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Freyr Energy, India's second-largest residential rooftop solar company under the PM Surya Ghar scheme, has named World Cup-winning captain Rohit Sharma as its first brand ambassador. The partnership launches the nationwide 'Solar Ho, Toh Freyr Ho!' campaign, which includes a humour-led ad film, 'Rishta Pakka', about solar and subsidies. The company says it has installed 24,000+ systems across 40+ cities, and eligible households can receive government subsidy support of up to 78,000. Co-founders Saurabh Marda and Radhika Choudary stressed that rooftop solar systems operate for 30 years, so customers need a company that keeps supporting them long after installation.
- Forge First Asset Management Launches ETF Series and USD Hedged Series of its Alternative Strategies
Forge First Asset Management, a wholly owned subsidiary of CI Global Asset Management, has launched ETF series of two liquid alternative funds, CI Forge First Conservative Alternative Fund (Low risk) and CI Forge First Long Short Alternative Fund (Low-to-Medium risk), which begin trading today on the TSX. Both funds now also offer U.S. dollar hedged Series AH, FH, IH and PH alongside Series A, F, I and P. The Conservative fund targets consistent risk-adjusted returns with low correlation to North American equity and credit markets, while the Long Short fund aims for a positive net total return regardless of market conditions. The company says the launch expands CI GAM's ETF lineup, which now includes 128 ETFs and $39 billion in assets under management.
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21shares has launched the 21shares Anthropic Synthetic ETP (ticker $CLAU), which began trading on October 13 on Vienna MTF, operated by Wiener Börse. The product offers continuous, unleveraged exposure to Anthropic's implied valuation before its IPO, which 21shares describes as the first such ETP in Europe. Rather than holding shares, it tracks the valuation through total return swaps linked to the Kaiko Anthropic USD Reference Rate, which is based on Anthropic perpetual futures traded on Binance. The ETP carries a total expense ratio of 1% and a 2% exit fee. President and CIO Duncan Moir said the product lets investors trade private-market valuations as easily as traditional stocks or ETFs, marking an expansion beyond crypto products.
- Meta Launches Muse Wonder, Its First Frontier AI Model: Can It Pay for the Capex?
Meta released Muse Wonder and Muse Wonder Full, its first frontier models from Meta Superintelligence Labs, and the stock rose about 3.4% to close at $742.96. Muse Wonder is available now via Meta's API and Muse Code at $4 per million input tokens and $20 per million output, while Muse Wonder Full is reserved for Muse Code subscribers. Independent evaluator Artificial Analysis scored Wonder Full at 56 on its Intelligence Index, up from 48 for Muse Spark and level with Claude Sonnet 5.5. Capital expenditure reached $30.12 billion in the second quarter of 2026, up 82% year over year, and the last four quarters total about $89 billion. The mean analyst price target of $799 implies limited upside, and the article questions whether Wonder can generate enough revenue to offset that spending.
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Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.
- Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention
On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².
- Semiconductor Sell-Off: 5 Stocks to Buy on the Dip
The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
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The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
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