International Business Times

OpenAI's Revenue Was Lower Than Previously Reported. Stocks Dropped Dragged By AI Names.

OpenAI told investors its annualized revenue hit about $50 billion at the end of September, lower than the $68 billion reported last month.

Hurricane Isaias Could Threaten The U.S. Oil Supply. Gulf Shutdowns Add Pressure to Already Soaring Energy Prices.
Megadonors are Favoring the GOP Ahead of the Midterms. Crypto and AI Money Are Fueling The Advantage.
Hormuz Crisis Sends Oil Shipping Costs Soaring. Supertanker Rates Have Jumped More Than Eightfold.

Microsoft Is Suspended From Green Card Program. Vance Accuses Company Of H-1B Abuse.
The Trump administration says Microsoft and several other major technology companies are being suspended from a federal program used to sponsor foreign workers for permanent U.S. residency.
The Iranian Economy Keeps Deteriorating. The President Now Called On Residents To Reduce Energy Consumption.
"With just a 10% reduction in consumption, a significant amount will be saved and we will no longer need to import energy," Masoud Pezeshkian said.
Another Fed Official Says More Rate Hikes Are Needed To Tame Inflation
"The hikes do not need to come at consecutive meetings," Christopher Waller noted.
Hurricane Isaias Could Threaten The U.S. Oil Supply. Gulf Shutdowns Add Pressure To Already Soaring Energy Prices.
More than a quarter of oil production in the Gulf of Mexico had been shut down on Wednesday.
The IEA Will Accelerate The Release Of Oil Stocks And Prioritize Diesel: 'As Soon As Possible'
The agency said it has already released 325 million barrels of oil and expects to deliver 100 million more.
More Countries Are Joining The Fight Against Yemen's Houthis. Syria Could Send Troops As Well.
President Ahmed al-Sharaa is considering the possibility after engaging in talks with Saudi Arabia and the U.S.

China Escalates Taiwan Threat: Militia Boat Spotted Off Island's East Coast For First Time

The boat was detected in mid-August operating near Chinese coast guard cutter 2502 and research vessel Xiang Yang Hong 03.

Press Release

Economy in Focus

Trump's Portfolio Invested Tens of Millions in Debt of Two of The World's Largest Companies, Disclosure Shows
Trump disclosed more than 500 transactions in August totaling almost $75 million.
Inflation Fears Surge Again: Americans' One-Year Outlook Hits Highest Level in More Than Three Years
Median inflation expectations for the next 12 months jumped to 3.9%, up from 3.6% in August, according to the Federal Reserve Bank of New York's September Survey of Consumer Expectations.
- Fed's Daly Says Continued Chip Shortages Could Help Fuel Inflation For Longer
- Traders Are Bracing for a Key Bond Sale. Yields Hit a New Multi-Decade High.

Bitcoin Drops Below $84,000 As Nearly $500 Million In Long Bets Get Wiped Out.

The digital asset briefly fell to around $83,500 as a sharp market pullback hit leveraged traders across major cryptocurrencies.

Contributor

A Career Built on Recovery: Inside John Merola's Path From Chronic Pain to Regenerative Medicine with RejuvStem

Discover how RejuvStem COO John Merola transitioned from patient to partner after regenerative cell therapy treated his chronic spine and joint issues, paving the way for advanced therapies with RejuvStem and Auragenesis Labs.

Contributor
California Insurance Reform Is Reshaping the Role of Independent Agencies
The state's Department of Insurance says its Sustainable Insurance Strategy is designed to expand availability, incorporate forward-looking catastrophe models, and improve the rate-review process.
Contributor
The Hidden Price of Healthcare Staffing
According to Health Affairs, nearly half of U.S. nursing homes used agency nursing staff by 2022, up from 23 percent in 2018, while agency workers accounted for 11 percent of direct-care nursing hours.