🇨🇳 China purchased +15 tonnes of gold in September, or ~10 times more than officially reported by the central bank, according to Goldman Sachs estimates.
@Fin_Watch
@Fin_Watch
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📊 Google, $GOOGL, CEO: "There is some irrationality in the current AI boom. The growth of AI investment has been an extraordinary moment."
Asked what happens if the AI bubble pops, he said "I think no company is going to be immune, including us."
@Fin_Watch
Asked what happens if the AI bubble pops, he said "I think no company is going to be immune, including us."
@Fin_Watch
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🇺🇸 Department of Government Efficiency (DOGE) has been shutdown and "no longer exists," according to Trump Administration officials.
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🚨🚨 AI could wipe out half of all entry-level white-collar jobs and spike unemployment to 10% to 20% in the next one to five years, Anthropic CEO Dario Amodei has said.
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🚨🚨 Apple, $AAPL, has officially cut dozens of jobs within its global sales division, per CNN.
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📊 OpenAI needs to raise at least $207 billion by 2030 so it can continue to lose money, HSBC has estimated.
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🇮🇳🇦🇪 India and the UAE have reviewed the progress under the CEPA that led to an increase in bilateral trade to $100B in FY25.
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🇺🇸 Trump has said, "We may be cutting income tax almost completely because of tariff proceeds.".
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BREAKING: 📊🚨🚨 CME just halted ALL futures trading because of a cooling failure at their data center.
Read that again… The entire derivatives market froze because a server room got too hot.
@Fin_Watch
Read that again… The entire derivatives market froze because a server room got too hot.
@Fin_Watch
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