Jeff Bezos Makes "Wild" Prediction about Space

Trump’s homebuilding push

Bezos’s space data center prediction

Japan’s Margaret Thatcher

In a Sunday Truth Social post, Trump called on the government-sponsored enterprises to "get Big Homebuilders going," noting they guarantee over half of U.S. mortgages and have been under federal conservatorship since the 2008 crisis but are now profitable.

Trump likened homebuilders' alleged supply restrictions to OPEC keeping oil prices high before his presidency and must now build homes with available funding.

The push follows Trump's August meetings with top bank executives on privatizing Fannie and Freddie.

⭐ Editor’s Pick: France's newly appointed Prime Minister Sebastien Lecornu resigned, as the country's political chaos persists. (CNBC)

The Trump administration warned that mass layoffs of federal workers will commence if negotiations with Democrats fail to resolve the government shutdown. (RTS)

A report commissioned by the ALFA Institute estimates that $100 billion in data center investments over the next five years could create 500,000 jobs, boost U.S. GDP by $140 billion. (SEM)

Goldman Sachs CEO David Solomon expressed confidence in the U.S. economy and markets, forecasting steady growth and accelerating dealmaking by 2026. (TWA)

⭐ Editor’s Pick: BigBear.ai could be a potential successor to Palantir in the AI-driven defense and commercial markets, boasting a growing institutional backing, according to MarketBeat. (MB)

Despite Warren Buffett's sales, Apple and Amazon remain top buys for $1,000, with Apple's loyal ecosystem and Amazon's AI-driven cloud growth offering strong long-term value, Motley Fool says. (MF)

Morningstar identified 10 undervalued stocks, including Constellation Brands and Adobe, trading significantly below their fair value estimates, presenting attractive long-term investment opportunities. (MS)

Robust affluent consumer spending is fueling momentum in select REITs, with top Strong Buy picks including DiamondRock Hospitality and Howard Hughes Holdings, according to Seeking Alpha. (SA)

⭐ Editor’s Pick: Hollywood's entertainment industry is spiraling downward, with work opportunities evaporating, businesses shuttering, and longtime residents departing. (WSJ)

Costco is partnering with Novo Nordisk to provide members discounted access to the weight-loss drugs Wegovy and Ozempic. (FOX)

Steak 'n Shake has begun installing the tallest and biggest American flags permissible by local governments at all its restaurants nationwide. (FBN)

⭐ Editor’s Pick: China devised a clandestine payment mechanism, secured by a prominent Chinese insurer, to purchase Iranian oil while evading U.S. sanctions. (WSJ)

Urenco USA is expanding its uranium enrichment facility, the only commercial operation of its kind in the U.S., to meet the fuel demands of the nation’s nuclear fleet. (CNBC)

Gold prices surged to a record high of $3,920.31 per ounce in early Asian trading. (INV)

OPEC+ will raise oil output by 137,000 barrels per day starting in November, matching October's modest increase. (RTS)

⭐ Editor’s Pick: Bitcoin's price surged to a new all-time high above $125,000 early Sunday morning as the market continues its "Uptober" momentum. (TB)

Tether is aiming to raise at least $200 million to expand its tokenized gold and crypto treasury offerings. (BBG)

Coinbase seeks a federal charter from the OCC to enhance innovation and integration between crypto and traditional finance. (CB)

Morgan Stanley's Global Investment Committee has recommended that clients allocate 2% to 4% of their portfolios to crypto. (CN)

Bezos said space-based data centers will benefit from 24/7 solar power, free from weather disruptions, potentially surpassing terrestrial data centers in cost and efficiency within decades.

The current AI wave mirrors the dot-com era, with Bezos noting that while bubbles may burst, AI’s societal benefits will be widespread and enduring.

Data centers are part of a trend where space infrastructure, like weather and communication satellites, enhances life on Earth, with manufacturing as a future step.

Orbital data centers face hurdles like high launch costs, potential rocket failures, and difficulties in maintenance and upgrades.

⭐ Editor’s Pick: OpenAI and AMD reached a deal that could see Sam Altman’s company take a 10% stake in chipmaker. (CNBC)

OpenAI's unannounced screenless wearable device, developed with former Apple designer Jony Ive and featuring a camera, microphone, and speaker for AI interaction, is already encountering pre-launch issues. (TG)

xAI plans to invest more than $18 billion to acquire approximately 300,000 additional Nvidia chips for its Colossus 2 supercluster in Memphis. (WSJ)

OpenAI's invite-only Sora video generation app surged to the top of Apple's App Store free apps. (CNBC)

⭐ Editor’s Pick: Elon Musk released a video of Tesla's Optimus humanoid robot learning martial arts. (TES)

China, grappling with a population decline, installed a record 295,000 new industrial robots last year. (BS)

Researchers developed ARGUS, a mobile robotic security system that integrates facial recognition and weapon detection to address both threats in sensitive environments like hospitals and campuses. (HNS)

A garbage truck driver employed his vehicle's robotic arm to intercept a wayward lamb, facilitating a rescue that saved the animal from peril. (PT)

⭐ Editor’s Pick: China unveiled an automated system deploying thousands of quadcopter drones for light shows, highlighting the military threat of weaponized drone swarms capable of devastating attacks. (TWZ)

Pentagon leadership directed supervisors to expedite the removal of underperforming civilian employees. (DS)

SpaceX secured a $714 million Pentagon contract for five military launches in 2026, outpacing Jeff Bezos' Blue Origin. (FC)

DARPA published plans outlining a roadmap for jump-starting a self-sufficient moon economy. (SP)

⭐ Editor’s Pick: Heidi Health, developer of AI agents to assist doctors, raised $65 million in a Series B round led by Point72 Ventures, bringing its total funding to $96.6 million. (TC)

Cybersecurity startup Filigran has raised $58 million in a Series C funding round led by Eurazeo, with participation from Deutsche Telekom. (SIF)

Alvys, an AI-powered logistics software provider serving over 1,000 customers, raised $40 million in a Series B round led by RTP Global. (CBN)

Scorability, a college sports recruiting marketplace connecting athletes and coaches, raised $40 million in a round led by Bluestone Equity Partners. (CNBC)

Takaichi, a former economic security minister and protégé of the late Shinzo Abe, defeated Agriculture Minister Shinjiro Koizumi in a runoff vote after topping the first round with 183 votes to his 164.

Takaichi replaces Prime Minister Shigeru Ishiba amid the LDP's losses in parliamentary elections, which stripped its majority in both houses.

A hawkish figure inspired by Margaret Thatcher, Takaichi advocates strengthening Japan's military, a tougher stance on China and North Korea, and opposes same-sex marriage while maintaining nationalist ties.

⭐ Editor’s Pick: xAI will launch a beta version of Grokipedia on October 20, an open-source platform leveraging the Grok AI model to counter bias on Wikipedia. (FL)

Australia's eSafety Commissioner threatened X with fines for failing to remove posts featuring footage of Iryna Zarutska's fatal attack by a violent criminal. (RTN)

The Net Zero Banking Alliance ceased operations after four years amid significant exits by major banks like JPMorgan Chase due to anti-ESG trends. (TREL)

Amazon altered promotional posters for James Bond films by removing all depictions of guns from images of actors like Sean Connery, Roger Moore, and Pierce Brosnan. (TEL)