UMich Consumer Confidence Slides In September As Republicans Lose Faith

Saudi Arabia Cancels In-Person 'Davos In The Desert' Event Amid Houthi Attacks Update(11:13ET): Saudi Arabia, having come under nearly daily ballistic missile attacks from the Houthis in Yemen, will not hold its 'Davos in the Desert' flagship investor conference in-person next week. Instead it looks to merely be an online event.  "Saudi Arabia’s Future Investment Initiative, a marquee showcase for foreign investment, was to gather the global financial elite in Riyadh beginning Oct. 26," The Wall Street Journal reports. "Organizers decided Monday that if the conference goes ahead, its sessions will be held virtually...

Russia-Linked Arms Trafficker, Corrupt African Officials Tried To Supply Mexican Cartel With Surface-To-Air Missiles Submitted by The Bureau's Sam Cooper (emphasis our own),  Federal prosecutors in Virginia have charged four men — a Bulgarian arms trafficker with ties to the notorious Russian weapons dealer Viktor Bout, and several African co-conspirators with connections to the governments of Uganda and Tanzania — with conspiring to supply the Cartel de Jalisco Nueva Generación with a $58 million military arsenal that included rocket launchers, surface-to-air missiles, anti-aircraft drones, and high-powered explosives the brokers boasted could bring...

AMD Crashes Despite Big Beat, CapEx Almost Triple Expectations AMD beat on its top- and bottom-line: Revenue: $11.54B vs $11.28B expected Adjusted EPS: $1.66 vs $1.62 expected Good news. With Data center revenue up 107% year over year to  $6.72B, better than the $6.6B expected. More good news. As Bloomberg reports, last month, Chief Executive Officer Lisa Su rolled out new products that the company said will outperform offerings from Nvidia, adopting a more aggressive stance in a market it predicts will reach $1.4 trillion by 2030. That further raised already lofty investor expectations. The chipmaker forecast that...