UAE is selling Saudi oil in a rare move, document shows - Reuters

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• Elon Musk was half-right in his comment last week about SoftBank back-pedaling on a gas-turbine order

  Disclosures made during SoftBank's recent second-quarter earnings report on Tuesday have confirmed recent social media claims regarding its capital expenditures. While the Japanese investment company was said to have defaulted on a purchase, financial records show it actually back-pedaled on the acquisition. This development clarifies the corporate purchasing status of critical energy generation equipment.

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• The average cost for a new vehicle in the U.S. hits a record high: over $51,000

  Sustained supply chain bottlenecks, tariffs, and growing consumer demand for premium trims continue to pressure buyers nationwide. Compounding these record sticker prices, strict Federal Reserve monetary policy has driven borrowing costs sharply higher across both new and pre-owned sectors. The resulting affordability squeeze falls hardest on entry-level consumers who lack existing vehicle equity to offset their financing.

  6 min read
• Filing: Alibaba says its chip design unit T-Head filed on September 11 for a Hong Kong listing after exchange clearance; T-Head is set to remain a subsidiary (Foster Wong/Bloomberg)

  The Chinese technology giant is advancing the public market debut of its semiconductor business following regulatory approval from the local bourse. This move allows the parent corporation to raise capital for specialized hardware development while maintaining controlling operational oversight. Investors are closely monitoring how the organizational restructuring impacts the broader semiconductor ecosystem.

  1 min read