S&P 500 at record high, ChatGPT opens new offices, corporate news

• The S&P 500 hits a record high ahead of a consumer price index report. Traders on Wall Street braced for key inflation data, sending stocks to new all-time highs. Treasuries suffered modest losses and the dollar posted its biggest streak of gains in two years.
Asian stocks rose after the U.S. hit new record highs. In a positive development, China's Finance Ministry said it would hold a briefing on Saturday that could provide details of its planned government actions.

• OpenAI, the company behind ChatGPT, has announced the opening of new offices in several cities around the world, including New York, Seattle, Paris, Brussels and Singapore.

• The EU is appealing to the WTO against tariffs on its brandy imposed by China.

• The US Energy Information Administration (EIA) released data on crude oil inventories: +5.810 million barrels. Such a significant increase in inventories could indicate a decrease in demand or an increase in production.

• Regional banks brace for tighter capital requirements, get relief from Fed rate cuts

• Lenders are preparing for third-quarter earnings this month and easing monetary policy will help regional banks reduce paper losses on bond portfolios.

• Airbus confirms deliveries fell 9% to 50 aircraft in September. For the first nine months of this year, deliveries rose to 497 (+2% y/y).
Airbus plans to deliver 770 aircraft for the full year.

• Mexico sides with US in potential trade battles with China, Economy Minister Marcelo Ebrard said.

• Widening US budget deficit, inflationary trade policy threaten bond outlook - PIMCO

• Following the November 5 presidential election, these measures could negatively impact US government bonds, despite the short-term benefits of the central bank's easing policy. This warning is especially relevant to a possible Trump victory.

• Amazon Inc. unveiled a new artificial intelligence tool designed to solve a key problem with its fast delivery system:
Drivers rummaging through cluttered vans at every stop to find packages.
Amazon to employ 10 times more robots in new warehouses
At its Delivering the Future event on Wednesday, Amazon announced plans for new delivery warehouses that will be staffed with robots.

• Meta is expanding its AI chatbot to 21 new locations as part of its continued growth, including the UK and Brazil, where the company has significant user bases.

• The U.S. Justice Department is considering asking a federal judge to force Google to sell off parts of its business, which would be a historic breakup of one of the world's largest tech companies.

• Bill Gross Recommends Moving Toward Defensive Stocks - Bloomberg The rally that has helped U.S. stocks nearly double in value over the past five years is fading and investors should expect low, though positive, returns on their investments, according to Bill Gross.

• Tesla had its best quarter ever for deliveries to China, with vehicle deliveries from its Shanghai plant rising for the third month in a row.

• The SUI ecosystem market cap reached $8.54 billion, with $5.4 billion coming from SUI and $3 billion coming from FDUSD. SUI is among the top 3 altcoins by net capital inflow, attracting over 9% of capital flows from the Ethereum ecosystem.

• FTX Creditor Payout Could Boost Crypto Market Growth - Bloomberg FTX creditors will receive more than $12 billion, which could spur investment in digital assets.

• The cryptocurrency market ignored the “exposure” of Bitcoin’s creator in the HBO film. The value of the main digital assets did not change during the day.

• Palantir (PLTR) shares rose 4% to a new record yesterday after the company bought a stake in Faraday Future Intelligent Electric worth about $2.6 million (9% FFIE).

• Harris has publicly stated that she considers Russian President Vladimir Putin a "murderous dictator." She has placed full responsibility for the military conflict in Ukraine on him and said that the US government should have no dealings with the Russian president. The Russian Embassy in Washington called Harris's statements unacceptable.

• American intelligence: Iran has accumulated 160 kg of highly enriched uranium. This is enough to create a nuclear bomb.

• Economy is the most important issue in the 2024 US presidential elections. Israel will not attack Iran's nuclear facilities
, but will focus on various military bases and intelligence facilities - The Jerusalem Post.