Samsung profit plunges in first drop since 2019 as chipmakers feel bite
Samsung forecast on Friday its operating profit plunged 32% in the third quarter of the year as weaker memory pricing and demand hit the technology giant.
The Kremlin behaved ‘like a drug dealer’ over gas supplies, Polish PM says
“The real price of the gas is … the blood of soldiers and people, children and women in Ukraine,” Poland’s Prime Minister Mateusz Morawiecki told CNBC.
Wharton’s Jeremy Siegel says today’s biggest threat isn’t inflation — it’s recession
Siegel said he was one of the first to warn of the Fed’s “inflationary policies” in 2020 and 2021, but “the pendulum has swung too far in the other direction.”
Asia-Pacific markets fall ahead of U.S. jobs report
Shares in the Asia-Pacific fell on Friday ahead of the monthly U.S. jobs report, which is likely to guide the Fed’s next monetary decision in November.
We should ‘fight the Fed’ because it is fallible, investment advisor says
Investors shouldn’t necessarily align their investment decisions with the Federal Reserve’s actions, according to Stephen Isaacs, investor at Alvine Capital.
Germany’s relief plan could trigger a UK-style bond meltdown in euro nations
German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) designed to help with soaring energy prices.
VPN use skyrockets in Iran as citizens navigate internet censorship under Tehran’s crackdown
Demand for VPN services skyrocketed over 2,100% on Sept. 22 compared with the previous 28 days, according to figures from Top10VPN.
Biden: Nuclear ‘Armageddon’ risk highest since ’62 crisis
President Joe Biden said Thursday that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis.
‘Little kids who were still sleeping’ — Thailand mourns victims of mass killing
Pink and white coffins bearing the bodies of the 22 children killed in a gun and knife rampage in Thailand were loaded onto a truck late on Thursday.
Sliding UK markets saw Darktrace’s CEO and three others snap up their own stock
Darktrace’s Poppy Gustafsson was among the confident CEOs who bought their own company’s shares as markets sold off.
