French prosecutors are investigating a deal between billionaire Bernard Arnault, head of LVMH, and a Russian businessman for possible money laundering. https://ift.tt/FVNrJR1

Pilots at United Airlines approved a new contract that includes pay raises of as much as 40% over the course of its four-year term. https://ift.tt/D0M4axz

UAW extended its strike to a Ford factory in Chicago and a GM plant in Michigan, citing a lack of progress at the bargaining table. https://ift.tt/dVFvi8J

The SEC closed out its fiscal year with a surge of civil-enforcement actions, as Wall Street’s top regulator brought in $218 million in fines on Friday. https://ift.tt/ax6FpTn

The S&P 500 fell Friday, locking in its worst month so far this year. The benchmark index slipped 0.3%, while the Dow lost 0.5% and the Nasdaq added 0.1%. https://ift.tt/IDMwxFy

Underlying inflation cooled notably this summer, with price pressures moderating for a third consecutive month in August. https://ift.tt/OjGe03u

Apple staff met with Chinese officials in recent months to discuss concerns over new rules that will restrict the tech giant from offering many foreign apps currently available on its iPhone app store in China. https://ift.tt/EDKFcps

Army Gen. Mark Milley warned in his retirement speech that military officers must adhere to the Constitution and not bow to political pressures. https://ift.tt/fIYGCQF

Several Republican rebels joined forces to defeat McCarthy’s attempt to keep the government open, leaving no clear path for the House to pass its own short-term spending bill or reach agreement with the Senate. https://ift.tt/oNlR7PK

Heard on the Street’s Stock-Picking Contest https://ift.tt/fYkLvPE