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Firmus IPO Turmoil: Maas Group Shares Plunge 30% as Nvidia-Backed AI Data Centre Operator Weighs Price Cut Ahead of ASX Listing

Maas Group Shares Plunge 30% as Nvidia-Backed AI Data Centre Operator Weighs Price Cut Ahead of ASX Listing

Shares of the construction services company Maas Group fell about 30 percent on Thursday after reports that Firmus, the Nvidia-backed AI data centre operator in which it holds a 3.2 percent stake, may shrink its roughly US$5 billion initial public offering and lower its price. One of the biggest stock market debuts in Australian history … Read more

CrowdStrike Says South Korean Bank Cyberattacks Likely Came From China-Based Actor Using AI Agent ARTEX and Claude Code

CrowdStrike Says South Korean Bank Cyberattacks Likely Came From China-Based Actor Using AI Agent ARTEX and Claude Code

The wave of data breaches that hit South Korean banks last month may have been carried out largely by software agents directed by a single person, according to a report from the US cybersecurity firm CrowdStrike. In a document published on October 7, the company said the suspect is likely a 26-year-old based in China’s … Read more

Samsung Q3 2026 Earnings Guidance: Record $80 Billion Operating Profit as the AI Memory Chip Boom Lifts HBM Demand

Samsung Q3 2026 Earnings Guidance: Record $80 Billion Operating Profit as the AI Memory Chip Boom Lifts HBM Demand

Samsung Electronics has told investors that the artificial intelligence build-out is now showing up in its profit line on a scale few companies have ever seen. In preliminary guidance released on Thursday, October 8, the South Korean group said it expects third-quarter operating profit of about 107.4 trillion won, roughly $80 billion, up from 12.17 … Read more

EIA Report Flashback: US Crude Stocks Rose 3.7 Million Barrels in October 2026 as Fuel Demand Hit a Multi-Year High, and Why Today’s Oil Market Looks So Different

US Crude Stocks Rose 3.7 Million Barrels in October 2026 as Fuel Demand Hit a Multi-Year High, and Why Today's Oil Market Looks So Different

US government’s weekly oil report told a story that now feels like it belongs to another market. For the week ending October 3, 2026, the Energy Information Administration (EIA) reported that commercial crude inventories rose by 3.7 million barrels, more than analysts expected, while total petroleum products supplied climbed to 21.990 million barrels per day, … Read more

US Crude Inventories Fall 3.2 Million Barrels, Defying Forecasts for a Build, as Refiners Run Hot Ahead of Gulf Storm

US Crude Inventories Fall 3.2 Million Barrels, Defying Forecasts for a Build, as Refiners Run Hot Ahead of Gulf Storm

US crude stockpiles shrank last week when analysts expected them to grow, handing oil bulls another reason to stay confident just as a storm threatens Gulf Coast production. The US Energy Information Administration (EIA) said on Wednesday that commercial crude inventories fell by 3.2 million barrels to 424.1 million in the week ended October 2. … Read more

OPEC+ Keeps November Oil Output Targets Unchanged as Hormuz Disruptions Hold Real Production Below Quotas

OPEC+ November oil output

OPEC+ has decided to leave its oil production targets where they are for November, extending a pause that began last month and leaving the group with no new barrels to promise a tight market. The decision was made on Sunday, October 4, by the seven core members that still set voluntary output levels: Saudi Arabia, … Read more

Oil Prices Today: WTI Crude Climbs Toward $91 as Gulf of Mexico Storm Shuts Output, While Fed Rate Hike Bets Linger

Oil Prices Today: WTI Crude Climbs Toward $91 as Gulf of Mexico Storm Shuts Output, While Fed Rate Hike Bets Linger

US crude is climbing again, and the push is coming from the weather as much as from geopolitics. West Texas Intermediate (WTI) futures rose about 3.5 percent on Thursday to roughly $91 a barrel, according to Investing.com data, after sliding toward $88 the day before. The jump followed moves by Shell and Chevron to shut … Read more

Oil Prices Today: Brent Crude Stays Above $100 as Strait of Hormuz Attacks and Stalled Ukraine Talks Fuel Supply Fears

Oil Prices Today: Brent Crude Stays Above $100 as Strait of Hormuz Attacks and Stalled Ukraine Talks Fuel Supply Fears

Brent crude is trading above $100 a barrel again, and the reasons have more to do with the Middle East than with Moscow. On Wednesday, the global benchmark rose about 1.3 percent to roughly $102, according to trading data from Investing.com, after fresh Houthi attacks on Saudi airports and a run of incidents in the … Read more

“If You Want Something You Have Never Had, You Must Be Willing to Do Something You Have Never Done” – Thomas Jefferson

If You Want Something You Have Never Had, You Must Be Willing to Do Something You Have Never Done - Thomas Jefferson

This one deserves a correction before anything else. The Thomas Jefferson Foundation’s own research center at Monticello lists this quote as spurious, meaning it doesn’t appear anywhere in Jefferson’s letters, speeches or writings. Its earliest known appearance in print dates to 2004, nearly two centuries after Jefferson’s death, and it wasn’t attributed to him in … Read more

Steam Revenue Heads for First $20 Billion Year, but Most of the Money Goes to Game Developers, Not Valve

Steam Revenue Heads for First $20 Billion Year, but Most of the Money Goes to Game Developers, Not Valve

Steam is on course for the biggest year in PC gaming history, and the number being passed around is $20 billion. Estimates from the games-industry research firm Alinea Analytics say Valve’s storefront has just posted its best September and its best quarter ever, which puts the platform on pace to cross that mark for the … Read more