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Gold
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Real-time News
October 15th - A new Fox News poll shows that as the US election day approaches, voters hold negative views of the economy and the presidents performance, often putting the incumbent party at a disadvantage. Sixty percent of voters said the cost of living is their biggest economic concern, far exceeding government spending (15%), employment and income inequality (7% each), tariffs (6%), and taxes (5%). The vast majority of voters have a negative view of the economy (74%) and expect it to worsen next year (53%); meanwhile, two-thirds are dissatisfied with the countrys current state of affairs (66%). Only 18% of voters said their familys situation has improved compared to two years ago. In contrast, a majority of independent voters believe their situation has worsened (52%) and expect the economy to deteriorate further (70%). Trumps support on inflation is the lowest at only 22%, a new low. Additionally, 60% of voters oppose US military action against Iran, and 60% hold a negative view of artificial intelligence technology.On October 15th, according to the Financial Times, Anthropic informed investors that its third-quarter revenue jumped to $16.8 billion and it achieved profitability during the quarter. This comes as the market remains skeptical of the AI industry boom, as the AI company seeks to garner support for its major IPO plans. Anthropic told investors that, on an adjusted basis, the company is profitable, with quarterly revenue increasing by nearly 50% from $11.5 billion in the second quarter. Chips and data centers are necessities for training and running models in AI labs and represent the companys largest expenses. Anthropic added that it achieved positive cash flow during the quarter. The IPO of this Claude model developer is widely expected to be the highest-valued IPO in history.Egyptian President Abdel Fattah al-Sisi: As long as our borders are peaceful and secure, we will maintain a peace treaty with Israel, and we have no ambitions toward them or their territory.Federal Reserves Daly: Its encouraging that market sentiment has calmed down after the initial strong reaction to the CPI data.Federal Reserves Daly: CPI data shows that gasoline prices are pushing up overall inflation, while core inflation remains stubborn, in line with expectations.
