Finance

Gevo said it has sold and delivered 10,000 carbon dioxide removal credits through ClimeFi to an end corporate buyer. The company said its existing sequestration infrastructure, operating footprint and access to both compliance and voluntary carbon markets could support a carbon business generating more than $30 million in annual revenue. Industry data show that only about 3% of roughly 50 million contracted tons in the carbon dioxide removal market has been delivered.

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.

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.

The Reserve Bank of India raised its policy rate by 25 basis points to 5.50% and changed its stance from neutral to “calibrated tightening” amid persistent inflation pressures. The central bank also lifted its FY27 consumer inflation projection to 5.2%, citing broader food-price pressures and added risks from crude-oil volatility. Right Horizons CEO Anil Rego said the decision was broadly in line with expectations, and that further hikes remain possible even as the RBI has not laid out a preset tightening path, according to Moneycontrol.

Conagra said it has stopped producing Celeste frozen pizzas as part of a strategy to simplify its portfolio. The company said the exit reduced fiscal first-quarter 2027 net sales by about 15 basis points, but it expects the move to lift margins over time. Management said it currently has more than 400 single-serve meal SKUs and sees an opportunity to streamline to a simpler, more productive lineup. The company characterized Celeste as part of its effort to exit brands with unprofitable or low-profit growth.

Anthropic has introduced Claude Haiku 5.5, a lightweight model aimed at high-volume work such as classification, summarization, customer support and voice agents, while pricing is about 75% lower than Haiku 4.5. The launch comes as the company moves toward a planned November IPO. The listing is expected to value Anthropic between $1.8 trillion and $2 trillion, according to a report.

U.S. household heating costs are expected to split sharply this winter, with spending falling 9% for homes primarily heated by natural gas and 3% for propane users, while heating oil users could see a 21% increase, according to the Energy Information Administration (EIA). Regional gaps are also pronounced for natural gas, with the West projected to post a 7% increase. In other regions, natural gas spending is forecast to decline by 10% to 15%.

Walmart and Alphabet-owned Wing said they will expand drone delivery to the Seattle and Denver metro areas next year, extending the service to nearly 20 major U.S. markets. The partners ultimately plan to offer drone delivery from more than 270 Walmart stores. The service is already available to more than 3 million customers in markets including Dallas-Fort Worth, Atlanta, Houston and Orlando.

In the 12 months through July, global investors made $942 billion in net purchases of U.S. equities. Net buying in Q2 alone reached $426 billion, up 62% year over year. U.S. foreign direct investment inflows totaled nearly $240 billion in the first half of 2026, more than doubling from a year earlier. Full-year 2026 inflows are projected to hit a record $480 billion, according to Merrill.