EUR/USD
1.12193
0.565%
Gold
4170.53
1.599%
Oil
96.089
2.177%
USD/JPY
157.976
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GBP/USD
1.32751
0.625%
GBP/JPY
209.754
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Real-time News
On October 16th, Cleveland Federal Reserve President Hamack stated on Thursday that the Fed may need to take more aggressive action if public inflation expectations worsen. Hamack said, "My concern is that if an inflationary mindset develops, where the public begins to expect price pressures to become increasingly persistent, then monetary policy will have a harder time being effective. If an inflationary mindset has already formed, the Fed may need to take more forceful action."U.S. Senator Bernie Sanders: Just days before Israeli Prime Minister Netanyahus election, his extremist government has once again cut off food and shelter to two million people in Gaza. This illegal and immoral collective punishment will leave children starving. Stop using a single dollar of taxpayer money to fund these atrocities. Immediately end U.S. military aid to Israel!On October 16th, three sources familiar with the matter reported that chip design startup Bolt Graphics is seeking approximately $100 million in funding, valuing the company at around $700 million. The company hopes to use this funding to develop graphics chips and compete with Nvidia (NVDA.O) and AMD (AMD.O). While these two giants continue to increase their investment in underlying hardware R&D, Bolt plans to design chips focused on non-AI areas, such as high-precision computing required for supercomputers and graphics processing for video games. The sources indicated that the funding round is ongoing, and the size of the funds Bolt plans to raise and its valuation are subject to change.Federal Reserves Hamack: Current financial conditions do not appear to be tight.Sources say chip startup Bolt Graphics is seeking a valuation of around $700 million and plans to raise $100 million.
