Business
Filmmaker Alex Gibney Says New Elon Musk Documentary ‘Upends The Myth’ Of Tech Titan’s Genius
VENICE, Italy — Documentary filmmaker Alex Gibney says his nearly four-hour film “Musk,” which premiered this week at the Venice Film Festival, dismantles the popular image of Elon Musk as a modern-day inventor, arguing instead that the billionaire’s true skill lies in convincing investors to believe in visions that rarely align with reality.
Gibney, whose past subjects have included Enron, Theranos founder Elizabeth Holmes, the Church of Scientology, and U.S. military abuses at Bagram and Abu Ghraib, told The Associated Press that nothing in his career compares to the sheer scope of power held by Musk. Bleecker Street is set to release the documentary in theaters in October.
Asked why he chose to make a film about Musk, Gibney said the project began with an outside pitch in early 2023 that he was initially hesitant to pursue.
“A number of people came to me a few years ago, actually early 2023, and said, would you like to make a film about him?” Gibney said. “And I initially wasn’t sure, but a really good friend of mine convinced me that it was a good idea because it would be a portrait of kind of 21st century power. And so with that, I dug in.”
Gibney said his research led him to a conclusion that reframes the source of Musk’s influence entirely, tracing it not to invention but to his ability to project confidence about ambitious futures.
“I think the source of his power comes from, how should I put this, bulls—?” Gibney said. “That is to say, his ability to speak with confidence about the future in ways that convince people to invest in his companies. It’s really a future that rarely is in sync with facts or evidence or any remote possibility. So that is really what I discovered. That and the fact I think his genius, if there is a genius, is that he is not an inventor, he’s an investor. His genius is stock pumping.”
The documentary also examines Musk’s political shift toward President Donald Trump, a move Gibney said surprised many who had previously viewed Musk as a favorite of environmentally minded audiences because of his leadership at Tesla. Gibney said his research pointed to two underlying motivations he had initially underestimated.
“I discovered two things,” Gibney said. “One is, in a way, it was a predictable transition because he goes where the federal government money is. But the other reason is his companies were facing an enormous number of federal investigations. And indeed, Tesla was under criminal investigation. But out of that case, there was a good chance that under a Kamala Harris administration, he might go to prison. He joked about that on the Tucker Carlson show. I think those were two key motivators that I had initially underestimated.”
Gibney said common explanations attributing Musk’s political shift to opposition against progressive social movements did not hold up under closer scrutiny.
“A lot of people clocked it to the woke mind virus,” Gibney said. “After doing some research, I didn’t see it that way.”
Reflecting on how Musk compares to the other powerful figures and institutions he has profiled throughout his career, Gibney said the scale of Musk’s influence stands apart, even as the underlying psychological pattern feels familiar.
“Nothing compares to this in terms of the scope of his power,” Gibney said. “What’s interesting about Musk is it’s not so much something that’s new as an old wine in a new bottle.” Gibney described Musk as exhibiting what he called “noble cause corruption,” in which a genuine belief in an important mission, in Musk’s case making humanity multiplanetary and advancing sustainable energy, becomes a justification for increasingly questionable conduct in pursuit of that goal.
“Musk is not dissimilar from the guys at Enron,” Gibney said. “He’s not dissimilar from Elizabeth Holmes in the way that he bent the truth to serve his impulses. The one big difference with Musk is that he has companies, SpaceX and Tesla, which contain a great number of very qualified engineers and executive leaders.”
Gibney’s film has already drawn a public response from its subject. Musk previously called the documentary a “hit piece” on social media, prompting a direct reply from Gibney asking how Musk could make that judgment. Asked whether he approaches his subjects willing to have his own assumptions challenged, Gibney said bias is inevitable but that he remains committed to following facts wherever they lead.
“There is always bias, but I’m always willing to have my assumptions challenged,” Gibney said. “I started off as a kind of an admirer and was honest in my desire to want to talk to him, but ultimately he didn’t want to talk to me. Then you start digging into the facts and you follow them where they lead. And where they led for me was to a place that upended the myth, I would say, of Elon Musk as a kind of modern Leonardo da Vinci.”
Asked whether Musk attempted to interfere with the film’s production, Gibney said the more significant obstacle came not from Musk directly but from the fear he inspired in people close to him, including both supporters and critics within his companies.
“He didn’t really except in so far as the fact that people were terribly afraid to speak to me on the record, or at least on camera,” Gibney said. “They were just terrified of Elon. And these were people in his companies. These were people who knew him well. These were supporters and critics. A lot of people close to him who were his admirers would say, ‘I can’t talk to you unless I get Elon’s permission.’ I thought, wow, for such a big and powerful person, that seems awfully weak.”
Given the film’s nearly four-hour runtime, Gibney addressed a question he said comes up frequently when people learn of the project’s length.
“When I told people that there was going to be a nearly four-hour Elon Musk documentary, the first question was ‘did he make it about himself?’” Gibney was asked, to which he responded that the film differs substantially from other recent documentaries centered on public figures close to political power, joking that “this probably doesn’t share that much with the Melania documentary.” Gibney added that despite its serious subject matter, he intended the film itself to remain engaging for audiences.
“One of the things I would say about the film is it’s a dark and dangerous topic, but the film itself is a fun ride,” Gibney said.
“Musk” is among the most anticipated titles at this year’s Venice Film Festival, arriving amid sustained public fascination with the billionaire’s expanding influence across technology, politics and global business. With its theatrical release set for October through Bleecker Street, the documentary is expected to reignite public debate over Musk’s legacy and the sources of his power, following its high-profile premiere on the festival’s international stage this week.
Business
China’s exports up 25% y/y in August, imports surge 28.2%

China’s exports up 25% y/y in August, imports surge 28.2%
Business
Gold rises as yen surge weakens dollar; oil and Fed bets cap gains

Gold rises as yen surge weakens dollar; oil and Fed bets cap gains
Business
Doctor Explains How Prostate Cancer Screening And Treatment Have Evolved To Reduce Unnecessary Biopsies
Roughly 1 in 8 men will be diagnosed with prostate cancer during their lifetime, according to the American Cancer Society, and the disease remains the second-leading cause of cancer death among American men. The National Cancer Institute estimates more than 333,000 new prostate cancer cases will be diagnosed in the United States this year alone.
Despite those numbers, Dr. Mina Fam, medical director of urologic oncology at Hackensack Meridian Jersey Shore University Medical Center and medical director of robotic surgery at Ocean University Medical Center, said the outlook for most men diagnosed with the disease is considerably better than the statistics might initially suggest.
“Most men diagnosed with prostate cancer do not die from it,” Fam said, pointing to significant advances in early detection and treatment that have reshaped how doctors approach the disease in recent years.
Fam emphasized that a patient’s primary care doctor plays a central role in catching prostate cancer early, given the ongoing relationship most men already have with that physician.
“The primary care doctor is the one who knows the patient’s medical history the best,” Fam said.
Because men can sometimes feel hesitant to discuss urinary or sexual health concerns with their doctors, Fam encouraged patients to be direct and honest about any fears or symptoms when prostate health comes up during an appointment.
The prostate-specific antigen, or PSA, blood test has returned to its position as a standard starting point for prostate cancer screening after a period during which some in the medical community had moved away from relying on it. Fam said the purpose of the test is not to trigger unnecessary alarm, but to establish a baseline that can help doctors track meaningful changes over time.
“The goal of the test isn’t to overdiagnose but rather to establish a healthy baseline and catch any potential issues early,” Fam said.
Screening timelines vary depending on individual risk factors, according to Fam, who outlined general guidance for when men should begin discussing screening with their doctors. Men at average risk should begin those conversations around age 50. Black men and those with a family history of prostate cancer, both groups considered at higher risk, should start discussions closer to age 45. Men with a known genetic predisposition, such as a BRCA mutation, face hereditary risk and should begin screening conversations between ages 40 and 45.
Fam stressed that interpreting PSA results requires more nuance than simply checking whether a number falls above or below a specific threshold.
“A PSA test isn’t a simple ‘pass or fail,’” Fam said. “It’s the trend — how your PSA levels change over time — along with your age and prostate density, that is far more revealing than the absolute number on your lab report.”
One of the more significant shifts in prostate cancer care in recent years involves how doctors respond to an elevated PSA reading. According to Fam, an elevated score once led almost automatically to a prostate biopsy, a pattern that has since changed considerably as newer diagnostic tools have become available.
“In the past, anyone with an elevated PSA would get a prostate biopsy, but that’s not the case anymore,” Fam said. “Today, specialists utilize advanced MRI tests, alongside new blood and urine biomarkers, to accurately determine if a biopsy is truly necessary.”
For patients who do ultimately need a biopsy, Fam said technological improvements have made the procedure considerably safer and more tolerable than many men expect.
“While doctors are always mindful of minimizing risks like sepsis, modern biopsies are not always the highly invasive or painful procedures men might fear,” Fam said.
Fam also addressed a common misconception surrounding prostate cancer symptoms, noting that sudden urinary changes are frequently misinterpreted by patients as a likely sign of cancer.
“Frequently point to completely benign non-cancerous prostate conditions,” Fam said of such symptoms, adding that early-stage prostate cancer often presents with no noticeable symptoms at all, a key reason routine screening remains so important for catching the disease before it advances.
Even when a diagnosis is confirmed, Fam said patients should not assume aggressive treatment is automatically necessary. Depending on the specific characteristics of a given cancer, he said many men are well-suited to a strategy known as active surveillance, in which doctors closely monitor the cancer over time rather than pursuing immediate intervention.
“Many men are excellent candidates for active surveillance, which is a safe strategy of closely monitoring the cancer without immediate medical intervention,” Fam said.
Fam closed by encouraging men not to let discomfort or fear stand in the way of prioritizing their long-term health.
“Don’t let fear or embarrassment keep you from prioritizing your health,” Fam said. “Routine screenings are simple, highly individualized, and life-saving.”
The broader shift Fam described, from reflexive biopsies toward more targeted, individualized diagnostic pathways using MRI imaging and newer biomarker tests, reflects a wider trend across oncology in recent years, as doctors increasingly aim to avoid unnecessary invasive procedures while still catching aggressive cancers early enough to treat them effectively. For prostate cancer specifically, that shift has meant fewer men undergoing biopsies that ultimately reveal no cancer or only slow-growing disease unlikely to ever threaten their health, while still preserving the ability to identify and treat more aggressive cases before they progress.
As with any specific health concern, men with questions about their individual prostate cancer risk, screening schedule or treatment options are encouraged to discuss their circumstances directly with their own doctor, given how significantly personal factors such as age, race, family history and genetic background can shape the most appropriate approach to screening and care.
Business
1,500 pounds of ready-to-eat pork recalled over Listeria contamination risk
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More than 1,500 pounds of imported ready-to-eat pork products have been recalled over concerns about possible listeria contamination.
Two U.S.-based companies are issuing recalls for a total of about 1,513 pounds of dry-cured pork jowl products, also known as guanciale, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced on Sunday.
The recall is classified as a Class I recall, the USDA’s most serious recall classification, indicating there is a reasonable probability that consuming the products could cause serious adverse health consequences or death.
Florida-based Prime Line Distributors, Inc. and New Jersey-based Ferrarini USA, Inc. recalled two products each over fears they “may be adulterated with Listeria monocytogenes (Lm),” FSIS said in its announcement.
E COLI BLUEBERRY EXPANDING TO FROZEN MIXED BERRY PACKAGES SOLD AT WALMART IN 16 STATES

More than 1,500 pounds of imported ready-to-eat pork products have been recalled over concerns about possible listeria contamination. (U.S. Department of Agriculture’s Food Safety and Inspection Service)
Prime Line Distributors recalled various weight cardboard cases of two individually vacuum-packed “Prime Line Distributors, Inc. Guanciale Pork Jowl Product of Italy” items and various weight individually vacuum-packaged “Guanciale Pork Jowl Product of Italy” items.
Ferrarini USA recalled various weight cardboard cases with two pieces of individually vacuum-packed “Guanciale Pork Jowl Product of Italy” and various weight individually vacuum-packed “Ferrarini Guanciale Dry-Cured Pork Jowl” products.
Each of these recalled products include a best if used by date of May 16, 2027, and a lot number of 263311US printed on the label. The items also have the establishment number IT 1937 L CE printed inside the Italian mark of inspection or on the items’ case label.
The affected food items were produced at Est. 1937L Bome SRL in Italy on May 21 and imported into the U.S. in July.

The issue was discovered during routine import reinspection testing, when a product sample confirmed positive for Listeria monocytogenes (Lm). (Getty Images / Getty Images)
The recalled Prime Line Distributors food items were sent to food service and retail companies in Florida, while the Ferrarini USA products were shipped to distributors and food service locations in California, Florida, Idaho, Illinois, Michigan, New Jersey, New York and Texas.
The issue was discovered during routine import reinspection testing, when a product sample confirmed positive for Listeria monocytogenes (Lm).
Consumption of food contaminated with Lm can cause listeriosis, a serious infection that primarily affects older adults, people with weakened immune systems and pregnant women and their newborns.
Listeriosis can cause fever, muscle aches, headache, stiff neck, confusion, loss of balance and convulsions, sometimes preceded by diarrhea or other gastrointestinal symptoms. An invasive infection spreads beyond the gastrointestinal tract.
POPULAR SQUISHY TOYS RECALLED OVER POTENTIALLY DEADLY WATER BEAD HAZARD

FSIS is concerned that some products may be in food service and retail refrigerators and freezers. (J. David Ake/Getty Images / Getty Images)
In pregnant women, the infection can cause miscarriages, stillbirths, premature delivery or life-threatening infection of the newborn. In addition, serious and sometimes fatal infections can occur in older adults and people with weakened immune systems.
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FSIS advised that people in higher-risk groups experiencing flu-like symptoms within two months of eating contaminated items should seek medical attention.
There have been no confirmed reports of illness in connection with the consumption of these products. Anyone concerned about an illness is urged to contact a healthcare provider.
“FSIS is concerned that some products may be in food service and retail refrigerators and freezers. Food service and retail locations are urged not to serve or sell these products,” the agency said.
Food items affected by the recall should be discarded or returned to the place of purchase.
Business
Gold rises as dollar eases; US inflation data on radar
FUNDAMENTALS
Spot gold was up 0.3% at $4,418.79 per ounce, as of 0048 GMT. U.S. gold futures for December delivery were down 0.3% at $4,464.80.
The U.S. dollar index slipped 0.3%, making greenback-priced metals more affordable for other currency holders.
The U.S. producer price index data is due on Thursday, and the consumer price index data is scheduled for Friday.
Gold prices fell on Sept. 4 after data showed U.S. job growth accelerated sharply in August, while the unemployment rate held steady at 4.1%.
According to the CME FedWatch Tool, traders currently see a 60% chance of a rate hike at the Fed’s policy meeting next week.
Despite being known as an inflation hedge, elevated rates tend to reduce the appeal of non-yielding gold.Deutsche Bank now expects the European Central Bank to raise interest rates by 25 basis points in December in addition to a September hike, as persistent energy risks keep pressure on the inflation outlook.
On the geopolitical front, Iran threatened to retaliate against any new U.S. attacks on its assets, warning that energy infrastructure across the Gulf, including U.S. oil and gas interests, was vulnerable.
Among other metals, spot silver gained 0.3% at $66.34 per ounce, platinum rose 0.6% at $1,836.97 and palladium climbed 0.9% to $1,401.47.
DATA/EVENTS (GMT)
N/A China Exports, Imports YY Aug
N/A China Trade Balance USD Aug
Business
Global Market Today: Asia stocks waver as yen surges, Iran warns of retaliation
Japan’s Nikkei 225 fluctuated between gains and losses before edging up 0.2%, as the yen jumped as much as 0.6% to 153.51, its strongest level since February 18.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%, led by a 1.2% gain in the KOSPI. S&P 500 e-mini futures were down 0.1% after a holiday in the U.S. on Monday.
“While U.S. Labor Day made for a somewhat quieter start to the week for trading volumes, the weekend’s tit-for-tat strikes between the U.S. and Iran continued to put upward pressure on oil prices, acting as a drag on risk sentiment more broadly,” Westpac analysts said.
Oil prices moved higher for a third day as trading resumed in Asia, with Brent crude futures edging up 0.04% to $97.04 a barrel, after hitting a six-week high on Monday after Iran threatened to retaliate against any new attacks by targeting energy infrastructure across the Gulf, including U.S. oil and gas interests.
The yield on the U.S. 10-year Treasury bond was up 0.6 basis points at 4.788%. Traders are still pricing an implied 60% probability of a 25-basis-points hike at its next two-day meeting on September 16, according to the CME Group’s FedWatch tool, about the same chance as a week ago.
The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, was trading around a two-week low of 98.82.On the broader economic front, the growth picture appeared mixed as data released Tuesday blew hot and cold.
Japan’s economy grew faster than initially estimated in the April-June quarter from the previous three months, supported by business spending, revised data showed on Tuesday, but the figure still lagged analysts’ forecasts.
Meanwhile, data showed Japanese real wages rose 2.4% in July from a year earlier, marking the biggest increase since May 2021.
“With wage growth going from strength to strength, the case for the Bank of Japan to hasten the pace of tightening is becoming increasingly compelling,” Capital Economics analysts wrote in a research report.
Over in Australia, shares slumped 0.6% after a measure of local consumer sentiment fell sharply in September.
Gold was up 0.5% at $4,428.23, while in cryptocurrencies, bitcoin nudged 0.1% higher to $79,333.01, while ether climbed 0.2% to $2,498.94.
Business
‘I performed on stage to get my first job’ – the firms turning recruitment into competitions
Melissa Alcruz now works in marketing for a US real estate business based in New York City, but in the past she did the same job for TV channel MTV.
While at MTV she competed in an internal competition for a promotion that she says was referred to as a “bake-off”. Candidates had to come up with sponsorship and marketing campaigns, and then pitch to a room of seven people.
“This is intimidating, even for a seasoned professional. I ultimately got the job, but even though I won I disliked the process,” says Alcruz.
She points out that she already had a demanding full-time role at the company, and was then “expected to complete several substantial projects” for the competition in her spare time.
MTV’s current parent company, Paramount Skydance Corporation, has been asked for a comment.
Former recruitment consultant Katrina Collier, now an author, speaker and recruiter trainer, is concerned that competition-based recruitment processes that potentially require candidates to give up lots of their time for free can create “economic discrimination”.
“Not everyone can take time, possibly months, to participate in the challenges for the chance to secure one of a limited number of roles,” she says. “Does that mean only people from financially strong backgrounds proceed?
“Is that leaving talented applicants who don’t have the bank of mum or dad, for example, unable to take part?”
Business
Trump threatens to stop sale of Canadian Bombardier jets in US
President Donald Trump has warned Canadian aircraft company Bombardier that it can no longer sell in the US unless it moves its manufacturing there.
“NO MORE SELLING BOMBARDIER IN THE UNITED STATES!” Trump wrote in a Truth Social post on Monday. “If they want our Market, they must build here, and stop treating America like a ‘piggybank’.”
The move comes amid an escalating trade war between the two neighbours, and hours before Canadian retaliatory tariffs are set to be imposed on $20bn (£14.7bn) worth of US goods.
In a statement, Bombardier underscored that it employed thousands of American workers and said it valued its partnerships with American companies.
The BBC has reached out to Prime Minister Mark Carney’s office for comment.
It is unclear how Trump intends to block Bombardier from doing business in the US.
The Montreal-based company already operates a factory in the US state of Kansas that builds special mission military planes, and employs 3,500 American workers.
It also operates sites in Texas, Arizona, Florida, Connecticut, Illinois, Delaware, California, DC and New Jersey.
About half of its fleet – 5,100 aircraft – is operated by Bombardier customers based in the US.
In a statement on Monday, Bombardier did not address Trump’s threat directly, but said its operations “create tens of thousands of US jobs through the company’s growing American footprint”.
“Bombardier values its great partnership with American companies and its US employees,” its statement said. “Our plan is to continue to invest in our people, our customers and the communities in which we operate across the country.”
Bombardier’s jets are built at facilities in Canada, the US and Mexico, according to the company’s website. They also comply with the North American free trade agreement signed by Trump during his first term, known as CUSMA in Canada and the USMCA in the US.
The company is one of Canada’s largest, having contributed C$7.4bn ($5.4bn; £4bn) to the country’s GDP in 2024, according to a report commissioned by Bombardier.
It is also one of the largest employers in Quebec’s manufacturing sector.
In a post on X on Monday, Quebec premier Christine Fréchette called the company “a source of pride” for her province and “a flagship of our economy”.
She added that she has reached out to Bombardier CEO Éric Martel and offered her government’s full support.
On Trump’s threat, Fréchette wrote: “I will not respond to provocation with provocation.”
“Quebec will not allow anyone to dictate where our companies must produce in order to access a market.”
Trade talks between Canada and the US collapsed late last month after Canada walked away from the negotiating table, after which the US imposed new 50% tariffs on a range of Canadian goods.
Prime Minister Carney accused the Trump administration of presenting last-minute terms that were “unfair” and “uneconomic”, while US officials accused him of refusing to sign a deal for political reasons because of Trump’s unpopularity in Canada – an accusation he denied.
Business
Is Starbucks Open On Labor Day 2026? Here’s What Coffee Shops Are Open Today In The US, Full Guide
Coffee lovers heading out for their morning caffeine fix on Labor Day, Monday, Sept. 7, 2026, will have plenty of options, with most major coffee chains staying open for the holiday, though individual store hours can vary significantly depending on location.
Starbucks, the country’s largest coffee chain, will keep the majority of its locations open on Labor Day this year, according to reporting from Parade and Yahoo. Customers can still stop in for their usual coffee order, a Refresher or a breakfast item, though there is no single, company-wide Labor Day schedule that applies uniformly across every store.
“Yes, most Starbucks locations will be open on Labor Day 2026, so you can still stop by for your favorite coffee, Refresher or breakfast bite. However, hours can vary by location, and some stores may operate on a modified holiday schedule,” according to reporting on the chain’s holiday plans.
That variability is especially pronounced for Starbucks locations situated inside grocery stores, malls or other host businesses, which typically follow the operating hours of whatever larger store or building they are located within. That means the Starbucks a customer normally visits could keep entirely different hours than another location just a few miles away, depending on where each store is situated.
Given that inconsistency, coffee drinkers are generally advised to check their specific location’s hours directly on Labor Day itself, since holiday schedules can differ from a store’s typical Monday hours even at locations that remain open. Most standalone Starbucks stores tend to open around their usual time and operate close to a normal schedule on Labor Day, with regular hours generally running from around 5:30 or 6 a.m. to between 8 and 10 p.m. local time, though individual stores can vary. Customers can check specific store hours through the Starbucks app or website.
Dunkin’, the second-largest coffee chain in the U.S., will also remain open on Labor Day, according to multiple holiday-hours tracking sites. “Yes, Dunkin’ is open on Labor Day,” according to guidance compiled by Dunkin’ holiday-hours trackers, with most locations operating during regular hours for the holiday. Because Dunkin’ operates as a franchise business, individual store hours can vary considerably from one location to the next, with most stores opening between 5 and 6 a.m. and closing anywhere between 6 p.m. and 10 p.m., depending on the specific location and its typical customer demand. Given that franchise-level variation, checking a specific store’s hours through the Dunkin’ app or Google Maps before heading out remains the most reliable way to confirm a given location’s Labor Day schedule.
Beyond the two largest chains, several other major coffee and bakery-cafe brands are also expected to remain open for the holiday. Panera Bread typically operates on close to its normal schedule for Labor Day, with hours generally running from around 5:30 or 6 a.m. to 8 or 9 p.m. local time, though exact hours should be confirmed through the company’s store locator given location-specific variation.
Beyond coffee shops specifically, a broad range of fast-food and quick-service restaurants are expected to remain open on Labor Day this year as well. According to a roundup of Labor Day 2026 store hours, chains including McDonald’s, Taco Bell, Chick-fil-A and Burger King are generally open on the holiday, though individual franchise locations can still vary their hours somewhat. Sit-down chains including Applebee’s, Chili’s, Olive Garden, Texas Roadhouse, Outback Steakhouse and Cracker Barrel are also expected to keep their doors open to accommodate the holiday weekend crowds many restaurants see around Labor Day.
For those planning to combine a coffee run with other holiday errands, grocery store hours are also worth noting. Trader Joe’s is expected to operate on its normal schedule, from around 8 a.m. to 9 p.m., while Whole Foods locations will remain open but with modified holiday hours, generally in the range of 8 a.m. to 10 p.m. Aldi stores are expected to operate on limited hours, typically opening around 8:30 a.m. and closing early at 6 p.m. Kroger and its family of regional grocery brands are expected to remain open as well, though pharmacy hours within those stores may follow a separate, more limited schedule.
Warehouse club shoppers should take particular note of one key difference this Labor Day: Costco will be closed for the holiday, following the company’s longstanding practice of closing on select major holidays throughout the year. By contrast, BJ’s Wholesale Club is expected to operate during its regular hours, from around 8 a.m. to 10 p.m., while Sam’s Club will remain open but close earlier than usual, at 6 p.m. local time.
Government offices, by contrast, will be closed nationwide for the federal holiday. Federal, state and local administrative offices, including courthouses, the DMV and public libraries, will not be open Monday, and public schools and universities will also be closed for the holiday, consistent with Labor Day’s status as a recognized federal holiday observed across nearly all levels of government.
Given the wide variation in individual store hours across nearly every category of retailer and restaurant, the most reliable approach for anyone planning a Labor Day coffee run, or any other holiday errand, remains checking directly with the specific location a customer intends to visit, whether through a company’s official app, website store locator, or a quick phone call ahead of time. That extra step of confirmation can help avoid a wasted trip, particularly for locations situated inside malls, grocery stores or other host businesses, where hours frequently diverge from a chain’s typical standalone-store schedule.
With most major coffee chains, including Starbucks, Dunkin’ and Panera, expected to remain open in some capacity on Labor Day 2026, coffee drinkers across the country should have little trouble finding their usual morning order, even if a specific favorite location happens to be operating on a modified holiday schedule for the day.
Business
BSE IPO index surges 35% in five months of FY27, hits record high on strong listings
The gains far outpaced the broader market. The Sensex and Nifty rose 6% each during April-August, while the BSE MidCap 150 gained 19% and the BSE SmallCap 250 climbed 29%.
ET BureauBut the strong performance of the IPO indices masks a highly concentrated rally, with 15 stocks accounting for nearly 80% of the gains in the BSE’s 73-stock IPO index. For BSE’s 105-stock SME IPO index, 24 stocks contributed to about 89% of the rise in the benchmark
The indices are designed to track relatively recent listings. A stock market debutant enters the BSE IPO index on the third day after listing and is generally removed after completing one year. In the case of the SME IPO index, a stock is included on the second day of listing and moves out after a year. An SME stock exits earlier if it migrates to the BSE Mainboard. Both indices are rebalanced monthly.
Read more: Indian firms line up $7.7 billion in ECB proposals in July
“Retail and HNI investors are opting for fresh growth stories over legacy large-cap names that carry FPI overhang, valuation baggage, and uncertain earnings visibility,” said Rajesh Singla, CEO and fund manager at Alpha AMC & Planify.
Of the 4661 points gained by the BSE IPO index between April and August, Meesho, Lenskart Solutions, Tata Capital, Billionbrains Garage Ventures, Rubicon Research, LG Electronics India, Physicswallah, Urban Company, Shadowfax Technologies, Sudeep Pharma, ICICI Prudential Assets, Aequs, Emmvee Photovoltaic Power, Fujiyama Power Systems and Clean Max Enviiro Energy Solutions together contributed 3,738 points.Of the 105 stocks in the BSE SME IPO index, 24 companies, including Zelio E Mobility, Indo SMC, Airfloa Rail Tech, Exato Tech, SK Minerals & Additives, LT Elevator, Aptus Pharma and Purple Wave Infocom, contributed 34,472 points to the index’s 38,772-point rise, accounting for nearly 89% of the gains.
The remaining 56 gainers added 6,520 points, while 25 stocks dragged the index down by 2,220 points.
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