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According to filings with the U.S. Securities and Exchange Commission, Sean Lie, an executive at artificial intelligence company Cerebras (CBRS.O), plans to sell $153.19 million worth of company stock.The White House: By 2030, U.S. space transportation capabilities must be improved to support more than 1,000 launches and reentry flights per year.Note: Federal Reserve Chairman Warsh will speak in Jackson Hole at 10:00 a.m. ET on August 28 (10:00 p.m. Beijing time on August 28).August 21 – According to sources familiar with the matter, Broadcom (AVGO.O) is in talks with a group of lenders to raise more than $60 billion in debt financing for an AI chip deal that would benefit companies like Anthropic. The sources indicated that the financing plan is still being finalized and may include approximately $30 billion in subordinated debt. Several sources stated that under the proposed plan, Broadcom would guarantee a portion of the senior secured debt, potentially amounting to between $60 billion and $70 billion. Based on the current discussions, the total financing could reach as high as $100 billion. This agreement would further fuel the financing boom surrounding AI infrastructure development. AI companies, including Anthropic, are increasingly involved in infrastructure construction, seeking to ensure they have sufficient computing power. Meanwhile, Broadcom is also seeking to expand its sales of chips and other data center equipment, challenging Nvidia in this lucrative market.On August 21, the U.S. State Department announced on August 20 that it had approved a potential arms sale to Qatar, including aerial refueling tankers and related equipment, with a total estimated value of up to $4.5 billion. In a statement, the State Department said Qatar had offered to purchase up to four KC-46A aerial refueling tankers, along with engines, radar warning receivers, infrared countermeasures systems, and other related accessories and services. The statement said the sale would help enhance the security capabilities of “U.S. strategic regional partners,” thereby supporting U.S. foreign policy and national security objectives; it would also strengthen Qatar’s defense capabilities and its interoperability with U.S. and allied forces, and solidify Qatar’s strategic role in regional security. The KC-46A is the latest type of tanker aircraft in service with the U.S. Air Force, developed by Boeing based on the Boeing 767 passenger aircraft. The first aircraft was delivered to the U.S. Air Force in January 2019. According to Boeing, in addition to aerial refueling support, the aircraft possesses the operational capabilities and data transmission functions required for a multi-mission tanker.

BTC Fear & Greed Index Holds as the NASDAQ Composite Index Falls Again

Skylar Shaw

Nov 04, 2022 16:35

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Bitcoin (BTC) increased by 0.29% on Thursday. BTC finished the day at $20,223, somewhat correcting a loss of 1.63% on Wednesday. Notably, BTC avoided sub-$20,000 for the eighth day in a row while snapping a four-day losing run.


BTC increased to a morning high of $20,404 thanks to a positive start to the day. BTC dropped to a midday low of $20,052 after failing to surpass the First Major Resistance Level (R1) at $20,629 throughout the day. However, BTC returned to $20,356 before easing down, avoiding the First Major Support Level (S1) at $19,900.


US economic statistics supported the price of bitcoin.


The ISM Non-Manufacturing PMI decreased from 56.7 to 54.4 in October. Analysts predict a drop to 55.5.


The Index's sub-components were diverse. The non-manufacturing employment index for ISM dropped from 50.0 to 49.1. The Prices Index, however, increased from 68.7 to 70.7.


The unit labor cost data and other statistics, which were crypto-positive, contained unemployed claims. Initial unemployment claims saw a slight dip from 218k to 217k, while unit labor expenses increased by 3.5% in Q3, down from 8.9% in Q2.


Although the statistics supported cryptocurrency, Fed Chair Powell's statement continued to challenge the willingness of buyers. The markets continued to react to Fed Chair Powell's speech on Wednesday, which contributed to the NASDAQ Composite Index's decline of 1.73% on Thursday.


The US employment data released today will significantly affect the NASDAQ Composite Index and the cryptocurrency market.


The association between BTC and the NASDAQ Composite Index remains due to the cryptocurrency's sensitivity to US economic data and the FED. The NASDAQ 100 Mini was up 0.5 points this morning.