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Bank of America (BAC.N) shares fell 5.7% intraday, marking the biggest drop since April 2025.House Minority Leader Jeffreys: If Democrats win the House election, they will prioritize artificial intelligence regulation.On September 15th, Alphabets (GOOG.O) Waymo announced the launch of its paid robotaxi service in Las Vegas, becoming the 15th U.S. city to offer its ride-hailing service. The company stated that the service will begin on Monday and will be rolled out in phases, initially deploying dozens of vehicles and planning to expand to hundreds in the future. Waymo indicated that the Las Vegas robotaxi will not initially have highway access; airport transfers and highway services will be added in later phases. The fleet is managed by Moove, which also operates Waymos vehicles in Phoenix and Miami. Currently, Waymo has over 4,000 driverless taxis in the U.S., providing over 500,000 paid rides per week. The company previously stated its goal of reaching 20 cities globally and 1 million paid rides per week this year, and is preparing for testing in markets such as London and Tokyo.Sources say Northrop Grumman, a defense contractor, has partnered with the U.S. Air Force to assemble the first complete Sentinel intercontinental ballistic missile.On September 15th, according to a Senate aide and a lobbyist familiar with the negotiations, US Senate negotiators are discussing an artificial intelligence regulatory bill that could require AI companies to prove they have taken reasonable precautions to prevent their tools from causing harm. Senators are reportedly discussing whether to grant the US Secretary of Commerce the power to require AI developers to demonstrate they have taken reasonable steps to prevent harm, the so-called "duty of care." They indicated the Secretary of Commerce might also be granted the power to send government inspectors to test companies products. It is currently unclear what measures will be considered "reasonable." The bill is still under discussion, and even if Congress passes it, its eventual enactment as law remains highly uncertain.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.


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