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10/24
05:41
Wells Fargo and five other companies have filed objections to the proposed tokenized stock platform, a joint venture between OKX and ICE, under the SEC’s innovation exemption. As of Friday, a total of 22 companies have now filed objections.
05:35
Global investment-grade corporate bond spreads surged to 129 basis points on Thursday, the widest level since May 2025, driven by multiple factors including technology companies borrowing heavily for AI infrastructure, rising oil prices, and political turmoil in France. The market is concerned that tech giants like Meta are planning unprecedented fundraising, while it remains uncertain whether AI investments will translate into profits in a timely manner.

Meta disclosed in its quarterly filings that it is considering raising "hundreds of billions of dollars" over several years starting this autumn, with its spending commitments having climbed from approximately $700 billion in July to about $825 billion. Elon Musk's SpaceX is also seeking to raise $40 billion to purchase NVIDIA chips. So far this year, companies have collectively raised over $450 billion for AI-related expenditures, a figure expected to approach $1 trillion next year.
05:33
Chinese President Xi Jinping has convened a central committee meeting with top cadres, focusing on discipline. The meeting will be closely watched ahead of next year's party congress and the leader’s expected fourth term.
05:33
According to the official National News Agency (NNA), Israel has carried out more attacks on the southern Lebanese municipality of Khiam. Israeli forces are also intermittently shelling several towns and villages, including Zawtar al-Sharqiyah, Mayfadoun, Barashit, Majdal Zoun, and Qantara.
05:28
Bitcoin infrastructure company Blockstream announced the launch of consulting services for financial institutions and has opened an office in Lugano, Switzerland. This move aims to provide banks, asset managers, and other institutions with direct support for their engineering expertise and Bitcoin infrastructure, covering the assessment, design, and implementation of Bitcoin financial infrastructure, including solutions such as tokenized asset issuance and confidential settlements. The company stated that Switzerland has a long banking tradition and a digital asset-friendly regulatory framework, and the Lugano office will serve as its European operational hub, catering to clients in Switzerland and across Europe.
05:20
According to Al Jazeera, citing a recent poll by Israel's Channel 12, approximately three-quarters (75%) of young Israeli Jewish first-time voters identify with right-wing or center-right political positions. This proportion is significantly higher than other groups in Israeli society and runs counter to the general trend of left-leaning youth globally.
05:19
AI-linked job losses in the UK are running at twice the rate of the US and Germany. Barclays plans to axe 5,000 jobs by the end of 2026 as it turns to artificial intelligence (AI) to cut costs. The bank’s chief executive has described AI as the “icing on the cake” of that effort, but unions accuse the bank of using AI as an excuse to reduce its workforce.
05:17
Western Digital CFO Kris Sennesael refuted the "peak AI demand" theory during the Q1 earnings call on October 22, stating that hyperscale cloud service provider clients continue to expand capital expenditures and are discussing supply and demand for 2030-2031. The company's capital expenditures more than tripled year-over-year, primarily for expanding high-capacity hard drive production, with spending expected to be slightly above the 4% to 6% of revenue range average over the next two years. Although the company projected Q2 adjusted EPS could reach up to $6 (above analysts' expectation of $4.80) and raised its quarterly dividend by 17%, the aggressive capital expenditure plan still raised market concerns about the sustainability of AI data center investments, leading Western Digital's stock to close down approximately 3% on Friday. Sennesael added that even if AI development slows, it would help the company catch up with existing demand gaps.
05:12
Argentine federal judge Marcelo Martinez de Giorgi, at the prosecutor's request, dismissed the criminal investigation into President Javier Milei and his sister Karina Milei for alleged cryptocurrency fraud. Previously, Milei had denied that the crash of the cryptocurrency $Libra constituted fraud after he deleted a social media post about it in February 2025. The judge stated that the reported events did not fall within the scope of the law and that "criminally relevant deception" was not proven.
05:12
Meta's Chief AI Officer, Alexandr Wang, stated in an interview that his personal AI agent, Muse, will remain ad-free and available for free to regular users. However, advanced features and enterprise services will be subject to charges, and the company also plans to collect commissions from shopping transactions facilitated by the agent. Muse first launched in Japan on October 23, following 10 million downloads in North America within six weeks of its release.

Meta also announced an upward revision of its 2026 capital expenditure guidance range to $135 billion to $145 billion. It further disclosed that as of the end of September, the total future committed investment for AI infrastructure development is close to $825 billion.
05:11
Germany's gas market operator, Trading Hub Europe (THE), has disclosed that it has spent nearly 245 million euros (approximately $274 million) on additional gas supply contracts to secure winter supply. As of October 21, Germany's natural gas storage facilities were only 61.1% full, significantly lower than the 75.4% recorded during the same period last year. THE stated that these contracts aim to incentivize companies to retain natural gas and potentially deposit additional volumes, serving as an "insurance mechanism" against potential supply shortages.
05:11
Germany's crude oil and product stockpiling agency, EBV, launched a tender on October 23 to sell diesel, heating oil, and crude oil from its strategic reserves for the first time, in response to energy supply pressures. According to Reuters, this marks Germany's first actual implementation since G7 nations reached an agreement on coordinated reserve releases in early October. German Economy Minister Katherina Reiche stated earlier this month that Germany has pledged to release up to 15 million barrels of diesel, heating oil, and crude oil, representing the largest contribution among European countries.
05:04
The rise of China's automaking industry is spurring a shift in German industry towards arms production, with Volkswagen's Osnabrueck factory set to be converted into a plant for missile defense systems. This move aims to preserve some jobs as the EU attempts trade rebalancing.
05:03
A gauge of chipmakers edged up but posted its longest weekly drop since November, as a resurgence in oil prices dragged down stocks and bonds, stoking inflation concerns just days ahead of the Federal Reserve's interest rate decision. Brent crude settled near $117 amid a flare-up in Middle East violence threatening supplies. Most S&P 500 firms fell, and the Dow Jones Industrial Average slipped 1.2%. Treasuries relinquished a portion of the previous session’s rally. Odd Lots Co-Host Joe Weisenthal emphasized the importance of tech companies firing on all cylinders for the US economy.
04:58
The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.
04:48
Majidreza Hariri, president of the Iran-China Chamber of Commerce and Industry, stated on X that Trump was "bragging about attacking Iran until last night," but "today, as oil prices approach $120, he’s talking about negotiations again." Hariri added that they neither take Trump seriously on war threats nor get their hopes up on his negotiation promises.
04:31
Brigadier General Yadollah Javani, head of the Political Bureau of Iran's Islamic Revolutionary Guard Corps (IRGC), stated that Iran would become the aggressor's grave if the enemy launched a ground invasion. According to Iran's semi-official Fars News Agency, Brigadier General Javani noted that U.S. forces at various bases in the region already face restrictions, questioning how they could maintain a presence in unfamiliar terrain. He warned that if the enemy made such a mistake, regardless of the route chosen to enter Iran, the country would become a "killing field" for invading foreign forces.
04:26
The Trump administration today unveiled the "American-First Seafood Strategy," aimed at securing the future of the U.S. seafood industry, and launched Seafood.gov, a website providing information on federal seafood initiatives for fishermen and consumers. Additionally, the U.S. Food and Drug Administration (FDA) proposed a voluntary "American Catch Seafood" labeling program. The President also made available over $5 billion in guaranteed loans through the U.S. Department of Agriculture (USDA) to expand America's advantage in modernizing meat and seafood processing.
04:21
Ukrainians held alongside Stephen Hubbard in Russian detention facilities claim they witnessed him being beaten, electrocuted with a stun gun, and subjected to sexual humiliation by Russian guards during his four-and-a-half-year detention. They also reported that Hubbard, 74, was denied food and medical care, kept in the cold, and treated more harshly due to his American nationality. Hubbard, accused of serving in Ukraine's armed forces, was sentenced to almost seven years in a penal colony in 2024. He was released earlier this week, on the same day US special envoy Steve Witkoff met Russian President Vladimir Putin in St Petersburg to discuss the war in Ukraine. US President Donald Trump had previously stated he requested Hubbard's release from Putin during a phone call the week prior.
04:21
President Donald Trump stated that First Lady Melania Trump's initiative led to a ceasefire agreement between Russia and Ukraine in Oleshky, a Ukrainian city occupied by Russia for four years. The agreement is expected to take effect within the next week.
04:18
Major General Ali Abdollahi, Chief of Staff of the Iranian Armed Forces and Commander of Khatam al-Anbiya Central Headquarters, stated that the Iranian military will not allow US warships to enter the Persian Gulf under any circumstances. He warned US President Donald Trump that US forces' "rusty warships" would not dare to approach the Strait of Hormuz.
04:17
The foreign ministers of Egypt, Saudi Arabia, Turkiye, and Pakistan issued a joint statement after their R4 meeting in Istanbul, asserting that the Israeli occupation is the fundamental source of instability in the region and beyond. They called for the urgent implementation of a two-state solution with East Jerusalem as the capital of a Palestinian state on pre-1967 borders. The ministers also condemned Houthi militia escalations, expressed solidarity with Saudi Arabia, and urged a return to the political process. Additionally, they emphasized the urgent need for dialogue and diplomacy regarding the US-Israel-led war on Iran, rejecting measures that restrict lawful navigation and calling for the full resumption of secure passage through the Strait of Hormuz.
04:07
US President Donald Trump has said he may launch another military campaign against Iran, using the codename "epic fury" for a potential new operation. Speaking at a rally in Florida, Trump urged Iranian officials to agree to US demands to end the conflict, though he expressed doubt they would comply.

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