Business & Markets — September 5, 2026

Trump ties trade threats to Fed rate cuts. President Trump demanded the Federal Reserve cut interest rates Friday, threatening to halt trade with countries running trade deficits with the U.S. unless the central bank acts.

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Anthropic IPO shifts to mid-October. Sources told Reuters Anthropic will begin marketing its IPO in mid-October, completing the roughly $2 trillion listing days before the November midterms.

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Diesel hits record $5.85 per gallon. US diesel prices reached an all-time high average of $5.85 per gallon. The Ukraine and Iran wars knocked out refining capacity, raising inflation concerns for shippers and consumers.

The AP attributes the record to supply disruption rather than demand: the wars in Ukraine and Iran have knocked out refining capacity, tightening fuel availability. Because diesel powers freight and shipping, the report says the price surge is stoking broader inflation worries, with higher transport costs expected to reach consumers as well as the companies that move goods.

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Regulators open Tesla Cybercab safety probe. NHTSA opened an investigation into Tesla's steering-wheel-free Cybercabs Friday, hours after the company put its first production models on Austin roads; Tesla shares fell 6%.

The timing stands out: federal regulators acted within hours of the vehicles entering service, a day after Tesla promoted the taxi launch, according to the AP. The review centers on the vehicles' lack of a steering wheel, the design feature that distinguishes the model. Investors registered the regulatory risk the same day, with the stock's 6% drop coming as the first production units began operating in Austin.

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