Bessent Hails "Very Successful" China Talks As Trump-Xi Summit Puts AI, Rare Earths And Energy On The Table

Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement' Summary Reports of Houthi missiles launched on Saudi Arabia: oil extends gains near month-highs. Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit. CENTCOM affirms with closure message. Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf. Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection. Oil prices climb:...

GTA VI Delay Fears Reignite As Ex-Rockstar Developer Says He "Would Not Be Shocked" Speculation about a delay to Grand Theft Auto VI is spreading online after a former Rockstar Games developer said that, based on his experience working on previous installments, he "would not be shocked" if the game slips again. Another postponement would add to the previous delays and spark frustration among gamers who have waited more than 13 years for a fresh, updated version of the series. Jake Brigstock of Indy100, a British digital news website, spoke...

Tech Leads Strong Growth Signals From US Services Sector Surveys; But Prices Are Soaring After last weeks impressive moves in Manufacturing survey data (though burdened with the baggage of a surge in Prices Paid), all eyes are on the Services side of the US economy with mixed results expected (S&P up, ISM small down). S&P Global US Services September slightly better than expected (58.8 vs 58.7 exp/flash vs 56.5 prior) - strongest in five years ISM US Services slightly worse than expected (54.9 vs 55.0 exp vs 55.4 prior) Quite a divergence... “September has seen...