#clemenchiang

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Tesla founder and CEO Elon Musk said in a tweet he thinks the global economic decline can last until the spring of 2024. Musk joins other notable industry titans in expressing concerns about the state of the economy and a potential economic downturn. Musk becomes the latest corporate titan to express reservations about the economy, joining Goldman Sachs CEO David Solomon, JPMorgan Chase CEO Jamie Dimon, and Amazon founder Jeff Bezos. Earlier Friday, Dogecoin co-creator Billy Markus mentioned that current COVID-19 case numbers "are actually pretty low" and "all we have to worry about now is the impending global recession and nuclear apocalypse." Shares of Tesla Inc (TSLA.O) slid 6.6% to close at $207.28 on Thursday, a day after Musk told analysts on a conference call that the weakness in China and Europe was causing demand to be "a little harder than it otherwise would be."

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Elon Musk said Tesla is "pedal to the metal" whether there's a recession or not on Wednesday. The Tesla CEO said the carmaker has no plans to slow ambitious production targets. Jeff Bezos warned on Tuesday companies should "batten down the hatches" amid an economic downturn. On Tesla’s third-quarter earnings call, CEO Elon Musk said the company is not cutting production “in any meaningful way, recession or not recession.” “We’re very pedal to the metal come rain or shine,” Musk said. Regarding Musk’s proposed $44 billion acquisition of Twitter, he said that the company “sort of languished for a long time but has incredible potential. Regarding Musk's proposed $44 billion acquisition of Twitter, he said that the company"sort of languished for a long time but has incredible potential."Adrees Latif | ReutersSpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022.

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ASML reported third-quarter revenue and earnings on Wednesday that topped analyst expectations, bucking the trend of a slowdown seen by other semiconductor companies. Shares of chip firms have been battered this year amid a slowdown in growth among companies like Samsung and Micron as the semiconductor boom hits a wall. But the strong results from ASML bucked the broader market slowdown, sending shares more than 6% higher in morning trade. ASML said it expects the direct impact of U.S. chip curbs on China to be “limited.” Shares of chip firms have been battered in 2022 amid a slowdown in growth among companies like Samsung and Micron as the semiconductor boom hits a wall. ASML shares are down around 40% so far this year. But the strong results from ASML bucked the broader market slowdown, sending shares more than 6% higher in European afternoon trade.

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Dance has been scientifically proven to reduce levels of cortisol caused by chronic stress. It also causes the brain to release dopamine – a natural mood booster, and endorphins – a natural painkiller. So, although it may seem counter-intuitive, this kind of exercise may help you relax!  Dance is a wonderful opportunity to really reflect upon the exact elements that make dancing a joy instead of a pain. Of course, before anything else, one has to have a genuine passion. Or interest. After that, it is hard to resist the addiction to dancing.

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Despite a tough few quarters for the memory industry, signs that the rout is nearing a bottom make now an opportune time to buy shares of Micron Technology, according to Loop Capital. Analyst Charles Park initiated coverage of the semiconductor stock with a buy rating, saying in a note to clients Thursday that he expects Micron’s earnings to bottom and inventories to peak in the fiscal second quarter of 2023. “We expect DRAM fundamentals to bottom in 1H23, with the share price typically bottoming a couple of quarters ahead,” he wrote. “Although the N-T macro and demand uncertainties remain and semis will likely face further pressure, the key metrics suggest that the memory industry is nearing a bottom and that the risk/reward appears favorable.”

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Starboard Value has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC’s David Faber. Dow-component Salesforce jumped more than 5% in early trading Tuesday. Shares of Salesforce have fallen more than 40% this year. The company in August gave a disappointing forecast for fiscal 2023, partly due to a negative foreign exchange impact. Starboard's stake in Salesforce could signal a push for changes after a mixed few months for the SaaS giant. Salesforce's stock went up more than 7% on Tuesday, after activist investor Starboard Value revealed a significant stake in the company, according to CNBC. “Salesforce is ingrained in the fabric of so many companies and has become so important in the way they operate and conduct businesses,” Smith told Faber in an interview, saying that he would like to be a long-term investor in the company.

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Apple would fare better than other technology companies in the event of an economic downswing, according to Morgan Stanley. Analyst Erik Woodring said the broader market will feel the impacts of a weakening economy and companies’ earnings per share will see double-digit slides for the rest of the year. But he said Apple is more insulated, making it the firm’s top pick among overweight stocks. Apple stock moved up 2.8% Monday after Morgan Stanley called it a top pick in the event of a U.S. economic downturn. The analyst kept the overweight rating, though reduced the price target from 180 to 177. Microsoft lost 2.4% Friday but is still holding above last week's 52-week low price.

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Jeffrey Sachs joins The Grayzone's Max Blumenthal and Aaron Maté to discuss the investigation into the origins of Covid-19. As chair of the Lancet COVID-19 commission, Sachs alleges that SARS-CoV2 originated from the dangerous gain of function experiments sponsored and conducted by US biotech institutions. He alleges a vast cover-up of Covid origins, including by former members of his commission, and details the personal attacks he has incurred for speaking out.

Guest: Jeffrey Sachs, Director of the Center for Sustainable Development at Columbia University and chair of the Lancet COVID-19 commission.

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President Joe Biden said Thursday that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis, as Russian officials speak of the possibility of using tactical nuclear weapons after suffering massive setbacks in the eight-month invasion of Ukraine. Speaking at a fundraiser for the Democratic Senatorial Campaign Committee, Biden said Russian President Vladimir Putin was “a guy I know fairly well” and the Russian leader was “not joking when he talks about the use of tactical nuclear weapons or biological or chemical weapons.” 

 President Joe Biden said Thursday that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis, as Russian officials speak of the possibility of using tactical nuclear weapons after suffering massive setbacks in the eight-month invasion of Ukraine. Speaking at a fundraiser for the Democratic Senatorial Campaign Committee, Biden said Russian President Vladimir Putin was “a guy I know fairly well” and the Russian leader was “not joking when he talks about the use of tactical nuclear weapons or biological or chemical weapons.”

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Electric vehicle maker Tesla (NASDAQ: TSLA) sold 83,135 China-made vehicles wholesale in September, smashing its record of monthly sales in China, according to a report released Sunday by the China Passenger Car Association (CPCA), Reuters report. According to CPCA data, the amount represents an 8% increase from August and surpassed the more than 5% growth month over month of total wholesale electric vehicle sales in China.

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A group of China’s top new energy vehicle makers including NIO, XPeng Motors, and Li Auto have all been researching the development of their own automated driving chips, according to a report by LatePost on October 8. It takes about 3 billion yuan ($421.6 million) to produce an original automated driving chip, including IP purchases, tape out, and personnel expenses. The time it takes to move a new chip from development, tape out, and testing to applying it to cars is roughly three to four years. Thus, NIO, XPeng, and Li Auto‘s automated driving chips may be ready to be used in vehicles as early as 2024. NIO, the first of the

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September’s nonfarm payrolls report provided both assurances that the jobs market is strong and that the Fed will have to do more to slow it down. Worker pay rose 5% on a year-over-year basis in September, down slightly from the 5.2% pace in August but still indicative of an economy where the cost of living is surging. Futures pricing Friday pointed to an 82% chance of a 0.75-point move in Novemb

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Bank stocks are entering earnings season near the lows. JP Morgan Chase and Citigroup kick off the group’s earnings season on Friday. Both are at 52-week lows. So is KeyCorp, Bank of America, Comerica, and PNC. Banks haven’t entered earnings season in this bad a shape since the early days of covid. 🚨 Hello 👋 I'm interested to learn about Insider Trading⚡️Spiking AI Copy Trading 🤖 Cryptos + Options + Stocks 🔥 Profit 5-100% in 1 Day 🚀 Follow our youtube channel https://youtube.com/spiking and Visit https://spi.ke/help today! ✅ Sign up for my webinar for free at https://spi.ke/meeting! 💬 Let me know what you think of this video in the comment section below.

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With a dovish Federal Reserve pivot seemingly off the table after last week's employment report, risks for speculators are running high before Thursday's release of the consumer price index.  Anything above the prior reading of 8.3% would be big trouble for the stock market, according to JPMorgan Chase & Co.’s trading desk. “This feels like another -5% day,” the team led by Andrew Tyler wrote in a note Monday, noting that the S&P 500 dropped 4.3% on Sept. 13, when August’s inflation reading came in hotter than expected. The scenario is the worst case laid out as a rough guide for clients seeking to navigate the heightened market volatility around economic data.

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The OPEC+ alliance agreed to its biggest production cut since the start of the pandemic in Vienna on Wednesday, a move that drew a swift rebuke from the US and prompted Goldman Sachs Group Inc. to increase its price forecast for global benchmark Brent crude this quarter. Goldman Sachs has raised its oil price forecast for this year and 2023, as the U.S. bank expects the 2 million barrels per day (BPD) output cut agreed by OPEC+ producers to be “very bullish” for prices going forward. Oil Tops $88 After Four-Day Runup on OPEC+ Cut and Supply Fears. (Bloomberg) -- Oil topped $88 a barrel a day after the OPEC+ alliance announced its biggest production cut since 2020.

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OPEC and non-OPEC partners on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite U.S. pressure to pump more. Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession. OPEC+ agreed to cut its collective output limit by 2 million barrels a day, stoking tensions with the US as the cartel seeks to halt a slide in oil prices caused by the weakening global economy. In a statement, the group said the decision to cut production was made “in light of the uncertainty that surrounds the global economy and oil market outlooks.” Global oil prices, which soared in the first half of the year, have since dropped sharply on fears that a global recession will depress demand.