ASML raised its 2026 revenue forecast and warned that planned capacity for 2027 and 2028 will fall short of AI-driven demand for its chip-making equipment.
Posted inMarkets
Bitcoin Slides Toward $81,000 as Hot CPI Sparks $944 Million Crypto Wipeout
Bitcoin fell to $81,150 after September inflation came in above forecasts, driving $944 million in crypto liquidations and pushing Fed rate-hike bets to 54%.
Posted inEconomy
US Consumer Prices Rise to 3.7% in September as Fuel Costs Dominate
US consumer prices rose 3.7% in September as a gasoline surge accounted for more than half the monthly gain, lifting fourth-hike bets at the Fed.
Posted inGeopolitics
Trump Says Ukraine Needs a New President as Zelensky Ties Vote to 60-Day Ceasefire
Trump called for a new Ukrainian president after Zelensky rejected the US-Russia diesel deal; Kyiv offered elections only if Russia first halts for 60 days.
Posted inWorld
North Korea Tests Submarine-Launched Cruise Missiles in East Sea Drill
Pyongyang test-fired two types of submarine-launched strategic cruise missiles on October 14 amid stalled US talks and a fresh Trump meeting proposal.
Posted inTech
Applied Materials Opens $5 Billion Chip R&D Hub to Halve Semiconductor Development Time
The world’s largest chipmaking equipment maker unveiled a 600,000-square-foot research facility in Sunnyvale on Monday, with Intel, TSMC, Micron, SK Hynix and Samsung co-located on site as founding partners.
Posted inMarkets
JPMorgan Misses on Fixed Income But US Bank Profits Rise as Consumers Hold Steady
JPMorgan Chase posted $15.3 billion in Q3 profit but missed analyst estimates for the first time in nearly three years, while Goldman Sachs, Citigroup and Wells Fargo beat forecasts as consumer credit held up despite high rates.
Posted inEconomy
Fed’s Williams Keeps Door Open on a Fourth 2026 Rate Hike Before Year-End
New York Fed president John Williams signalled that one more rate increase in 2026 remains appropriate, citing persistent Middle East energy pressures and AI infrastructure costs, as September CPI data arrives today.
Posted inGeopolitics
Russia Hits Six Ukrainian Energy Sites Hours After Trump Declares Ceasefire
Russia struck at least six Ukrainian energy facilities and wounded 33 people within hours of Trump announcing an ‘energy ceasefire’, while the EU passed its largest Russia sanctions package since 2022.
Posted inWorld
India’s Mass Voter Roll Purge Draws 7,000 Arrests as Protests Spread
India’s Election Commission removed roughly 130 million names from voter rolls, triggering mass arrests of opposition leaders, lawyers, and journalists as protesters demand the election chief’s resignation.