Hurricane Polo, a Category 3 storm with sustained winds of 115 mph, made landfall in Baja California Sur Monday afternoon, expected to bring life-threatening winds and flash floods.
Flood watches are in effect for 11 states including Arizona, New Mexico, and parts of Utah, Colorado, Kansas, Nebraska, Iowa and Texas, with more than 14 million Americans facing major flooding risks.
President Trump rejected an Iranian plan to reopen the Strait of Hormuz, differing from a memorandum of understanding agreed upon by the U.S. and Iran in June.
World
Five young British men arrested on explosives and terror charges near a U.S.-operated air force base in England were released on bail Monday, with detectives investigating whether there is a link to Iran.
UK Foreign Minister Ed Miliband called Israeli government actions a "stain on the conscience of the world," drawing a standing ovation at the Labour conference in Liverpool.
President Trump rejected an Iranian plan to reopen the Strait of Hormuz, a proposal similar to a memorandum of understanding agreed upon by the U.S. and Iran in June.
Business
Nvidia authorized an additional $150 billion in share buybacks for a total of $235 billion, marking the largest repurchase boost in corporate history.
AMD agreed to acquire AI startup World Labs for $8.2 billion to expand its AI computing footprint.
The 10-year Treasury yield hit a fresh 19-year high of 5.27% as traders braced for further Federal Reserve rate hikes amid inflation concerns.
Technology
AMD acquired Fei-Fei Li's World Labs AI firm for $8.2 billion.
OpenAI abandoned plans to release an upcoming model due to escalating safety concerns.
Anthropic released its second new AI model since CEO Amodei's call for a slowdown.
Science
Spaceflight may dramatically change the gut within weeks, causing bacteria to break down more protein as food moves more slowly through the intestines.
Scientists found that immune cells contributing to Alzheimer's-related brain damage may be activated in lymph nodes outside the brain before traveling into the nervous system.
A single dose of an experimental CRISPR therapy cut LDL cholesterol and triglycerides by about half in patients with difficult-to-treat lipid disorders.
Economy
Federal Reserve raised the federal funds rate by 25 basis points to 3.75%-4% on September 16, the first increase since 2023.
August jobs growth came in stronger than expected, leading investors to worry about inflationary pressures.
Fed Cleveland President Beth Hammack said inflation remains above 3% while the labor market is near maximum employment.
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