News

Market news: Australian AI infrastructure company Firmus has withdrawn its IPO plans.

According to CNN: OpenAI said on Thursday that Iranian agents used OpenAI models and false identities to publish news reports criticizing the US war against Iran in multiple US media outlets.

According to Axios: U.S. and Ukrainian officials say U.S. Middle East envoys Witkov and Kushner will present a “new approach” to ending the Russia-Ukraine war during talks with Ukraine in Miami on Friday, including a partial ceasefire that would halt attacks on energy infrastructure and food transport.

U.S. Department of Defense: Raytheon has been awarded a $6.3 billion multi-year contract for the SM-3 IB interceptor.

U.S. Treasury Secretary Bessenter: The U.S. Treasury Department is cutting off funding to the Tehran regime for its wars in the region, and we will continue to expose those who help the regime sell oil. Anyone who assists Iran in circumventing sanctions will not escape the full scope of sanctions under the Treasury Department's authority.

According to the New York Times: U.S. officials revealed that although Trump remains wavering on resuming war against Iran, the U.S. military is preparing plans to restart large-scale military operations against Iran. The U.S. Department of Defense has developed a new three-day strike plan against Iran, and three aircraft carriers are about to be deployed to the Middle East.

The Federal Reserve has taken enforcement action against American Express (AXP.N) over anti-money laundering issues.

Foreign central banks held $16.873 billion in U.S. Treasury securities in the week ending October 2, compared with $15.101 billion in the previous week.

U.S. Treasury official: Iran has halted the loading and unloading of crude oil tankers due to U.S. blockades and sanctions.

SpaceX (SPCX.O): The U.S. Federal Communications Commission (FCC) has approved SpaceX to launch 15,000 Starlink 2nd generation satellites for use in the global 2GHz spectrum.

Chevron (CVX.N): Most of our offshore operations have moved ashore, and production continues on our other four platforms in the Gulf of Mexico.

Chevron (CVX.N): In response to Hurricane Isaias, Chevron has shut down production at five of its facilities in the Gulf of America.

The Dow Jones Industrial Average rose 52.61 points, or 0.10%, to close at 51,232.48 on Thursday, October 8; the S&P 500 fell 36.35 points, or 0.47%, to close at 7,765.42; and the Nasdaq Composite fell 345.35 points, or 1.25%, to close at 27,193.34 on Thursday, October 8.

Sources say Apple (AAPL.O) plans to hold a product launch event around October 27, where it is expected to unveil a touchscreen Mac and a new iPad mini.

According to US financial media Semafor: Coca-Cola (KO.N) plans to sell Costa Coffee.

According to Al Arabiya TV, the drone strike targeted the Rizkari area in Erbil, northern Iraq, marking the first attack since the US withdrawal.

The Investment Company Institute (ICI) reports that U.S. money market fund assets have risen to $7.96 trillion.

Kremlin spokesman Dmitry Peskov: Russia agrees with US Secretary of State Marco Rubio's view that the conflict in Ukraine has reached a stalemate.

According to the New York Times: Two U.S. officials revealed that the Trump administration is considering using ships, including a 500-foot training vessel and ferries, to send migrants to Central and South America. The voyage could take several days and cost millions of dollars.

US lawmakers in letters to Alphabet (GOOG.O) expressed concern that Google plans to obtain employee data from a now-defunct firm to train AI models.