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Beta’s IPO marks a big step for the electric vertical takeoff and landing industry that’s been vying for approval from the Federal Aviation Administration.
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NY TImes: Trump administration looks at options for military action in Venezuela
The NY Times is reporting
- The administration has developed multiple military options for action in Venezuela, including direct strikes on units protecting President Maduro and potential moves to seize control of the nation’s oil fields.
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President Trump has not yet decided whether or how to proceed, reportedly showing reluctance to risk U.S. troops or political fallout.
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Senior advisers are pushing for stronger measures, including ousting Maduro from power.
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The Department of Justice has been asked for legal guidance to justify expanded military operations beyond anti-narcotics actions.
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Such guidance could aim to provide legal cover for targeting Maduro without requiring Congressional authorization or a formal declaration of war.
How many times will the Trump Administration go to the well citing National Security. Tomorrow the arguments on tariffs will be presented to the Supreme Court with a decision likely after the New Year.
This article was written by Greg Michalowski at investinglive.com.
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FX Today: Focus shifts to ISM Services PMI as US shutdown nears record
The US Dollar (USD) kept pushing higher on Tuesday, flirting with six-month highs as traders continued to weigh the Federal Reserve’s (Fed) next move after last week’s meeting. Growing expectations that the Committee might stay on hold in December are keeping the US Dollar well bid. -
Goldman’s Nachmann warns of ‘deployment pressure’ from explosion of evergreen funds
Evergreen funds are specifically structured to allow for more liquidity, but Marc Nachmann says there’s risk of fund managers deploying too much capital at once. -
Bitcoin falls below $100,000 for the first time since late June
Cryptocurrencies retreated Tuesday as investors continued to flee risk-on assets. -
Dow Jones Industrial Average grapples with fresh market concentration fears
The Dow Jones Industrial Average (DJIA) fell alongside its major index peers on Tuesday, shedding nearly 300 points from Monday’s closing prices as investors pivoted into fresh concerns that the global AI tech craze may have left equity markets overly concentrated in key stocks with dubious revenue -
Apollo withdraws offer to buy Papa John’s. Shares crater.
Have you seen restaurant stocks lately?
Evidently private equity giant Apollo has. They’ve been cratering, including Chipotle last week. Now Reuters reports that Apollo has pulled its $64/share bid for Papa John’s pizza chain.
Shares are quickly down 11.5%.
Notably, the market had sniffed out some risk here as shares were already trading well below the $64 bid price.
Also notable is this detail:
The private equity firm pulled its bid about a week ago as consumers
tighten spending and the quick-service restaurant industry starts to
stumble, these people said, asking not to be identified because the
negotiations are private.Guess what else started happening a week ago? The shares started sliding.
This article was written by Adam Button at investinglive.com.
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Aramco CEO says Saudi Arabia’s cheap energy will turn kingdom into a global AI data center leader
Saudi Aramco CEO Amin Nasser shared details of the kingdom’s national AI strategy in an interview with CNBC’s Sara Eisen. -
Bitcoin falls below the $100,000 level for the 1st time since June 23
The price bitcoin is continuing its move to the downside. The low price has now reached $99,939. The price has not traded below the $100,000 level since June 23 when the price reached $99,705.
Looking at the daily chart, the next target on a break lower would have traders looking toward the June 22 low price and $98,240, and below that the 38.2% retracement of the move up from the August 2024 low. That level comes and $96,975.
From the low price of $126,272, the price has now fallen 20.89% over 29 trading days (from October 6).
This article was written by Greg Michalowski at investinglive.com.
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GBPUSD Technicals: GBPUSD sellers continue the push lower and approach key support targets
The GBPUSD continues to move lower, extending its decline and breaking further away from the 38.2% retracement level of the rise from the January low to the July 2025 high, which comes in at 1.31422. The pair has now fallen to a new session low near 1.3018, putting the psychological 1.3000 level firmly in sight. A move below that key level would expose the next swing area between 1.29706 and 1.2988, and a sustained break there would shift focus toward the 50% midpoint of the 2025 trading range at 1.29433.
From a technical perspective, sellers remain firmly in control. The pair has broken below several important moving averages — including the 100-day and 200-day MAs, as well as the 100- and 200-bar MAs on the 4-hour chart — signaling that the broader bias has clearly tilted to the downside. The drop below the 38.2% retracement earlier this week confirmed the continuation of that bearish momentum. For traders, the 1.2943–1.3000 zone now stands out as a critical support region. A decisive move below it would further strengthen the bearish bias and keep the sellers in control.
This article was written by Greg Michalowski at investinglive.com.
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