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Sam Altman Joins Microsoft

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🚨 🚨 Sam Altman of OpenAI To Join Microsoft—Satya Nadella: “extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success”
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German PPI Flat

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🇩🇪 🇩🇪 Germany’s PPI drops 0.10% in October
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Blackstone Bids For Failed Bank’s Property Loan Portfolio

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🚨 🚨 Blackstone Is Lead Bidder In Signature Bank Property-Loan Sale
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Japan’s Nikkei At 33-Year High

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🇯🇵 🇯🇵 Japan’s Nikkei average tops 33-year high thanks to strong earnings. The Nikkei Stock Average has added around 30% in the year to date and nearly 8% over the past month
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Chinese Yuan Surges

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🇨🇳 🇨🇳 BREAKING: Chinese yuan at its strongest against the dollar in three months. That’s a sign of waning appetite in the greenback in general as one of its key tailwinds this year is now removed. Dollar Is Starting A Bear Trend
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Asia Is Selling Dollars

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🇦🇺 🇦🇺 AUD/USD – Solid Gains As USD Selling Resumes In Asia. Asia is risk-on. Key resistance is at the 200-day MA at 0.6592 and break would be bullish
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OpenAI Hires Former Twitch CEO

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‼️ ‼️ BREAKING: OpenAI’s board hired Emmett Shear, formerly of Twitch, as chief executive officer, defying calls from investors to reinstate the ousted Sam Altman. Shear had stepped down as CEO of Amazon.com Inc.’s game-streaming site Twitch earlier this year
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Welcome To Cold War 2

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🇨🇳 🇺🇸 Welcome To Cold War 2: Xi called on the US to show “in concrete actions” that it does not support Taiwan’s independence, to cease sending arms to Taiwan, and to accept Taiwan’s “peaceful reunification” with China as “inevitable.” The US side offered no comment
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Europe’s Petrochemical Industry Is Dying

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🇪🇺 🇪🇺 Warning: Europe’s Petrochemical Industry Is Heading for Death Row. In Europe, natural gas is about five times more expensive than in the US. Right now, it’s cheaper to buy ethylene, a building block for plastics, in Texas, and ship it across the Atlantic for further processing in Europe than producing it at home. And that’s precisely what petrochemical companies are doing. The net result is loss of economic activity in Europe and the loss of jobs and energy security
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Brexit’s Barnier: Not The Same EU Anymore

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🇬🇧 🇪🇺 Brexit negotiator Michel Barnier: ‘The EU is not the same one the UK left’
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