Samsung Electronics issued third-quarter guidance, expecting strong memory chip sales driven by AI demand. The company forecast operating profit to rise 782% year on year. It also projected revenue of about 195 trillion won, up nearly 127% from the same period last year. Samsung said the quarter could set a new profit record.

Escalating tanker attacks in the Middle East and the approach of Storm Isaias toward the Gulf of Mexico have constrained U.S. crude output, lifting Brent above $104 a barrel. Higher energy costs have driven bond yields higher, with the 30-year government bond yield rising to 6.0117%. Global stock markets have come under pressure and moved lower.

India’s wheat inventories as of July 1 were up about 46% from a year earlier, with rice stocks also ample. The 2025-26 wheat output forecast was raised to 1.207 billion tonnes, nearly 10% higher than the previous year. Government procurement also strengthened, with 2026-27 purchases reaching about 33.80 million tonnes by June 15, above the year-ago pace. The government plans to release reserves via open-market sales to steady domestic food prices and curb inflation.

Nasdaq-listed BitMine Immersion Technologies said it will stop buying ether once its holdings reach 5% of ETH’s circulating supply. Chairman Tom Lee said at TOKEN2049 in Singapore that the firm is about 100,000 ETH short of that cap and, at roughly $41 million of weekly purchases, expects to complete its final accumulation in six to seven weeks. The move would end a weekly buying streak that began in June 2025.

Brent crude surged above $102 per barrel after reports said the Trump administration instructed the Pentagon to develop strike options against Iran that could be carried out before the midterm elections. Rising geopolitical tensions in the Middle East intensified fears of oil supply disruptions.

Firmus Technologies, a former bitcoin miner now building AI-focused data centres, is seeking a $7 billion IPO on the ASX that would value the company at $44 billion. Bankers have struggled to line up buyers at the targeted $11 per share and are looking at cutting the price to around $8.25 to keep the float alive, according to The Australian and The Australian Financial Review. Maas Group, which owns 3.2% of Firmus, sank more than 20% on Thursday.

Samsung Electronics said it expects third-quarter operating profit of about 107.4 trillion won ($80.18 billion), nearly nine times higher than a year earlier. The figure would mark its first quarterly operating profit above 100 trillion won and surpass the prior record of about 89 trillion won set in the second quarter. The company continues to benefit from strong demand for memory chips tied to the artificial-intelligence boom.

Samsung Electronics said on Oct 8 it expects third-quarter operating profit to reach 107.4 trillion won, nearly nine times higher than a year earlier and slightly above market expectations. The company forecast revenue rising 127% to 195 trillion won. Samsung said booming AI chip demand drove strong memory-chip sales, and it and Micron expect the supply-demand imbalance to persist into 2028. It also flagged longer-term risks including rising costs, competition from China and potential U.S. semiconductor tariffs.