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Ford reported a staggering $1.2 billion operating loss in its electric vehicle division for Q3, contributing to a share price drop of over 5%. Meanwhile, UBS shares surged to their highest level since 2008 after posting a $1.43 billion profit, exceeding expectations. In the tech sector, Alphabet's quarterly profit rose by a third, boosting its share price by 4% in after-hours trading.
Gold prices are surging, nearing $2,790 per ounce, with a potential rise to $3,000 driven by geopolitical tensions and increased central bank purchases, particularly from BRICS nations. The market remains bullish, with upcoming US employment data and the presidential election likely to influence trends. Investors may secure profits at the $3,000 mark, possibly leading to a consolidation phase.
European leaders are bracing for increased American protectionism regardless of the U.S. election outcome, with both candidates likely to adopt "America first" policies. Concerns are rising over potential trade conflicts, especially if Trump returns to power, as he has threatened tariffs that could strain European exports and weaken the euro. EU officials are preparing for both scenarios while emphasizing the need for enhanced competitiveness and economic resilience.
China suggested that a Trump presidency could lead to a disregard for Taiwan, emphasizing that U.S. policy prioritizes American interests. Taiwan's government firmly rejected Beijing's sovereignty claims, asserting that only its people can determine their future. Trump's campaign has included demands for Taiwan to pay for its protection and threats of tariffs against China if it acts against the island.
The rise of video game consoles, particularly the PlayStation, disrupted the pinball market by offering affordable home gaming options, leading to a significant decline in pinball sales. UBS identifies 29 firms poised for technological disruption across various industries, emphasizing the importance of innovation in achieving superior earnings growth. Notably, companies like Samsung and Société Générale are highlighted for their potential to leverage technology for market transformation.
Shares in Trump Media & Technology Group Corp. surged 8.8% on Tuesday, marking a 324% increase over five weeks and adding over $7.9 billion in value. This rally reflects market sentiment regarding Donald Trump's chances in the upcoming election, with betting markets giving him a two-to-one chance despite a tight race against Kamala Harris.
Republican presidential candidate Donald Trump stated that if he wins the election on November 5, the European Union will face significant consequences for not purchasing enough American exports. He emphasized the need for the EU to increase its imports from the U.S. to avoid repercussions.
Gold prices are experiencing upward momentum due to safe-haven demand amid geopolitical tensions and uncertainty surrounding the US Presidential election. Analysts predict a potential rise to $3,000/oz over the next year, supported by macroeconomic factors and ongoing investor interest, despite some recent profit-taking in major Australian gold stocks. Notably, while mine production is set to reach record levels in 2024, central bank purchases have slowed, and high prices are impacting jewellery demand, particularly in India.
As the U.S. presidential election approaches, European leaders express concern over its potential impact on the Ukraine war and NATO. Many fear a Trump victory could destabilize transatlantic relations and embolden Russia, while a Harris win is expected to maintain support for Ukraine. Amidst these uncertainties, Europe is implementing measures to cushion Ukraine from possible U.S. aid cuts, including a $50 billion G7 loan to sustain military support.
Elon Musk and other allies of Donald Trump acknowledge that the former president's tariff plans could lead to short-term economic challenges, including higher consumer prices. They argue, however, that these policies may yield long-term benefits, such as increased wages. Critics, including Vice President Kamala Harris, label the tariffs as a "Trump sales tax," while Trump’s campaign deflects concerns by blaming the opposition for economic issues.
Donald Trump
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs shares reach highest level since 2008 amid strong quarterly results
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disruptive innovation shaping industries through technology and market transformation
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