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10/6
04:17
SpaceX shares climb to highest since June, Musk rejoins trillionaire ranks
SpaceX shares rose nearly 8% on Monday, reaching their highest level since mid-June, pushing Musk back to trillionaire status. Morgan Stanley analysts called SpaceX stock "cheap," highlighting future AI product launches, Starship progress, and new cloud contracts. Analysts also recommended buying the stock before Starship's next test flight and Q3 earnings release, with a target price of $300, representing approximately 75% upside from Monday's closing price of $171.09. SpaceX's AI business also boosted its stock price; the company expanded its AI operations through the acquisitions of xAI and Cursor and leases hashrate to companies like Google and Anthropic. Additionally, the Pentagon appointed Musk as co-lead of Project Meridian, an initiative aimed at identifying weapons, technologies, and military capabilities the U.S. may need for future wars.
04:17
Lucid, the US electric vehicle manufacturer, reported a 6.7% year-over-year decrease in Q3 deliveries, with production cutbacks to align with slowing demand.
Lucid, the U.S. electric vehicle manufacturer, reported a 6.7% year-over-year decrease in Q3 deliveries, with production cut to align with slowing demand. The company delivered 3,806 EVs and produced 2,954 in the third quarter, compared to 4,078 deliveries and 3,891 units produced in the same period last year. Lucid stated the move was to better align with slowing customer demand.
04:10
Trump says 'threat' led US to pull bombers from RAF Fairford
US President Donald Trump stated on Monday that the United States moved its B-1 bombers from RAF Fairford in England due to "some threats" to the base. The Pentagon had confirmed on Sunday the removal of the bombers back to America. Trump added that Washington "actually knows the people that made the threat," but did not confirm their identity.
04:10
U.S. Secretary of State Rubio said the United States is closely monitoring the death of a technician at Russia's Siberian Plague Research Center.
U.S. Secretary of State Rubio stated that the United States is closely monitoring the death of a technician at a Russian Siberian plague research center and is concerned that the incident could lead to the spread of pneumonic plague, but there is no need for panic at present. The governor of Russia's Irkutsk Oblast said that the deceased had been tested, and no work-related microbial transmission was found, nor had any other staff members shown symptoms. The Kremlin urged the public not to believe rumors and to rely on official statements from Russia's consumer health watchdog.
04:02
Suzuki launched its new electric mini-vehicle e-Sky in Japan, priced at 2.12 million yen (approximately $13,400), making it the cheapest model in its class, undercutting BYD Racco.
04:02
Mitsui Fudosan to Build Data Center in Abandoned Tunnel in Kobe
Japanese real estate developer Mitsui Fudosan will construct a data center inside the abandoned Suma Belt Conveyor tunnel in Kobe City, aiming to utilize idle infrastructure and address challenges faced by above-ground data center construction. The location is considered advantageous due to its low temperatures and strong resistance to natural disasters.
04:00
Payments Infrastructure Firm Modern Treasury Seeks US Trust Bank Charter for Stablecoin Custody and Related Fiat Services Through Limited-Purpose National Trust Bank
04:00
Aave Activates LlamaRisk Agents for Pendle Collateral on Plasma, enabling adjustment of pricing and borrowing parameters for $36.72M principal token
03:59
Mexican President Sheinbaum has requested evidence from the United States regarding border shootings, following the US deployment of 500 soldiers to the border.
Mexican President Claudia Sheinbaum said on Monday that Mexico has requested evidence from the United States regarding a border shooting incident that prompted the U.S. to deploy approximately 500 soldiers to the border. Sheinbaum explained at her daily press conference that the U.S. reported "shots fired from the Mexican border," but Mexico's National Guard, Army, and Navy found no signs of any firing from Mexican territory into the U.S. She also expressed concern about U.S. officials overstepping in terms of security cooperation.
03:58
SpaceX rose 7.6% today, now trading at $171.040.
03:45
Stablecoin Development Corp's stock price surged tenfold in a few weeks, with its market capitalization briefly reaching $500 million, and the company stated it was unaware of the reason.
Shares of Stablecoin Development Corp surged tenfold in a few weeks, with its market capitalization briefly increasing from approximately $50 million to $500 million. Today, the stock price reached $10 before falling to $4.5. The company's primary business is earning interest through USDS. Tether is its main investor and holds warrants that will become exercisable in mid-October. Stablecoin Development Corp has filed with the U.S. Securities and Exchange Commission (SEC), stating it is unaware of the reasons for the unusual stock price increase and "does not believe that corrective action is appropriate."
03:44
U.S. Bitcoin ETFs saw net inflows of $241 million last week, marking the third consecutive week of inflows.
US Bitcoin ETFs saw net inflows of $241 million last week, marking the third consecutive week of inflows and helping Bitcoin prices maintain their upward trend at the start of "Uptober," Bitcoin Magazine reported. BlackRock's iShares Bitcoin Trust alone attracted over $450 million in capital.
03:37
Trump Rejects New York Times Report on Ohio Rally Attendance
Donald Trump posted on Truth Social, refuting The New York Times' report that his Ohio rally was "not full." He stated that the rally venue was actually packed, with thousands unable to enter, and people in the upper sections typically move down to the main floor, so there were no empty seats. Trump accused The New York Times of inaccurate reporting and claimed his rallies are more popular than ever.
03:36
NVIDIA-backed Reflection AI releases Beam model with 501 billion parameters, claiming significantly lower inference computation costs than Chinese competitor GLM-5.2.
NVIDIA-backed Reflection AI has officially released its first open-weight AI model, Beam. The company stated that Beam's performance in advanced reasoning benchmarks is comparable to China's leading open model, GLM-5.2, but with a 3-4x reduction in inference computational cost. Beam is a model with 501 billion parameters, of which 23 billion are active parameters, pre-trained on 23.8 trillion tokens of data, and has a context window of 1 million tokens. Reflection AI has raised approximately $4.7 billion from investors including NVIDIA and Sequoia Capital, with the company valued at $25 billion. Beam's weights and full technical details are expected to be released this month.
03:35
OpenAI Sued for Trademark Infringement by AI Company TradeSun Over GPT-6 Astra Model Name
OpenAI is being sued for trademark infringement by AI software company TradeSun over the name of its GPT-6 Astra model. TradeSun accuses OpenAI of unauthorized use of its registered "Astra" trademark, constituting "reverse confusion," and is seeking a court order for OpenAI to remove the product name and pay damages.

TradeSun filed the lawsuit on Monday in the U.S. District Court for the Northern District of California, stating it has been selling AI software products under the Astra brand since 2021 and obtained federal trademark registration in 2022. An OpenAI spokesperson responded that the complaint is "without merit." This case is the latest trademark lawsuit OpenAI faces in the same court, following previous legal disputes over the "cameo" name for its Sora video generation tool and the "io" brand for its AI devices.
03:32
Banks Kick Off €4.7 Billion-Equivalent ($5.3 Billion) Leveraged-Loan Deal for Bain Capital's Acquisition of a Controlling Stake in Volkswagen's Heavy Diesel-Engine Unit
03:31
Fairshake plans $1 million in support for each of six U.S. House incumbents
Fairshake and its affiliates plan $1 million in support for each of six House incumbents: Republicans French Hill, Bill Huizenga and Bryan Steil, and Democrats Steven Horsford, Derek Tran and Janelle Bynum. The spending is for independent advertising rather than direct contributions to the campaigns. The six are part of its latest list of 32 incumbents, comprising 19 Republicans and 13 Democrats.
03:24
Oracle's credit default swap spreads are widening amid market concerns over its debt-fueled AI ambitions.
Oracle's extensive borrowing to support AI infrastructure development has pushed its credit default swap spreads near historical highs, reflecting growing market concerns, according to data cited by Bloomberg. Oracle founder Larry Ellison's net worth has shrunk by $196 billion.
03:24
Bloomberg: The world's ten wealthiest individuals are all from the United States for the first time, reflecting AI's reshaping of the market capitalization of major US tech giants.
The Bloomberg Billionaires Index shows that as of September 10, all ten of the world's wealthiest individuals are from the United States, marking a first since Bloomberg began tracking this data in 2012. Nine of them derive their wealth from U.S. technology companies, reflecting the profound reshaping of U.S. tech giants' market capitalization by the AI industry.
03:24
AI Boom Propels Tech Billionaires' Wealth by $845 Billion, Musk Accounts for Nearly 40%
According to the Bloomberg Billionaires Index, the combined wealth of approximately 100 tech billionaires globally increased by $845 billion in the first nine months of this year, marking the highest record for the same period. Of this, Musk alone saw his wealth grow by $310 billion, accounting for about 40% of the index's total increase. Meanwhile, the combined wealth of non-tech billionaires decreased by $62 billion during the same period.
03:23
Kim Ji-hoon, CEO of the Crypto Council for Innovation (CCI), remains confident regarding the lawsuit filed by banks against the OCC.
Crypto Council for Innovation (CCI) CEO Jihoon Kim stated that despite recent lawsuits from banks and opposition from some lawmakers, the organization remains confident in the Office of the Comptroller of the Currency's (OCC) approval of charters for crypto companies.
03:16
The Nasdaq Composite Index is up 1.25% today, currently at 27,530.89.
03:13
Flying Tulip's NFT Options Market Exceeds $5 Million in Volume
According to DeFi developer Andre Cronje, Flying Tulip's NFT options market has surpassed $5 million in trading volume. Buying an ftPUT NFT transfers its remaining FT tokens and redemption rights, a protection not offered by spot FT purchases.
03:12
Cargill's Q1 Earnings Plummet 52% Due to Cattle Costs and Cocoa Losses
Cargill Inc., the largest private company in the U.S., reported a 52% year-over-year plunge in its first-quarter earnings, primarily due to higher cattle and cocoa costs, despite some positive contributions from its soybean business.
02:59
Trump administration pours billions into nuclear stocks, but most see prices crater
The Trump administration has provided tens of billions of dollars in incentives to the nuclear industry over the past year, including a new $4.2 billion federal loan to Ohio nuclear plant operator Vistra announced today. However, most publicly-traded nuclear companies that received financial support from the administration have seen their stock prices decline. Vistra's stock is down 9% year-to-date (YTD). Other examples include NuScale, whose stock is down 81% since a $25 billion investment announcement, Constellation Energy, down 19% after securing a $1 billion loan, and Centrus Energy, down 54% since winning a $900 million task order.
02:58
Base Vault Drained of About $6 Million in Aave Deposit Tokens
Six outflows followed a borrower-whitelist change. The proceeds were redeemed for wstETH, with some later entering bridge withdrawals toward Ethereum.
02:52
UK threatens to expel 27 Israeli diplomats over Jerusalem consulate closure
The United Kingdom has threatened to expel 27 Israeli diplomats if Israel proceeds with plans to close the British consulate in occupied East Jerusalem, according to unverified Israeli media reports. Israel ordered the consulate's closure by October 8 in retaliation for Britain's decision to sanction illegal settlements in the occupied West Bank. Britain's National Security Adviser, Jonathan Powell, visited Israel last week in an attempt to reverse the closure, but talks did not produce an agreement.
02:52
Israeli Finance Minister Bezalel Smotrich announced the development of the "Herod's Pools" reservoir in the West Bank, with water sourced from Palestinian villages.
Israeli Finance Minister Bezalel Smotrich announced on Sunday that development has begun on the "Herodion Pools" reservoir in the occupied West Bank. The reservoir's water supply comes from the Palestinian village of Fasayil, which was previously illegally diverted by settlers. Smotrich stated that this move aims to strengthen Israel's control and protection of historical sites. He had previously pledged nearly $1 million for the project. Critics argue that this is the latest action by Israel to monopolize water resources in the Jordan Valley and seize Palestinian land.
02:45
U.S. Municipal Bond Borrowers Delay Refinancing Deals as Yields Approach Historic Highs
02:43
Compound is voting on Proposal 612 to extend treasury operation delays from two to ten days, with a Humpy-linked wallet casting 1.75 million COMP votes in support.

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