Gas prices to drop this Halloween!

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📉 WTO cuts global goods trade growth forecast by over 50%

The World Trade Organization drastically cut its 2023 global trade growth forecast from 1.7% to 0.8% due to "persistent inflation" impacting consumer spending in the US, Europe, and Asia, further pressured by China’s tumultuous property market and the Ukraine conflict. The downturn, encompassing various goods, especially iron and textiles, raises global economic concerns, with countries like Germany experiencing trade and economic deceleration.

⛽ Gas prices may drop to $3.25 by Halloween due to oil decline

U.S. oil prices have nosedived to $82.24 per barrel, concurrently reducing average gas prices to $3.77 per gallon. Analyst Tom Kloza forecasts a further drop to "$3.25 a gallon by Halloween" and emphasizes a narrative of "gas price disinflation" throughout the year's end, driven by factors like massive gasoline inventories amid lower demand.

🚁 Drone strike hits Syria military college; 89 dead, hundreds injured

A lethal drone attack killed 89 and almost 300 individuals were wounded at a military graduation in Homs, Syria, with the defense ministry blaming "terrorist organizations supported by well-known international parties", vowing the perpetrators "will pay dearly," as no group has yet claimed responsibility.

🚫 US forces down Turkish drone near troops in Syria

The U.S. military intercepted a Turkish drone nearing its troops in Syria, sparking tensions between the NATO allies. Pentagon's Brig. Gen. Patrick Ryder termed it a "regrettable incident," emphasizing "due diligence and the inherent right of self-defense" in protecting U.S. forces. Turkey has yet to respond to the incident.

🔍 OpenAI Considers Creating Its Own AI Chips

OpenAI is exploring its own AI chip production, potentially via acquisition, amidst AI processor shortages and high costs as CEO Sam Altman highlights Nvidia's 80% market dominance. OpenAI's tech, powered by 10,000 Nvidia GPUs on a Microsoft supercomputer, could necessitate $16 billion in chips annually at Google search-like demand. Custom chip ventures, explored by major tech players, remain costly and uncertain.

🦆 DuckDuckGo CEO claims Google's billions hindered Apple deal

DuckDuckGo's CEO, Gabriel Weinberg, in a Google antitrust trial, disclosed a thwarted deal due to Apple's hesitancy to forgo Google's "$10 billion in annual payments" for default search engine status. Despite an initial 2014 deal to be an Apple device option, discussions to make DuckDuckGo a default in privacy mode stalled by 2019 amid Apple's financial entanglements with Google.

🛍️ FTC alleges Amazon secretly used an algorithm to boost prices, gains $1 billion

The FTC alleges Amazon exploited a concealed algorithm, "Project Nessie", to manipulate pricing and gauge competitor response, enhancing revenue by over $1 billion, revealed in a hefty antitrust lawsuit. While Amazon asserts the algorithm sought to prevent "unsustainable" low prices, FTC's Douglas Farrar insists Amazon disclose the full extent of their alleged "illegal monopolistic practices" to the public.

🔥 Drake Unveils 23-Song List for 'For All The Dogs' Release

Drake reveals a 23-song track list for his forthcoming album "For All the Dogs," featuring artwork by his son, Adonis, and a new single, “8 AM in Charlotte.” Initially slated for a September release, the album is now due out October 6, after Drake opted to focus on his tour, stating, “Okay my dilemma I am faced with is either cancel shows to finish the album or I complete the mission and drop the album before the last show.”

🎤 Taylor Swift's 'Eras Tour' Film Hits $100 Million in Pre-Sales

Taylor Swift's "Eras Tour" concert film breaks records with $100 million in global advance ticket sales, according to AMC Theatres, marking a triumphant moment ahead of its release in 8,500 cinemas across 100 nations on October 13. Foreseen to rival the biggest debuts of 2023, it might eclipse $100 million in North America's opening weekend.

👣 Oldest North American Human Footprints Date Back 21,500 Years

Research in White Sands, New Mexico confirms 21,500-year-old footprints, suggesting humans were in North America during the Last Glacial Maximum. Despite initial doubt, Geologist Jeff Pigati acknowledged skepticism about "the extraordinary claim." Kathleen Springer of the USGS said the results "unequivocally support" humans' presence in North America at that time.

🎰 Powerball jackpot hits $1.4 billion after 11 winless weeks

The Powerball jackpot skyrockets to a staggering $1.4 billion, engaging lottery enthusiasts nationwide amidst an 11-week absence of winners. Despite the allure of the massive prize, the daunting odds of securing a win steadfastly remain at 1 in 292.2 million. Winners face a choice between a $643.7 million cash payout and a 30-year annuity for the full amount, with varying state guidelines on tax and winner anonymity.

📚 Jon Fosse Wins Nobel Prize in Literature

Norwegian writer Jon Fosse received the Nobel Prize in Literature for his works that "give voice to the unsayable." Famed for his exploration of mortality, love, and art, his serene style is often compared to laureates like Pinter and Beckett. On winning, Fosse stated, "I have been among the favorites for 10 years... I simply cannot believe it." Fosse's works span 40 plays, novels, and more, translated into 50 languages.

On October 6, 1927, "The Jazz Singer," starring Al Jolson, premiered in New York City, ushering in the sound era of motion pictures. As the first feature-length film to include synchronized recorded music and lip-synchronous singing and speech, it marked a pivotal moment in cinematic history.

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