UK inflation jumps to 3.5% — cementing rate hike expectations
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
Samsung, SK Hynix upgrading China plants to make more advanced chips, people say: Reuters
Samsung and SK Hynix are upgrading China NAND plants to meet AI demand and counter YMTC, despite U.S. export-control constraints.
Oil prices mixed as traders assess Middle East developments
Iran’s Revolutionary Guards said Tuesday that naval mines had prevented three tankers attempting to pass through the Strait of Hormuz.
U.S. eyes refining muscle of Indian billionaire Ambani’s Reliance as Rubio visits Jamnagar plant
Rubio said the “extraordinary” refining capacity of Reliance could help India diversify its energy supplies, hinting at greater offtake of Venezuelan crude.
CNBC Daily Open: The Musk universe is planning its latest crossover
In the corporate world, Elon Musk is mulling a more ambitious merger of universes: SpaceX and Tesla.
Australian data center operator NextDC’s shares plunge 40% after it slashes earnings forecast
The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.
AI’s spending boom faces a ‘gut check’: Who can actually make money?
The AI boom is entering a more unforgiving phase, as investors question whether the billions poured into data centers will translate into sustainable profits.
Japan exports post huge miss in September as growth slows to 16.7%
Japan’s imports grew 18.9%, also missing expectations of 19.6% from Reuters.
Capital One’s strong quarter and progressing Discover integration are rewarded on Wall Street
Stronger net interest income and credit performance were the stars of the bank’s earnings.
S&P 500 notches 3-day win streak, Nasdaq jumps 1% as SpaceX and Tesla rally
U.S. stocks were up on Wednesday as traders weighed the latest round of earnings reports.
