Oil Surges Past $111 as Houthi Strike Hits Saudi Arabia and Iran Claims Attacks on Seven Tankers Brent crude jumped more than 2% to above $111 a barrel after a drone strike on a major Saudi Aramco oil field and Iranian claims of attacks on tankers in the Strait of Hormuz, prompting the United States to order diplomats to leave Saudi Arabia. Full story → · 4 sources
Zelensky Meets Trump Envoys in Oslo as Russia Strikes Kyiv Hours After Peace Talk Pledge Ukrainian President Volodymyr Zelensky met U.S. envoys Steve Witkoff and Jared Kushner in Norway as Washington and Kyiv worked through a dispute over support levels, while Russian missiles and drones struck Kyiv overnight. Full story → · 4 sources
Critical PHP Security Flaw Forces Government Websites Offline Across Europe and South Korea A newly discovered, severe vulnerability in PHP, the programming language that underpins roughly 70% of the world's websites, prompted several European governments to block access to their own sites and triggered an emergency security response in South Korea. Full story → · 2 sources
Elon Musk's Tesla and SpaceX Explore $3.5 Trillion Merger as Special Committees Form Independent directors at both Tesla and SpaceX have formed special committees to evaluate combining the two companies into a single entity that could be worth roughly $3.5 trillion, though Musk's public comments on the talks reportedly complicated the process. Full story → · 4 sources
Tesla, Meta and IBM All Beat Earnings Estimates, but Wall Street's Reaction Is Mixed Tesla, Meta and IBM each topped Wall Street's third-quarter expectations, but investor reactions diverged sharply, with Tesla trimming capital spending plans, Meta facing questions about its new AI product, and IBM's stock reversing course mid-earnings-call. Full story → · 5 sources
Fed's October Meeting Looms With Markets Expecting a Pause Under New Chair Kevin Warsh The Federal Reserve's policy committee meets October 27 and 28, with markets pricing in roughly an 80% chance it holds interest rates steady, even as traders still expect a rate hike in December. Full story → · 3 sources
Cracks Appear in AI's Debt-Fueled Buildout as Anthropic Discloses $80.7 Billion Loss A draft IPO filing reportedly shows AI company Anthropic lost $80.7 billion in the first half of the year, while credit investors and data center developers from the United States to Australia are showing new caution about debt-financed AI infrastructure. Full story → · 2 sources
India's Modi Hosts Poland's Tusk for Defense and Trade Talks as Central Bank Minutes Show Policy Split Indian Prime Minister Narendra Modi held talks with Polish Prime Minister Donald Tusk in New Delhi on defense manufacturing and trade, as minutes from India's central bank revealed a divided committee weighing a shift toward tighter monetary policy. Full story → · 1 sources