Gold and silver advanced after softer PCE inflation reduced October Federal Reserve increase expectations, but low jobless claims, rising Treasury yields, expensive oil and a firmer dollar kept the precious metals rally under pressure.
Gold rose 0.65% to $4,182.50 per ounce despite stable U.S. unemployment claims, elevated yields near 5.30%, and expectations that the Federal Reserve could raise interest rates again before the end of the year.
Meta and the IRS remain locked in a Tax Court dispute over whether roughly $4.1 billion from Zuckerberg’s stock options qualified as research wages, a classification that supported approximately $355 million in federal tax credits.
Howard Lutnick disclosed at least $250 million in 2025 income and other proceeds while selling at least $259 million in assets and directing substantial purchases toward Treasury and broad market funds.
Broadcom could lend Anthropic up to $42 billion for infrastructure spending while gaining its largest chip design customer, creating a far reaching relationship that spans compute supply, equipment leasing and financing.
September layoff announcements fell sharply, but seasonal hiring plans dropped 23% from last year. Technology led announced cuts, while reduced plans from Michaels and Spirit Halloween highlighted employers' cautious approach to staffing for the holidays.
California employers must now add human review and worker notification when AI primarily drives firing or disciplinary decisions, marking a major expansion of oversight after Newsom rejected an earlier, broader version of the legislation.
The SEC plans to widen private market access and permit performance fees as high as 20%, even as redemption pressure at Blue Owl Capital, Blackstone, and Apollo sharpens concerns about liquidity for retail investors.
Alphabet’s Project Suncatcher will receive its first test in orbit as SpaceX launches Google AI chips aboard a Planet Labs prototype, advancing a bold computing vision that still faces steep technical and economic barriers.
Walmart is linking its app to illuminated shelf labels as it expands tools for shoppers and employees, promising faster product searches while confronting concerns about pricing practices, customer data and the growing role of artificial intelligence.
Micron beat quarterly estimates and delivered stronger guidance as artificial intelligence demand propelled data center and DRAM sales. With shares up more than 500% in a year, the memory producer is committing $250 billion to expand HBM production.
Minneapolis Fed President Neel Kashkari says inflation remains too high despite core PCE at 3%, while a resilient economy, a solid labor market, and uncertain returns from heavy AI investment shape his outlook.
The average 30 year fixed rate mortgage reached 7.58%, its highest level since November 2023, as Treasury yields climbed and bond market volatility raised the risk of cooling home sales before the housing market’s typical winter slowdown.
El Pollo Loco is bringing its grilled chicken to Queens as part of a 15 restaurant New York expansion, while accelerating national growth, reporting stronger sales and margins, and rewarding investors with a 44% stock gain.
Goldman Sachs is thriving under David Solomon, but reported plans to elevate John Waldron create a delicate standoff involving Solomon’s strong record, Waldron’s patience, and an $80 million retention package that runs through 2030.
Ford CEO Jim Farley says Europe waited too long to confront Chinese automakers, but America still has choices as Ford balances competition, strategic partnerships and growing political scrutiny over China’s potential entry into the United States.