Author: FX
UPCOMING EVENTS:Monday: Australia Retail Sales.Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data.Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job Openings, FOMC Policy Decision.Thursday: Swiss CPI, US Challenger Job Cuts, BoE Policy Decision, US Jobless Claims.Friday: Chinese Caixin Services PMI, Eurozone Unemployment Rate, Canada Jobs data, US NFP, US ISM Services PMI. TuesdayThe BoJ is expected to keep everything unchanged with rates at -0.10% and YCC to target…
Google (NASDAQ:) has doubled down on its artificial intelligence (AI) bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27 report by The Wall Street Journal (WSJ), which cited people familiar with the matter. Continue Reading on Cointelegraph Source link
Mueller Water experiences cybersecurity incident Source link
UAW expands strike against GM to include largest plant Source link
Shiba Inu (SHIB) Enormous Volume Surge: What Happened? U.Today – A glance at the daily chart of showcases an astounding surge in trading volume, especially around its current price level. This significant uptick in volume is raising eyebrows and leading many to wonder: what is driving this sudden interest? First, it is crucial to understand the role of trading volume in the crypto markets. High trading volume generally suggests heightened interest in a particular asset, which can be due to various factors, such as news, market sentiment or external events. A sharp increase in volume, as observed with SHIB, often…
Nikada The already fast-growing private debt market is set to almost double to $3.5T by 2028, BlackRock (NYSE:BLK) predicted this past week, citing “tectonic shifts” that are taking hold. With high U.S. interest rates hampering returns of duration-sensitive assets (e.g., fixed-rate bonds) in financial markets, investors are increasingly seeking floating rate and short-duration assets in liquid private debt, Amanda Lynam, head of macro credit research at BlackRock, pointed out in a note published on Thursday. To be sure, private credit deals are typically tied to floating rates such as the Secured Overnight Financing Rate (SOFR), allowing them to be less…
Chainlink’s LINK (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK’s price then stabilized around $10.50, prompting investors to question the sustainability of this new level.Chainlink (LINK) token price, 12-hour, USD. Source: TradingViewIt’s worth noting that this surge coincided with Bitcoin’s (BTC) 23% gain during the same period. However, LINK’s performance stands out compared with Ether’s (ETH) 14% increase and SOL’s (SOL) 28% rally, suggesting increased bullish sentiment toward Chainlink’s leading oracle and decentralized computing solutions.LINK average perpetual contracts 8-hour funding rate.…
It’s tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel’s ground offensive is underway. It came with an overwhelming number of airstrikes and reports of tanks entering in the northeastern corner of Gaza.In any case, it hasn’t expanded into a broader Middle Eastern war. If anything, the US is signalling that it wants de-escalation. A general meant to advise Israel on a ground war has been recalled, ostensibly because the US advised Israel against a broad ground war and instead in favor of something more…
Sky_Blue/iStock Unreleased via Getty Images The Industrial Select Sector (XLI) fell for the second week in a row for the week ending Oct. 27 (-2.29%), while the SPDR S&P 500 Trust ETF (SPY) also saw losses for the second week straight (-2.50%). XLI was among the 10 of the 11 S&P 500 sectors which ended the week in red. Year-to-date, XLI has dipped -1.80%, while SPY has risen +7.39%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +8% each this week. YTD, 4 out of these 5 stocks…
5/5 © Reuters. A child walks at the site of an Israeli air strike on a house, as the conflict between Israel and Palestinian Islamist group Hamas continues, in Khan Younis in the southern Gaza Strip, October 27, 2023. REUTERS/Mohammed Salem 2/5 By James Mackenzie JERUSALEM (Reuters) -Hamas pledged to confront Israeli attacks with “full force” after Israel’s military widened its air and ground attacks on the Palestinian enclave, suggesting on Saturday that a long promised ground offensive had begun. Israel said on Saturday morning its troops, sent in on Friday night, were still in the field, without elaborating. The…