President Donald Trump said on Monday that his administration will impose a 25% tariff on medium- and heavy-duty trucks next month.  "Beginning November 1st, 2025, all medium and heavy duty trucks coming into the United States from other countries will be tariffed at the rate of 25%," Trump wrote in a Truth Social post.The U.S. trucking industry is a cornerstone of the national economy, moving roughly 73% of all domestic freight, according to the American Trucking Associations. Around 2 million Americans wo ...

Core Insights - Tesla is teasing a significant announcement scheduled for October 7, as indicated by two social media videos posted over the weekend [1][2] - Anticipation surrounding the announcement has led to a more than 4% increase in Tesla's stock price during Monday trading [2] Group 1: Upcoming Announcement - The first teaser video features a spinning wheel or fan with Tesla's logo, followed by a black screen displaying the date 10/7 [1] - The second video shows a car's headlights on while the vehicle's body remains cloaked in darkness, further building anticipation for the announcement [2] Group 2: Recent Performance and Market Expectations - Tesla achieved record third-quarter deliveries, driven by a surge in electric vehicle (EV) purchases before the expiration of the federal $7,500 EV tax credit on September 30 [5] - Despite the strong third quarter, analysts predict Tesla's annual deliveries will decline for the second consecutive year to approximately 1.62 million vehicles due to reduced demand from the expiration of EV incentives and political challenges related to Musk's involvement with the Trump administration [5] Group 3: New Model Developments - Tesla has delayed the rollout of a lower-cost version of the Model Y in the U.S. to stimulate demand amid sluggish EV sales, with plans to start selling it in the fourth quarter [6] - The new stripped-down Model Y is designed to be about 20% cheaper to produce than the refreshed version and could reach an annual production scale of about 250,000 units in the U.S. by 2026 [7] Group 4: Future Projections - Wall Street forecasts a rebound in Tesla's deliveries to 1.85 million vehicles next year, with the new lower-cost model expected to account for approximately 155,610 units in 2026 [9] - The pricing of the new model will be crucial in determining Tesla's cost-saving measures and potential to unlock new demand [10] Group 5: Historical Context - Tesla has not launched a new mass-market vehicle in years, relying instead on incremental updates to the Model 3 and Model Y to drive sales [12] - The last major vehicle launch was the Cybertruck, which has faced soft sales, prompting Tesla to offer significant discounts on existing inventory [13]

Traders in online prediction markets expect the federal government shutdown to last more than two weeks, signaling waning confidence in a near-term deal as negotiations in Washington remain at a standstill. Traders on the prediction market platform Kalshi give a 64% chance that the government shutdown will last just over 21 days. The trading volume, or the total dollar amount wagered on this market, sits just north of $2.5 million. Meanwhile, 72% of traders on Polymarket expect the shutdown to last at least ...

Core Insights - Advanced Micro Devices Inc. (AMD) shares surged over 35% in premarket trading following the announcement of a deal to provide computing power for OpenAI's next-generation AI systems [1] - The partnership is described as a "win-win," facilitating large-scale AI deployments and advancing the ecosystem [1] Group 1: Deal Details - AMD will supply enough graphics processing units (GPUs) to support 6 gigawatts of computing power for OpenAI's AI systems [2] - The first phase of the deal will commence in the second half of 2026, utilizing 1 gigawatt of AMD's upcoming MI450 chips [2] Group 2: Financial Implications - The partnership is expected to generate tens of billions of dollars in revenue for AMD while aiding OpenAI's AI infrastructure development [3] - AMD issued OpenAI a warrant for up to 160 million shares of AMD common stock, which will vest upon achieving certain milestones [3]

Core Viewpoint - Gold prices are on an upward trajectory, with expectations of breaching $4,000 per ounce by early 2026, driven by factors such as government uncertainty, a weaker U.S. dollar, and anticipated interest rate cuts [1][2]. Group 1: Market Performance - Gold has achieved its seventh consecutive week of gains, reaching an all-time high of $3,880.8 per ounce, marking a yearly increase of over 47% [2]. - Inflows into gold exchange-traded funds (ETFs) this year are the highest since 2020, indicating strong investor interest [7]. Group 2: Economic Influences - The Federal Reserve is expected to cut interest rates in October and December, which could support gold prices by reducing the opportunity cost of holding non-yielding assets [4]. - The U.S. dollar is experiencing a significant decline, projected to have its worst annual drop since the 1970s, further supporting gold's appeal [4]. Group 3: Investment Trends - The SPDR Gold Trust ETF, the largest ETF backed by physical gold, has seen consistent weekly inflows, reflecting strong demand [8]. - Notable performers in the gold investment space include ProShares Ultra Gold and DB Gold Double Long ETNs, both of which have increased by over 90% this year [9].

Core Points - Steak 'n Shake has initiated a patriotic campaign by installing large American flags at its restaurants nationwide, emphasizing its support for American values and traditions [1] - The initiative has garnered significant positive feedback on social media, with over 650,000 views and numerous supportive comments from customers [2][4] - The company has recently positioned itself against Cracker Barrel, criticizing its logo change and asserting its commitment to heritage and American values [5][7] Company Initiatives - The flag installations are part of a broader strategy to embrace heritage and patriotism, which includes recent menu changes such as switching from seed oils to beef tallow for food preparation [1][7] - The transition to beef tallow has received praise from notable figures, including Health and Human Services Secretary Robert F. Kennedy Jr. [7][8] - Steak 'n Shake's locations span several states, including Texas, North Carolina, Florida, Missouri, Tennessee, Georgia, Illinois, and Ohio, indicating a wide operational footprint [5] Customer Engagement - The social media response to the flag initiative has been overwhelmingly positive, with customers expressing increased loyalty and pride in the brand [2][4] - Comments from users highlight the effectiveness of the marketing strategy, suggesting that the campaign is attracting new customers [4][5] - The company's focus on American values resonates with its customer base, as evidenced by the supportive remarks on social media platforms [4][5]

Group 1: Recall Announcement - Kroger has issued a voluntary recall of two deli pasta salads due to potential listeria contamination [1][5] - The affected products are Basil Pesto Bowtie Salad and Smoked Mozzarella Penne Salad, sold in 1,860 stores across 28 states [2][1] - Customers were notified through receipt messages and email alerts, and are advised to return the products for a full refund or replacement [5][6] Group 2: Health Concerns - Listeria monocytogenes can cause serious infections, particularly in vulnerable populations such as young children, older adults, and pregnant women [8] - No illnesses or injuries have been reported related to the recalled items as of the announcement [8] Group 3: Supplier Recall - Kroger was informed by Fresh Creative Foods about a recall from its pasta supplier, Nate's Fine Foods, affecting 24 stores in Arizona, New Mexico, and Nevada [8][11] - The recall was expanded to include additional dates of bowtie and penne pasta products due to the same contamination concerns [11]

The ongoing partial government shutdown prevented the Labor Department from releasing the anticipated September jobs report as scheduled on Friday, causing economic data watchers to turn their attention to alternative sources to gauge labor market conditions. The Bureau of Labor Statistics' September jobs report was expected to show the economy added 50,000 jobs in September, according to economists polled by LSEG. That would continue the trend of soft jobs reports in recent months, with August's initial pr ...

Core Points - Federal investigators, including the NTSB and FAA, are examining a crash involving two Amazon Prime Air delivery drones that collided with a construction crane in Tolleson, Arizona [1][2][5] - Amazon has paused drone deliveries in Arizona but plans to resume operations shortly, indicating cooperation with authorities and completion of an internal review [8][9] - The official cause of the crash is still unknown, occurring amid discussions by the U.S. Transportation Department on new rules for drone operations beyond the visual line of sight [12] Investigation Details - The NTSB is actively investigating the collision of the two MK30 drones with the crane [2][5] - No injuries were reported from the incident, which took place in a commercial area [1][5] Company Response - Amazon has stated that safety is a top priority and has conducted an internal review, asserting that there were no issues with the drones or their supporting technology [11] - The company has introduced additional safety measures, including enhanced visual landscape inspections to monitor for moving obstructions like cranes [11]

Core Insights - Mortgage rates have increased for the second consecutive week, reaching an average of 6.34% for the 30-year fixed mortgage, up from 6.3% the previous week, and higher than the 6.12% average a year ago [1][2][5] Market Influences - Lenders set mortgage rates based on broader market forces, including the 10-year Treasury yield and the price of mortgage-backed securities [2][5] - The 10-year Treasury yields are closely linked to mortgage rates and fluctuate with new economic data and market expectations [4][5] Federal Reserve Actions - The Federal Open Market Committee cut the federal funds rate by 25 basis points on September 17, marking its first reduction since December 2024, but did not provide strong guidance for future cuts, leading to increased mortgage rates [7][8][10] - Prior to the Fed's announcement, markets anticipated a rate cut, which caused Treasury yields and mortgage rates to dip temporarily [8][10] Economic Context - Mortgage rates are influenced by various factors, including the economy, inflation, government policies, and global events, as well as individual borrower characteristics such as credit score and debt-to-income ratio [5][11] - Current rates are expected to remain stable as markets assess the implications of a potential government shutdown [11][12]