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- OpenAI bugging suspect booked one-way ticket to Saudi Arabia with family before arrest
Federal prosecutors say Abdulrahman Alfozan, a Saudi national charged with secretly installing a recording device in an OpenAI executive conference room, booked a one-way ticket from San Francisco to Saudi Arabia for himself, his wife and another family member before his arrest. The filing, dated Oct. 8, asked to seal the complaint because prosecutors feared he could flee if he learned of the case; he was arrested Oct. 9 and remains detained. Alfozan, 35, is a venture partner at Saudi firm Raed Ventures, which lists him as OpenAI's Engineering Lead. OpenAI fired him this month, saying it has no indication he accessed model weights, source code or customer data, and declined to say whether it knew of his role at the Saudi firm. If convicted, he faces up to five years in prison and a $250,000 fine, though he is not charged with corporate espionage or trade secret theft.
- Saudi inflation remains stable at 1.9% in September despite global shipping risks
Saudi Arabia's annual consumer price inflation held at 1.9% in September 2026 and was unchanged month-on-month, according to GASTAT, even as tensions along maritime routes could push up shipping costs and disrupt supply chains. Housing, water, electricity, gas and other fuels rose 3.6% year-on-year and contributed the most (0.7 percentage points), followed by transportation at 2.3% and food and beverages at 1.4%. The Wholesale Price Index rose 4.2% year-on-year, led by a 26.1% jump in basic chemical prices, but fell 0.2% from August, mainly due to a 0.9% drop in refined petroleum products and fuels.
- Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia
Oil prices rose on supply-disruption fears as fighting between Saudi Arabia and Iran-backed Houthis escalated after a deadly Houthi attack on Riyadh's main airport. Brent crude for December delivery gained 1.24% to $107.02 a barrel, while WTI for November rose 1.18% to $95.25. According to Al Jazeera, a Saudi-led coalition struck Houthi energy terminals and fuel reserves in Yemen, though a spokesperson said precautions were taken to avoid civilian collateral damage. US–Iran tensions also simmered, with CENTCOM rejecting claims by Iran's IRGC Navy commander that the Strait of Hormuz was under Iranian control and that approaching US warships would be sunk. Hedge fund manager Paul Tudor Jones, who said on CNBC that he is long oil, believes prices could rally another $20-$25.
- Delta delays debut of Saudi Arabia service until March after Riyadh airport attacks
Delta Air Lines has delayed the launch of its Atlanta–Riyadh nonstop service, originally planned for October 23, until March after deadly attacks at King Khalid International Airport in Riyadh. The attacks, claimed by Yemen's Iran-backed Houthis, escalated on Saturday when a projectile struck a passenger terminal, killing at least 12 people and wounding more than 300, and the airport remained closed as of Monday. According to FlightAware, more than 2,000 flights to and from the airport have been canceled since Thursday. The FAA issued a warning on Sunday urging pilots to exercise caution around Saudi Arabia due to safety-of-flight risks, effective until Dec. 10. Delta said it remains committed to serving Saudi Arabia for the long term.
- FAA warns U.S. airlines of safety risks over Saudi Arabia after attacks
The FAA told U.S. airlines to exercise caution in or around Saudi Arabia after deadly attacks claimed by Yemen’s Iran-backed Houthis, citing safety-of-flight risks from ongoing military activities and navigation systems. The warning is in effect until Dec. 10. King Khalid International Airport in Riyadh remained closed as of Monday, after a projectile struck a passenger terminal on Saturday, killing at least 12 people and wounding more than 300. Airlines suspended flights, some for the rest of the week, and the U.S., Australia and other countries advised citizens against travel to the region. Delta Air Lines has postponed its planned Atlanta–Riyadh nonstop launch from Oct. 23 until March.
- Saudi Arabia says drones and missiles still targeting kingdom as Iran-backed Houthis step up attacks
Saudi Arabia said it is dealing with more drone and missile strikes as multiple countries, including Australia, New Zealand, the U.K. and the U.S., warned citizens against travel to the kingdom after deadly Houthi attacks on Riyadh's airport. The deadliest strike on Saturday killed 12 people and injured more than 300, and a Sunday strike killed one person and injured nearly a dozen. Airlines canceled hundreds of flights and about 100 were diverted, while the FAA warned U.S. carriers of risks around Saudi Arabia, and Delta is still deciding whether to postpone its planned Atlanta-Riyadh launch. U.S. President Donald Trump said the U.S. 'may' join Saudi retaliation against the Houthis, while Iran's foreign minister offered to help start Saudi-Yemen dialogue and said Tehran was still reviewing a U.S. response on reopening the Strait of Hormuz.
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- Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
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.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
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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