In Today’s News

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Crypto treasury companies pivot to fringe tokens, stoking volatility fears

(Reuters) -As companies focused on stockpiling bitcoin and other major cryptocurrencies come under pressure amid market saturation and souring sentiment, new entrants are pushing into less popular tokens, stoking worries over increased volatility.Buoyed by U.S. President Donald Trump’s crypto-friendly stance … Read More »

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Tesla’s China sales fall to 3-year low amid tepid demand

Sales fell 35.8% from a year earlier, down from September’s figure of 71,525 when Tesla began deliveries of the Model Y L, a longer-wheelbase and six-seat version of its best-selling Model Y SUV until now only available in China. Its exports of China-made vehicles rose to a two-year high of 35,491 units last … Read More »

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Featured Article

OpenAI’s Altman urges US to expand Chips Act tax credit for AI growth

Altman’s comment follows OpenAI Chief Global Affairs Officer Chris Lehane’s October 27 letter to the White House Office of Science and Technology Policy Director Michael Kratsios seeking an extension of eligibility for the Advanced Manufacturing Investment Credit (AMIC) to AI server production, AI data center … Read More »

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Other Headlines

Fed’s Daly says policymakers need to keep an open mind about further cuts

WASHINGTON (Reuters) -Slowing payroll growth in the U.S. is likely due more to weaker demand for workers than the drop in the labor force from tightened immigration policy, an important distinction in the U.S. Federal Reserve’s debate about further interest rate cuts, San Francisco Fed President Mary Daly sai … Read More »

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