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10/28
18:54
GE Vernova, the energy company formed from the breakup of General Electric, stated that the acquisition aims to create scale across its electrification portfolio.
18:22
Rising costs everywhere from insurance to lawn care mean almost half of US homeowners lack financial breathing room.
18:21
Lookonchain monitoring shows that an anonymous trader created wallet 0xb15b nine days ago and deposited 1.25 million USDC to short ETH. Since then, the trader has been liquidated 13 times, with a total of 18,080 ETH (approximately $43.9 million) liquidated, incurring a loss of $1.14 million.
18:20
Microsoft and Alphabet's stocks have underperformed the market this year on concerns over their AI spending, leaving them with much to prove to AI skeptics, according to Bloomberg Markets.
18:16
Israel's Tel Aviv 125 Index fell as much as 3.5% in early Wednesday trading, after exit polls showed no clear winner in the country's parliamentary election, leaving investors uncertain about the leadership of the next government. As of 9:30 AM GMT, with over 76% of votes counted, Netanyahu's alliance is projected to win 54 seats, while the opposition bloc is projected to win 47 seats, with neither reaching the 61-seat majority required to form a government.
18:16
Chris Gober, former lawyer for Elon Musk's Political Action Committee (PAC), is running for U.S. Representative in Texas's 10th congressional district, home to Tesla and SpaceX operations, including the Terafab AI chip factory under construction. SpaceX's PAC has donated $10,000 to Gober's campaign. Gober's Democratic opponent, Caitlin Rourk, has highlighted Gober's ties to Musk and the AI industry in her campaign. SpaceX is actively expanding its AI business in 2026, with AI-related revenue soaring ninefold to $7.56 billion in the third quarter. Additionally, Gober's law firm, Lex Politica, is representing Musk and his PAC in a class-action lawsuit during the 2024 general election, with a settlement agreement reached on October 15, though terms were not disclosed. Gober stated that if elected, he would withdraw from all ongoing representations and is working with the House Ethics Committee to comply with regulations.
18:10
Israel held a general election on October 27, but no clear winner emerged, requiring the formation of a coalition government for the next administration. Exit polls and preliminary vote counts indicate that Benjamin Netanyahu's bloc is projected to win 54 seats, while the opposition bloc led by Gadi Eisenkot is projected to win 50 seats. Neither has reached the 61-seat majority required to form a government in the 120-seat parliament. Arab parties may hold the balance of power, but face political obstacles in forming a coalition with the main blocs. Official results will be announced on November 4.
18:10
Sandoz Group AG said Europe’s medicines regulator is proposing to pull amoxicillin from its list of critical medicines, a potential death blow to the last European factory to make the antibiotic from scratch.
18:09
Brazil's largest bank, Itaú Unibanco, has officially formalized its cryptocurrency brokerage business in accordance with new regulations, becoming the first in the country to do so. The bank notified the Central Bank of Brazil of its crypto trading and custody operations on Tuesday, ahead of the October 30 compliance deadline. Itaú Unibanco offers 15 crypto assets, including Bitcoin, Ethereum, and USDC.
18:07
According to OpenAI's official blog, Legora is leveraging OpenAI models, ChatGPT, and Codex to build an agent operating system for legal work. The system aims to accelerate legal workflows, expand contract analysis capabilities, and enable lawyers to focus on higher-value tasks.
18:01
European auto giant Stellantis reported a cash flow deficit of €4 billion (approximately $4.5 billion) in the third quarter on Wednesday, as the company continues to advance its massive $70 billion transformation strategy to restore profitability. The company's third-quarter revenue increased by 1% year-over-year to €37.6 billion, with adjusted operating income surging by 184% to €256 million. Stellantis reiterated its expectation to achieve positive industrial free cash flow by 2027.
17:44
The Monetary Authority of Singapore (MAS) stated that it expects banks to identify, assess, manage, and monitor significant environmental risks arising from their activities and exposures, including those related to pollution and deforestation. MAS noted that banks should engage with customers potentially involved in haze-related activities and take appropriate measures to mitigate risks, including reviewing financing terms or limiting further exposure.
17:35
Tens of thousands of homeowners who opted for adjustable-rate mortgages (ARMs) when interest rates were at historic lows are now facing a "severe shock" of significantly higher monthly payments, The Wall Street Journal reported.
17:32
Ripple's RLUSD stablecoin has been assigned a long-term credit rating of A2 and a short-term rating of P-1 by Moody's Investors Service, marking the first time a native payment token has received an investment-grade assessment from a "Big Three" agency. The P-1 rating is Moody's highest short-term liquidity score, equating RLUSD's redemption reliability with stable commercial banks' short-term obligations. Moody's based the high ratings on Ripple's strict collateral structure and operational standards within the U.S. jurisdiction. This follows Ripple's recent approval from the U.S. Office of the Comptroller of the Currency (OCC) on October 26 to launch Ripple National Trust Bank, which will act as trustee for the stablecoin's reserves. Moody's analysts noted the token issuer's legal vulnerability, as it is not isolated from the parent Ripple group's bankruptcy risks, and end holders have no direct claim on the assets held at BNY Mellon, which could suspend redemption if operations are frozen.

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