026, deliveries are expected to rise about 5% from 2025. Regionally, North America should dominate with roughly 70% of next three years’ deliveries, followed by Europe ~14%, Latin America ~7%, and Asia-Pacific ~5%, with Middle East &
13 October 2025
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Tariff Shock: Iconic 169-Year-Old Orvis Slashes 36 Stores

Tariff Shock: Iconic 169-Year-Old Orvis Slashes 36 Stores

Orvis’s announcement on Oct. 10, 2025 took many by surprise. The Boston Globe and Fox Business report that Orvis – one of America’s oldest outfitters – will shutter 36 stores by early 2026 bostonglobe.com retaildive.com. In a statement, Orvis President Simon Perkins explained that “changes in US trade policy had … caused a sizable shift” in the company’s model bostonglobe.com. He said the firm must “rescale the business by tightening our assortment and reducing our corporate store footprint” to ensure “a durable brand and model for decades to come” bostonglobe.com fox10phoenix.com. As Perkins put it, Orvis is “returning to our
12 October 2025
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AI Frenzy Fuels Record Wall St Rally as Shutdown Drags On – Key Market News (Oct 6-7, 2025)

Stock Market Today 12.10.2025

Sorkin warns: Stock market shows 1929-like signs amid AI boom October 12, 2025, 7:53 PM EDT. Financial journalist Andrew Ross Sorkin warns that today’s Wall Street mirrors the 1929 era, where highs preceded a devastating crash. He credits an AI- and technology-driven boom for recent gains but cautions it may be a temporary sugar rush rather than a durable recovery. Valuations, he suggests, could be overpriced and markets may be riding a fragile buoyancy. The piece contrasts today’s surge with the 1920s’ rapid credit expansion, including buying on margin, that helped fuel speculative excess. Sorkin says a crash is likely,
12 October 2025
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Trump’s Tariff Tsunami: 100% Drug Tax and New Import Levies Rock Global Trade

Trump’s Shutdown Showdown: Troops Promised Pay as Thousands of Feds Face Layoffs

Political Blame and Messaging Each side blames the other. President Trump accuses Democrats of holding the military “HOSTAGE with their dangerous Government shutdown,” and vows “we will not allow” the troops to go unpaid reuters.com. Senate Minority Leader Chuck Schumer retorts that Republicans are the ones “feeling the heat” for causing the shutdown federalnewsnetwork.com. Near the Capitol, union leader Randy Erwin (National Fed. of Fed. Employees) put it plainly: “Congress, do your damn job,” he told reporters federalnewsnetwork.com. Democrats accuse House Republicans of unnecessarily dragging out the funding stalemate, while Republicans say Senate Democrats refuse to fund the government without
11 October 2025
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Stock Market Today 11.10.2025

Stock Market Today 11.10.2025

Ferrari Stock Dives 16% After EV Unveil; Electrification Push and Mixed Guidance October 11, 2025, 7:24 PM EDT. Ferrari (NYSE: RACE) showed a peek at its first full-electric supercar due in 2026, while outlining a €4.7 billion electrification push through 2030. The company raised 2025 guidance even as long‑term targets looked weaker, yet the stock tumbled about 16% in its biggest one‑day drop since the IPO in 2015. Investors weighed Ferrari’s luxury moat and margin potential against rivals delaying BEV launches amid softer demand. Ferrari projects BEVs to make up about 20% of sales by decade’s end, with hybrids already
11 October 2025
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Diesel Down, Petrol Up: South Africa’s Fuel Price Shake-Up in October 2025

Diesel Down, Petrol Up: South Africa’s Fuel Price Shake-Up in October 2025

October 2025 Fuel Price Changes: Petrol vs Diesel South African motorists woke up to mixed fortunes at the fuel pumps in early October 2025. The Department of Mineral Resources and Energy (DMRE) confirmed official fuel price adjustments effective Wednesday, 1 October 2025, and the outcome was a split decision for petrol and diesel users. Petrol prices saw a slight uptick, whereas diesel prices received a small cut businesstech.co.za. According to the announcement, the price of 93-octane petrol increased by a marginal 1 cent per litre, and 95-octane petrol rose by 8 cents per litre businesstech.co.za. In contrast, diesel 0.05% (500ppm)
6 October 2025
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Shutdown Drags On But Wall Street Hits Records – Here’s What’s Driving Markets

Shutdown Drags On But Wall Street Hits Records – Here’s What’s Driving Markets

Key Takeaways Market Performance: Rally Continues Amid Uncertainty Wall Street extended its rally in the face of political gridlock. Last week, the S&P 500 and Dow each rose ~1.1%, and the Nasdaq gained 1.3%, with the S&P and Dow closing at record highs on Friday reuters.com. Monday’s trading opened on a strong note as well – S&P 500 futures were up about 0.3% early in the day, on track to add to those gains reuters.com. “It certainly feels like momentum is on the side of investors over the last few days,” said Mona Mahajan, head of investment strategy at Edward
6 October 2025
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Record Highs, AI Hype, and a Shutdown: Key Takeaways from U.S. Stock Markets (Oct 3–4, 2025)

Record Highs, AI Hype, and a Shutdown: Key Takeaways from U.S. Stock Markets (Oct 3–4, 2025)

Market Overview: Indices Reach New Highs Amid Shutdown Wall Street’s major indexes extended their rally into the first days of October, defying the political gridlock in Washington. On Friday, October 3, the benchmark S&P 500 edged up less than 0.1% to 6,715.79, just enough to mark a record closing high reuters.com. The Dow Jones Industrial Average climbed 0.5% to 46,758.28, also a record finish reuters.com. Meanwhile, the Nasdaq Composite slipped about –0.3% to 22,780.5, snapping its winning streak as some tech shares weakened reuters.com. Notably, all three indexes had hit intraday all-time highs during Friday’s session before a bit of
4 October 2025
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Government Shutdown Panic: Stocks Tumble, Jobs Data Vanish & Millions Brace for Impact

Government Shutdown Panic: Stocks Tumble, Jobs Data Vanish & Millions Brace for Impact

How the Shutdown Happened As the Sept. 30 spending deadline loomed, Congress remained deadlocked. The Republican-led House had passed a “clean” Continuing Resolution to extend funding (through Nov. 21 at existing levels), but Senate Democrats refused to back it without adding policy changes, chiefly extensions of Affordable Care Act (ACA) insurance subsidies and undoing GOP Medicaid cuts reuters.com theguardian.com. Senate Majority Leader John Thune tried (and failed) to invoke cloture on both the House GOP plan and a Democratic proposal that would fund through October with health-care add-ons. Neither measure secured the 60 votes needed, and the Senate adjourned without
1 October 2025
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Government Shutdown Showdown Rocks Markets as Stocks Rise and Gold Soars

Government Shutdown Showdown Rocks Markets as Stocks Rise and Gold Soars

Shutdown Stalemate in Washington The U.S. Capitol dome at sunset on Sept. 29, 2025, as Congress fails to reach a budget deal ahead of the deadline.As of Sept. 30, the federal government was hours from running out of funding amid a bitter political standoff. Lawmakers have been wrangling over a stopgap spending bill to extend funding into the new fiscal year (which begins Oct. 1) but failed to reach an agreement by Tuesday’s deadline reuters.com. In a high-profile White House meeting on Sept. 29, President Trump met with top Republicans and Democrats in a last-ditch effort to avert a shutdown
30 September 2025
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Nasdaq Rally Amid Tech Frenzy: Markets Brush Off Shutdown Fears in Late September 2025

Nasdaq Rally Amid Tech Frenzy: Markets Brush Off Shutdown Fears in Late September 2025

Key Facts: Market Performance Overview On Monday Sept. 29, U.S. stocks closed solidly higher, with the Nasdaq Composite up ~0.48% to 22,591.15 and the S&P 500 +0.26% reuters.com reuters.com. Tech shares drove the rally: investors continued “to buy heavyweight technology stocks” reuters.com. The Dow Jones rose ~0.15% on the session reuters.com. Futures for Tuesday’s open were essentially flat, as traders awaited the government funding deadline and key data (Tuesday’s consumer confidence and JOLTS report) tipranks.com. Major Nasdaq stocks played a starring role. Nvidia shares led chip stocks, rising about 2% investopedia.com (continuing a recent record run on AI demand). Apple
30 September 2025
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Iran’s Rial Crisis Deepens: USD Soars Past 1.08 Million on Black Market Amid Sanctions Fears (قیمت دلار)

Iran’s Rial Crisis Deepens: USD Soars Past 1.08 Million on Black Market Amid Sanctions Fears (قیمت دلار)

Official vs. Black-Market Rates in Iran Iran’s currency regime is highly tiered. State-backed exchange systems (for imports of essentials) quoted about 561,700 rials per $1 on Sept 27 trend.az. In currency shops (the SANA system) and the NIMA forex platform, $1 was around 692,500–719,800 rials during Sep 25–27 trend.az trend.az. By contrast, the free (open) market rate was vastly weaker – ~1,050,000–1,085,000 rials per $1. Bonbast and alanchand trackers showed prices spiking to ~1,085,500 IRR (108,550 tomans) on Sept 26 intellinews.com criticalthreats.org and holding above 1.08 million on Sept 27 trend.az trend.az. In short, Iranians needed roughly twice as many
27 September 2025
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