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On September 12th, according to two sources familiar with the matter, Anthropic is in talks with Nvidia (NVDA.O) to bring the latter into the IPO as an anchor investor; Anthropics IPO is expected to be the largest in history. The sources said Anthropic plans to raise up to $100 billion, which could value the AI startup at approximately $2 trillion. One source added that Nvidia is considering investing up to $10 billion in the IPO. They cautioned that the plans are still under discussion and subject to change. The report points out that bringing in a major investor with substantial financial resources like Nvidia is expected to boost investor confidence in the listing. This IPO is increasingly becoming a major test of the public markets acceptance of the huge valuations and funding needs of cutting-edge AI labs.On the evening of September 11 local time, Iraqi Armed Forces Commander-in-Chiefs spokesman, Sabah al-Numan, issued a statement condemning the attacks against Saudi Arabia and expressing opposition to any actions that endanger Saudi security and stability or damage the brotherly relations between the two countries. The statement said that Iraqi Prime Minister and Armed Forces Commander-in-Chief Muqtada al-Zaidi had ordered an urgent investigation into the specific circumstances of the attacks and those responsible, and that those involved be held accountable according to law. He also emphasized that the Iraqi government will not tolerate any activities that endanger Iraqs own security or its relations with friendly countries. The statement further stressed that Iraqi territory and airspace will not be used as a springboard for attacks on any country and stated that Iraq will cooperate with countries in the region to prevent similar incidents from happening again.The Iraqi Prime Ministers Office stated that an investigation confirmed the drone attack against Saudi Arabia originated from within Iraq, leading to the dismissal of an Iraqi military commander.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.2 (deep-focus) occurred at 05:24 on September 12 near the Java Sea in Indonesia (5.01 degrees south latitude, 106.88 degrees east longitude). The final result is subject to the official rapid report.Oracle (ORCL.N): Executive Chairman Larry Ellison adopted a new trading scheme on June 22, which is scheduled to terminate on October 24. The scheme aims to allow Oracle to sell up to 50 million shares of Oracle common stock.

Prediction for Silver Price: XAG/USD falls below $21.60 as USD Index recovers amid global worries

Daniel Rogers

Feb 20, 2023 11:04

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During the Tokyo session, the silver price (XAG/USD) experienced a sharp decline to close to $21.55. The white metal fell like a house of cards as geopolitical tensions intensified the theme of risk aversion. Silver price is predicted to continue its downside momentum as the fears of a comeback in the United States inflation have joined the US-China tensions.

 

The US Dollar Index (DXY) has rallied firmly to approximately 103.70 as the geopolitical tensions-inspired volatility has driven investors to hide behind safe-haven assets. The mood on the market has been dimmed by the US ambassador to China's warnings if Beijing chose to provide lethal military aid to Russia for its invasion of Ukraine. Additionally, three rockets from North Korea on Japan’s Exclusive Economic Zone (EEZ) have poured fuel to the fire.

 

S&P500 futures have extended their losses as the resurgence of inflation fears in the United States has raised warning flags for the upcoming economic recovery. The Federal Reserve (Fed) might continue rising interest rates after a comeback in the prices of goods and services at the factory gates and a revival in consumer spending, expressed by positive Retail Sales statistics. Monday will be a holiday in the United States, so the financial markets will be closed.

 

Thursday's Gross Domestic Product (GDP) report will be closely scrutinized by investors for more advice. It is anticipated that the preliminary annualized GDP for the fourth quarter would remain unchanged at 2.9%.