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OpenAI defends firing AI safety researchers over "breach of trust"

OpenAI responded to researchers' claims that their dismissal will make safety workers fearful to raise concerns.

• OpenAI rejects researchers' claim they were fired over safety warnings, says they committed 'breach of trust'New York Post Business
• OpenAI says it didn't fire 3 safety researchers for 'speaking out' on AI risksBusiness Insider

Trump establishes committee to investigate Fed governor Lisa Cook

US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutional. Donald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegations that she committed mortgage fraud, renewin…

• Trump escalates effort to fire Federal Reserve governor Lisa CookWashington Post Politics
• Trump Announces White House Inquiry Into Fed Governor Lisa CookNew York Times Business

SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile

SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market.

• Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcosCNBC Top Stories
• As AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threatMarket Watch

US imposes new sanctions on international criminal court

Trump administration says US 'doesn't need' ICC after accusing court of unfairly targeting Americans for war crime charges. The United States was accused of launching "an assault" on the world's legal order after imposing more sanctions on the international criminal court (ICC).Unveiling the Trump…

• US imposes sanctions on International Criminal CourtBBC US
• U.S. sanctions ICC, vowing to dismantle it "brick by brick" without changesCBS News

Houthis claim they struck Riyadh's main airport in Saudi Arabia

Houthi rebels are claiming they attacked Saudi Arabia's main airport in Riyadh. Semafor Gulf's Mohammed Sergie breaks down whether this signals a full-blown regional war in the Middle East.

• Delta CEO: 'Safety is going to make the call' on launching Saudi Arabia flightCNBC Business
• Houthis claim attack on Riyadh airport as airlines suspend flights to Saudi capitalThe Guardian World News

How the oil industry is preparing for Hurricane Isaias

Hurricane Isaias is this season's first Atlantic hurricane, and is on a path to hit the northern Gulf Coast. How is the oil industry preparing?

• Hurricane Isaias to 'stress test' oil markets already hobbled by tight fuel suppliesMarket Watch
• Hurricane Isaias: Category 3 Threat to Gulf & Supply ChainFreightWaves

Microsoft suspended from sponsoring H-!B workers for green cards

• White House blocks Microsoft from foreign worker hiring programBBC Business
• Microsoft suspended from applying for green cards for H-1B workers, JD Vance saysThe Guardian Business

The options market is reminding investors there's a cure for rising bond yields - higher yields

The MOVE Index - the Treasury market's "fear gauge" - has reached heights that in the past suggested yields may have peaked, at least for now.

• Oil prices jump 5%, pushing Treasury yields higher and stocks lower as Iranian attacks disrupt tanker trafficNew York Post Business
• Bond yields push higher on hawkish Fed bets and rising oil prices | The 8:30YouTube - Yahoo Finance

China agrees to 'halve' hybrid car exports to EU in landmark deal

Brussels says Beijing's shipments could fall by more than half over four years, cutting millions of vehicles amid fears for European jobs. The EU said it has reached a landmark deal with China to "halve" its sales of hybrid cars in the bloc amid fears surging sales could kill off parts of the Europ…

• EU sends envoy to Beijing as rising exports from China raise economic anxietyABC News
• EU negotiators head to China hoping to curb cheap imports of hybrid electric carsThe Guardian World News

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

Mortgage rates rose to the highest level in nearly three years, causing demand for both refinancing and homebuying to decline even further.

• With mortgage rates soaring above 7.5%, the smart money rents in AmericaMarket Watch
• Average long-term US mortgage rate rises to highest level in nearly 3 yearsABC News

Oil prices stable as market weighs supply risks, rising Middle East exports

Crude exports from the Middle East exceeded pre-war levels on four days during the last week of September, shipping data showed on Monday,

• Oil and gas prices jump on Middle East shipping attacks, sending bond yields higher and stocks lower - as it happenedThe Guardian Business
• Oil Prices Jump on Outburst of Violence in the Middle EastNew York Times Business

Trading platform Webull's China ties create national security risk, congressional panel finds; stock drops 18%

A congressional committee says trading platform Webull is not the ordinary U.S. company it claims, but exposes customer data to Chinese surveillance risk.

• Crypto platform Webull is getting slammed over its alleged China tiesNew York Post Business
• Trading app Webull tanks 18 percent over 'ties' to Chinese government, national security concerns: reportNew York Post Business

The Next Iran War Is This Iran War

The Iran war is, and always was, about regime change.

• More than 80 US military aircraft have been damaged so far in the Iran war. Equipment losses could be over $3.3 billion.Business Insider
• New Iran War Fears Send Oil Past $105 With Diesel Already Sky HighThe Daily Caller

Federal Reserve officials expect another rate hike will be needed this year, according to minutes

Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank's most recent meeting showed

• Inflation on many everyday items was entirely due to tariffs, NY Fed saysCNBC Economy
• A Top Fed Official Casts Further Doubt on a Rate Rise This MonthNew York Times Business

US Bitcoin ETFs shed $485M in biggest daily outflow since June

Bitcoin ETFs erased October's net inflows with $485 million in withdrawals, while Ether funds logged a seventh straight outflow session.

• Bitcoin, Ether ETFs' October outflows swell toward $1BCointelegraph
• The SEC approved a 3x Bitcoin ETF. It isn't what it sounds like.YouTube - Yahoo Finance

Suze Orman Warned 390,000 People Their Medicare Plans Are Shutting Down, Then CNBC Called the Same Stock a Turnaround

On October 4, Suze Orman, the personal finance author and former CNBC host, had a warning for her podcast listeners covered by UnitedHealth Group (NYSE:UNH | UNH Price Prediction): "If you have UnitedHealth Group, about 390,000 people are part of plans that are shutting down." She said Humana (NYSE…

• UnitedHealth's P/E Has Reset. Is the Stock Finally Undervalued?insidermonkey.com

Fed officials expect another rate hike will be needed this year: meeting minutes

The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said.

• Rates keep going up': Fed minutes, Waller and the case for another hikeYouTube - Yahoo Finance
• Fed's minutes show no appetite for a series of interest-rate hikesMarket Watch

Never-before-seen footage shows Iranian attack on U.S. base in Kuwait amid war

A new video shot from the perspective of a U.S. service member shows an Iranian strike on an American base in Kuwait in the early days of the war. CBS News' Jonah Kaplan reports.

• 'How Come No One Came In To Reinforce Us?' US Troops Describe Iranian Assault On Kuwait BaseThe Daily Caller
• Newly obtained footage shows Iran attack on major U.S. post in KuwaitCBS News

Michigan GOP Senate candidate Mike Rogers calls for end of Canada tariff war

Republican Michigan Senate candidate Mike Rogers broke with President Trump in a new campaign ad, saying Canada is not our enemy and that the tariff war needs to end. Former Republican Rep. Fred Upton of Michigan and Democratic strategist Kendra Barkoff Lamy join with analysis.

• Mike Rogers Changes Tune On Trump's Tariffs As Election ApproachesThe Daily Caller
• How Trump's Tariff War With Canada Ensnared the Can-Am SpyderNew York Times Business

3 Dividend Stocks Down Between 23% and 30% to Buy Right Now and Hold for a Decade

Great companies sometimes suffer setbacks.