MUSK SAYS XAI IS MOVING FASTER THAN RIVALS
Elon Musk said on Saturday that his company, xAI, is advancing more quickly than any other artificial intelligence firm.
"xAI is moving faster than any other AI company," he stated, adding, "In the end, victory is a function of speed."
Musk's remarks came as xAI introduced Mika, a new companion for its Grok platform.
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US-CHINA TRADE TALKS IN MALAYSIA DEEMED 'CONSTRUCTIVE'
The United States and China held trade talks in Malaysia on Saturday, described by a U.S. Treasury spokesman as “very constructive.” The discussions ended for the day and will resume Sunday, ahead of a meeting between Presidents Trump and Xi in South Korea next week.
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TRUMP: TEMPORARY HALT ON NEW JERSEY WIND FARMS WILL BE PERMANENT
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NEW-CAR PRICES HIT RECORD HIGH
New-car prices reached a record $50,080 in September, driven by a rush on electric vehicles (EVs) before a $7,500 federal tax credit expired. EVs averaged $58,124, pushing overall prices up. Without the incentive, prices may fall below $50,000 later this year, though monthly costs—including insurance, maintenance, and fuel—can exceed $1,000.
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ELON MUSK: MY APOLOGIES FOR FRUSTRATIONS WITH THE 𝕏 ALGORITHM. WE ARE WORKING HARD TO FIX THE PROBLEM
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CHINA SAYS IT HOLDS SECURITY TALKS WITH US
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PUTIN'S SPECIAL ENVOY KIRILL DMITRIEV CONFIRMS HE IS IN THE U.S. FOR A VISIT THAT WAS PLANNED A WHILE AGO
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RUSSIA VOWS STRONG RESPONSE TO EU SANCTIONS
Russia said it will respond with “tough and effective measures” to the EU’s 19th sanctions package, which targets Russian gas exports. Spokeswoman Maria Zakharova criticized Brussels for persisting with sanctions she called “suicidal” and said the EU is isolating itself internationally.
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GERMAN FOREIGN MINISTER CANCELS CHINA TRIP AMID MOUNTING TENSIONS - FT
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WELLS FARGO EXPECTS 25 BPS FED RATE CUT ON OCT. 29
Wells Fargo expects the FOMC to cut rates by 25 bps at its Oct. 29 meeting, with little change to the policy statement. Chair Powell is likely to emphasize moving toward neutral rates while balancing employment and inflation risks. The bank also expects the Fed to announce updates to its balance sheet runoff, with quantitative tightening ending by December as previously forecast.
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SPOT GOLD REVERSES COURSE, LAST UP 0.2% TO $4,132.77/OZ
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🚨HASSETT, ASKED IF CHINA TRADE DEAL COMES BY NOV 1: 'WE'LL SEE
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🚨 HASSETT ON TRUMP, XI MEETING NEXT WEEK: WE'RE STILL HOPEFUL
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🚨 HASSETT: WE'RE 'FRUSTRATED' WITH SOME CHINESE ACTIONS
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🚨 PAKISTAN DEFENCE MINISTER: SEE AFGHANISTAN WANTS PEACE, BUT FAILURE TO REACH DEAL MEANS OPEN WAR
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*TRUMP, ASKED ON STRIKES IN VENEZUELA: WE'LL SEE
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WEEK AHEAD: OCTOBER 27 – NOVEMBER 2, 2025
Sunday, Oct. 26
•Geopolitics: Trump begins Asia tour, meeting Malaysia’s PM; later visits Japan and South Korea.
Monday, Oct. 27
•Geopolitics: Trump in Japan (Oct. 27–29) for meetings with Emperor Naruhito and PM Takaichi.
•US Data: Durable Goods Orders (Sep prelim) – 08:30 ET.
•Markets: Beijing’s Financial Street Forum opens; New Horizon Health delists from HKEX; Hong Kong debuts first Solana spot ETF.
•Earnings: Keurig Dr Pepper, Welltower, Cadence Design, Whirlpool, Waste Management.
Tuesday, Oct. 28
•Central Banks: Fed meeting begins (through Oct. 29).
•US Data: Consumer Confidence (Oct) – 10:00 ET.
•Events: Nvidia CEO Jensen Huang keynote on AI – 12:00 ET.
•Earnings: UnitedHealth, Visa, UPS, Regeneron, Royal Caribbean, Mondelez, PayPal, Sherwin-Williams, Novartis, HSBC.
Wednesday, Oct. 29
•Fed: FOMC rate decision (14:00 ET); 25bp cut expected. Powell press conference follows.
•Asia: BOJ meeting begins; markets watch for rate-hike signals.
•Geopolitics: Trump in South Korea for APEC.
•US Data: Crude Oil Inventories – 10:30 ET.
•Earnings: Microsoft, Alphabet, Meta, Starbucks, CVS, Kraft Heinz, Caterpillar, Verizon, Boeing.
Thursday, Oct. 30
•Geopolitics: Trump meets Xi in South Korea; Xi’s state visit (Oct. 30–Nov. 1).
•Central Banks: ECB and Bank of Canada rate decisions.
•US Data: Q3 GDP (Advance) – 08:30 ET.
•Earnings: Apple, Amazon, Eli Lilly, Mastercard, Shell, Merck, Comcast, Hershey, Roblox, Coinbase.
Friday, Oct. 31
•Geopolitics: APEC Leaders’ Summit opens in Gyeongju, South Korea.
•US Data: PCE Price Index & Consumer Spending (Sep) – 08:30 ET.
•Earnings: Exxon Mobil, Chevron, Colgate-Palmolive, AbbVie.
Saturday, Nov. 1
•Trade: New US tariffs on Chinese imports (100% on various goods; 25% on heavy trucks).
•Geopolitics: APEC concludes; Xi’s visit ends.
•Legal: US Supreme Court hears tariff legality case.
Other Key Events (Oct. 27 – Nov. 2)
•Central Banks: ECB, Bank of Canada decisions.
•Global Data: GDP (Eurozone, Mexico, South Korea), Canada monthly data, China PMI, Australia & Eurozone inflation.
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TRUMP JR-LINKED DRONE COMPANY WINS PENTAGON CONTRACT
UNUSUAL MACHINES WINS ITS LARGEST-EVER PENTAGON CONTRACT: FT
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*JEFFRIES WILL ENDORSE MAMDANI FOR NEW YORK MAYOR: POLITICO
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*US OPENS PROBE OF CHINA’S IMPLEMENTATION OF PHASE ONE AGREEMENT
*USTR INITIATES SECTION 301 INVESTIGATION ON CHINA PHASE 1 DEAL
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COLOMBIA DIALOGUE WITH THE US ON TARIFFS IS `FLUID': AMBASSADOR
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JEFFRIES: WHITE HOUSE MUST JUSTIFY DECISIONS TO STRIKE VESSELS
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*NY AG LETITIA JAMES PLEADS NOT GUILTY TO US CHARGES
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MEXICAN PRESIDENT SHEINBAUM: "WE'RE GOING TO WAIT," WHEN ASKED ABOUT US DECISION TO TERMINATE TRADE TALKS WITH CANADA
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*BANK OF ENGLAND PROBES DATA CENTER LENDING AMID AI BUBBLE FEAR
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*UMICH FINAL OCT. CONSUMER SENTIMENT FALLS TO 53.6; EST. 54.5
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🚨 HASSETT: TRUMP AND XI ARE 'GREAT FRIENDS
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HASSETT: THERE HAS BEEN SOME THAWING IN RECENT DAYS WITH CHINA
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🚨 HASSETT: SHUTDOWN COULD DROP GDP BY TENTH OF PERCENT EACH WEEK
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