📈 Stocks / Finance

BlackRock Report Highlights Nvidia's Role in AI's Costly Expansion

BlackRock

Nvidia's Q3 results underscore surging AI data center spending, with chips costing up to $40B per GW. AI-driven investment could match industrial revolution levels, straining capital markets. Despite inflation concerns, mega-cap tech leads AI infrastructure, benefiting from unmatched financing capabilities.

Tariff Announcement Sparks Market Reaction

Reuters

Trump's plan to impose tariffs on goods from Mexico, Canada, and China caused the USD to rise, gaining 1% against the CAD and 2% against the MXN. Asian equities dropped, while S&P futures fell 0.3%. Analysts suggest uncertainty persists, with tariffs seen as negotiation leverage rather than policy.

Redfin Sees Bearish Whales Betting Big

Benzinga

Options activity in Redfin reveals major investors taking predominantly bearish positions, with 57% of trades being bearish and 35% bullish. Key trades include one put worth $210,000 and calls totaling $551,896. Analysts maintain a neutral outlook, with price targets ranging from $7 to $10.

🪙 Crypto

Bitcoin's Rise to $100,000 Hits Profit-Taking Resistance

CNBC

Bitcoin remains below $100,000 despite a 40% surge since the U.S. election. Analysts cite profit-taking by long-term holders and leverage in the market as reasons for the stall. Bitwise's Andre Dragosch notes that sentiment is high, but a supply squeeze could support further gains in 2025.

🌎 Global Economy

Germany's Economic Troubles Undermine Global Auto Industry

Forbes

Germany, Europe's richest economy, faces major challenges as layoffs hit its auto sector, which makes up 17% of exports. Bosch and Volkswagen have cut thousands of jobs, and German industrial output remains 10% below pre-pandemic levels. Dependency on cheap energy and Chinese exports has strained growth.

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