Thursday, October 15, 2026
13 stories
Federal agents arrested a 35-year-old Saudi national who worked at OpenAI, accusing him of hiding a recorder wrapped in toilet paper behind a conference-room television. The case is a reminder that the biggest espionage threats to Silicon Valley companies often come from inside their own walls. The Journal reports the valley has been bracing for spies even before this arrest.
Apple's market value closed above $5 trillion, putting it in a tiny club alongside Nvidia. The Journal notes the iPhone maker is there largely on AI optimism, even as investors watch whether new CEO John Ternus can raise the company's AI game.
The world's largest contract chipmaker signaled it is weighing a Texas expansion and is open to joining large-scale AI infrastructure projects, including talks around Elon Musk's terafab. The announcement comes as AI demand extends the company's record earnings streak.
The chip manufacturer plans to build two chip plants in New York using up to $20 billion in funding from Japan plus money from the CHIPS Act. The U.S. Commerce Department plans to take a 4% stake in the company as part of the deal.
Character.ai, the startup whose AI avatars let users chat with fictional characters and real public figures, has filed for Chapter 11 bankruptcy. The company had faced scrutiny over the effects of its platform on teenagers' mental health.
U.S. consumer prices rose broadly in September, pushing inflation to 3.7%. The hotter reading suggests high energy prices are tightening their squeeze on households just weeks before November's midterm elections.
Oil prices climbed as traders reacted to reports that a Saudi Aramco building in Dhahran was targeted, along with the risk of attacks on shipping through the Strait of Hormuz. The International Energy Agency said Middle East crude flows remain vulnerable to strikes on energy infrastructure.
Deadly Houthi missile strikes have forced Saudi airlines to race billions of dollars' worth of aircraft out of harm's way. It is a vivid sign of how the regional conflict is upending commercial aviation.
A Swiss banking giant is publicly weighing what was once unthinkable: moving its headquarters out of Switzerland. The bank is sparring with Swiss politicians over substantially higher capital requirements and has received approaches from potential U.S. deal partners.
Mukesh Ambani's telecom arm is seeking a $108 billion valuation and aiming to raise more than $3 billion, in what could become India's largest-ever listing. The deal is a landmark for the country's fast-growing capital markets.
Space Force electromagnetic-warfare systems are playing a key role in U.S. military operations, including campaigns tied to Iran and Venezuela. A visit to a Colorado base offered a rare look at the weapons most people never think of as part of modern war.
A federal judge ruled that President Trump cannot reinstate a White House ban on CNN, Politico and MS NOW. The decision extends a temporary block on the move to restrict the three outlets' access while they challenge it in court.
New York City's planned pied-à-terre tax on second homes is hitting wealthy out-of-towners with a double hit, including Trump envoy Steve Witkoff. The move is part of mayor-elect Zohran Mamdani's agenda, which is putting property tax abatements intended for local residents under scrutiny.