WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs

US Manufacturing Sector Survey Hits 53-Month High, But "Cost Pressures Remain Key Concern" After surging in September (and prompting some exciting moves in Treasuries - and STIRs), preliminary October PMIs from S&P Global were expected to drop modestly (for both Manufacturing and Services). Instead it was more mixed with Manufacturing better than expected (56.0 vs 55.9 prior vs 55.5 exp) but Services down a little (57.9 vs 58.8 prior vs 58.0 exp). That is a 53-month high for the Manufacturing sector... The US remains the strongest economy in the world based on these...

World's Largest Chipmaker, Taiwan Semi, Accelerates Local DRAM Supply Chain With Winbond Collaboration In a time of heightened scrutiny on the memory supply chain, overnight the world's largest chipmaker, Taiwan's TSMC, is reportedly building out a domestic DRAM supply chain in Taiwan amid a severe global memory shortage, bringing in Winbond as a partner, UDN reported. TSMC and Winbond are collaborating on a localized DRAM supply chain using 3D wafer-on-wafer (WoW) stacking technology, where Winbond would supply DRAM memory wafers to be stacked with TSMC's logic wafers. The move is designed...

Attack Drone Hits Warsaw-Bound Passenger Train Near Polish Border, Raising NATO Spillover Risk Western media outlets reported early Sunday that a Russian attack drone struck a civilian locomotive on the Kiev-to-Warsaw route just two kilometers from Poland's border. Whether a false-flag operation or an actual Russian strike, the incident suggests mounting spillover risks near NATO territory ahead of the Northern Hemisphere winter. 🚨 BREAKING: Russian drone targeted a passenger train on the border with Poland. "Russian barbarians are at your gate, dear partners. Act now: throw the full weight of your sanctions...