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September 14, 2025

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The past week delivered a mix of market gains, corporate surprises, and political upheavals across the globe.

US equities posted their strongest performance in weeks, while Oracle’s cloud backlog announcement sent its stock soaring.

In politics, the assassination of Charlie Kirk shocked Washington, Apple unveiled its latest iPhone lineup, and leadership changes in Japan and France underscored rising instability abroad.

Meanwhile, President Trump pushed for broader sanctions on Russian oil, highlighting the ongoing geopolitical stakes shaping markets.

US markets close higher for the week

U.S. equities closed the week on a strong note, marking the best performance for the S&P 500 since early August.

The index rose 1.6% week-to-date, securing its fifth positive week in six.

The Nasdaq advanced 2%, notching its second consecutive weekly gain, while the Dow climbed 1%, breaking a three-week losing streak.

Tech, Utilities, and Communication Services sectors led the rally, with the S&P 500 Information Technology index advancing 1.91%.

Oracle stood out, surging 25% during the week, while Micron gained 23%.

Investors now await the Federal Reserve’s September 17 meeting, where futures markets point with near certainty to a quarter-point interest rate cut.

Oracle soars on cloud backlog

Oracle shares spiked after the software giant revealed its cloud backlog had ballooned to $455 billion.

The company forecast that booked revenue from cloud services would surpass half a trillion dollars in the coming months.

This announcement overshadowed a set of quarterly results that narrowly missed expectations.

Adjusted earnings per share came in at $1.47, just below consensus estimates of $1.48, while revenue of $14.9 billion grew 12% year-on-year but fell short of forecasts.

Despite muted near-term guidance, investor focus shifted to long-term growth prospects anchored by the surge in remaining performance obligations.

Political shock: Charlie Kirk assassinated

A wave of political shock swept across the US following the assassination of conservative activist and presidential aide Charlie Kirk, who was fatally shot during an event at Utah Valley University.

Authorities later confirmed the arrest of suspect Tyler Robinson, a resident of southern Utah.

Trump announced Kirk would be posthumously awarded the Presidential Medal of Freedom.

Bipartisan condemnation of the killing has underscored rising concerns about political violence in the US.

Apple unveils iPhone 17 lineup

Apple unveiled the iPhone 17 series, headlined by the ultra-thin iPhone 17 Air.

At just 5.6mm thick, the model has drawn attention for its engineering feat and $999 price point, positioned between the standard iPhone 17 ($799) and Pro models ($1,099+).

The event also featured AirPods Pro 3, offering double the active noise cancellation and live translation through Apple Intelligence, alongside the Apple Watch Series 11 and redesigned Ultra 3.

Pre-orders began September 12, with general availability starting September 19.

Leadership shake-ups in Japan and France

Japan’s Prime Minister Shigeru Ishiba announced his resignation following electoral setbacks and growing internal party rebellion, ending a brief tenure marked by political instability.

The decision has set off a race to determine his successor, deepening uncertainty in the world’s fourth-largest economy.

In France, Prime Minister François Bayrou lost a confidence vote and resigned, becoming the second PM to fall during Emmanuel Macron’s presidency.

President Macron appointed Defense Minister Sebastien Lecornu as the new prime minister, his fifth appointee in just two years.

Trump pushes for broader sanctions on Russian oil

President Donald Trump signaled readiness to impose “major” sanctions on Russian oil, contingent on unified NATO participation.

The US is also pressing G7 allies to adopt tariffs of up to 100% on Chinese and Indian imports of Russian crude while also proposing a framework for seizing Russian sovereign assets to support Ukraine.

The post Weekly wrap: markets rally, Charlie Kirk murder, iPhone 17 launch and PMs resign appeared first on Invezz

The FBI’s success in apprehending Charlie Kirk’s alleged assassin came one day after Director Kash Patel initially misreported that a suspect was in custody, a move that sparked consternation and criticism as the nation reeled over Kirk’s violent death.

Patel’s misstep during the fast-moving investigation was overshadowed Friday by the breakthrough news that a 22-year-old Utah man had been detained and will face charges for the deadly shooting. But the flaws during the whirlwind 33-hour manhunt did not go unnoticed.

Patel on Thursday announced — then quickly retracted — that authorities had detained the person responsible for killing Kirk.

Fox News’ Laura Ingraham responded ‘unreal’ to Patel’s revelation that the gunman was still at large. Conservative activist Chris Rufo said Friday he was ‘grateful’ authorities arrested a suspect but that it was ‘time for Republicans to reassess’ whether Patel was fit for the job.

‘He performed terribly in the last few days,’ Rufo wrote on social media Friday, adding that he has been talking with conservative leaders who are questioning the FBI’s leadership structure, which includes Patel, Deputy Director Dan Bongino, and, as of next week, Andrew Bailey, who is taking on the unprecedented role of FBI co-deputy director.

The backlash began after Patel said Thursday that ‘the subject for the horrific shooting today that took the life of Charlie Kirk is now in custody,’ before saying less than two hours later that he had the wrong person.

‘The subject in custody has been released after an interrogation by law enforcement,’ Patel said, adding the investigation was ongoing.

At the same time that Patel said the killer had been caught, Utah law enforcement officials were giving a news conference saying the gunman was at large, leading social media users to convey confusion over the mixed messages.

The blip during the manhunt for the person responsible for Kirk’s killing also put a spotlight on Patel’s and Bongino’s apparent fixation on social media, a point that a lawsuit against Patel and the Department of Justice laid out in thorough detail days prior.

The lawsuit was brought by three top FBI officials who alleged their constitutional rights were violated when they were fired without explanation. One of the fired officials said Patel and Bongino lamented the ‘political capital’ they had to spend to keep the official on the job, a reference to pressure Patel and Bongino were getting on social media about the official. Patel’s and Bongino’s actions were often dictated by social media comments, the lawsuit said.

Also fueling the fire was a delayed news conference on Thursday that offered little new detail as the investigation was underway. Patel appeared at the news conference but did not speak. Upon announcing the suspect’s arrest Friday morning, the FBI director gave remarks of gratitude to the agency, local law enforcement, the media and public for contributing to the arrest. Patel made clear that he had been directing the FBI behind the scenes during the past couple days.

‘Warroom’ podcast host Steve Bannon, a former Trump adviser, said on his show that he didn’t ‘know why Kash Patel flew out there, thousands of miles’ merely to thank people. Bannon suggested he wanted more details about the suspect and any possible accomplices.

At this stage, the Trump administration has shown no outward signs of wavering on Patel. Fox News Digital reached out to the White House and the FBI for comment.

The White House did not respond. One source familiar said Patel’s social media posting during the Kirk case could have been handled better but that his initial erroneous message and the surrounding criticism of it came during the ‘fog of war,’ as the investigation was rapidly evolving and emotions were high. The source said the focus should be on the success of the FBI’s operation and the ‘good police work’ involved.

A spokeswoman for Patel pointed to a statement she posted online highlighting that the FBI’s mission to identify Kirk’s assassin was a success and that Patel was intentional every step of the way.

‘Over these last few days, what has mattered isn’t ignorant criticism or petty assumptions — it’s been the pursuit of justice. Justice that was promised, justice that has now been delivered,’ spokeswoman Erica Knight said.

One retired FBI agent who worked at the bureau for two decades said Patel’s premature post seemed ‘reckless’ and ‘too quick to the draw,’ but the retired agent also said he viewed it as a problem that went beyond Patel.

‘It’s becoming a popularity contest,’ the retired agent told Fox News Digital. ‘It’s not necessarily something that’s new either, because J. Edgar Hoover was big about leveraging the press to make the FBI look good. I mean, he was notorious for that. That tradition in the bureau has continued, but now it’s sort of like that on steroids.’

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