Intel Says Goodbye to Pat Gelsinger, Spacex's 350 Bn Valuation
Intel’s CEO steps down, Musk challenges OpenAI. U.S. manufacturing surprises, and central banks signal rate cuts. Markets react to oil output and rising uncertainty.
Biden Pardons Hunter, Global Tensions Rise with Iran, VW Strikes, and Trump’s Dollar Remarks
Today’s key developments include Biden’s controversial pardon of Hunter Biden, China’s uncertain economic outlook amid Politburo disruptions, Germany’s rising tensions over Chinese drones and trade, Iran’s oil trade challenges under US sanctions, and VW workers’ walkouts over cost-cutting measures.
China Tightens Tungsten Exports, Ferrari Races Amid Tariff Threats, and Le Pen Fuels French Budget Crisis
China tightens tungsten export controls, impacting global supply chains; Ferrari remains resilient amid U.S. tariff threats affecting the auto industry; Marine Le Pen escalates France's budget standoff, threatening government stability; Chinese stocks rally on stimulus expectations.
US Economic Strength, OPEC+ Delays, FTC Probes, and Trump-Zuckerberg Meeting Stir Headlines
Today's highlights include the US economy showcasing resilience in Q3, OPEC+ postponing key decisions amid market uncertainties, the FTC intensifying scrutiny on giants like Microsoft and Uber, and a surprising Trump-Zuckerberg dinner sparking widespread speculation.
Israel-Hezbollah Truce, Fed Rate Cut Signals, and China's Military Turmoil
Trump’s new economic team and their aggressive trade policies, a US-brokered cease-fire between Israel and Hezbollah, the Fed’s cautious approach to rate cuts, and corruption scandals disrupting China’s military leadership.
Israel-Hezbollah Truce, Hong Kong Financial Scrutiny, Xiaomi's Chip Ambitions, and Market Reactions
Trump’s tariff threats, Tesla’s exclusion from California EV credits, progress on an Israel-Hezbollah ceasefire, Hong Kong’s financial scrutiny, and Xiaomi’s bold chip ambitions.
Bessent's Nomination, China's Yuan Moves, UniCredit's Deal, and Russia's Inflation Struggles
Today’s key developments include Bessent’s Treasury nomination, China’s yuan stabilization moves, UniCredit’s $10.5B merger plans, and Russia’s inflation struggles.