News

The British October Gfk consumer confidence index will be released in ten minutes.

Australia's preliminary S&P Global Services PMI for October was 47.8, down from 51.9 in the previous month.

Australia's preliminary S&P Global Manufacturing PMI for October was 49.7, down from 49.6 in the previous month.

Australia's preliminary S&P Global Composite PMI for October was 47.7, down from 51.3 in the previous month.

SEC filings show that General Motors (GM.N) has canceled a long-term supply agreement for rare earth magnets for a plant that is about to be acquired by Energy Fuels.

Iranian news agency Fars News Agency published an article today titled "US Oil Terminals in the Region Are Legitimate Targets for Iran." The article states that the Iranian Revolutionary Guard Navy continues its crackdowns on illegal oil tankers in and around the Strait of Hormuz, taking action against seven such tankers in the past 24 hours, and links these actions to broader energy infrastructure. The article systematically lists key oil terminals of US regional partners—Rastanura and Yanbu in Saudi Arabia, Fujairah in the UAE, Mina Al-Ahmadi and Mina Abdullah in Kuwait, Harour Island and Musaed in Qatar, and Sitra in Bahrain—pointing out that these facilities are the fixed chokepoints of global energy export arteries. The article warns that if tensions escalate, the confrontation could shift from mobile tankers to fixed export terminals, storage tanks, and loading docks. Damage to these nodes would not only drive up transportation and insurance costs but also directly impact regional oil supply capacity, spreading the conflict from the sea to the entire energy export chain, causing far-reaching effects on global markets. The article signals that, in addition to the current strikes against oil tankers, energy terminal facilities have entered the potential calculations of Iran's strategic deterrence.

The U.S. Treasury Department announced proposed rules for reviewing foreign investment and removed Venezuela from its list of "countries of concern".

The U.S. Federal Communications Commission (FCC) has granted Intel (INTC.O) an exemption, allowing it to continue using equipment critical to its semiconductor manufacturing operations in the United States, free from the ban on certain foreign-made advanced robots.

In a memo, U.S. President Trump asserted that domestic oil production, refining, and other related activities are vital to national defense.

US President Trump sent a memorandum to US Defense Secretary Hergsays regarding the Defense Production Act and oil issues.

SpaceX (SPCX.O): Any potential merger with Tesla (TSLA.O) is subject to further approval by the Company’s special committee, board of directors and controlling shareholder.

Fitch: Persistently high fuel prices, airspace disruptions, and rising borrowing costs could weaken airlines' credit profiles.

Foreign central banks held $21.958 billion in U.S. Treasury securities in the week ending October 16, compared with a previous week's figure of -$14.588 billion.

U.S. Secretary of State Marco Rubio and NATO Secretary General Rutte discussed Black Sea security issues.

US President Trump: (Regarding Starlink access to Ukraine) The situation is very interesting, but I will not disclose whether I have spoken to Musk by phone.

US President Trump: (Regarding Russia and Ukraine) We'll wait and see.

US President Trump: (Regarding Starlink access to Ukraine) Ultimately, Musk has already lifted the restrictions.

According to US financial media Semafor, SpaceX (SPCX.O) issued bonds with a lower rating at a rate of approximately 8.3%.

Western Digital (WDC.O) shares rose more than 2% in after-hours trading.

The Dow Jones Industrial Average rose 11.59 points, or 0.02%, to close at 52,867.68 on Thursday, October 22. The S&P 500 fell 93.82 points, or 1.21%, to close at 7,663.35 on Thursday, October 22. The Nasdaq Composite fell 694.00 points, or 2.60%, to close at 26,008.86 on Thursday, October 22.