News
Important Only
Nvidia Confirms Stake in Musk’s xAI Amid $20 Billion Fundraising Push
TradingKey - Nvidia CEO Jensen Huang publicly confirmed the chipmaker’s investment in Elon Musk’s artificial intelligence startup xAI, following Bloomberg reports that the stake could be as large as $2 billion and people familiar with the matter said xAI’s latest funding round has already surpassed
TradingKey
Wed, Oct 8
Gold Hits Historic High Above $4,000 as Political Turmoil and Policy Uncertainty Fuel Haven Demand
TradingKey - On October 8, spot gold prices broke through $4,000 per ounce for the first time in history, briefly hitting a record high of $4,040. December-delivery New York gold futures also set a new all-time high at $4,063.TradingKey
Wed, Oct 8
Gold vaults over $4,000 on rush to safety and Fed easing bets
Oct 8 (Reuters) - Gold smashed through $4,000 an ounce to hit a record high on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve.Spot gold XAU= was up 0.3% at $3,997.09 pReuters
Wed, Oct 8
Stocks fall, S&P 500 ends lower after recent records; gold futures hit $4,000/oz
US stocks end lower; Tesla a dragDeepening French political crisis weighs on euroGold extends rally; futures go above $4,000/ozBy Caroline Valetkevitch NEW YORK, Oct 7 (Reuters) - Major stock indexes fell on Tuesday, with the S&P 500 ending lower after recent record highs, and investors eyein...Reuters
Wed, Oct 8
Intel to reveal tech details on forthcoming PC chip, sources say
Intel's Panther Lake chip uses new 18A manufacturing processIntel aims to reassure with technical briefings and factory tourIntel expects Panther Lake to use 30% less energy than prior generationBy Max A. Cherney SAN FRANCISCO, Oct 7 (Reuters) - Intel INTC.O plans to release technical details...
Reuters
Wed, Oct 8
Musk's xAI nears $20 billion capital raise tied to Nvidia chips, Bloomberg News reports
Oct 7 (Reuters) - Elon Musk's AI startup xAI is raising more financing than initially planned, including an equity investment from Nvidia NVDA.O, to bring its ongoing funding round to $20 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.Nvidia is investing ...Reuters
Wed, Oct 8
Tesla debuts 'affordable' Model Y and 3 that strike some as too expensive
Cars open for orders now; many locations show deliveries in December, JanuaryPricing disappoints some investors and analystsCars drop some premium features but offer over 300 miles of rangeMusk emphasizes affordability amid rising competition and sales challengesBy Abhirup Roy and Harshita Mary Varg
Reuters
Wed, Oct 8
EIA hikes US oil output forecast, says oversupply will slash prices
US oil output to average record 13.53 million bpd in 2025By Shariq KhanNEW YORK, Oct 7 (Reuters) - U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that a glut of oil will weigh
Reuters
Wed, Oct 8
Traders seek yuan payment from Indian state buyers of Russian oil, sources say
NEW DELHI/SINGAPORE, Oct 7 (Reuters) - Traders offering Russian oil have begun asking Indian state refiners to pay in Chinese yuan, taking recent signs of improving relations between New Delhi and Beijing as a chance to simplify deals with Indian buyers, trade sour...Reuters
Wed, Oct 8
Dollar rallies as US shutdown drags on, weighing on confidence
SINGAPORE, Oct 8 (Reuters) - The U.S. dollar rose to its strongest levels in six weeks in early Asian trading on Wednesday as risks around the U.S. government shutdown intensified, sparking fresh investor worries and boosting demand for safe haven assets.The dollar index =...Reuters
Wed, Oct 8
Gold prices hit record high, nears $4,000/oz mark on safe-haven demand
Oct 8 (Reuters) - Gold prices climbed to an all-time high on Wednesday, nearing the crucial $4,000-per-ounce level, bolstered by economic and geopolitical uncertainty and expectations of additional interest rate cuts by the U.S. Federal Reserve.Reuters
Wed, Oct 8
FACTBOX-The longest US government shutdowns
WASHINGTON, Oct 6 (Reuters) - Thousands of U.S. federal employees stopped working on October 1 when the government shut down due to a budget impasse in Congress. Following are the longest shutdowns since 1980, when U.S. administrations started furloughing some federal workers when budgets expired. ...Reuters
Mon, Oct 6
Tesla Gains 2% Premarket Ahead of October 7 Event
TradingKey - Tesla (TSLA.O) shares climbed 2% in premarket trading Monday after the company dropped a cryptic teaser hinting at an October 7 announcement — sending investors and fans into a frenzy of speculation about what Elon Musk might reveal next.TradingKey
Mon, Oct 6
