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Qualcomm, Alphabet team up for automotive AI; Mercedes inks chip deal

By Stephen Nellis (Reuters) – Qualcomm on Tuesday said it was teaming up with Alphabet’s Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms. Qualcomm’s chips have long powered mobile phones with Google’s Android operating system and the company has expanded into the automotive business, with chips that can power both a car’s dashboard and automated driving systems that … Read more…

Gold hovers near record high on safe-haven demand

By Rahul Paswan (Reuters) – Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks’ interest rate cuts. Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. gold futures rose 0.2% to $2,744.40. Gold hit its all-time high of $2,740.37 on Monday and has gained about 32% so far this year. … Read more…

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Top 5 Election Stocks to Watch Now

As the U.S. presidential election rapidly approaches, investors are naturally focused on how the coming election could impact the performance of both the overall stock market as well as their individual holdings. Here are a few general trends to keep in mind as it relates to the performance of stocks before and after a presidential election: Speaking in general terms, according to research conducted by Fidelity Investments, since 1950 S. stocks have averaged returns of … Read more…

U.S. to soon curb AI investment in China

By Karen Freifeld (Reuters) – U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming soon. The rules, which will also require U.S. investors to notify the Treasury Department about some investments in AI and other sensitive technologies, are derived from an executive order signed by President Joe Biden in August 2023 that focused on keeping American investors’ … Read more…

Gold’s allure spreads as bulls lock in on fresh records

By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors. Spot gold reached a historic high of $2,740.37 a troy ounce on Oct. 21 and is on track for its strongest annual performance since 2007, with a rise of over … Read more…

US set to award Hemlock Semiconductor $325 million for polysilicon production

By David Shepardson (Reuters) – The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain. The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a new manufacturing facility on the company’s existing site in Hemlock, Michigan. “Polysilicon is the bedrock of semiconductors, and it’s important … Read more…

Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On?

Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On? As Tesla gears up to release its Q3 earnings on Wednesday, options traders are placing big bets, with implied volatility pointing to a potential 5-8% price swing. The market is bracing for a major move, as contracts around the $200 strike are seeing significant action. But will Tesla deliver enough to meet the lofty expectations? In Q2 2024, Tesla posted … Read more…

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What Happens to the Stock Market After Elections? Sectors That Could Be Winners

Election season always brings a swirl of headlines, campaign promises, and uncertainty—and the stock market often reacts accordingly. But here’s the thing: while the run-up to Election Day can be a wild ride, once the votes are counted, the market tends to settle down. Regardless of who takes office, history shows that the stock market often finds its footing post-election, and certain sectors might even benefit from the political shift. So, what does the past … Read more…

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Watchlist: Key Earnings from Tesla, Boyd Gaming, Verizon, Lockheed Martin, and GE Aerospace

As we head into another critical week for the stock market, the focus turns to the earnings reports of some major players across diverse sectors. Boyd Gaming, Tesla, Verizon, Lockheed Martin, and GE Aerospace are expected to unveil their third-quarter results. Each of these companies provides a unique perspective on the broader market and individual industries, making this an exciting week for investors. Tesla: Can Rising Costs and Competition Be Overcome by Delivery Growth? (Earnings … Read more…

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Beijing bourse plans to help smaller tech companies to list

By Mei Mei Chu BEIJING (Reuters) – The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation. The stock exchange said its action plan would help SMEs, which are not profitable but have potential, to obtain financing from banks and market institutions, and it will also provide training and … Read more…

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