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10/16
02:48
Ethiopian forces and their allies said they have expanded control over the Tigray region and entered the historic city of Axum. The pro-government militia "Tigray Peace Force" claimed on Thursday that Eritrean forces suffered significant casualties in the fighting and have retreated to the border, but Eritrean Information Minister Yemane Gebremeskel dismissed these claims. U.S. Secretary of State Rubio spoke with Ethiopian Prime Minister Abiy on Wednesday, calling for de-escalation, stating that the region cannot afford more conflict.
02:47
Saudi Aramco CEO Amin Nasser stated that the company has enhanced its ability to simultaneously respond to multiple attacks, with a response speed six times faster than the industry average. Nasser said Aramco has established specialized response teams, expanded emergency reserves, and deployed drones to assess damages. He also revealed that the company is considering alternative shipping routes to the Strait of Hormuz, the Bab el-Mandeb Strait, and the Suez Canal.
02:47
Yoshinoya Holdings, a Japanese restaurant operator, has blocked overseas access to its computer systems and is reviewing cybersecurity procedures in response to a growing number of data breaches in Japan. This follows the leakage of personal information of former Yoshinoya employee providers in August and September.
02:37
A new Chainalysis report reveals that the U.S. became a net importer of Bitcoin in 2026 for the first time since 2022, indicating a strong accumulation trend. Simultaneously, the U.S. is exporting dollar-pegged stablecoins worldwide, which are increasingly adopted as a currency of choice for peer-to-peer and cross-border economies. The report highlights that institutions are primarily buying Bitcoin, while retail investors largely sell. Since the launch of spot Bitcoin ETFs in January 2024, America's share of global Bitcoin activity has consistently risen, even as the overall U.S. crypto economy, valued at $2.78 trillion, contracted by 2.2% in a bear market. The report also notes that stablecoins have generated billions in economic activity, benefiting U.S. companies and the government, with the 2025 GENIUS Act (signed by President Trump) allowing banks to issue stablecoins backed by U.S. Treasuries.
02:36
United Nations Development Programme Administrator Alexander De Croo stated on Thursday that developing countries are projected to face a shortfall of 800 million jobs over the next decade. He added that a shift from foreign aid to private-sector investment could help create employment.
02:21
Tesla plans to showcase its long-delayed next-generation Roadster electric sports car at SpaceX's test facility in Texas on Thursday (October 15, ET). The concept for this model was first unveiled by Musk in 2017, but Tesla has since missed all scheduled delivery dates. The event is expected to reveal specific pricing, details, and production targets, but the model is anticipated to be a high-end, low-volume production vehicle, unlikely to have a substantial impact on the company's financials.
02:21
Wall Street was clearly pleased with what it heard on BNY Mellon's (BNY) earnings call, pushing the stock up over 3% on the day from flat.
02:18
BlackRock CEO Larry Fink stated on Wednesday, following the company's Q3 earnings, that AI infrastructure spending has become so crucial to economic growth that any halt in data center construction could plunge the U.S. into a recession. Fink dismissed local opposition to data centers as "misinformation," emphasizing their role in creating construction jobs and driving energy infrastructure demand. His comments come as data centers face increasing scrutiny over electricity and water consumption ahead of the November 3 midterm elections, with some localities already imposing moratoriums.
02:17
On Thursday ET, Meta released Muse Spark Open, which it claims is "the most capable open-weight model in the US to date." The model boasts 816 billion parameters, supports a 1 million token context window, and specializes in programming and agent tasks. Meta also announced a collaboration with Apple, enabling the model to run on two Mac Studio devices equipped with M5 Ultra chips. Alexandr Wang, head of Meta AI, stated that the company will keep the more powerful Muse Wonder series closed-source, seeking a balance between an open developer ecosystem and AI commercialization. He believes open models are crucial for the US to maintain its advantage in AI competition.
02:09
A Hyperliquid wallet tracked by Lookonchain as belonging to Machi had 1,650 ETH force-liquidated on Oct. 15, resulting in approximately $269,225 in realized trading losses. About seven minutes after the liquidation, the wallet began reopening a long position, holding a new 2,500 ETH long by 1:16 p.m. BST.
02:03
CNBC reports that with the equal-weight S&P 500 strategy underperforming in 2026 and tech stocks appearing shaky, analysts are offering advice on managing S&P 500 risk. Todd Rosenbluth, head of research & editorial at TMX VettaFi, recommends combining market-cap weighted and equal-weight ETFs in a portfolio. Todd Sohn, chief ETF strategist at Baird Strategas, suggests diversifying with "low Tech, low correlation" alternatives, including actively managed SMID-cap funds, natural resources, energy sectors, and high-quality, short-duration investment-grade fixed income. The equal-weight S&P 500 has consistently lagged its market-cap weighted counterpart for almost four years, with September seeing a more than 4% drop for the equal-weight index.
02:02
Elon Musk posted that SpaceX and NVIDIA are collaborating on the "Star Mind" computer, which is performing far better than expected and will achieve mass production next year. Musk praised NVIDIA CEO Jensen Huang and expressed great satisfaction working with NVIDIA's engineering team. Huang had previously stated that he enjoys working with Musk and that their engineering teams are designing a new type of server aimed at deploying data centers in space.
01:58
Comex gold futures settled at $4147.70, snapping a three-session losing streak. Silver also rose 2.3%.
01:53
AI infrastructure provider CoreWeave's stock has plummeted over 46% since joining the Nasdaq 100 index on June 22, with its market capitalization shedding $18 billion. During this period, company insiders have sold approximately $740 million worth of shares. CEO Mike Intrator alone sold about $85 million in stock between September 15 and September 30. Other executives, including CFO Nitin Agrawal, CRO Jonathan Jones, General Counsel Kristen McVeety, and Co-founder Brannin McBee, also made significant sales. The company's cost to borrow on its 2032 bonds has skyrocketed to 15% annually, and credit default swaps imply roughly a 63% chance of default within five years. As of the end of June, CoreWeave had approximately $52 billion in combined debt and lease obligations, with co-founder Brannin McBee indicating the company is seeking to borrow even more money.
01:49
The US has imposed new sanctions on Iranian entities, targeting 16 individuals and 10 entities, according to an update from Al Jazeera's live broadcast and a notice on the US Treasury Department website. Al Jazeera's analysis indicates that as the US-Iran standoff continues and the Strait of Hormuz is almost closed, the US has intensified sanctions against Tehran, exacerbating Iran's economic crisis.
01:49
With the support of the World Health Organization (WHO), UNICEF, and the United Nations Population Fund (UNFPA), Nasser Hospital in the Gaza Strip has launched a pilot project for kangaroo mother care (KMC). The project aims to help premature and low-birth-weight infants grow healthily through skin-to-skin contact and breastfeeding. WHO data shows that KMC can reduce neonatal mortality by 32% and mortality within six months by 25%.

The project comes as the healthcare system in the Gaza Strip faces severe challenges due to the war, with a significant reduction in the number of neonatal intensive care units and incubators, putting premature and low-birth-weight infants at serious risk.
01:46
Anduril CEO Brian Schimpf addressed ethics questions over co-founder Palmer Luckey's close ties to the Trump administration, stating the company has "done incredibly well under President Joe Biden" and won contracts "on the merits." The defense tech giant recently secured government contracts worth up to $2.9 billion and $20 billion, with the company's valuation reaching $90 billion this week.
01:46
Google DeepMind's first internal audit of AI-driven research, detailed in the safety report for its Gemini 4 Argon model, found no measurable speedup in AI progress. This conclusion comes despite AI writing over 75% of the code shipped by DeepMind engineers. The finding counters concerns from some AI executives, including Anthropic CEO Dario Amodei, about "recursive self-improvement" leading to uncontrolled AI advancement. DeepMind researcher Haydn Belfield stated on X that there is "no significant end-to-end acceleration of ML R&D," and that Gemini 4 Argon's performance gains are attributed to increased compute and organizational investment, not AI-driven acceleration.
01:42
Musk retweeted Sawyer Merritt's post, stating that according to the latest data from the National Highway Traffic Safety Administration (NHTSA), Tesla's Cybercab Robotaxis had no collisions or accidents during their first two weeks of public rides.
01:41
Chilean pension funds suffered billions of dollars in losses from outsized bets on US interest rates, an outcome that occurred more than a year after desperate appeals to regulators to halt the reckless behavior were reportedly ignored. The warnings urged intervention to stop the funds' aggressive positioning.
01:38
Bitcoin registered an intraday low of $79,730 before recovering to around $82,000. This selloff was intensified by surging US wholesale inflation, which triggered nearly $940 million in liquidations across the cryptocurrency market. Stronger-than-expected inflation data raised concerns about another interest rate hike by the Federal Reserve, leading to extended losses. According to CoinGlass, 176,506 traders were liquidated.

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