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Tech Stocks Reversed Most Gains And Dropped As Investors Keep Rotating Out Of The Sector

The S&P 500 also retreated after an early advance, while oil prices plunged on hopes for a U.S.-Iran agreement.

Three Camps in the White House Are Pushing Trump Toward Different Paths to End the Iran War
Binance Customers Are Pulling Billions After A Record Crypto Hack. The Exchange Says It's Holding Up.
Hopes Of A U.S.-Iran Breakthrough Mount. Tehran's President Said Supreme Leader Gave Govt. 'Certain Authorities.'

Americans Are Spending More Money. But They're Not Actually Buying Much More.
Consumer spending rose 0.5% in September, but inflation-adjusted purchases were virtually unchanged as prices increased at the same pace.
Netanyahu Reportedly Wants To Strike Iran Right After U.S. Midterms, But Trump Wants To Give Negotiations A Chance
Netanyahu wants to jointly strike Iran after the U.S. midterms on Tuesday, while Trump prefers to give more time for negotiations to play out.
U.S. Keeps Escalating Economic Pressure On Iran. Tehran Officials Now Warn Of Gas Shortages As Winter Looms.
First Vice President Mohammad Reza Aref called on residents to conserve the resource, noting that he had to be honest about the stability of the supply.
Most Americans Don't Trust Polls But Results Still Influence Whether They Vote, Survey Shows
About one-quarter of respondents said polls suggesting a Democratic wave in November were wrong and expected Republicans to win key races.
Supermarkets Across Europe Are Losing Millions As Suspected Cyberattack Spoils Frozen Food Again
Chains in Sweden, Belgium and Luxembourg claimed that several stores experienced such incidents.
Binance Customers Are Pulling Billions After A Record Crypto Hack. The Exchange Says It's Holding Up.
Binance has pledged to cover customer losses and says it has replaced approximately 95% of the affected assets, although some withdrawal restrictions remain in place.

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THE BOTTOM LINE

The Houthis are making gains in Yemen

The Houthis Made New Gains In Yemen. They Are Reportedly Closing In On The Government's Capital.

The gains threaten a key route linking Aden with Taiz.

Economy in Focus

Wall Street Is Trading Near Record Highs. The Richest 1% Own More Than Half Of America's Stock Wealth.
As major U.S. banks prepare to report quarterly earnings, fresh attention is falling on who owns the financial assets benefiting from Wall Street's rally.
- S&P 500 Profits Set To Surge More Than 30% In Q3 With AI Giants Dominating Growth
- SpaceX Could Borrow $40 Billion For Nvidia Chips As Musk Makes A Massive New Bet On AI. Its Stock Fell.
Rubio Said Trump Wants to End the Iran War 'Peacefully.' Oil Prices Are Plunging.
Trump, on his end, said the conflict will end "very soon, one way or the other."
- Rubio Signals Washington Is Open To A Diplomatic Resolution Of The Iran Conflict As Midterms Loom
- Iran is Changing Tactics to Prevent Ships From Crossing the Hormuz Strait. It is Now Resorting to Limpet Mines.

Editor's pick

BlackRock headquarters

Bitcoin ETFs Lost $65 Million In A Day. One BlackRock Fund Accounted For Every Dollar.

The latest redemptions, however, represent a small fraction of the roughly $65.7 billion in net inflows BlackRock's fund has attracted since launching in 2024.

Shane Miah and Christian Asare

Contributor

How TetraFi Is Rethinking Institutional Liquidity and Settlement Across Digital Asset Markets

TetraFi is developing institutional digital asset infrastructure that connects liquidity venues, supports settlement and explores lending and multilateral netting for businesses operating across emerging markets.

Contributor
Baden Bower Is Pitching The Founders A Record Venture Market Passed Over
U.S. startups raised a record $412.7 billion in the first half of 2026, but investment was heavily concentrated in AI, megadeals and a small group of companies.
Contributor
Jae Kwon's Vision for Verifiable Digital Infrastructure in an AI-Driven Information Era
Amid declining trust in news and the spread of AI-generated search summaries, Jae Kwon advocates decentralized, open-source infrastructure and cryptographic verification as tools for improving digital accountability.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Rubio Signals Washington Is Open To A Diplomatic Resolution Of The Iran Conflict As Midterms Loom
Secretary of State Marco Rubio said the U.S. would prefer a diplomatic solution with Iran but retains the capability to resume military action, while negotiations reportedly continue through intermediaries.
Hegseth Fired a Top General. The Pentagon Claims He Was Leaking Classified Information.
More Top Wall Street Firms Are Paying Up To $100,000 a Month to See Trump's Social Media Posts First

Former UK Leader Urges Europe To Reduce Defense Dependency On U.S., Warns That Trump May Not Be An 'Aberration'
Former UK Prime Minister Keir Starmer urged European countries to strengthen defense cooperation amongst themselves and prepare to rely less on American assistance in both the short- and long-term.
What Is Behind The Business Spat Between China And Soccer Superstar Kylian Mbappé?
Bolsonaro Continues To Dispute The Brazilian Election Results. He Said He Would Run For Office Again Soon.

Stocks Plunge Again as AI Trade Unravels. Nasdaq Sees Worst Day Since June.
Stocks fell sharply as investors reassessed heavy AI spending, with the Nasdaq dropping 2.86% and Intel plunging 29% after issuing weaker-than-expected guidance.
The Tech Sell-Off is Putting the AI Trade on Notice. An Expert is Questioning Whether the Spending is Justified.
AI Models Could Be Compromised Into Delivering Misinformation, Research Finds