G7 countries agreed to coordinate the release of 100 million barrels of diesel and crude oil through the International Energy Agency, with the drawdown starting immediately and running for four months. A substantial share of diesel will be released in the first 20 days. The move is aimed at easing global supply concerns and curbing fuel prices. The IEA’s 32 member countries agreed last March to unlock 400 million barrels of oil from reserves, the largest release on record.

SpaceX (SPCX) shares are jumping after a week marked by multiple high-profile missions, including a successful NASA astronaut launch and a Google satellite flight. The move follows Starship’s first trip to Earth’s orbit, where it deployed 26 Starlink V3 satellites. Analysts have set an average price target of $235.10, implying 49% upside from current levels.

Henry Hub natural gas in Louisiana averaged $2.93 per million British thermal units from June through August, about 6% less than last year. Over the same period, U.S. solar power generation jumped 22% year on year, while July nationwide electricity sales set a record at 415.2 billion kilowatthours. Despite heat-driven demand, gas prices spent most of the time below $3 per million Btu, according to U.S. energy data.

The U.S. Labor Department reported that nonfarm payrolls rose by just 29,000 last month, far below market expectations and down from 133,000 in August, signaling a notable cooling in the labor market. Investors quickly pared back expectations for near-term Federal Reserve rate hikes. U.S. stocks advanced across the board, with the S&P 500 sitting within 1% of its record high.

Micron reported quarterly revenue of $54.2 billion, up 379% year over year, with adjusted gross margin at 87% and adjusted EPS jumping from $3.03 to $33.42. The company projected first-quarter revenue of about $61.5 billion and adjusted EPS of about $38.15, both above market expectations. Ongoing memory-chip shortages and strong pricing continue to lift the earnings outlook, though investor Victor Dergunov said the setup is becoming more complex.

Alaska Airlines is set to take its long-running Seattle rivalry with Delta Air Lines into longhaul international markets, with about 92% of its planned intercontinental seats from Seattle through August 2027 overlapping Delta’s existing nonstop routes, according to a Reuters analysis of Cirium schedule data. Alaska’s cost base remains an advantage, with first-half non-fuel unit costs about 17% below the average of Delta, United and American, but its unit revenue was roughly 20% lower, limiting its cushion. Delta, for its part, has strengthened its Seattle hub position by securing preferential access to 18 gates and adding two lounges.

Nike reported fiscal first-quarter revenue of $11.2 billion, down 4% year over year, as weakness in Greater China outweighed growth in North America. Net income fell to $712 million. The company said its new operating model is designed to deliver $2.5 billion in cost savings by 2031 and will include additional layoffs starting in calendar 2027. Citi kept a “neutral” rating, citing sales guidance below market expectations, as the stock is down nearly 45% since the beginning of the year.

Micron posted a strong fourth quarter, with earnings per share jumping 1,002% year over year to $33.42 and revenue rising 379% to $54.23 billion. CEO Sanjay Mehrotra said on the company’s earnings call that “physical AI,” particularly self-driving cars and humanoid robots, could significantly lift demand for memory and storage by the end of this decade. He added that level 4 and higher autonomous vehicles typically require more than 200 gigabytes of memory and multiple terabytes of storage.