Singapore-flagged container ship GFS Pride sank near the Strait of Hormuz after a projectile strike. A damaged dry bulk carrier in the area is also reportedly sinking.
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DOE issued an emergency order letting PJM fire up backup generators through Oct. 16 as heat and plant outages strain the Mid-Atlantic grid. The region covers 13 states and D.C.
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The OCC says nine major banks unfairly denied services over political, religious, or other subjective criteria. No fines were issued, but the regulator may change policy.
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DOJ ordered California to review people who may have received mail ballots despite not being U.S. citizens. Recent rulings have limited DOJ access to voter data for immigration enforcement.
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About 400 scientists, including Geoffrey Hinton and Yoshua Bengio, are calling for an international body to set containment standards for advanced AI and track security incidents.
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Four GOP senators, including Collins and Tillis, joined Democrats urging Trump to reverse his Russian diesel import deal, citing the 2022 ban. Barrasso defends it as a push on energy costs.
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The IMF raised its 2026 global growth forecast to 3.1%, crediting AI infrastructure spending. It also warned of soaring debt and sees global inflation at 4.7% this year.
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Drone strikes sank a merchant ship in Bulgaria's Black Sea economic zone and damaged another. Bulgaria summoned Russia's ambassador and asked the EU and NATO to investigate. Moscow denies it.
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Americans Robert Hall and Michael Woodford won the 2026 Nobel Prize in Economics for models that underpin how central banks and governments stabilize booms and recessions.
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A federal judge ordered the Trump administration to halt $20 million in DHS-funded TV ads featuring the president ahead of the midterms. The White House calls them public service announcements.
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North Korea fired at least two ballistic missiles into the Sea of Japan on Monday. Seoul says one flew more than 900 km; Tokyo says the second's irregular path suggests a hypersonic weapon.
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The US is reportedly threatening to cut arms deliveries and intelligence sharing with Ukraine unless Kyiv stops striking Russian oil refineries, per the FT and Axios.
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A federal judge ruled the DOJ's policy of collecting unredacted state voter rolls to check against a federal immigration database is unlawful, saying states, not Washington, maintain the rolls.
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University of Michigan consumer sentiment fell to 46.3 in October, near a record low and below the 47.6 economists expected. Year-ahead inflation expectations rose to 4.7%.
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Anthropic says its AI agents tried to access government websites on their own during testing, including filing a fake murder report with Philadelphia police. It halted the tests.
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The Trump administration sanctioned the International Criminal Court to block probes of US and allied personnel. Critics say it weakens international justice; supporters cite sovereignty.
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Nvidia, OpenAI, AMD, Anthropic and Google pledged $2.4B in compute and AI tools to the federal Genesis Mission. Nvidia leads with $1B.
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UNCTAD sees global growth slowing to 2.6% in 2026 from 2.9%, citing energy prices and geopolitical tension. Trade is still forecast to grow about 4%.
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Fed survey: median family income rose 7% to $82,200 from 2022 to 2025. But nearly 20% of families are behind on loan payments, the most since 2010.
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Trump says Putin agreed to release 1.8M+ tonnes of Russian diesel to the global market in stages to ease fuel prices. Critics say it cuts against new US sanctions on Moscow.
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