πΊπΈπ¨π¦ Former President Donald Trump hosted Canadian Prime Minister Mark Carney at the White House. This meeting highlights ongoing diplomatic relations between the two nations. Both leaders discussed key issues affecting the U.S.-Canada partnership, aiming to strengthen ties and address mutual concerns. Further details on the discussions and outcomes are expected to be released soon.
π CleanCore Solutions has announced the acquisition of 710 million DOGE tokens for its balance. The recent market update shows a decrease of 5% in the ZONE.
π Deutsche Bank predicts that by 2030, Bitcoin (BTC) will become a reserve asset for global central banks, comparable to gold.
π’π¨π³ China's oil stockpiling pace remains a key uncertainty for price forecasts, according to the U.S. Department of Energy. China plans to launch 11 new oil reserve storage sites in 2025 and 2026. This move is part of Beijing's intensified efforts to bolster its strategic oil reserves to ensure stable supply, as reported by RTRS.
πΊπΈπ¨π³ Trump expressed hope to meet with Xi at the ASEAN summit. The summit is scheduled to take place from October 26 to 28.
ππ¦πΊ Gold could surpass LNG and become Australia's second most profitable export after iron ore, according to a report from the Australian Department of Industry.
Alpha
π Today, TESLA will host the "10/7" event. Analysts anticipate the unveiling of a new, more affordable model.
π Tesla has unveiled an updated, more affordable Model Y, with a starting price of $37,000. For more details, visit Tesla's website.
β οΈπΊπΈ TSLA shares fell by 2% following the presentation of the updated, more affordable Model Y, which features specifications akin to the 2022 Lada Kalina, immediately after the sanctions.
β οΈπΊπΈ Tesla shares fell by 3% as the company announced a price reduction for its vehicles in the United States. This move comes amidst increasing competition in the electric vehicle market. For more details, visit Tesla's website.
β οΈπΊπΈ GM shares fell by 2%, while Stellantis saw a 1% increase. The U.S. Department of Energy is contemplating the withdrawal of approximately $1.1 billion in grants allocated to GM and Stellantis for the retooling of automotive plants.
πΊπΈ A new report from Morningstar reveals the performance of US stocks 100 days and one year after government shutdowns. The analysis highlights historical trends and market reactions during these periods, offering valuable insights for investors navigating potential uncertainties. For more details, visit here.
π Businesses under the MTS umbrella will adopt independent brands as part of a major rebranding initiative, according to MTS Ecosystem President Rovshan Aliyev in an interview with Kommersant. The only exception will be MTS Bank, which will retain its connection to the telecom company. Additionally, MTS AdTech and MTS Urent are expected to be technically prepared for an IPO by the end of the year.
πΌ The issue of financial recovery and the transfer of electric grid assets of "RuHydro" in the Far East will be addressed in the coming years, according to the head of the Federal Antimonopoly Service, Maxim Shaskolsky.
β οΈπΊπΈ AMAT shares fell by 5%, while ASML saw a decrease of 3%. The U.S. House of Representatives Committee has accused Applied Materials and ASML of promoting chip production in China.
π¨ Americans face "a lot of bad" ahead if Congress fails to end the shutdown by next week, warns Senate Republican leader John Thune. Former President Trump has previously threatened widespread layoffs.
π’πΊπΈ The U.S. Department of Energy forecasts that natural gas production and demand will reach record levels by 2025.
π Bitwise CEO anticipates that major tech companies will compete directly with large banks as they begin to offer a comprehensive range of financial services on their platforms. Cryptocurrency technologies, through stablecoins and tokenization, are expected to be a key factor in this future.