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The order to limit a satellite system used by Ukraine for battlefield communications and drone operations came from inside the White House, per Reuters. Read more: https://t.co/1cpydHFiEd

Jeff Bezos says AI could let Americans support a family working just three days a week. He also predicts more single-income households, and even a labor shortage instead of mass job losses. Amazon has cut about 30,000 jobs since late 2025.

Tech billionaires are pulling away from the rest of the ultra-rich. The world’s ~100 tech billionaires added a record $845 billion through September, per Bloomberg, driven by the AI boom. Their combined fortune: $4.6 trillion. Every other billionaire combined? Down $62 billion. Elon Musk alone gained $310 billion, about 40% of the entire index’s increase.

Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’ Anthropic announced today that it’s creating a “public benefit fund” that will give the company “increased flexibility and scale” to support projects for societal good.

JPMorgan warns that rising 30-year Treasury yields are becoming a growing threat to small- and mid-cap stocks. The driver: deteriorating government finances around the world. About 60% of global GDP now comes from countries with debt above 100% of GDP and ongoing budget deficits, which JPMorgan calls unprecedented.

BREAKING: A record 21.2% of new-car buyers now pay $1,000 or more a month, up from 19.1% a year ago, per CNBC 69% of them took loans of six years or longer to make it work.

JPMorgan, $JPM, is the world’s most AI-advanced bank for the fifth straight year, and it’s pulling further ahead, per the Evident AI Index. The top five: JPMorgan Capital One Royal Bank of Canada Commonwealth Bank of Australia UBS, the only European bank in the top 10

America appears in a homebuyer recession. Mortgage purchase applications are down 60% from their pandemic peak, per Redfin. Demand is now back near 1995 levels, lower than at any point during the 2008–2012 housing crash. It comes as mortgage rates sit above 7%, pending home sales hover near record lows, and a record 14% of September deals were canceled.

Diesel prices set to stay high through 2027 as refineries struggle to meet demand, per Goldman Sachs.

US threatens Europe over Starlink restrictions, per FT

More wives are out-earning their husbands. The share of women in heterosexual marriages who earn as much as or more than their husbands has nearly tripled over the past five decades, per Pew Research Center. In 1972, about 1 in 6 marriages looked like that. Today, it’s nearly half.

There have been increases in rates of prostate, kidney, womb, liver, pancreas and breast cancers among adults aged under 50, per Sky News

The price of the fuel, used by farmers and truckers, is up more than 75% since the start of the Iran war in late winter. Diesel costs have become a particular concern for economists, who say higher diesel fuel costs trickle down into “just about everything," per CNBC

BREAKING: Banks are taking back more homes. Lenders repossessed 5,794 homes in August, up 42% from a year ago and 22% from July, per ATTOM. That’s far faster than the 13% rise in overall foreclosure filings, meaning more distressed homeowners are reaching the end of the process.

BREAKING: BlackRock's Larry Fink says that a data center moratorium could trigger a recession, per CNBC

China has been quietly dumping U.S. debt. Its holdings of U.S. Treasuries have fallen by more than half, from a record $1.32 trillion in 2013 to $618 billion in July, the lowest level since 2008. The selling has been steady: 2022: -$173 billion 2023: -$51 billion 2024: -$57 billion 2026 so far: -$76 billion China has fallen to the 3rd-largest foreign holder of U.S. debt, behind Japan and the UK.

Microsoft has pulled out of a UK data center deal with British AI cloud company Nscale. Microsoft had planned to build a supercomputer with more than 23,000 GPUs at Nscale’s site in Loughton, near London. Nscale’s UK site had also reportedly faced delays due to power grid problems.

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BREAKING: Trump has said that France should close its borders amid violent unrest, saying that “France is burning” and blaming immigration for the protests.

BREAKING: President Trump has declined to rule out declaring a national emergency related to the 2026 midterms, per Reuters

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BREAKING: Anthropic has quietly pitched Capitol Hill lawmakers on a draft bill to regulate frontier AI safety and security, per POLITICO The bill would let the government block a model’s release or use only if it poses a foreseeable, imminent risk of more than $1 billion in damages, or of killing or seriously injuring more than 50 people.

Iran urges US to accept proposal to reopen Strait of Hormuz, per Reuters

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Steve Bannon says that if Republicans lose the House in November, Health Secretary Robert F. Kennedy Jr. and Defense Secretary Pete Hegseth will likely be impeached. Read more: https://t.co/80kucEeKGI

Elon Musk has said that unless there is a major world war, SpaceX probably gets to more than $100 trillion in value in under 10 years. Read more: https://t.co/pqKoNcptYE

Barclays says the most likely structure is SpaceX acquiring Tesla in an all-stock deal, with Tesla shareholders receiving about 0.7 SpaceX shares for each Tesla share, plus a likely premium. Read more: https://t.co/rUImSqpW1w

BREAKING: Canadian Prime Minister Mark Carney said Saturday that a “serious incident” caused a major fire at a military base in Alberta. Story is still ongoing and unfolding, per AP