Trump Pauses New Russia Sanctions Citing National Interest
Trump is trying to cool energy prices before the election, even if that means backing away from tougher Russia sanctions.
THE LATEST
Chip Stocks Flash Extreme Oversold Signals as Bears says More Pain
Semiconductor stocks are showing signs of extreme selling pressure after one of their sharpest losing streaks in years. The Philadelphia Semiconductor Index has plunged approximately 15.7% since October 6, while the Nasdaq-100 recently reached its most oversold four-hour reading in more than a year, according to StoneX strategist James Stanley. Technical relative-strength indicators also show memory giants Sandisk (SNDK) and Micron (MU) firmly in the lagging category.
Trump Says U.S. May Need to Strike Iran's Pickaxe Mountain
President Donald Trump warned that the U.S. may need to strike Iran’s fortified Pickaxe Mountain nuclear facility. The warning comes amid stalled peace negotiations, raising fears of further military escalation, higher oil prices and renewed pressure on global stock markets.
Oil Spikes Again as Wall Street’s Fear Gauge Spiked
Oil prices surged again on Friday, sending Wall Street's fear gauge, the VIX, briefly above 22. Investors worry that rising energy costs could fuel inflation and keep interest rates higher for longer, putting more pressure on stocks.
October Fed Rate Hike Bets Plunge After Warsh Speech
Wall Street traders sharply reduced bets on an October interest rate hike after Federal Reserve Chair Kevin Warsh gave no indication that further tightening was imminent.
Tesla Jumps 3% on Roadster Reveal as Wall Street Remains Flat
U.S. stock futures were little changed Friday as technology stocks remained under pressure, while Tesla (TSLA) climbed more than 3% following the unveiling of its new Roadster.
Trump Slams Ukraine's Oil Attacks, Blames Zelensky for Higher Prices
President Donald Trump criticized Ukraine for attacking Russian oil refineries, calling the strikes a "disgrace" and blaming President Volodymyr Zelensky for pushing global oil prices higher.
MSCI Proposes Indonesia Downgrade as Stocks Plunge 11%
Global index provider MSCI has proposed downgrading Indonesia from an Emerging Market to a Standalone Market, sending Indonesian stocks plunging as much as 11.4% on Friday.
U.S. Pre-Market Flat as Investors Await Fed Chair Warsh's Speech
U.S. stock futures were little changed as investors awaited Federal Reserve Chair Kevin Warsh's speech in Bangkok.
Wall Street Nervous Ahead of PPI After Stocks Slide
U.S. stock markets are under pressure as investors await Thursday's inflation report, following a sharp selloff on Wall Street.
Musk Says Trump Controls Starshield Restrictions After Ukraine Blames SpaceX
Elon Musk says the U.S. government, not SpaceX, controls restrictions on Ukraine's military Starshield system after Ukrainian officials blamed the company for disrupting drone operations.
ASML Says AI Demand Is So Strong It Can't Keep Up Through 2028
Dutch chipmaking giant ASML reported record quarterly revenue of €11.7 billion, up 55% year over year, as booming AI demand pushes semiconductor manufacturers to expand production. The company warned that demand for its equipment could exceed production capacity through 2028, with customers already discussing orders for 2029 and 2030.
SNDK Drops 21% in Three Weeks. Here's What Analysts Say
Sandisk (SNDK) has plunged 21.4% since September 22, falling from $1,887 to $1,482 as fears over Chinese memory-chip competition intensify. But historical trading data reveals something interesting: SNDK has suffered multiple corrections exceeding 20% before, even during its extraordinary rally.
Trump Announces ‘Massive’ Oil and Mineral Exploration in Greenland
President Donald Trump announced Wednesday that large-scale oil, natural gas, and mineral exploration is being prepared in Greenland, potentially opening a new frontier for U.S. energy and resource development.
Two More Ships Hit in Strait of Hormuz After 12 Attacks in a Week, UKMTO Says
Two more commercial vessels were reportedly struck in the Strait of Hormuz, extending a wave of attacks that has already hit at least 12 ships in one week.
SK Hynix Crashes 10% as China’s Memory Chip Breakthrough Sparks AI Stock Panic
South Korean chip giant SK Hynix plunged 10.09% on Tuesday, wiping out a significant portion of its market value as fears of a Chinese memory breakthrough rattled semiconductor investors.
Micron shares slide as China’s CXMT advances memory technology and Nadella warns on AI safety
Micron Technology shares fell Monday as investors weighed growing competition from China’s ChangXin Memory Technologies (CXMT) and renewed AI safety concerns following comments from Microsoft CEO Satya Nadella.
Microsoft CEO Nadella calls for brakes on advanced AI as safety concerns grow
A fresh wave of warnings from Microsoft, Anthropic and Broadcom executives has renewed concerns about the future of artificial intelligence, adding pressure to semiconductor stocks. Microsoft's latest AI safety warnings come just days after the Trump administration accused the company of abusing skilled-worker immigration programs, including the H-1B system. U.S. officials suspended Microsoft from a related green-card certification program amid allegations of fraud and improper hiring practices. Microsoft has denied the allegations. The headlines echo similar fears that rattled markets in August and September, despite continued strength in memory demand and chipmaker earnings.
BREAKING: Ukraine Says It Knows Nothing of Trump’s Ceasefire Deal
President Donald Trump’s announcement of an immediate Russia\-Ukraine energy ceasefire is facing questions after a senior Ukrainian official said Kyiv had no information about the supposed agreement\. A separate social media report attributed to Axios quoted President Volodymyr Zelensky as saying the announcement was “news to me\.”
Breaking: Trump Claims Russia-Ukraine Energy Truce
President Donald Trump previously announced that Russia and Ukraine had agreed to stop attacking each other's energy infrastructure. However, neither country confirmed a binding agreement, and strikes have continued. Ukraine renewed its offer on Sunday to halt refinery attacks if Russia reciprocates.
Wall Street Posts Weekly Gains as S&P 500 Rises 1.2%
U.S. stocks finished the week of October 5–9 higher despite volatility in Treasury yields, oil prices and artificial intelligence shares. The S&P 500 gained 1.2%, the Dow rose 0.9%, and the Nasdaq climbed 0.6%, extending its winning streak to four weeks.
Trump Strikes Diesel Deal With Putin
Trump announces a Russian diesel supply agreement, but analysts warn the initial shipment amounts to just 15 hours of U.S. fuel demand.
Treasury Auctions Draw Strong Demand Despite Surging Yields — CPI and Bank Earnings Are Next
U.S. Treasury auctions attracted substantial investor demand this week, easing fears of a disorderly bond selloff. But with 10-year yields above 5%, Wall Street's next test will come from inflation data, corporate earnings and the Federal Reserve.
Singapore F1 Faces Haze Disruption as Indonesian Wildfire Smoke Worsens
Singapore’s Formula 1 weekend is facing disruption as smoke from Indonesian wildfires pushes air quality into unhealthy territory, although the Grand Prix has not been canceled.
Trump Backs Off Iran Strikes Before Midterms
President Donald Trump reversed course on the prospect of near-term military strikes against Iran, ruling out new attacks before the November 3 midterm elections despite recent reports that the Pentagon was preparing for major combat operations.
Trump: Iran Deal Is “Not Really Something I Want”
President Donald Trump said a deal with Iran is “not really something” he wants to pursue, even as U.S. envoy Steve Witkoff continues negotiations and the Pentagon prepares options for a possible resumption of large-scale strikes.
Oil jumps more than 3% as Houthi attacks and Gulf shipping risks intensify
Oil prices surged more than 3% as a fresh wave of Houthi attacks on Saudi targets and a spike in tanker incidents around the Strait of Hormuz renewed fears over Middle East supply disruptions.
Fed minutes show most officials still see another rate hike this year
Federal Reserve officials unanimously backed September’s quarter-point rate hike, and most policymakers said another increase would likely be appropriate before year-end as inflation remains too high.
U.S. 10-year yield reverses lower after strong Treasury auction
The U.S. 10-year Treasury yield turned lower after a strong $39 billion note auction showed solid investor demand for longer-duration government debt, easing some of the pressure from an earlier bond selloff.
Morning update: Dollar and bond yields touching all time highs as oil holds near $90
The U.S. dollar and Treasury yields are pushing higher while crude oil remains near $90 a barrel. Volatility is up modestly but the VIX remains relatively contained near 16.
Michael Burry Sells Lululemon
Michael Burry has sold his Lululemon (LULU) position, but the move appears to be driven largely by tax-loss harvesting rather than a complete abandonment of his investment thesis.