United States 20-Year Bond Auction fell from previous 4.613% to 4.506%
United States 20-Year Bond Auction fell from previous 4.613% to 4.506%
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For workers in young, hot world of AI careers, the dream payday is as often ending as layoff nightmare
As big tech companies like Meta acquire AI startups, many employees are not receiving the cash-out riches they dreamed about, but a layoff instead. -
GE Vernova CEO says he’s talking with OpenAI’s Sam Altman as power remains critical for AI growth
GE Vernova shares fell more than 6% after the company failed to raise its forecast in the wake of better-than-expected results. -
The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here’s what happened
More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10. -
Pound Sterling Price News and Forecast: GBP/USD steady near 1.3360 post soft UK CPI
GBP/USD holds firm during the North American session on Wednesday following the latest inflation report in the United Kingdom, which triggered some weakness in the Pound Sterling (GBP), as expectations for further easing by the Bank of England (BoE) increased. -
Beyond Meat shares slash gains, briefly dipping into the red as meme rally falters
It’s the latest in an extraordinary week for the stock, which on Tuesday enjoyed its best day ever. -
Trump considering plan to restrict exports to China containing US software
The ration is instead rate plans to restrict globally produced exports to China made with or containing US software. This according to sources.. Other export controls under consideration by the US could curb export on a wide range of goods to China.
According to the source, the specific idea may not move forward as planned, but the administration is looking to put pressure on China in response to their restrictions on rare earth and its boycott of soybean and other agricultural purchases.
Trump has announced tariffs on US China imports at155% starting November 1 but that is not getting much traction. Restricting software, aircraft, and other goods would add to the pain.
This tactic is not new to Trump and China has picked up on it. Find the hurt points and if it isn’t enough, double up until it works. How long that takes and what the end result ends up being is unsure.
Stocks initial move is to the downside.
The S&P index is down -46 points or -0.67%. The NASDAQ index is down -266 points or -1.16%.
This article was written by Greg Michalowski at investinglive.com.
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NHL strikes first-ever deal with prediction markets Kalshi and Polymarket
Kalshi CEO Tarek Mansour called it a “seminal moment” for prediction markets and hinted that similar deals with other leagues could follow. -
Government shutdown becomes 2nd longest in U.S. history
Democrats want President Donald Trump to get involved in shutdown negotiations. Senate Majority Leader John Thune says, “Open up the government first.” -
SEC Chair Atkins says regulators looking for ‘hanky-panky’ in markets, even with ongoing shutdown
Like most other federal agencies, the SEC is largely sidelined during the Capitol Hill impasse.
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