💵Expectations of Trump victory and a strong US economy give the dollar its best month in two years
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⚡️Berkshire Hathaway's Cash Reserves Reach Record $325.2 Billion
Warren Buffett refrains from making major acquisitions and trims the current stakes in his investment positions.
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⚠️ Wall Street is concerned about tech companies' record $200 billion in AI spending.
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⚡️Nvidia plans to start producing its own processors and will become a direct competitor to Intel and AMD
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🔼Intel stocks up 6% after 3Q results spark optimism about changes at the company
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🔽Apple shares fell 2% after the report due to below-expected revenue in China
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📈Uber's quarterly revenue increased by 20%
Total orders increased 16% YoY to $40.97 billion, but this was worse than market forecasts of $41.25 billion.
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⚡️Samsung reports 40% profit decline in Q3, but promises progress in AI chip business
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⚡️Bank of Japan Keeps Rates But Signals Normalization Continues
Analysts warn political uncertainty following failed elections raises risk of abrupt policy changes
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💸TikTok Founder Is Now China's Richest Man
Zhang Yiming, co-founder of TikTok's parent company ByteDance, is worth $49.3 billion. Zhang's rise comes as ByteDance's global revenue rose 30% last year to $110 billion
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⚠️EU Will Continue To Impose Restrictions On Chinese Electric Cars After Negotiations Fail
The tariff rate will be 35.3% in addition to the base duty of 10%.
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☄️The World Bank Predicts That Oil Prices Will Fall To A 5-year Low In 2025
The glut is so large that it will likely limit the price impacts of even a broader conflict in the Middle East. In 2025, oil supply is expected to exceed demand by an average of 1.2 million barrels per day.
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⚡️Chinese Luxury Cars Threaten Mercedes And Porsche Sales In Europe
Mercedes-Benz Group AG and Porsche AG were once the benchmarks of automotive excellence, but falling sales and profits highlight how even the lucrative segment of the upscale auto market is being weighed down by China.
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⚡️Robinhood Begins Accepting Bets On US Election Predictions
Starting Monday, October 28, investors can start buying trade contracts related to voting for Kamala Harris or Donald Trump
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📉 Indian Rupee Hits Historic Low Against US Dollar
The rise in dollar and yields is due to the increased likelihood of Donald Trump winning the presidential election and stable US economic indicators.
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⚡️Berkshire Hathaway's Cash Reserves Reach Record $325.2 Billion
Warren Buffett refrains from making major acquisitions and trims the current stakes in his investment positions.
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💱 Nvidia Will Replace Intel in Dow Jones Industrial Average Index
Nvidia shares have risen more than 38-fold since 2019, while Intel shares have lost half their value.
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🔼United Airlines and Raymond James were the S&P 500's top performers in October (UAL +41%, RJF +21.7%)
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📈Chinese Government Notes A Sharp Recovery In The Residential Real Estate Market In Major Chinese Cities
Housing sales there increased by 14% year-on-year in October after new measures to support the Chinese economy
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⚡️Meta Platforms Q3 Revenue Grew To A Record $40.6 billion
Net income in the reporting period increased by 35% year-on-year to $15.69 billion. Earnings per share rose to $6.03 from $4.39, while analysts had predicted $5.22 per share.
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⚠️The concentration of the largest stocks in S&P500 has risen to concentration levels during the Great Depression bubble in US - Goldman
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⚠️ Indian stocks have their worst month in 4 years amid strong selling by non-residents
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💵Reddit Becomes Profitable For The First Time In 20 years
The company earned $29.9 million in the quarter. The number of daily users grew to almost 100 million (+47% YoY)
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💥The Price Of Gold Reached A New Record - $2800
The drivers of the rally have not changed: uncertainty around the US presidential elections and events in the Middle East
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©The Era Of Zero Interest Rates And Zero Inflation Is Over - CEO Morgan Stanley
September Fed rate cut by 50 bp. – a turning point in the management of the US economy and the Fed's inflation forecasts.
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🗓 170 companies from S&P 500 report this week (47% of market cap), including Big Tech.
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🔔Trump Wants To Appoint Elon Musk "Responsible For Government Efficiency"
If Musk gets this position, he could cut the US federal budget by $2 trillion. And if this happens, the event will be the most severe budget austerity since the end of World War II.
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⚠️Last week, the strongest outflow from Chinese stocks in 9 years was recorded - data from BofA/EPFR
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⚡️Investors Are Buying Gold At Record Pace Since 2020
Over the past week, investments in gold ETFs increased by $3.2 billion, improving the previous week’s figure by 2.6 times.
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