U.S. to soon curb AI investment in China

By Karen Freifeld (Reuters) – U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming soon. The rules, which will also require U.S. investors to notify the Treasury Department about some investments in AI and other sensitive technologies, are derived from an executive order signed by President Joe Biden in August 2023 that focused on keeping American investors’ … Read more…

Gold’s allure spreads as bulls lock in on fresh records

By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors. Spot gold reached a historic high of $2,740.37 a troy ounce on Oct. 21 and is on track for its strongest annual performance since 2007, with a rise of over … Read more…

US set to award Hemlock Semiconductor $325 million for polysilicon production

By David Shepardson (Reuters) – The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain. The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a new manufacturing facility on the company’s existing site in Hemlock, Michigan. “Polysilicon is the bedrock of semiconductors, and it’s important … Read more…

Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On?

Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On? As Tesla gears up to release its Q3 earnings on Wednesday, options traders are placing big bets, with implied volatility pointing to a potential 5-8% price swing. The market is bracing for a major move, as contracts around the $200 strike are seeing significant action. But will Tesla deliver enough to meet the lofty expectations? In Q2 2024, Tesla posted … Read more…

Categories Uncategorized

What Happens to the Stock Market After Elections? Sectors That Could Be Winners

Election season always brings a swirl of headlines, campaign promises, and uncertainty—and the stock market often reacts accordingly. But here’s the thing: while the run-up to Election Day can be a wild ride, once the votes are counted, the market tends to settle down. Regardless of who takes office, history shows that the stock market often finds its footing post-election, and certain sectors might even benefit from the political shift. So, what does the past … Read more…

Categories Uncategorized

Watchlist: Key Earnings from Tesla, Boyd Gaming, Verizon, Lockheed Martin, and GE Aerospace

As we head into another critical week for the stock market, the focus turns to the earnings reports of some major players across diverse sectors. Boyd Gaming, Tesla, Verizon, Lockheed Martin, and GE Aerospace are expected to unveil their third-quarter results. Each of these companies provides a unique perspective on the broader market and individual industries, making this an exciting week for investors. Tesla: Can Rising Costs and Competition Be Overcome by Delivery Growth? (Earnings … Read more…

Categories Uncategorized

Beijing bourse plans to help smaller tech companies to list

By Mei Mei Chu BEIJING (Reuters) – The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation. The stock exchange said its action plan would help SMEs, which are not profitable but have potential, to obtain financing from banks and market institutions, and it will also provide training and … Read more…

Categories Uncategorized

Elon Musk promises to award $1 million each day to a signer of his petition

By Jarrett Renshaw HARRISBURG, Pennsylvania (Reuters) – Billionaire Elon Musk promised on Saturday to give away $1 million each day until November’s election to someone who signs his online petition supporting the U.S. Constitution. And he wasted no time, awarding a $1 million check to an attendee of his event in Pennsylvania aimed at rallying supporters behind Republican Donald Trump. The winner was a man named John Dreher, according to event staff. “By the way, … Read more…

Categories Uncategorized

Unsteady Wins – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Monday’s market was about more record index highs, as the S&P 500 hit another new record and the Dow Jones Industrial Average crested 43000 as the index marched up 200 points. Technology stocks were the buzz of the day as the Magnificent 7, chip stocks and big favorites blazed to many new levels, back on track after many weeks of ‘whip-sawing.’ Bitcoin was actively rising to the $67,000 range … Read more…

Why Big Tech’s AI Future Depends on Nuclear Power

Why Nuclear Energy is the Next Frontier for Powering AI and Data Centers In a bold shift of strategy, big tech companies like Amazon, Microsoft, and Google are turning to nuclear energy to meet the burgeoning energy demands of AI and massive data centers. With AI-driven technologies becoming the foundation of modern industries, the demand for reliable, carbon-free energy sources has never been higher. The nuclear power resurgence, powered by advances in small modular reactors … Read more…

Categories Uncategorized