🇨🇳 🇨🇳 China’s AI filings extend lead over US after Beijing’s tech initiatives – report. Chinese institutions applied for 29,853 AI-related patents in 2022, compared to 29,000 in the previous year—80% more than US filings, which fell 5.5%
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🏡 🏡 BREAKING: PulteGroup GAAP EPS of $2.90 beats by $0.10, revenue of $4B misses by $60M
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🚘 🚘 BREAKING: GM tops Q3 expectations but pulls full-year guidance due to mounting UAW strike costs
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🚨 🚨 BREAKING: General Electric jumps after Q3 beat, higher guidance
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🚨 🚨 Bank Of America: A retest of the 4,200 level could mean stocks will soon bounce from their recent pullback. Bank of America’s Stephen Suttmeier said the CBOE 3-Month Volatility Index (VIX3M) and the CBOE Volatility Index (VIX) could flash an oversold reading below 1.0 as the S&P 500 nears its support levels, a possible capitulation signal indicating it’s time for investors to buy
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🧶🧶 Microsoft reports 3Q earnings on 24 Oct and UBS says, the stock is a good hedge, against a recession
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🌏 🌏 Buy now, pay later services and digital banks are quickly plugging a large lending gap in Southeast Asia, as widespread adoption of smartphones and the use of e-commerce platforms allows fintechs to obtain customer data and screen even those with little or no credit history
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🚨 🚨 Morgan Stanley’s Wilson “remains comfortable” with year-end 3900 S&P500 target
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