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☆ CNBC Daily Open: Strong earnings pave the way for markets
▼ + stars: | 2023-10-25 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. For the quarter, it reported earnings per share of $1.55 vs. $1.45 expected by LSEG, formerly known as Refinitiv. Google Cloud revenue was $8.41 billion vs. $8.64 billion, according to StreetAccount. Snap shares seesawSnap shares initially soared as much as 20% in after-hours trading as the company beat on the top and bottom lines.

Persons: Dow Organizations: CNBC, Dow Jones Industrial, Verizon, Microsoft, LSEG, Google, Treasury Locations: Hong Kong, Asia, Israel, United States, China

The bill to deratify the Comprehensive Nuclear Test Ban Treaty (CTBT) was approved by 156 votes to zero in the upper house after the lower house also passed it unanimously. Putin had requested the change to "mirror" the position of the United States, which signed the CTBT in 1996 but never ratified it. Though it has never formally come into force, the CTBT has made nuclear testing a taboo - no country except North Korea has conducted a test involving a nuclear explosion this century. CNN published satellite images last month showing that Russia, the United States and China have all expanded their nuclear test sites in recent years. Russia suspended the treaty this year and it is due to expire in 2026, leaving the two countries without any remaining bilateral nuclear weapons agreement.

Persons: Sergei Ryabkov, Vladimir Putin, Putin, Ryabkov, Washington, Filipp Lebedev, Mark Trevelyan, Kevin Liffey Organizations: Russia's, Duma, Russian, Handout, REUTERS, Washington, CNN, U.S . Energy Department, U.S, Thomson Locations: Moscow, Russia, United States, Ukraine, North Korea, China, Nevada, U.S, Kyiv, Washington

☆ Inflation is cooling, but the price hikes aren’t done
▼ + stars: | 2023-10-25 | by ( Lucy Bayly | Alicia Wallace | ) edition.cnn.com time to read: +8 min

Inflation in the United States has unquestionably cooled after hitting 40-year highs last year. Other key inflation gauges, the more comprehensive Personal Consumption Expenditures price index and the wholesale-focused Producer Price Index, have moderated as well. A spike in gas prices and other components such as persistently high shelter costs have kept inflation elevated. The locally owned Walnut Group restaurant company closed its venerable Mediterranean Restaurant (fondly called The Med), the French bistro Brasserie Ten Ten and the newer Italian entrant Via Perla. Courtesy Tim Romano PhotographyAlthough Brasserie Ten Ten had a nearly two-decade run before its closure, it was like starting a brand new restaurant, Hessel said.

Persons: Marlon Pando, White Lotus, Tony Hessel, he’s, Jerome Powell, Brandon Bell, —, ”, Lydia Boussour, United States —, Pando, “, Price, Frederic J . Brown, Mark Zandi, Chase Castor, hadn’t, Holly Wade, Peggy Romano, Romano, Brasserie, Tim Romano, Hessel, ” Hessel, you’ve, it’s Organizations: Minneapolis CNN —, Disney, Mexican Grill, White, Getty, Moody’s, National Federation of Independent, Washington Post, NFIB Research, shocker, Walnut Group, Via Perla Locations: Minneapolis, New Jersey, Boulder , Colorado, United States, Mexican, Austin , Texas, Alhambra , California, AFP, Marion , Kansas, —, Walnut

☆ Despite losing limbs, Ukrainian sappers return to work clearing land mines
▼ + stars: | 2023-10-25 | by ( Vitalii Hnidyi | ) www.reuters.com time to read: +3 min

[1/5] Oleksii Poliakov, member of the National police special demining unit works with mine fuses during a demining operation near Izum town, amid Russia's attack on Ukraine, in Kharkiv region, Ukraine, October 24, 2023. By May the following year he was back at work, standing on a prosthetic limb, sweeping for and defusing mines. But she has accepted it," he told Reuters while working in the Kharkiv region this week. Valeri Onul, another sapper, also returned to work in the unit despite losing a leg in a blast in November. Even in the immediate aftermath of the blast, he said he was sure he would return to mine-clearance work when he had made a recovery.

Persons: Sofiia, Ilkiv, –, Valeri Onul, Tom Balmforth, Deborah Kyvrikosaios Organizations: National, REUTERS, Reuters, Thomson Locations: Izum, Ukraine, Kharkiv region, KHARKIV, Russia, Kherson, Kharkiv, Dementiivka

☆ Rising yields and war: Here's how to trade the volatility, according to fund managers
▼ + stars: | 2023-10-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Market volatility looks here to stay: Yields are still rising, a war is raging, and it's uncertain whether interest rates will stay higher for longer. Go for bonds Though volatility in the bond market has led to losses, some fund managers are saying that it's time to get back into this asset class, given that yields are high. Money market funds typically include short-term Treasurys. Bond yields move inversely to prices — that means a peak in interest rates may signal that bond prices have bottomed. When interest rates rise, bond prices typically fall as existing bonds with lower yields become less attractive.

Persons: Investors, David Katz, Katz, Bryn Jones, there's, Jones, Hide, Paul Meeks, Meeks, Steven Glass, Glass, Marsh McLennan, he's, they're, — CNBC's Michael Bloom Organizations: Treasury, Bank of America, Matrix Asset, CNBC Pro, gilts, U.S . Federal, Treasury Bond ETF, Pella Funds, Group, ASM, Taiwan's Locations: Israel, United States, China, U.S, Pella, Germany, Netherlands

☆ ‘It’s Like Our Country Exploded’: Canada’s Year of Fire
▼ + stars: | 2023-10-24 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +4 min

Instead, he emphasizes what might be called the power law of wildfire spread. Most fires are not hard to put out if you want to extinguish them and don’t spread very fast if you don’t. Globally, the fire story is less exponential, with declines in burned area in sub-Saharan Africa mostly offsetting rapid fire growth in the major midlatitude hot spots, with the global trend in fire emissions, as a result, mostly flat. If we manage the forest around my little town, well, maybe we can stop my little town from burning down,” she says. And if we don’t, it’s all a game.” She goes on: “It doesn’t matter what we do in the forest, things are going to burn.

Persons: Pyne, We’re, ”, Mike Flannigan, “, Flannigan, Rachel Holt, ” Holt Locations: Canada, British Columbia, United States, American, Saharan Africa, Russian Siberia, Australia

☆ Apple's been relatively quiet about AI — but it's been pouring billions into research, and that could mean a 'smarter' Siri
▼ + stars: | 2023-10-23 | by ( Sebastian Cahill | Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Since the AI boom began, Apple has been quieter about incorporating the new technology than its peers. To catch up, the company is planning updates to Siri that incorporate AI. His employees are reworking a "smarter " Siri that uses them, per Bloomberg. AdvertisementAdvertisementBut Apple's lag doesn't mean they haven't been thinking of AI before this year: "We've been doing research across a wide range of AI technologies, including generative AI, for years," Cook told Reuters in August. AdvertisementAdvertisementAnd to be sure, while Apple's AI push may have been muted, it is predominantly a hardware company.

Persons: Siri, —, John Giannandrea, Craig Federighi —, Per Forbes, hasn't, Apple, it's, Tim Cook, We've, Cook Organizations: Apple, Bloomberg, Service, Meta, Microsoft, Google, Worldwide, Reuters, Ajax —, Ajax

☆ ‘5 Families’ and Factions Within Factions: Why the House G.O.P. Can’t Unite
▼ + stars: | 2023-10-23 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

First, House Republicans chose an establishment guy to be their speaker. Then they tried an ultraconservative candidate, but mainstream members struck back, quickly killing his candidacy. Back at square one after 20 days without a speaker, many House Republicans have found themselves asking: Are we simply too dysfunctional to govern? With a free-for-all raging in their ranks, House Republicans were huddling behind closed doors on Monday evening to hear from no fewer than eight contenders campaigning to be the party’s latest nominee for speaker. But the tangle of crosscurrents dividing them means that there is no guarantee that the victor can actually win the post on the House floor.

Organizations: House Republicans, Republicans

☆ Elon Musk's vision for X risks turning free speech into a pay-to-play game
▼ + stars: | 2023-10-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Elon Musk's X relies on free speech to work. But free speech is slowly tilting to paid speech on the platform. After all, "free speech" isn't very free if you're asked to cough up a regular fee. But the billionaire seems to have a grand plan for X, which involves taking the "free" out of "free speech." But by starting to charge users for access to X, Musk enters dangerous territory: a platform vital for documenting and sharing current affairs through free speech in real-time risks turning into a pay-to-play game.

Persons: Elon, —, Elon Musk, Musk Organizations: Service, Al, Reuters Locations: New Zealand, Philippines, Israel, Gaza, Al Jazeera, Syria

☆ CNN Investigates: Forensic analysis of images and videos suggest rocket caused Gaza hospital blast, not Israeli airstrike
▼ + stars: | 2023-10-21 | by ( Paul P. Murphy Katie Polglase Benjamin Brown Gianluca Mezzofiore Eliza Mackintosh | Paul P. Murphy | Katie Polglase | ) edition.cnn.com time to read: +18 min

But CNN’s analysis suggests that a rocket launched from within Gaza broke up midair, and that the blast at the hospital was the result of part of the rocket landing at the hospital complex. All agreed that the available evidence of the damage at the site was not consistent with an Israeli airstrike. In the past few days, a number of outlets have published investigations into the Al-Ahli Hospital blast. CNN geolocated the hospital blast by referencing nearby buildings just west of the complex. Marc Garlasco, the former defense intelligence analyst and UN war crimes investigator, says there are signs of a lack of evidence at the Al-Ahli Hospital site.

Persons: Joe Biden, “, Israel, –, Abed Khaled, Jazeera, Al, ” Markus Schiller, Cedric Leighton, Chad Ohlandt, PIJ, Fadel Na’eem, Na’eem, Dr, ‘, ”, Marc Garlasco, Chris Cobb, Smith, I’ve, we’ve, ” Cobb, Patrick Senft, Senft, it’s, There’s, Cobb Organizations: CNN, Palestinian, National Security Council, Shifa, Ahli Baptist Hospital, Israel, Al, NATO, European Union, US Air Force, US National Security Agency, Rand Corporation, ’, Brigades, Quds Brigades, IDF, UN, Amnesty International, Armament Research Services, Islamic Locations: Ahli, Gaza City, Gaza, Israel, Islamic, Al, Al Jazeera, Tel Aviv, Europe, Washington , DC, Ashdod, Quds, rummage

Kyiv CNN —Over the last week, a secret delivery of American weapons and a cross-river raid have injected much-needed energy into Ukraine’s largely stalled counteroffensive. In the east, Ukrainians claim to have inflicted massive losses on Russian forces trying to encircle an embattled city. Russian forces have launched waves of attacks repelled by the Ukrainian troops who are heavily entrenched in the area. Smoke rises above the area of the front line town of Avdiivka on October 18, 2023, amid the ongoing Russian military action in Ukraine. Stringer/AFP/Getty ImagesAvdiivka is no stranger to Russian assaults and has been on the front line of the conflict in eastern Ukraine since 2014.

Persons: Valerii Zaluzhnyi, “, It’s, John Hamilton, Volodymyr Zelensky, Joe Biden, Zelensky, Stringer, WarGonzo, Mykola Miakshykov, UOC, ” Organizations: CNN, US Army Tactical Missile, Armed Forces of, ”, Army Tactical Missile, White, US Army, Battles, Analysts, Getty, Kremlin, Popular, Ukrainian, Ukrainian Orthodox Church, Russian Orthodox Church, Metropolitan, Zelensky Locations: Kyiv, Berdiansk, Azov, Luhansk, Ukraine, Armed Forces of Ukraine, New Mexico, Moscow, Avdiivka, Donetsk, Russia, AFP, Kherson, Dnipro, Russian, Popular Russian, Krynky, Poyma, Kherson ., Obukhivka, Dnipropetrovsk Region, Ukrainian

☆ There’s a Reason This Bull Market Feels So Weird
▼ + stars: | 2023-10-20 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

At the start of the past four bull markets, the rebound was led by banks and smaller companies. Photo: Mark Lennihan/Associated PressWe are now more than a year from the bear-market low of October 2022, and while the bull market isn’t exactly raging, stocks are still up more than 20%. The markets, though, aren’t behaving as they usually do at the start of long-lasting bull markets. In some respects, the past year looks more like the tail end of one than the beginning. This makes me worry it may not last.

Persons: Mark Lennihan

President Biden on Friday delivered to Congress a $105 billion request for military aid, mostly for Israel and Ukraine, essentially daring lawmakers who oppose parts of the proposal to vote against an overall package that he said will ensure “American security for generations.”Mr. Biden is betting that Republicans who oppose more aid to Ukraine will not vote against legislation that also includes more than $14 billion to help Israel defend itself against terror attacks from Hamas. And he is hoping that progressive Democrats who do not want to support Israel’s military operations will not vote against additional aid for Ukraine. Also included in the request are billions of dollars to bolster security along the U.S.-Mexico border, security aid for Taiwan and a fund for humanitarian assistance in hot spots around the world. The legislative gamble is playing out against a global split screen: wars are raging in Europe and the Middle East, while in the United States, the House has been in a state of chaos for more than two weeks as Republicans struggle to select a speaker.

Persons: Biden, Mr Locations: Israel, Ukraine, U.S, Mexico, Taiwan, Europe, United States

☆ Giorgia Meloni Tells Italy She Is Dumping Her Longtime Partner
▼ + stars: | 2023-10-20 | by ( Jason Horowitz | ) www.nytimes.com time to read: +1 min

There is a war raging in the Middle East. A new China and Russia alliance is raising questions about the breakup of the world order. She thanked him for the “splendid” years together and for having given her the gift of their daughter. “Our ways have been divided for some time,” she wrote. “And the time has come to act.”Mr. Giambruno, 42, had doubted climate change, compared migrants to cattle, and suggested that women avoid drinking to excess to avoid being raped, but what appears to have especially upset the prime minister is the appearance of her partner hitting on women who were not the prime minister.

Persons: Giorgia Meloni, Andrea Giambruno, Ms, Meloni, “, ”, Mr, Giambruno Organizations: Friday Locations: Europe, China, Russia, Italy

☆ Take Five: Another curve ball for markets
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +5 min

The European Central Bank looks set to sit tight after a string of interest rate hikes, while there's a slew of U.S. earnings and Argentina's presidential election. ECB chief economist Philip Lane says the central bank was still "quite some distance" from easing monetary policy. Canada's central bank, meeting on Wednesday, is tipped to leave rates steady as inflation eases. 2 economy, property turmoil threatens China's 5% growth target - even after a consensus-smashing 4.9% quarterly expansion. Milei, surprise victor in the August primary election, has pledged to dollarise the economy and get rid of the central bank.

Persons: Brendan McDermid, Amanda Cooper, Naomi Rovnick, Kevin Buckland, Lewis Krauskopf, Rodrigo Campos, Philip Lane, hasn't, Javier Milei, Sergio Massa, Patricia Bullrich, Vineet Sachdev, Sumanta Sen, Dhara Ranasinghe, Simon Cameron, Moore Organizations: New York Stock Exchange, REUTERS, European Central Bank, Hamas, ECB, Reuters Graphics Reuters, Microsoft, Apple, Nvidia, Tesla, General Motors, Merck, United Parcel Service, Investors, International Monetary, Massa, Thomson Locations: New York City, U.S, London, Tokyo, New York, Israel, Palestinian, Russia, Ukraine, China, Beijing, ARGENTINA, Argentina, Pasir Kongkunakornkul

☆ Republicans Vote Out Jordan as Speaker Nominee, Continuing Chaos in House
▼ + stars: | 2023-10-20 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

Republicans cast aside their latest nominee for House speaker on Friday, rejecting Representative Jim Jordan of Ohio during a secret ballot vote, leaving them once again to search for a new leader amid raging personal and political recriminations. The rejection came hours after Mr. Jordan, his support ebbing, failed on a third floor vote to win the speakership. After his colleagues then voted to withdraw Mr. Jordan’s nomination, about a dozen House Republicans, few of them household names, quickly began making calls and exploring bids for speaker. “We need to come together and figure out who our speaker is going to be,” Mr. Jordan said, acknowledging his defeat. He said he would turn his focus back to the investigations he is leading into the Biden administration as chairman of the Judiciary Committee.

Persons: Jim Jordan of, Jordan, Jordan’s, Mr, Biden Organizations: Republicans Locations: Jim Jordan of Ohio

☆ In Beijing, Xi and Putin Double Down on Path to New World Order
▼ + stars: | 2023-10-18 | by ( Brian Spegele | Wenxin Fan | ) www.wsj.com time to read: 1 min

Russian President Vladimir Putin said there would be “close foreign policy coordination” with China during a meeting with Chinese leader Xi Jinping on Wednesday. President Putin’s spokesperson said the two leaders would discuss the Israel-Hamas conflict. Photo: Sergey Guneev/Sputnik/Kremlin Po/ShutterstockBEIJING—With one war raging in Ukraine and another unfolding in the Middle East, Chinese leader Xi Jinping is promoting his signature foreign-policy project as a force for unity, cooperation and prosperity around the globe. At a summit convened here to celebrate the Belt and Road Initiative, the picture looked more fractured.

Persons: Vladimir Putin, Xi Jinping, Putin’s, Sergey Guneev Organizations: BEIJING, Initiative Locations: China, Israel, Ukraine, East

☆ China’s Xi Doubles Down on Belt and Road as Path to New World Order
▼ + stars: | 2023-10-18 | by ( Brian Spegele | Wenxin Fan | ) www.wsj.com time to read: 1 min

Persons: Vladimir Putin, Xi Jinping, Putin’s, Sergey Guneev Organizations: BEIJING, Initiative Locations: China, Israel, Ukraine, East

☆ Estonia's Kallas Dismayed by Hungary's Orban Handshake With 'Criminal' Putin
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

With great pomp, Viktor Orban and Putin held talks in China on Tuesday. Broadcast on Russian television, Orban told Putin that he had never wanted to oppose Moscow and is trying to salvage bilateral contacts. "It was very, very unpleasant to see that," Kallas, one of Ukraine's staunchest defenders, told Reuters in an interview in Paris. At least 2,600 Hungarians and 600 Soviet troops were killed in the fighting. This is the reality, but it doesn't mean that we should lose our interest in these areas," Kallas said.

Persons: John Irish PARIS, Vladimir Putin, Kaja Kallas, Viktor Orban, Putin, Orban, Ukraine's, Kallas, Emmanuel Macron, he's, John Irish, Jonathan Oatis Organizations: Union, Ukraine, Reuters, Criminal Court, ICC, Republicans, Hamas Locations: Moscow, Estonian, Hungary, Russia, China, Paris, Ukraine, Soviet, Kyiv, U.S, Israel, Nagorno, Karabakh, Western Balkans, Middle East

Hours later, the president and his national security team were not confident enough to draw a final determination absolving Israel of responsibility. Had the early evidence examined by the president’s team pointed in the other direction, the White House would have been more inclined to reconsider the trip. But during a refueling stop in Germany on the way home from Israel, Biden told reporters on Air Force One that he had spoken by phone with Egyptian President Abdel Fattah el-Sisi. Advisers had appeared determined to reorient expectations before Biden had even arrived in Israel, saying that showing the powerful visual of American solidarity with Israel was a major goal of the trip. One adviser put it simply: Biden sent a “strong message to Israel, which was the purpose of it.”

Persons: Joe Biden, Israel, absolving Israel, Antony Blinken, “, Biden, –, John Kirby, ”, Jordan –, Abdel Fattah el, Sisi, David Satterfield, Jordan, Benjamin Netanyahu Organizations: CNN, White House, Base Andrews, White, Air Force, ”, Islamic, National Security Council Locations: Gaza, Tel Aviv, Amman, Jordan, Israel, ”, Germany, Rafah

Political Cartoons View All 1211 ImagesThe first woman to be Italy's premier, Meloni "won out against Salvini and Berlusconi. Fears for Italy's democracy have proved to be “exaggerated,’’ said Franco, who noted that Italy's president serves as a guarantor of the republic's post-war constitution. Meloni contends the rulings support a long-held belief on the political right that Italy’s magistrates sympathize with the left. Since becoming premier, Meloni has topped surveys of eligible voters, hovering near 30% — compared to the 26% of votes her party garnered in the 2022 election. Currently, Italy's president asks someone likely able to command a parliamentary majority the task of forming a government.

Persons: Giorgia Meloni, —, Matteo Salvini, Silvio Berlusconi, Vladimir Putin, Meloni, Salvini, Berlusconi, Massimo Franco, ”, Tommaso Grossi, Ursula von der Leyen —, Joe Biden, ’ ’, Franco, it’s, ” Meloni, Von der Leyen, ″, Roberto Calderoli, Antonio Tajani, Tajani, Meloni’s, “, ″ Grossi, nostalgists, Benito Mussolini, Di Segni, Mussolini, Raf Casert Organizations: ROME, Union, European Commission, EU, Kyiv, Russia’s, Forza Italia, European Policy, White, Italian Rai, European Union, “, Union of Italian, Nazi, Associated Locations: Italy’s, Europe, Italy, Brussels, Rome, Hungary, Poland, Meloni, Ukraine, Lampedusa, Libyan, Tunisia, Italian, Israel, Nazi

☆ US retail sales rose in September for the sixth-straight month
▼ + stars: | 2023-10-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Retail sales, which are adjusted for seasonality but not inflation, grew 0.7% in September from the prior month. Factoring in September’s 0.4% rise in consumer prices, inflation-adjusted retail sales were up 0.3% last month. From a year earlier, retail sales and food services spending were up 3.8% in September, the strongest annual gain since February. Spending grew across most categories last month, with sales at specialty stores advancing the most, by 3%. Excluding sales at gasoline stations, retail sales still advanced 0.7% last month.

Persons: ”, BIll Adams, ’, Adams, US Energy Information Administration “, Liz Ann Sonders, Charles Schwab, Brian Field, Gregory Daco, ” Daco, Joe Biden, Jordan Organizations: DC CNN, Comerica Bank, headwinds, UAW, United Auto Workers, US Energy Information Administration, Hamas, University of, San Francisco Fed, “ Retail, CNN, Employers, Sensormatic Solutions, Services, OPEC Locations: Washington, Israel, Iran

☆ Putin and Xi’s strengthening bond has a weakness
▼ + stars: | 2023-10-17 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

The $190 billion two-way trade relationship is up 29% since 2021, and has roughly doubled since Russia’s annexation of Crimea in 2014. A warm meeting between Putin and Xi will reaffirm China’s intention to carry on this robust business. Yet Russia’s lack of viable trade avenues makes its leader look more like a vassal than a peer to the Chinese president. Follow @LJucca on XCONTEXT NEWSRussian President Vladimir Putin is attending the Belt and Road Forum in Beijing on Oct. 17-18 where he is expected to meet Chinese President Xi Jinping. China and Russia declared a "no limits" partnership in February 2022 during a previous Putin visit to Beijing, just days before Moscow troops launched an invasion of Ukraine.

Persons: Vladimir Putin’s, Xi Jinping, Brent, Putin, Xi, Vladimir Putin, Una Galani, Thomas Shum Organizations: Reuters, People’s, Reuters Graphics, Bank of France, Centre for Research, Energy, Clean, HK, Forum, Soviet Union, Thomson Locations: HONG KONG, Beijing, Ukraine, People’s Republic, Crimea, Reuters Graphics Moscow, Russia, Europe, U.S, Republic, China, Hague, Moscow

☆ Gold skids, but holds above $1,900 as Israel-Hamas war rages
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: +2 min

A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. Spot gold fell 0.7% to $1,919.21 per ounce by 0423 GMT and U.S. gold futures dropped 0.5% to $1,932.70. Given the surge in prices, gold will likely remain in focus for traders seeking to buy dips, which makes $1,920 and $1,900 of area of interest. But if tensions in the Middle East continue to escalate, shorting gold may not end too well for bears over the near-term. Data on Friday showed that COMEX gold speculators increased net short position by 11,784 contracts to 14,788 in week ended Oct. 10.

Persons: Hungary Gold, Matt Simpson, Wang Tao, Joe Biden, Jerome Powell's Organizations: Heraeus SA, Solar, Hamas, Investors, Federal Locations: Budapest, Hungary, Israel

☆ As Israeli jets devastate Gaza, air force photos show fighter aircraft armed with what look like unguided 'dumb' bombs
▼ + stars: | 2023-10-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +10 min

But the Israeli Air Force recently published photos of fighter jets armed with what experts said look like unguided bombs. Israeli Air Force personnel "arming and continuing the series of attacks," per an X post on October 12, 2023. Israeli Air ForceIsraeli Air Force aircraft outfitted with bombs. AdvertisementAdvertisementAn Israeli Air Force video posted on Monday also showed fighter jets armed with unguided bombs ahead of footage of airstrikes. The unguided munitions in the photos look noticeably different from those equipped with JDAM kits, which turn unguided munitions into precision weapons.

Persons: —, it's, Israel, Michael Bohnert, Justin Bronk, Bronk, jet's, Momen Faiz, NurPhoto, JDAMs, they're, MAHMUD HAMS, Yoav Gallant Organizations: Israeli Air Force, Service, Attack Munitions, Twitter, Israeli Air Force Israeli Air Force, Rand Corporation, Royal United Services Institute, Royal Norwegian Air Force Academy, US Army Air Force, Israel Defense Forces, Air Force, Boeing, Guardian, ISIS, Hamas, Getty, Israeli Air, Israeli, IDF Locations: Israel, Gaza, Vietnam, Gaza City, AFP

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