📈 Stocks / Finance

Nvidia Stock Drops Amid US Chip Export Control Fears, Weak ASML Earnings

Yahoo Finance

Nvidia shares fell 4.5% on Tuesday after news surfaced about potential US chip export restrictions targeting the Gulf region. The drop was compounded by ASML’s weaker-than-expected Q3 earnings. The PHLX Semiconductor index also dropped 5.3%, underperforming the S&P 500.

Gold Rises as Yields Fall, Traders Await US Data

Reuters

Gold prices rose 0.5% to $2,663.83 per ounce, driven by lower U.S. Treasury yields following weak manufacturing data. Analysts expect gold to consolidate or trend sideways, with a 90% chance of a 25-bps rate cut in November. Commerzbank sees slight downside risks by year-end.

SG Americas Securities LLC Acquires Redfin Shares

MarketBeat

SG Americas Securities LLC acquired 49,174 shares of Redfin Co. (NASDAQ: RDFN) during Q3, valued at $616,000. Hedge funds, including Mather Group and Allspring Global, also expanded their positions, reflecting growing institutional interest. Redfin's stock, trading at $11.13, has a market cap of $1.33 billion.

🪙 Crypto

Bitcoin’s Volatility Surges as US Elections Approach

Yahoo Finance

Bitcoin’s price surged to over $67,000 for the first time since July, driven by short squeezes and new capital inflows, but volatility quickly returned. With futures open interest hitting record highs and institutional demand rising, analysts expect market cooling ahead of the US elections.

🌎 Global Economy

Global Debt Surges Towards $100 Trillion, IMF Warns of Economic Risks

Politico

The IMF reports global public debt will surpass $100 trillion by year-end, nearing 100% of GDP by 2030. It warns that unchecked deficit buildups, particularly in key economies like the U.S., could trigger financial crises. Fiscal tightening of 3-4.5% of GDP is necessary.

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