Mercedes-Benz Sales Sink 8% as China Demand Craters 31%
Mercedes-Benz Q3 global sales fell 8% to 407,200 units as China collapsed 31%. Porsche cuts dealers 30% to chase margin over volume. Full breakdown inside.
Microsoft’s $2,599 Surface Ultra Bets on Nvidia AI Chips Over Cloud
Microsoft unveiled the Surface Ultra, a $2,599 AI laptop powered by Nvidia’s RTX Spark chip, ships October 16. Here’s what the hybrid-intelligence push means.
Iran Ramps Up Hormuz Tanker Attacks as Brent Crude Climbs to $101.51
Iran has launched nine tanker attacks in the Strait of Hormuz this month alone as Brent crude rises to $101.51. VP JD Vance demands enrichment cuts to end the nearly eight-month war.
Boeing Secures $14.7 Billion Missile Deal Amid Middle East Buildup
Boeing wins a $14.7 billion contract to ramp up PAC-3 interceptor production as the US restocks missile defenses in Saudi Arabia and Qatar.
AI Chip Demand Stays ‘Extremely High’, AMD and NVIDIA Say
AMD CEO Lisa Su forecasts sustained extremely high semiconductor demand from AI growth, as NVIDIA leads a broader information technology sector rally.
Pentagon Doubles Combat Pay for Troops as Iran War Death Toll Rises
The Department of War raises Hostile Fire Pay to $450 a month and Imminent Danger Pay to $275 for the first time since 2002, as US casualties mount in the Iran conflict.
Oil Slips as Hormuz Traffic Rebounds, But Iran War Risk Lingers
Brent and WTI crude pull back as Strait of Hormuz traffic nears pre-war levels, even as the US-Iran conflict drags on and Washington points fingers over the Flydubai attack.
Micron Stock Upgraded to Buy as AI Chip Demand Surges, Even as ETFs Trim Positions
Analysts upgraded Micron Technology (MU) to Buy on October 5 citing AI-driven demand, while ETF flow data shows a net $46.7 million sell-off just days earlier.
Navitas and Microchip Unveil 800V Power Design to Power AI Data Centers
Navitas Semiconductor (NVTS) and Microchip Technology launch a new 800V DC-to-6V DC reference design aimed at improving efficiency in AI data center infrastructure.
Iran’s Oil Minister Resigns as Israeli Strike Hits Hamas Commander in Gaza
Iranian Oil Minister Mohsen Paknejad has resigned amid internal power struggles, while an Israeli strike killed a senior Hamas Nukhba operative in Khan Younis.