Houthi Riyadh Airport Strike Lifts Brent to $105
Houthi missile strikes on Riyadh's airport killed at least 12 people and pushed Brent crude to about $105 a barrel as tankers were also hit.
Daily Digest
Daily Digest
Pomegra Newswire - Page 13 of 108
Daily market coverage from the PomiNews desk - every story with sentiment, impact, and key takeaways
Houthi missile strikes on Riyadh's airport killed at least 12 people and pushed Brent crude to about $105 a barrel as tankers were also hit.
Trump threatened 150% to 300% tariffs on foreign firms that skip US factories within 18 months, while China and the EU agreed to explore tariff cuts in Beijing.
UnitedHealth (UNH) reports Q3 2026 earnings on Oct. 13, with Medicare Advantage margins in focus after Humana's 11.6% surge on 2027 Medicare star ratings.
Brent crude holds near $100 as Tehran demands the US naval blockade end before the Strait of Hormuz reopens, leaving the crude oil price exposed to every diplomatic signal.
SoftBank is seeking up to $100B from Gulf investors for an AI acquisition fund while its roughly $65B OpenAI stake faces scrutiny over returns and leverage.
Nvidia, Oracle, CoreWeave, AMD and Micron fell after OpenAI's annualized revenue was put near $50 billion, not $70 billion, reviving AI spending doubts.
The Dow rose 0.83% to 51,655 and the S&P 500 gained 0.59% to 7,811 for the week, but oil near $100 and 10-year yields above 5% keep rate-hike fears alive.
US envoys Witkoff and Kushner opened Miami talks with Ukraine on an energy and Black Sea grain ceasefire, but Moscow shows little interest in partial truces.
Lumentum shares rose about 6% after its CEO said optical components are sold out through early 2029, with up to 70% of some demand unmet through 2027.
Michigan consumer sentiment fell to 46.3 in early October, a five-month low and below the 47.6 forecast, as one-year inflation expectations rose to 4.7%.
The OCC fined American Express $350 million over anti-money-laundering failures, and the Fed issued its own order after about $13 billion in suspected laundering went undetected.
Humana shares surged about 15% after its largest Medicare Advantage contract rose to 4 stars, while Alignment Healthcare fell more than 20% on a downgrade.
Apple shares fell about 2% on Oct. 9 after Nikkei Asia reported 15-20% cuts to iPhone 18 Pro component orders as memory-driven price hikes hit demand.
Webull (BULL) shares fell 19% to $5.89 after a House panel called its China ties a national security risk; the broker rejected the report as inaccurate.
Constellation Brands (STZ) slid after fiscal 2027 profit guidance missed the Street's $11.72 consensus, and HSBC cut the beer maker to Hold from Buy on Oct. 8.
Iran has stepped up tanker attacks near the Strait of Hormuz, pushing transits to a two-month low and keeping the Brent crude oil price above $100 a barrel.
Gold rose more than 1% to about $4,190 an ounce from a two-month low as the dollar softened, while silver climbed to around $60 in financial markets today.
Fed rate hikes are back on the table as Waller and Musalem call for more tightening, with traders pricing about an 83% chance of a December increase.
Wolfspeed shares jumped more than 15% before the open after the Pentagon offered a conditional 30-year, $1.5 billion loan with warrants for up to 7.5% of the company.
Delta Air Lines (DAL) posted Q3 adjusted EPS of $2.01, beat forecasts and held its full-year profit outlook despite higher fuel costs; shares rose 3.8%.
Iran-backed Houthis struck Saudi airports for a third straight day, killing three people and wounding 36, as Brent crude topped $104 a barrel and the group warned of a long war.
Trump said the U.S. will not attack Iran before the Nov. 3 midterms, citing productive talks, trimming the crude oil price spike as Hormuz risks persist.
SpaceX agreed to buy Grain Management's nationwide 800 MHz low-band spectrum for Starlink Mobile, sending AT&T, Verizon and T-Mobile down 6-8% after hours.
Neogen (NEOG) shares rose about 11% after the food-safety company raised fiscal 2027 revenue guidance to $885-890 million on a stronger-than-expected quarter.
A Russian guided-bomb strike on two Kramatorsk buses in Ukraine killed at least 30 on Oct. 8 as Kyiv blackouts deepened and Trump and Putin weighed a possible phone call.
The 10-year Treasury yield touched 5.36%, a 24-year high, before easing to about 5.3%, as rising interest rates and $100 oil weighed on U.S. stocks Wednesday.
The Labor Department suspended Microsoft, Adobe, Infosys, Wipro, Tata, Cognizant and others from the PERM green card program over alleged H-1B abuse, Vance said.
Starbucks has explored a takeover of Chipotle valued near $42 billion, sending CMG up as much as 8% and SBUX down 4% to 6% in a landmark restaurant deal report.
OpenAI's annualized revenue is about $50 billion, not $70 billion, sending Oracle down over 5% and the Nasdaq down 1.3% as AI stocks reprice growth bets.
Lululemon (LULU) shares edged higher after new CEO Heidi O'Neill named Athleta's Maggie Gauger president and Joseph Godsey COO, a month into her tenure.