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Trump floats dropping Spain from NATO alliance
WASHINGTON, Oct 9 (Reuters) - U.S. President Donald Trump suggested on Thursday the NATO alliance should weigh throwing Spain out of its membership ranks over a dispute about the Western European nation's lagging military spending.Members of the U.S.-backed ...Reuters
Fri, Oct 10
China welcomes foreign investment and cooperation, vice premier says
BEIJING, Oct 10 (Reuters) - China welcomes multinational firms expanding investment and cooperation in the country, Vice Premier He Lifeng told representatives of foreign companies in Beijing on Friday, the official Xinhua news agency said.Reuters
Fri, Oct 10
Government Shutdown Delays CPI Report — Labor Bureau Recalls Staff to Rush Data Compilation
TradingKey - Due to the U.S. federal government shutdown, the Bureau of Labor Statistics (BLS) has suspended all operations, and the release of the September Consumer Price Index (CPI) report, originally scheduled for October 15, will be unavoidably delayed.TradingKey
Fri, Oct 10
Qualcomm Faces Antitrust Investigation in China; Bloomberg: A Strategic Move Ahead of U.S.-China Meetings
TradingKey - On October 10, China's State Administration for Market Regulation (SAMR) announced an official investigation into Qualcomm, citing the company's failure to report its acquisition of Israeli automotive chipmaker Autotalks, potentially violating China's Anti-Monopoly Law. As a result, Qua
TradingKey
Fri, Oct 10
Elon Musk’s $878 Billion Pay Package Revealed: Billions for Achieving Modest Milestones
TradingKey - Tesla’s board has recently proposed a record-breaking $878 billion compensation package for Elon Musk, claiming its goals are “equivalent to landing on Mars” — with the caveat that he earns nothing if they’re not achieved.
TradingKey
Fri, Oct 10
Yen Faces Largest Weekly Drop in a Year, Raising Prospects of Government Intervention
TradingKey - On Friday, October 10th, the USD/JPY exchange rate hovered around 153, maintaining its highest level in eight months, with intraday peaks hitting 153.27. The yen has depreciated nearly 4% this week, likely marking the largest weekly drop since October last year.
TradingKey
Fri, Oct 10
Trump proposes barring Chinese airlines from flying over Russia on US routes
Chinese airlines benefit from reduced flight time and fuel burn using Russian airspaceUS carriers have not been allowed to fly over Russia since 2022 Cargo-only flights not included in US proposal By David Shepardson and Lisa Barrington WASHINGTON, Oct 9 (Reuters) - The Trump administration on Th...Reuters
Fri, Oct 10
Novo Nordisk's New CEO Makes $5.2B Bet on Liver Disease Treatment Through Akero Acquisition
TradingKey - Danish pharmaceutical giant Novo Nordisk announced on Thursday that it will acquire U.S. biotechnology company Akero Therapeutics for a total consideration of up to $5.2 billion.
TradingKey
Fri, Oct 10
Gold and Silver Retreat from Key Levels — But Analysts Stand Firm: This Is Not a Stock-Style Bubble
TradingKey - Gold and silver prices surged to historic highs this week before sharply pulling back — but the retreat has not derailed broader bullish sentiment. Analysts say the move reflects a healthy correction, with strong demand from retail investors and central banks confirming that the
China tightens checks on Nvidia AI chips at major ports, FT reports
Oct 10 (Reuters) - China has intensified enforcement of its import restrictions on U.S. chips, including Nvidia's NVDA.O artificial intelligence processors, the Financial Times reported, as Beijing sharpens its focus on promoting home-grown semiconductor production.Chinese customs officials were...Reuters
Fri, Oct 10
Is the Dollar Bottoming Out? Overdone Rate Cut Bets Leave Dollar Bears Vulnerable
TradingKey - The “weak dollar” trade dominated foreign exchange markets in early 2025, with investors heavily betting on a declining U.S. dollar. But after the Federal Reserve delivered its first rate cut in September, that consensus has begun to crack. The Dollar Index (DXY), which fell over 10% in
Coinbase and Mastercard are in advanced talks to acquire BVNK
Coinbase and Mastercard, a payment merchant, have each held advanced talks to acquire BVNK, a London-based stablecoin issuer. Insider sources, preferring anonymity, have confirmed that the discussions are ongoing, with Coinbase having the upper hand in acquiring BVNK.Cryptopolitan
Fri, Oct 10
Applied Digital Revenue Surges 84%, Shares Jump 16% After-Hours as AI Data Center Demand Fuels Growth
TradingKey - Applied Digital (APLD.US), which has transformed from a cryptocurrency mining company into an application digital company, reported strong first-quarter earnings that significantly exceeded market expectations, with revenue growth driving its stock price to surge over 16% in after-hours
TradingKey
Fri, Oct 10
GBP/JP retreats further from YTD peak as verbal intervention aids JPY; holds above 203.00
The GBP/JPY cross attracts some follow-through selling for the second consecutive day on Friday and retreats further from its highest level since July 2024, around the 205.30 region touched earlier this week. Spot prices currently trade around the 203.25 area, down 0.20% for the day, though remain o
Fxstreet
Fri, Oct 10
