Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing

and just like that, the massive AI CapEx boom "excess demand" narrative is in doubt…

The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.

The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets late last month based on information that was provided to investors.

The most immediate reaction was in Nasdaq which tumbled over 1%…

https://www.zerohedge.com/markets/nasdaq-tumbles-after-ft-reports-openai-revenues-disappointing

Summary

Oil plunged after Trump said on Truth Social the US will not attack Iran before the November midterms.

Late Wednesday reports said Pentagon was ordered to prepare Iran attack options for before midterms.

Iran expanded tanker attacks beyond the Strait of Hormuz into the Persian Gulf and Gulf of Oman.

In Saudi Arabia, Riyadh airport suffers direct missile attack from Iran-aligned Houthis.

Russia's Crown Jewel Refinery Ablaze After Drone Strike, Data Center Also Hit In War First

Ukrainian drones have hit a major Russian industrial hub and oil refinery which lies very far away from the front lines of fighting, in Western Siberia, north of the Kazakh border.

The Omsk Oil refinery and industrial complex is located well over 1500 miles from the Ukrainian border. Regional Governor Vitaly Khotsenko announced Telegram that several drones were shot down by air defenses, but that one made it through to impact.

Ukraine's General Staff was quick to own up to the Thursday attack, stating, "The destruction of such facilities is the exercise by Ukraine of its inalienable right to self-defense in accordance with Article 51 of the UN Charter and is aimed at reducing the military-economic potential of the Russian Federation."

While the extent of potential damage to the refinery itself remains unknown, images from local residents showed explosions and fire in the area near the oil refinery.

Emergency crews are active at the scene of the facility, Russia's largest, which is owned by Gazprom Neft

https://www.zerohedge.com/geopolitical/russias-crown-jewel-refinery-ablaze-after-drone-strike-data-center-also-hit-war-first

Explosions Rock Riyadh's International Airport Amid Houthi Attack, Travelers Evacuate

King Khalid International Airport in Riyadh has come under Houthi attack once again on Thursday, and may have suffered a hit, as eyewitnesses have told Reuters of smoke rising from an aircraft at the major travel hub in the Saudi capital. Some new, unverified shocking images emerging…

https://x.com/MoloWarMonitor/status/2108165696593035438

Wired for War: The German spymaster caught in Mossad’s web

August Hanning is accused of working with a foreign intelligence agency, and all the evidence points one way

It took a bungled kidnapping for Germany’s former spymaster to be charged with espionage and treason, but August Hanning’s ties to Israeli spies and criminals should have set alarm bells ringing in Berlin long ago.

Hanning, who led Germany’s Bundesnachrichtendienst (BND) from 1998 to 2005, was arrested on Tuesday and charged with espionage, the disclosure of state secrets, and treason.

Prosecutors have alleged that Hanning bought state secrets from his former BND aide – identified as ‘Manfred D’, who remained in the agency after Hanning’s departure and served several of his successors. They claim Hanning acquired nearly 2,000 BND documents between 2010 and 2022, which he then leveraged in his work as a private security consultant at-large to the rich and powerful.

Hanning, part of the woodwork on the security conference circuit, used this material to prepare a report for an employee of a foreign intelligence service, and maintained “close contact with a representative of another foreign intelligence service,” to whom he passed information obtained by Manfred D “for several years.”

Prosecutors haven’t identified which foreign services Hanning collaborated with, though media reporting suggests one is believed to be the Foreign Intelligence Service of Azerbaijan, a country Hanning has openly lobbied for since the mid-2010s. As for the other, Hanning’s involvement in a bizarre kidnapping plot suggests one obvious culprit.

The Israeli kidnapping plot

German investigators picked up Hanning’s trail last September, when Hamburg police searched his apartment as part of an investigation involving multi-millionaire Christina Block, whose father built Germany’s most popular steakhouse chain, as well as a burger franchise, boutique hotels and gastro-resorts.

Ms. Block has been in a custody dispute with her ex-husband, Danish banker Stefan Hansel, since 2021. She is currently on trial for ordering the kidnapping of her two youngest children from their father’s care in Denmark. According to prosecutors, Block hired Hanning’s consulting firm, System 360, to carry out the abduction in 2022, but Danish police intervened before the System 360 team could snatch the children.

Hanning apparently gave up on the direct approach and decided to outsource the job to his contacts from the world of intelligence. These contacts were Yaakov Perry, the former chief of Israel’s Shin Bet domestic intelligence agency, and Danny Yatom, the former head of Mossad.

https://www.rt.com/news/646944-germany-august-hanning-mossad/

Top Huckabee Aide Downplayed Murders Of American Citizens To Make Israel Look Better

A top aide to U.S. Ambassador Mike Huckabee allegedly suppressed a detailed embassy report into the killings of nine Americans in the West Bank, according to a report Thursday.

David Milstein, the stepson of Fox News host Mark Levin, frequently suppressed or manipulated reports from staffers at the U.S. Embassy in Jerusalem to downplay Israeli settler attacks in the West Bank and portray Prime Minister Benjamin Netanyahu’s government in a positive light, The New York Times reported. He also allegedly intervened to suppress a “detailed” report by embassy staffers on the murders of nine U.S. citizens by Israeli settlers and security forces as members of Congress pushed for more information and accountability, according to The New York Times

After a ninth American, 19-year-old Nasrallah Abu Siyam, was shot dead in the West Bank while trying to prevent settlers from stealing his livestock in February, 30 members of Congress sent a letter to Secretary of State Marco Rubio demanding updates on investigations into the string of killings. The embassy completed a report by March that found the Israeli investigations had gone nowhere, some cases were closed, and no one had been charged. However, Milstein allegedly pushed to send a letter back in response to Democratic Maryland Sen. Chris Van Hollen, rather than sending the more detailed report, according to the outlet.

The report also alleges that Milstein has had a chilling effect on embassy staffers, with some staffers expressing concern about his relationship with Levin, a fervent ally of Netanyahu; downplayed the expansion of West Bank settlements, even though President Donald Trump has previously expressed opposition to the Israeli annexation of the West Bank; and dismissed mass casualties amid the delivery of food and aid to Palestinians.

The Daily Caller reached out to the embassy, which referred the Caller to an X post from Huckabee.

https://dailycaller.com/2026/10/08/mike-huckabee-david-milstein-new-york-times-report-embassy-jerusalem-american-citizens-killed-west-bank/

every time

Banks seize 42% more homes as Americans fall behind on mortgages. Sellers are still delusional when it comes to what they believe their house is worth.

More American’s are losing the keys to their houses.

Foreclosures are climbing across the US, with the number of homes repossessed by lenders surging 42% from a year ago as more struggling homeowners reach the end of the foreclosure process.

Lenders repossessed 5,794 properties through completed foreclosures in August, up 22% from July and a 42% from August 2025, according to a new report from real estate data firm ATTOM.

Overall, 40,277 US properties received some form of foreclosure filing — including default notices, scheduled auctions and bank repossessions — during the month. That was up just 1% from July but 13% from a year earlier, continuing a months-long trend of foreclosure activity running above 2025 levels.

https://www.investmentwatchblog.com/banks-seize-42-more-homes-as-americans-fall-behind-on-mortgages-sellers-are-still-delusional-when-it-comes-to-what-they-believe-their-house-is-worth/