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10/31
01:21
Ford CEO Jim Farley targets 5 million annual vehicle sales by 2032, a 20% increase from current volumes, according to The Wall Street Journal. The strategy includes five new models priced below $40,000 by 2030, such as the $30,000 Fathom electric pickup, expected to begin production in Q4 2027 and generate over 100,000 first-year sales. Ford's global deliveries fell 9% through September, and its shares are down approximately 8.5% year-to-date.
01:09
Musk retweeted Google CEO Sundar Pichai's post, calling Project Suncatcher "cool." The project successfully sent commands to an orbiting satellite and received its first AI haiku response. Pichai stated in his post that Project Suncatcher has reached its "hello world" milestone. After launching a prototype satellite a few weeks ago, it has now successfully sent commands to orbit, initiated a TPU, run a prompt, and received the first complete response back on Earth—a haiku.
01:06
Japanese trading house Sojitz will start procuring yttrium from Malaysia as early as 2027, seeking to diversify sources of the key rare-earth element away from China. Yttrium is a key rare earth element used in semiconductor manufacturing.
01:06
Nikkei Asia reported that the combined operating and net profits of the world's five leading memory chip suppliers, including Kioxia, Samsung, and Micron, surpassed those of five major U.S. tech companies such as Alphabet for the first time last quarter. This was primarily driven by AI-fueled demand for chips, with supply still unable to meet demand.
01:02
Blackstone has reportedly warned investors that Anthropic could receive a sub-investment grade credit rating after its IPO, according to the Financial Times. The company is allegedly expected to be in the BB rating range, which could increase borrowing costs and limit access to institutional capital. Anthropic plans to invest over $800 billion in computing infrastructure by 2045, with its $63 billion "Project Northstar" financing heavily reliant on guarantees from Broadcom, which holds an investment-grade rating. The report also states that Anthropic holds over $112 billion in cash and could raise an additional $100 billion through an IPO.
00:57
A draft proposal for Ethereum suggests allowing wallets to permanently disable the EIP-7702 delegation feature. This aims to enable accounts to retain their address and normal transaction functionality while opting out, though it does not protect funds from private key theft.
00:49
Daiwa Securities Group plans to issue approximately JPY 30 billion (approximately USD 191 million) in digital real estate securities to support its acquisition of a majority stake in the Tokyo Garden Terrace Kioicho property. This will be one of the largest single digital real estate investment products issued to retail investors in Japan. The property, located on the former site of the Akasaka Prince Hotel, has a total value of USD 2 billion, but the transaction will not include the Akasaka Prince Classic House.
00:47
Tether International, S.A. de C.V. today released its Q3 2026 attestation report, audited by BDO. The report shows that as of September 30, Tether's excess reserves increased to $7.95 billion from $4.1 billion at the end of Q2, nearly doubling. During the same period, Tether's net operating profit was $1.5 billion, consistent with the previous quarter. Tether's total reserve assets reached $191.5 billion, with the majority held in highly liquid short-term instruments, including $132.4 billion in U.S. Treasury Bills.
00:47
UAE authorities brought oil tanker leak under control, clean up continues after a Panama-flagged crude supertanker was reportedly struck by an unknown projectile off the UAE coast on October 9. No new oil leaks have been detected, but environmental clean up operations are ongoing along affected stretches of coastline, according to state news agency WAM, citing the UAE Ministry of Environment.
00:46
CNBC, citing the latest Consumer Price Index data, reported that U.S. candy and chewing gum prices rose 7.7% year-over-year in September, while sugar and sweets categories increased by 5.5%. The report noted that disrupted cocoa supplies from West Africa and tightening sugar supplies have driven up costs, and falling commodity prices have not yet translated to shelf prices. Hershey lowered its organic sales growth outlook for 2026 from 3%-3.5% to 3%; Jefferies stated this implies roughly flat organic growth in the fourth quarter and cut its price target for Hershey to $170.
00:46
Google parent Alphabet (GOOGL) lost nearly $500 billion in market cap this week, with its stock falling over 12% to $285 following its Q3 2026 earnings report. The market reacted to an EPS miss ($2.12 vs. $3.02 estimate) and negative free cash flow due to AI capital expenditures, despite a 103% surge in Cloud revenue. CNBC contributor Mike Khouw suggests a short strangle options strategy, anticipating the stock will trade between $250 and $325 over the next 30 days.
00:46
U.S. District Judge Sharon Gleason in Alaska ordered the Department of Justice (DOJ) to swiftly respond to new motions to dismiss a lawsuit aimed at delaying the certification of the state's Senate election by 1 p.m. AKDT on Friday. These dismissal motions were filed hours after the DOJ amended its complaint. The judge's order makes it possible for her to rule on the motions before Tuesday's election. The state's election results could determine whether Republicans retain their majority in the U.S. Senate.
00:44
Binance CEO Teng Rongfa stated in a video address that Binance has reserved over $6.34 billion in company funds to cover losses from this week's hack, emphasizing that customer funds were never affected. Teng Rongfa said the attackers bypassed Binance's normal approval controls by exploiting self-destruct mechanisms and EIP-7702 delegation. Binance hopes to restore withdrawals by the Sunday deadline and plans to release a full proof-of-reserves report on Monday.
00:43
St. Louis Fed President Alberto Musalem said on Friday that he judges it necessary to tighten monetary policy further "soon." He noted that despite the Federal Reserve's decision this week to keep interest rates unchanged, the annual inflation rate remains above 3%, and financial conditions "remain accommodative." He believes that inflation is likely to stay above 2% unless the Fed raises rates further. Musalem argued that smaller, earlier adjustments are preferable to larger, more abrupt actions later on. He also positively assessed the U.S. economy as "resilient," with third-quarter GDP growth exceeding expectations at 3.4%, and the labor market being "very stable and balanced." Musalem is not a voting member of the FOMC this year.
00:40
Aspen Neuroscience Inc., a clinical-stage developer of cell therapies, fell 2% after raising about $140.6 million in a US initial public offering.
00:40
Binance founder CZ retweeted @malekanoms' tweet about the Binance hack, calling it a "fair point." The tweet stated that the incident was an excellent teaching moment to understand the unique nature of cryptocurrency, demonstrating that blockchains and credibly neutral networks operated as intended without intervening in the theft, and the stolen assets remained stolen. Meanwhile, the more centralized parts of the ecosystem played their role and intervened. The entire process was transparent in real-time.

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