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Stock Market Today: Chip Stocks Plunge on AI Funding Worries
The stock market today is firmly in the red as a global rout in chip stocks deepens. Nvidia, AMD and Dell are leading the declines, with selling spreading from the United States across Asia as investors question whether the money behind the artificial-intelligence buildout will keep flowing. It is the kind of session that reminds…
Sam Marshall Traded to St Kilda for 2027 First-Round Pick, October 10
St Kilda completes trade for Brisbane’s Sam Marshall, sending 2027 first-round pick to Lions. Marshall played 13 games across two seasons including 2025 premiership.
Google Launches Gemini 4 Argon AI Model; GOOGL Slides 0.6% on October 9
Google launches Gemini 4 Argon frontier AI model and Gemini agent for enterprise work. GOOGL stock down 0.6% as AI competition heats up. Pricing starts at $2 per million input tokens.
OpenAI Revenue Miss Triggers $2.7T AI Selloff on October 9
OpenAI’s $50 billion revenue disclosure, $20 billion below expectations, triggered a sharp selloff in AI stocks. Nvidia fell 3%, Oracle 6%, CoreWeave 8% on October 8.
Sheng Siong’s Facial Recognition Catches Shoplifter After 12 Thefts, October 9
Sheng Siong’s facial recognition system identified a 45-year-old woman who stole groceries worth S$90 across 12 visits. She was sentenced to one week in jail on October 8, 2026.
Crystal Jade Closes Four More Outlets, Cuts 120 Jobs Ahead of Sale
Crystal Jade closes four Singapore outlets and terminates 120 workers on October 6 as receivers prepare the business for sale. Nine restaurants remain open.
Bathurst 1000 Drivers Fail Mandatory Test; Some Turn to ChatGPT
Bathurst 1000 drivers face mandatory 100% safety test with flawed questions. One driver failed three times; others used ChatGPT. Test answers contradict Supercars rules.
Arthur Hayes Warns AI Boom Will Waste Trillions, Predicts Crypto Rally by 2028
Arthur Hayes predicts AI data-center overbuilding will lead to a market crash and bailout by late 2027 or 2028, positioning Bitcoin to benefit from excess liquidity.
Singapore Retrenchments Hit Post-Pandemic High as Re-entry Rates Fall
Singapore retrenchments rose to 4,620 in Q2 2026, the highest since late 2020. Re-entry rates fell to 54.9%, and retrenched PMETs face median 25% wage cuts. Government reviews support measures.