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Australian shares close at two-week low as inflation spike sinks rate cut hopes
Australian shares closed at their lowest level in two weeks on Wednesday as a spike in core inflation dashed hopes of a near-term interest rate cut, prompting a sell-off in banking and real estate stocks.Reuters
Wed, Oct 29
Trump says may speak to China's Xi about Nvidia's 'super-duper' Blackwell chip
ABOARD AIR FORCE ONE, Oct 29 (Reuters) - U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia's NVDA.O state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday.Reuters
Wed, Oct 29
China buys three US soybean cargoes ahead of Trump-Xi meeting, sources say
BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO bought three U.S. soybean cargoes this week, two trade sources said, the country's first purchases from this year's U.S. harvest ahead of this week's summit of leaders Donald Trump and Xi Jinping.Reuters
Wed, Oct 29
Crypto Daily｜Trump Media Launches Polymarket Rival; South Korea’s Central Bank Warns Risks Of Won-Pegged Stablecoins
Trump Media & Technology Group has announced a partnership with Crypto.com to launch Truth Predict. The move places the company in direct competition with major players like Polymarket and gives it a stake in the $9 billion prediction markets.Tiger News
Wed, Oct 29
Nvidia-supplier SK Hynix bets on chip 'super cycle' after booking record profit
Strong sales of HBM and memory products underpin record profit All 2026 DRAM, HBM, NAND output sold out, company saysSK Hynix plans to supply HBM4 starting Q4 Shares jump 6%By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, Oct 29 (Reuters) - South Korea's SK Hynix 000660.KS has sold out all ...Reuters
Wed, Oct 29
Tesla eyes internal CEO candidates if Musk steps down over pay vote, Bloomberg News reports
Oct 28 (Reuters) - Tesla TSLA.O is looking at internal CEO candidates if Elon Musk leaves in case the $1 trillion pay plan is not passed at the annual shareholder meeting next week, Bloomberg News reported on Tuesday, citing the automaker's board chair.Chair Robyn Denholm had urged shareholders ...Reuters
Wed, Oct 29
Lilly partners with Nvidia on AI supercomputer to speed up drug development
Oct 28 (Reuters) - Eli Lilly LLY.N said on Tuesday it was collaborating with Nvidia NVDA.O to build a supercomputer to help with drug discovery and shorten development cycles, getting medicines to people faster.Using the supercomputer, scientists at Lilly will be able to train AI models on millions
Reuters
Wed, Oct 29
Microsoft, OpenAI reach deal removing fundraising constraints for ChatGPT maker
Oct 28 (Reuters) - Microsoft MSFT.O and OpenAI announced a restructuring deal on Tuesday that frees the ChatGPT maker to move away from its nonprofit roots and likely go public so it can finance CEO Sam Altman's ambitious plans to develop data centers and cutting-edge technology.
Reuters
Wed, Oct 29
US revokes approval for 13 routes by Mexican airlines, citing competition issues
WASHINGTON, Oct 28 (Reuters) - The U.S. on Tuesday said it has revoked approval for 13 routes by Mexican carriers into the United States and canceled all combined passenger and cargo flights by Mexican airlines to the United States from Mexico City's Felipe Angeles Int...Reuters
Wed, Oct 29
Nvidia will build AI supercomputers for US Energy Department, wants to get back into China
WASHINGTON, Oct 28 (Reuters) - Nvidia NVDA.O CEO Jensen Huang came to Washington on Tuesday with a message for the Trump administration: the U.S. can win the AI battle if the world, including China's massive developer base, runs on Nvidia systems.
Reuters
Wed, Oct 29
Apple Hits $4 Trillion Market Value as New iPhone Models Revitalize Sales
Apple briefly topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.Its stock briefly reached $269.89, giving Apple a market value of $4.005
Tiger News
Wed, Oct 29
US soybeans set 15-month high on US-China trade deal hopes
CHICAGO, Oct 28 (Reuters) - Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.Reuters
Wed, Oct 29
Nasdaq Rallies 0.8% to New Record; Nvidia Soars Nearly 5% to New High; Microsoft Hits $4 Trillion Market Cap; Nokia Rockets 23%
All three major U.S. stock indexes posted record closing highs again on Tuesday as Nvidia shares gained following news it will build artificial intelligence supercomputers for the U.S. energy department, and as investors were optimistic about corporate earnings ahead of key results from megacaps thiTiger News
Wed, Oct 29
OpenAI sued for trademark infringement over Sora's 'Cameo' feature
Oct 28 (Reuters) - The maker of celebrity video platform Cameo sued OpenAI in a California federal court on Tuesday, arguing that the new "Cameo" feature of OpenAI's Sora video generation app violates its trademark rights.Cameo said in the complaint that OpenAI's...Reuters
Wed, Oct 29
US Treasury’s Bessent: Japanese government gives BoJ policy space, avoid excess FX volatility
US Treasury Secretary Scott Bessent said on Wednesday that the government’s willingness to allow the Bank of Japan (BoJ) policy space will be key to anchoring inflation expectations and avoiding excess foreign exchange (FX) volatility.Fxstreet
Wed, Oct 29
US, Japan leaders sign rare earths, nuclear power deal ahead of Trump-Xi meeting
China expands curbs on rare earthsRare earths, critical minerals are key electronic componentsEssential for items from cars to fighter jets Japanese companies could be involved in cooperation with U.S. on new-generation nuclear power, factsheet shows Japan's new PM Takaichi favors nuclear power ...Reuters
Tue, Oct 28
‘One-Stop Shop’ SoFi Posts 129% Q3 Net Income Surge, Achieves Five New Records
TradingKey - SoFi Technologies (SOFI), a leading fintech company championing a “one-stop shop” strategy, delivered another strong earnings report on Tuesday, setting all-time highs across five core metrics: total revenue, net profit, fee-based income, membership, and product. SoFi shares rose about
TradingKey
Tue, Oct 28
China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins
Despite facing criticism for lagging behind the United States in creating a more accommodating environment for cryptocurrency growth and adoption, China reaffirmed its stringent stance on crypto once again this week. Authorities issued warnings about the alleged risks posed by stablecoins, particulaNewsBTC
Tue, Oct 28
US Treasury's Bessent calls for 'sound' monetary policy in Japan
Bessent calls on BOJ to anchor inflation expectationsSays Japan's economy different from when Abenomics deployedRemarks echo Bessent's past calls for higher BOJ ratesJapan's Katayama says Bessent wasn't prodding BOJ to hike ratesMarkets expect BOJ to keep rates steady this weekBy Lei...Reuters
Tue, Oct 28
Japan's Nikkei slips from record high on profit taking, stronger yen
TOKYO, Oct 28 (Reuters) - Japan's Nikkei share average slipped from a record high on Tuesday, as investors locked in profits after a fast-paced rally, with a stronger yen weighing on sentiment. The Nikkei .N225 fell 0.58% to end at 50,219.18, after falling as much as 0.8% duri...Reuters
Tue, Oct 28
