By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors. Spot gold reached a historic high of $2,740.37 a troy…
By Karen Freifeld (Reuters) – U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming soon. The rules, which will also require U.S. investors to notify the Treasury Department about some investments in AI and other sensitive technologies,…
By David Shepardson (Reuters) – The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain. The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a…
Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On? As Tesla gears up to release its Q3 earnings on Wednesday, options traders are placing big bets, with implied volatility pointing to a potential 5-8% price swing. The market is bracing for a major move, as contracts around the $200…
