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On November 15th, Andhra Pradesh Chief Minister Naidu stated that Google (GOOG.O) plans to build a data center in the state with an initial investment of $15 billion, with additional investment expected after five years. Naidu stated that the cost-effectiveness of data center power consumption is significant, and Andhra Pradesh has the potential to become a global data center hub. Speaking about Googles plans, Naidu said, "Investing $15 billion over five years is a win-win situation." He added that Andhra Pradesh has committed to helping companies like Reliance Industries build a data center with a total capacity of 5.5 gigawatts. He indicated that this will be done in conjunction with plans to increase green energy production. Naidu said, "The cost-effectiveness of data flow is higher than the power consumption. This is the key to changing the situation. Now everyone is coming to Andhra Pradesh." Google announced last month that it will build a data center in Visakhapatnam connected to renewable energy and fiber optic networks. Indian billionaire Gautam Adani stated that his company, AdaniConneX, will collaborate with Google and Bharti Airtel, Indias second-largest wireless operator, on this project.On November 15th, Leapmotor announced that its cumulative sales for 2025 have exceeded 500,000 units. Leapmotor CEO Zhu Jiangming posted on his WeChat Moments: "We have achieved our 2025 sales target of 500,000 vehicles 45 days ahead of schedule. Leapmotor will aim for 1 million vehicles in sales next year."November 15th - Stephen Innes, Managing Partner of SPI Asset Management, stated that with the US government reopening, a backlog of important data will be released, including employment and inflation indicators, which the market expects to be weak. Weaker US data could depress US Treasury yields, reigniting market expectations for an interest rate cut in early 2026 and providing room for a rebound in gold prices, which have been squeezed by rising real yields. The recent pullback in gold prices appears more like position adjustments than a trend reversal. The outlook for gold remains positive, and investors will closely watch US real yields, a weaker dollar, and upcoming data. If the data points to a cooling US economy, gold could rebound next week.November 15th - According to the Financial Times, Apple (AAPL.O) is accelerating its succession planning, preparing for Tim Cook to potentially step down as CEO as early as next year. Multiple sources familiar with internal discussions revealed that Apples board and senior management have recently expedited preparations to welcome Cooks departure. John Ternus, Apples senior vice president of hardware engineering, is widely considered Cooks most likely successor, but a final decision has not yet been made. Sources close to Apple indicate that this long-awaited transition is not due to the companys current performance, as Apples iPhone sales season at the end of this year is expected to be very strong. If a successor is announced early next year, the new leadership team will have time to establish themselves before Apples key annual events, including the Worldwide Developers Conference (WWDC) in June and the iPhone launch event in September.According to the Financial Times, Apple (AAPL.O) is preparing for Tim Cook to step down as CEO as early as next year, with John Ternus, the companys senior vice president of hardware engineering, widely considered the most likely successor.

S&P 500 Price Forecast – Stock Markets Pulled Back After Strong Jobs Demand

Florala Chen

Nov 02, 2022 16:51

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Technical Analysis of the S&P 500

The S&P 500 E-mini contract initially rose during Tuesday's trading session to display symptoms of FOMO once again. Having said that, the market later handed up the gains when the number of job openings in the United States turned out to be 1 million more than expected. This demonstrates how difficult it will be to begin loosening monetary policy, and Wall Street had a little wake-up call during the day. It seems that we are prepared to go lower at this time, maybe endangering the 50-Day EMA. Additionally, we must bear in mind that Wednesday's Federal Reserve pronouncement will have a significant impact on what occurs next.


We are likely to drop much farther if we break down below the 3800 level. On the other side, if we turn around and break above the day's high for Tuesday, then makes a goal of 4,000 possible. Remember that Wall Street had been expecting the Federal Reserve to potentially tone down its hawkish tone, so if they do sound as aggressive as I anticipate, it's probable that we will have a little decline.


Even if there has been a great rebound over the last several weeks, we are still most definitely in a downturn. Although there has been speculation over the last two weeks that the Federal Reserve would let the Canadians and Australians tell them what to do, the economic situation does not seem to be good, and, to be very blunt, nothing has changed.

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