Micron wins praise from Elon Musk for not being too greedy
Top memory-chip providers have ample room to raise prices further, but Musk thinks Micron isn’t squeezing its customers to an excessive degree.
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Hot Inflation Lifts Fed Rate-Hike Bets
US Treasuries slumped after hotter-than-expected inflation prompted traders to add to wagers that Federal Reserve officials will raise interest rates later this month and next year.
David Rosenberg, Founder of Rosenberg Research, and Jim Bianco, Founder of Bianco Research, react to September CPI. (Source: Bloomberg)
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Asian refiners face margin squeeze from record tanker costs
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Mauritius Extends Curfew for Second Night After Unrest
The government of Mauritius will impose a curfew for a second night across the island’s main population centers after the worst unrest since 1999.
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ASML Up on Supply Plans; BlackRock Reports Earnings | Stock Movers
On this episode of Stock Movers:
– BlackRock (BLK) shares are responding to this morning’s earnings. BlackRock reported assets under management that met the average analyst estimate and adjusted EPS and Sales beat estimates.
– ASML (ASML) shares are rising this morning after the company said it’s searching for ways to produce more chip-making machines over the next two years due to soaring artificial intelligence spending. ASML said its current supply plans mean it won’t be able to fully meet demand in 2027 and 2028, and it’s investigating ways to increase capacity for 2028 beyond the 30% increase previously communicated. (Source: Bloomberg)
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CJP Leaders Detained After Jumping Jantar Mantar Gate
Leaders of a popular Indian youth movement were detained on Tuesday as they climbed over a gate to enter Jantar Mantar in New Delhi. Authorities announced on Monday that Jantar Mantar, a longtime site of mass protests in the capital, would no longer be a designated rally venue. (Source: Bloomberg)
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BofA Says China’s Economic Data May Open Door to More Stimulus
China could roll out additional economic support if growth weakened in the last three months more than Beijing could tolerate, according to Bank of America Corp.
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Kai-Fu Lee: AI Transformation Must Begin From the Top
01.AI Founder & CEO Kai-Fu Lee discusses how AI tools can boost efficiency at work, arguing that their deployment needs engagement from the very top leadership to work at their best. (Source: Bloomberg)
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UK Water Firms Face £107 Million Hit to Bills for Unmet Targets
UK water customers should see a drop in their bills next year as the industry regulator continues to crack down on utilities that miss performance targets.