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EasyA, a platform helping developers build blockchain and AI applications, received an independent valuation of $1.1 billion as it prepares a direct listing in the first half of next year. The company has submitted a draft registration to the SEC after two years of audits, though the valuation does not guarantee the price investors will pay once shares trade. EasyA says its app has more than 1.3 million users and is considering tokenized shares, potentially available from the first day of trading. It is also expanding through EasyA Labs into tokenization projects and AI agent applications. The company works with partners including Ripple and Solana, helping them reach developers through educational programs and hackathons.
- AWS Backlog Hits $496 Billion While Cloud Margins Surge to 39% Making Amazon a Must-Own Growth Stock
Amazon's AWS backlog reached $496 billion, more than double the $244 billion at the start of 2026, which the article cites as a key driver of growth. In its fiscal second quarter, Amazon's revenue rose 20% to $200.6 billion, its best revenue growth since 2021, while AWS sales jumped 37%. AWS operating margin climbed 650 basis points to 39.4% from 32.9% a year earlier. Net income reached $62.6 billion, or $5.75 per share, but was inflated by a $53.4 billion gain on its Anthropic investment, and the company plans $220 billion in capital expenditures with negative free cash flow in the quarter. The author argues the stock is cheap at about 20 times earnings, near its lowest level in more than 10 years, after rising about 13% year to date.
- Iraq says lost $60 billion as Mideast war hits oil exports
Iraq's Foreign Minister Fuad Hussein said the country has lost an estimated $60 billion during the recent war between the United States and Iran, as Iran's blockade of the Strait of Hormuz disrupted oil flows. Before the conflict, Iraq produced about four million barrels per day and exported 3.5 million bpd, but lacking storage it halted most output and relies on limited exports via Syria by truck and Turkey by pipeline. Exports recovered modestly to 2.6 million barrels per day between September 1 and 21, yet foreign currency reserves fell $20 billion, consumer prices surged and the central bank devalued the dinar for the first time in more than three years. Oil exports provide about 90 percent of revenues, and authorities aim to raise non-oil revenues from 10 percent to 45 percent by 2037.
- India current account deficit narrows to $5 . 2 billion in August as capital account surplus hits $50 . 6 billion
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- Duong Son Ba Arrested, Hai Phong Thermal Power Loses Lawsuit and Must Pay VND 115 Billion to Partner
Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
- Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities
Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.
- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound
Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.
- Baystreet . ca - When Might October Nasdaq Correction End ?
The Nasdaq Composite (QQQ ETF) is 6.96% below its 52-week high after falling 5.52% last week, close to the 10% threshold for a technical correction. The article says high oil prices, sustained by Iran's control of traffic through the Strait of Hormuz, keep September CPI and PPI rising, and that Iran wants higher oil prices to hurt the Republican Party before the midterm elections, so the correction in beaten-down stocks may continue. CoreWeave (CRWV) lost 25.21% last week, closing just 3% above its yearly low, while bears holding a 17% short float bet its $50 billion debt is unsustainable. Nebius (NBIS) fell 25% and Twilio (TWLO) dropped 15.6%, while Autodesk (ADSK), Salesforce (CRM) and Adobe (ADBE) drew buying. The article suggests volatility may ease after the midterms.
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