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Silver ETFs Hover Around a 52-Week High: Here's Why
ZACKS· 2025-09-30 11:26
Group 1: Silver Market Performance - Silver reached a new 14-year peak as the U.S. dollar weakened amid rising risks of a government shutdown, with iShares Silver Trust (SLV) gaining about 15.7% over the past month, outperforming SPDR Gold Trust (GLD) which advanced about 9% [1] Group 2: Industrial Demand and Applications - Approximately half of silver's total demand comes from industrial applications, with a 4% increase in industrial demand reported in 2024, particularly driven by green energy initiatives [2] - Silver is crucial in solar power and electric vehicle applications, with China's solar cell exports increasing over 70% in the first half of the year, primarily due to strong shipments to India [3] - The automotive industry's increasing vehicle sophistication and gradual electrification of powertrains are expected to drive higher silver demand [3] - The global rollout of 5G technology is another positive factor for silver, as electronic components for 5G heavily rely on silver [4] Group 3: Economic Factors Influencing Silver Prices - The Federal Reserve's first rate cut of 2025 occurred in September, with an 89.3% chance of a further 25-basis point cut in October and 68.2% expecting another cut in December, influenced by a softer labor market [5] - Continued policy easing by the Fed could weaken the U.S. dollar, which typically boosts silver prices, as evidenced by the Invesco DB US Dollar Index Bullish Fund (UUP) declining 7% this year [6] Group 4: Safe-Haven Demand - Silver's appeal as a safe-haven asset has increased amid moderate trade tensions and the potential for a U.S. government shutdown, with rising uncertainty boosting its demand [7][8] Group 5: ETFs and Investment Vehicles - In addition to iShares Silver Trust (SLV), other ETFs such as Global X Silver Miners ETF (SIL), Amplify Junior Silver Miners ETF (SILJ), and abrdn Physical Silver Shares ETF (SIVR) are also performing well, hovering around 52-week highs [9]
Cars.com Tapped As First Automotive Content Partner in Uber Advertising's New "JourneyTV Presents" In-Ride Entertainment Experience
Prnewswire· 2025-09-30 10:30
Core Insights - Cars.com has partnered with Uber Advertising to become the first automotive content partner for "JourneyTV Presents," providing curated car shopping content to Uber riders [1][2] - The partnership aims to enhance the car shopping experience by offering a "Send to Phone" functionality, facilitating a seamless transition from in-ride content to Cars.com [1][2] - Cars.com emphasizes its editorial authority and expertise, which helps engage potential car buyers early in their purchasing journey [2][3] Company Overview - Cars.com is recognized as the leading automotive marketplace, attracting over 25 million in-market consumers monthly [5] - The platform provides essential data, resources, and digital tools to assist consumers in making informed car buying decisions [5] Consumer Insights - Over 70% of consumers visiting Cars.com are undecided about their car make and model, indicating a significant opportunity for targeted content [3] - The platform features more than 13 million consumer-generated reviews, which are crucial for guiding shoppers in their decision-making process [3] Content and Expertise - Cars.com offers proprietary content covering various topics, including affordability, family cars, electric vehicles, and used car shopping tips, developed by in-house automotive experts [4] - Unique reports such as the American-Made Index and Affordability Report enhance the research experience for consumers [4]
Faraday Future Announces Closing of Strategic $41 Million Investment in Qualigen Therapeutics (NASDAQ: QLGN) to Accelerate its Dual-Flywheel & Dual-Bridge Eco Strategy
Globenewswire· 2025-09-30 10:00
Core Insights - Faraday Future Intelligent Electric Inc. is transitioning to a new strategic direction by investing in Qualigen Therapeutics, which is expected to rebrand as CXC10, focusing on crypto and Web3 business [1][2] Investment Details - The total investment in Qualigen Therapeutics amounts to approximately $41 million, with Faraday Future contributing around $30 million and an additional $4 million from YT Jia, the Founder and Global Co-CEO [2] - Other investors include SIGN Foundation, Sequoia Capital, IDG, and Circle [2] Ownership Structure - Following the investment, Faraday Future holds approximately 55% of Qualigen's pro forma common stock, while YT Jia holds about 7%, which he has committed to lock up for two years [3] Strategic Significance - This investment marks a critical milestone in Faraday Future's "Dual-Flywheel & Dual-Bridge" Eco-Strategy, linking electric automotive innovation with crypto and Web3 [3][4] - YT Jia emphasized that this ecosystem aims to create new value for both stockholders and token holders across Faraday Future and CXC10 [4] Company Overview - Faraday Future is a California-based company founded in 2014, focused on disrupting the automotive industry through a user-centric and technology-first approach [4] - The flagship model, FF 91, represents the company's vision for luxury and innovation, with plans to introduce mass production models targeting a broader market [4]
Wall Street Opens Higher Amid Acquisition Buzz and Key Economic Week Ahead
Stock Market News· 2025-09-29 14:07
Market Overview - U.S. equities opened positively on September 29, 2025, aiming to recover from previous week's losses, with major indexes showing resilience and gains at the start of trading [1][2] - The S&P 500 rose to 6672 points, gaining 0.42% from the previous session, while September has been a winning month overall with the S&P 500 up 2.8%, Dow up 1.5%, and Nasdaq up 2.9% [2] Economic Indicators - Personal spending data indicates resilient final demand, with second-quarter GDP growth revised up to 3.8%, but core inflation in services remains a concern for the Federal Reserve [3] - The upcoming September jobs report is expected to show 43,000 new jobs and an unemployment rate of 4.3%, providing critical insights into the labor market [5] Corporate Developments - Electronic Arts (EA) is set to be acquired by an investor consortium in an all-cash transaction valued at approximately $55 billion, representing a 25% premium to EA's unaffected share price [8] - Baker Hughes (BKR) received a significant award from Petrobras for subsea tree systems, expected to boost Brazil's offshore energy sector [12] - Apple (AAPL) shares gained 2.1% on reports of a new AI-powered Siri app, indicating ongoing innovation [12] - Intel (INTC) climbed 3.4% amid speculation of a White House initiative to reduce reliance on overseas chip production [12] - Boeing (BA) advanced 3.6% after regulators restored some oversight powers, signaling increased confidence [12] - AstraZeneca (AZN) plans to list its shares directly on the New York Stock Exchange, replacing its existing ADR listing on Nasdaq [12] - Novartis (NVS) is launching a direct-to-patient platform for its Cosentyx drug in the U.S. [12]
All-electric school bus pilot gearing up in New Mexico
Prnewswire· 2025-09-29 13:00
Accessibility StatementSkip Navigation State and GreenPower announce electric school bus pilot in Las Vegas, Santa Fe Governor Michelle Lujan GrishamEDD Cabinet Secretary Rob BlackEDD Deputy Cabinet Secretary Isaac RomeroGreenPower President Brendan RileyGreenPower CEO Fraser Atkinson SANTA FE, N.M., Sept. 29, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. ("GreenPower") and the New Mexico Economic Development Department have announced the launching of the New Mexico All- Electric, Purpose-Built, Zero-E ...
粤商竞逐未来产业:谋技术突围,探创新之巅
Core Insights - The article discusses the rising influence of Guangdong businesses (Yue merchants) in the global economic and technological competition, shifting from traditional manufacturing to technology innovation [2][3][15] - Guangdong enterprises are increasingly focusing on future industry sectors, showcasing their capabilities in AI, robotics, and smart transportation, thus establishing themselves as key players in global technology competition [3][6][10] Group 1: Technological Advancements - Guangdong companies are no longer just manufacturers; they are now competing in critical future industries such as AI, with Tencent's mixed Yuan model and Huawei's Kirin 9020 chip leading the charge [3][6] - New AI models like Kimi and DeepSeek have gained international attention, indicating Guangdong's growing role in the global AI landscape [5][6] - The region is also making strides in robotics, with companies like UBTECH and Zhiqiang demonstrating significant technological breakthroughs [8][10] Group 2: Global Expansion - Guangdong businesses are expanding globally, moving from product exports to brand and technology exports, with a focus on establishing a balanced supply chain [11][12] - Major companies like Midea and BYD are setting up manufacturing bases worldwide, reflecting a shift towards a more diversified and strategic approach to international business [12][13] - The export of high-tech products from Guangdong has seen significant growth, with a 13.3% increase in high-tech product exports in the first half of the year [13] Group 3: Local Adaptation - Successful global expansion requires local adaptation, as seen in TCL's experience in Vietnam, emphasizing the importance of local teams and product localization [14] - Companies like Visionox and EVE Energy are establishing local production bases to enhance their resilience and responsiveness to local markets [14]
X @Bloomberg
Bloomberg· 2025-09-29 10:30
Jaguar Land Rover is set to start making cars again after securing a £1.5 billion loan guarantee from the UK government https://t.co/MabISvFU8k ...
X @The Wall Street Journal
Jaguar Land Rover Gets $2 Billion U.K. Government Loan Guarantee After Cyberattack https://t.co/9KP1UnOPxn ...
X @Bloomberg
Bloomberg· 2025-09-29 04:44
Toyota’s record sales run, including steady growth in China and North America, has lost steam after a sharp drop back home in Japan https://t.co/30B9zJ4tEo ...
X @Tesla Owners Silicon Valley
Dropped off donuts at Tesla Stockton@TonyQuickBandit https://t.co/OziGj0968TTesla Owners Silicon Valley (@teslaownersSV):Our club will be dropping off donuts across the Bay area today to encourage the Tesla team ...