Odaily Morning News
1. Bank of America warns that the market trend resembles the period before the 2007 crisis;
2. Trump: Once the Iran war ends, the economy will immediately rebound;
3. Sources: The Trump administration severely underestimated Iran's willingness to close the Strait of Hormuz;
4. Trump: The US military has bombed military targets on Khark Island, Iran's oil export hub;
5. CFTC Chairman: The CFTC is setting standards and recruiting talent for cryptocurrency, AI, and prediction markets;
6. Ethereum Foundation releases the "EF Mandate" declaration: emphasizing self-sovereignty and decentralization principles;
7. Cryptocurrency industry lobbying groups have invested about 271 millions USD to influence the 2026 US elections;
8. The Wall Street Journal: The Pentagon is considering deploying more warships to escort the Strait of Hormuz;
9. British media: Some European countries are negotiating with Iran to resume shipping in the Strait of Hormuz.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Stock Market Movements | Oil stocks generally rise, BP (BP.US) up over 3%
On Thursday, oil stocks generally rose, with BP (BP.US) up more than 3%.
CleanTech Lithium expands foothold in Argentina
BUZZ-Better Home & Finance shares rise after announcing a $30 million stock buyback plan
October 8 - Better Home & Finance (BETR.O), a mortgage and home equity financing company, saw its stock price rise 3.8% to $10.30 in pre-market trading after announcing a share repurchase plan. BETR stated that its board of directors has approved a stock buyback program of up to $30 million, with an initial phase of $10 million to kick off the repurchase. The company plans to adjust the pace of the repurchase based on realized operational cost savings and asset disposal progress, such as the proposed sale of its UK bank subsidiary. The buyback program is set to expire on October 8, 2027. In August, BETR forecasted that its Q3 revenue would be below Wall Street expectations as it focuses on partnership opportunities and accelerating the development of its home equity credit business. As of the previous trading day's close, the company's market capitalization was approximately $175 million. As of Wednesday, the stock has dropped about 70% year-to-date. According to LSEG data, seven out of eight analysts rate the stock as "strong buy" or "buy," with one rating it as "hold"; the median target price is $25. (For the convenience of non-English speakers, Reuters provides translated automated reports in several other languages. As automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of these texts and provides them simply for convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translation.)
Fed Governor Waller leaves room for hawkishness: More rate hikes are needed to support inflation decline, not necessarily on a monthly basis.
Federal Reserve Governor Waller stated that if the data meets expectations, there will be further interest rate hikes. The core PCE year-on-year rate at 3% is still too high, and the recent monetary policy focus remains on fighting inflation.

