The latest earnings reports from America&#8217;s top tech companies reveal that Silicon Valley is going all-in on artificial intelligence, sometimes in spite of users&#8217; concerns.
Financials from <a href="https://investor.atmeta.com/investor-events/">Meta</a>, <a href="https://www.microsoft.com/en-us/investor/earnings/fy-2026-q1/press-release-webcast">Microsoft</a>, and <a href="https://s206.q4cdn.com/479360582/files/doc_financials/2025/q3/2025q3-alphabet-earnings-release.pdf">Google</a> released Wednesday show that all three companies beat experts&#8217; earnings and revenue expectations. On earnings calls, all three companies pointed to increased AI investment, and increased spending in general. Google parent company Alphabet raised spending by about 7% for the year, Microsoft discussed spending above their original goal of 42% this year, and Meta discussed aggressive and substantial investment, but did not provide a specific number. 
“Across Facebook, Instagram, and Threads, our AI recommendation systems are delivering higher quality and more relevant content, which led to 5% more time spent on Facebook in Q3 and 10% on Threads,&#8221; Meta CEO Mark Zuckerberg said. &#8220;Video is a particular bright spot, with video time spent on Instagram up more than 30% since last year.&#8221;
This week also brought good news for the AI sector across the board. Federal Reserve Chairman Jerome Powell on Wednesday told investors that he doesn’t see a bubble in the AI space, noting that artificial intelligence companies “have real earnings and business models,” rather than just &#8220;ideas.&#8221; As if to underscore that point, Nvidia, a major player in the AI space, became the world’s largest company in terms of market capitalization, reaching <a href="https://companiesmarketcap.com/nvidia/marketcap/">$5 trillion</a> in value.
This is good news for Big Tech. But is it good for America?
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="https://get.dailywire.com/subscribe/plus/" target="_blank" rel="noopener">DailyWire.com/Subscribe</a> to join now.
Beneath the AI hype and rosy growth numbers, Meta’s latest <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/aa3d2e89-2568-4c4c-b3cc-6df47166435e.pdf">financial filing</a> reveals something darker: the company is facing tens of thousands of lawsuits alleging its apps are addictive and harmful.
“Beginning in January 2022, we became subject to litigation and other proceedings alleging that Facebook and Instagram cause &#8216;social media addiction&#8217; in users.”
The company noted the lawsuits are ongoing and that a “favorable outcome” for the company cannot be assured. 
“Substantially all of our revenue comes from advertising,” Meta reported to investors, noting that prominent revenue streams depend on users staying on Instagram and Facebook.
 “Advertising revenue could be adversely affected by decreases in user engagement, including time spent on our products.”
With AI investment accelerating across big tech, the coming quarters will show whether the technology continues to drive growth, as well as how companies like Meta, Microsoft, and Google balance innovation, profitability, and potential public scrutiny.
Meta did not immediately respond to a request for comment.

US-TECHNOLOGY-INTERNET-CHILD-EXPLOITATION

It’s Report Card Day for Meta, Microsoft, And Google. Is The AI Bubble Real?

Artificial Intelligence

Big Tech

Economy

Google

Microsoft

U.S.

President Donald Trump said he discussed numerous issues with Chinese communist leader Xi Jinping on Thursday, including a potential trade deal and the war between Russia and Ukraine.
Trump and Xi spoke for about an hour and 40 minutes in South Korea, the last leg of Trump&#8217;s weeklong trip to Asia. During the summit, Trump was joined by multiple top White House officials, including Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick.
“Overall, I guess on the scale of from zero to 10, with 10 being the best, I would say the meeting was a 12,” Trump said.
The president said that he and Xi have &#8220;come to conclusions on very many important points,&#8221; adding that a trade deal could be signed &#8220;pretty soon.&#8221;
<blockquote class="twitter-tweet" data-media-max-width="560">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> on his meeting with President Xi: &#8220;I thought it was an amazing meeting&#8230; a lot of decisions were made, too — there wasn&#8217;t too much left out there, and we&#8217;ve come to conclusion on many very important points.&#8221; <a href="https://t.co/cr81Yojr24">pic.twitter.com/cr81Yojr24</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1983911291866538068?ref_src=twsrc%5Etfw">October 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Here are the key points that Trump and Xi discussed:
<h3>Rare Earth Minerals</h3>
Trump secured an important win for the United States and the rest of the world on rare earth minerals, with Xi agreeing to pause export controls for one year. Trump said China&#8217;s pause could be “very routinely extended as time goes by.”
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="https://get.dailywire.com/subscribe/plus/" target="_blank" rel="noopener">DailyWire.com/Subscribe</a> to join now.
&#8220;Now, every year we’ll renegotiate the deal, but I think the deal will go on for a long time, long beyond the year,&#8221; he said. &#8220;But all of the rare earth has been settled, and that’s for the world.”
&#8220;That roadblock is gone now,&#8221; Trump added. &#8220;There&#8217;s no roadblock at all on rare earth. That will hopefully disappear from our vocabulary for a little while.&#8221;
<h3>Tariffs and Fentanyl</h3>
Trump said that tariffs on China will be slashed from 57% to 47% after Xi promised that his country would take more action to prevent fentanyl from being trafficked into the United States.
&#8220;On fentanyl, we agreed that he was going to work very hard to stop the flow,&#8221; Trump told reporters as he flew back to the United States on Air Force One. &#8220;It&#8217;s a very complex subject because it&#8217;s used for lots of different reasons, including anesthetics and things, but he&#8217;s going to work very hard on it.&#8221;
Trump added that he is hopeful that China will take &#8220;some real action.&#8221; After Xi promised to address the issue, Trump said that his 20% tariff on China that was imposed in response to fentanyl trafficking will be reduced to 10%, dropping the overall tariff rate on the communist country to 47%, &#8220;effective immediately.&#8221;
<h3>Trump Trip to China</h3>
President Trump said he will travel to China in April for continuing talks, while Xi will visit the United States &#8220;some time after that.&#8221; Trump said he expects a trade deal with China to happen &#8220;pretty soon.&#8221;
&#8220;The whole relationship is very important, and I think [the meeting] was very good,&#8221; Trump added.
<h3>Oil and Gas</h3>
While no deal was reached on China purchasing oil and gas from Alaska during the summit, Trump said he&#8217;s optimistic that an agreement will be signed in the future. The president added that Energy Secretary Chris Wright and Interior Secretary Doug Burgum will meet with Chinese officials to continue oil and gas negotiations.
<h3>Computer Chips</h3>
Xi promised to discuss the potential purchase of computer chips from U.S. tech companies, such as Nvidia, according to Trump.
&#8220;I said that&#8217;s really between you and Nvidia, but we&#8217;re sort of the arbitrator or the referee,&#8221; Trump said, adding that it would be &#8220;good for us&#8221; if China bought more chips from the United States.
<h3>Ukraine-Russia War</h3>
The ongoing war between Ukraine and Russia &#8220;came up&#8221; during Trump&#8217;s meeting with Xi, and the two leaders &#8220;talked about it for a long time,&#8221; according to Trump. Xi has been friendly with Russian President Vladimir Putin, and China has been accused of sending military equipment to Russia during the war.
&#8220;We&#8217;re both going to work together to see if we can get something done,&#8221; Trump said. &#8220;We agree that the sides are locked in fighting, and sometimes you have to let them fight, I guess. But he&#8217;s going to help us, and we&#8217;re going to work together on Ukraine.&#8221;
China also buys large amounts of oil from Russia, but Trump said that topic didn&#8217;t come up during the meeting.
<blockquote class="twitter-tweet" data-media-max-width="560">
&#8220;Ukraine came up very strongly. We talked about it for a long time, and we&#8217;re both going to work together to see if we can get something done,&#8221; says <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> on his meeting with President Xi.
&#8220;We&#8217;re going to work together on Ukraine.&#8221; <a href="https://t.co/ygzOKy9Gvn">pic.twitter.com/ygzOKy9Gvn</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1983915198147612876?ref_src=twsrc%5Etfw">October 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h3>Taiwan &#8216;Not Discussed&#8217;</h3>
Trump also said that Taiwan &#8220;never came up&#8221; during the meeting. Xi has long had his sights set on Taiwan, a vital island nation that currently manufactures around 90% of the world&#8217;s most advanced semiconductors.
&#8220;It was not discussed, actually,&#8221; he said.
<h3>Farm Products</h3>
Xi promised that China would purchase American soybeans, sorghum, and other farm products. Treasury Secretary Scott Bessent added during an interview with Fox Business that China would buy 12 million metric tons of American soybeans before the end of the year and 25 million metric tons over the next three years.
Listen to Trump&#8217;s remarks below:
<iframe loading="lazy" title="President Trump Gaggles with Press on Air Force One, Oct. 30, 2025" width="500" height="281" src="https://www.youtube.com/embed/KjqKGq3-C9Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

Donald Trump/Xi Jinping

Trump Calls Xi Summit A ’12’ Out Of 10 – Here’s What Went Down

China

Donald Trump

Politics

rare earth minerals

Tariffs

trade

Xi Jinping

General Motors is set to lay off more than 2,000 workers in Michigan, Ohio, and Tennessee, the company announced on Wednesday, citing &#8220;slower&#8221; EV sales.
GM&#8217;s Detroit-area electric vehicle plant was hit the hardest, with roughly 1,200 employees being informed that they were no longer needed, The Detroit News <a href="https://www.detroitnews.com/story/business/autos/general-motors/2025/10/29/gm-cutting-hundreds-of-jobs-at-detroit-tennessee-ohio-ev-sites/86962834007/">reported</a>. The all-electric Factory Zero Detroit-Hamtramck Assembly Center will shut down completely from November 24 until January 5, after which it will operate on a single shift. Around 2,000 employees will stay employed at the plant, and cuts will be based on seniority.
Another 550 employees will be cut at GM&#8217;s Ultium Cells battery plant near Youngstown, Ohio, with 850 more workers expected to be laid off temporarily. At another GM Ultium Cells battery plant in Spring Hill, Tennessee, 700 workers will be temporarily laid off as well, according to The Detroit News.
&#8220;In response to slower near-term EV adoption and an evolving regulatory environment, General Motors is realigning EV capacity,&#8221; the Michigan-based automaker said. &#8220;Despite these changes, GM remains committed to our U.S. manufacturing footprint, and we believe our investments and dedication to flexible operations will make GM more resilient and capable of leading through change. Impacted employees may be eligible for SUB pay and benefits in accordance with the National GM-UAW Agreement.&#8221;
Last week, GM said it would lay off around 200 salaried employees at its global tech campus in metro Detroit as part of a restructuring effort for its &#8220;design engineering teams,&#8221; CNBC reported.
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="https://get.dailywire.com/subscribe/plus/" target="_blank" rel="noopener">DailyWire.com/Subscribe</a> to join now.
After President Donald Trump eliminated the Biden administration&#8217;s $7,500 EV tax credit and cut back on regulations for gas-powered vehicles, GM said that it would lose around $1.6 billion related to changes the company would have to make to its EV rollout, NBC News <a href="https://www.nbcnews.com/business/autos/electric-vehicle-ev-slowdown-rcna237652">reported</a>.
“Following recent U.S. government policy changes, including the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations, we expect the adoption rate of EVs to slow,” GM said last month.
During the third quarter of this year, the automaker reported huge sales of EVs, doubling the numbers reported in the same quarter last year. The Q3 bump in EV sales, however, came before the tax credit was terminated on September 30, as part of Trump&#8217;s &#8220;Big Beautiful Bill.&#8221;
The elimination of the EV tax credit and regulatory changes have also affected major EV companies, such as Tesla and Rivian, and other auto giants that have focused on producing more electric vehicles. Tesla sales dropped this year, and GM and Ford have <a href="https://finance.yahoo.com/news/ford-ceo-jim-farley-predicts-033138695.html">pumped the brakes</a> on EV production. Due to the Trump administration&#8217;s recent actions, Ford CEO Jim Farley predicted that &#8220;EV adoption will now only be about 5% of the U.S. market.&#8221;

GM’s EV Struggles Trigger Mass Layoffs In Three States

Auto Companies

Auto workers

electric vehicles

Michigan

Ohio

Tennessee

President Donald Trump said Wednesday that he had “pretty much” finalized the details of a trade deal with South Korea that is expected to bring hundreds of billions of dollars in investments into the United States. 
Trump’s announcement came after he arrived in South Korea to attend the Asia-Pacific Economic Cooperation (APEC) summit. The regional economic forum will be the last stop on Trump&#8217;s trade-focused Asia tour before he returns to the United States. 
“We had a tremendous meeting today with South Korea,” Trump said. “Pretty much finalized a trade deal, and we discussed some other things having to do with national security, etc. And I think we came to a conclusion on a lot of very important items.”
<blockquote class="twitter-tweet">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &#8220;We had a tremendous meeting today with South Korea — with lots determined&#8230; We pretty much finalized a trade deal and we discussed some other things having to do with national security.&#8221; <a href="https://t.co/I3KWsgAhFf">pic.twitter.com/I3KWsgAhFf</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1983492447146533227?ref_src=twsrc%5Etfw">October 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Under the terms of the agreement, South Korea is <a href="https://www.cnbc.com/2025/10/29/trump-announces-trade-breakthrough-with-south-korea-on-asia-trip.html" target="_blank" rel="noopener">expected</a> to invest a total of $350 billion in the United States, including $200 billion in cash and $150 million in shipbuilding. Tariffs on cars will also be slashed from 25% to 15%, according to South Korean officials. 
Upon his arrival in South Korea, Trump was given a series of elaborate gifts by officials, including a replica golden crown and a laurel leaf medal. 
Later, during a dinner with officials, Trump spoke about the rocky relationship between North and South Korea. 
&#8220;I won&#8217;t forget the trip and we&#8217;ll be working together and you have a little bit of a cloud over your country, and we&#8217;re going to get that cloud solved. You have a neighbor that hasn&#8217;t been as nice as they could be, and I think they will be. I know Kim Jong Un very well, and I think things will work out very well.&#8221;
Trump said he was open to meeting Kim during the trip, but the North Korean dictator has so far declined to engage.
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="https://get.dailywire.com/subscribe/plus/" target="_blank" rel="noopener">DailyWire.com/Subscribe</a> to join now.
Trump’s meeting with South Korea comes ahead of a much-anticipated Thursday meeting with Chinese President Xi Jinping. 
“We&#8217;ve been talking a lot over the last month, and I think we&#8217;re going to have something that&#8217;s going to be very, very satisfactory to China and to us. I think we&#8217;re going to have… I think it&#8217;s going to be a very good meeting. I look forward to it tomorrow morning,” Trump said. 
Trump echoed those remarks on Truth Social, saying his Asia trip would bring back trillions of dollars to the United States and that his meeting with Xi would be “great” for both nations. 
Earlier this month, Trump threatened to cancel his planned meeting with Xi after he accused China of taking “very hostile” actions on trade.

SKOREA-POLITICS-APEC

Trump’s Asia Tour Delivers: South Korea Deal ‘Pretty Much Finalized,’ China Talks Next

Executive

North Korea

South Korea

When Treasury Secretary Scott Bessent engineered a unique deal with Argentina’s Javier Milei, Guy Nohra started paying attention to Bessent’s moves. 
Nohra, a venture capitalist with over three decades of experience, knows a solid operator when he sees one.
In the Trump administration, Nohra says that guy is Scott Bessent. — The Daily Wire
* * *
After more than three decades investing in life sciences, co-founding Alta Partners and backing more than 180 breakthrough companies, I’ve learned a simple truth: innovation thrives when financial stability meets vision. Under Treasury Secretary Scott Bessent, America is delivering both.
This week’s $20 billion swap line with Argentina, paired with the U.S. purchase of Argentine pesos to stabilize markets, showed a different face of American leadership — one built on partnership rather than pressure. At home, Bessent’s confirmation that fiscal year 2025 closed with a lower deficit-to-GDP ratio than the year before signaled a welcome return to fiscal discipline. For investors like me, that message matters.
In biotech, one of the few if not the only sectors where pre-revenue companies go public in bull markets, a steady and clear hand at the Department of Treasury is a must. Secretary Bessent’s quiet confidence is a welcome change from Janet Yellen’s “inflation is transitory” approach. The life sciences public sector has been in a funk since 2021 and is finally showing signs of recovery.
Furthermore, venture funding in private life sciences companies has climbed roughly 25% year over year, according to PitchBook. That is not coincidence; it is cause and effect. Bessent’s push for clarity and transparency in financial markets helps all sectors, but especially fragile ecosystems such as biotechnology.
Bessent also understands how fiscal health drives innovation. In recent remarks to community-bank CEOs, he urged them to “go on the offense” by adopting fintech and AI. That was not banker talk; it was a blueprint for growth. By modernizing lending rules and keeping borrowing costs low, he has opened new paths for regional lenders to support early-stage biotechs and rural innovation hubs.
Some critics claim his attention to global markets, such as the Argentina initiative, distracts from domestic priorities. They miss the larger point. In life sciences, borders are illusions. A stable global economy ensures supply-chain reliability, research collaboration, and steady talent flow. Bessent’s diplomacy prevents the kind of market shocks that raise costs and choke investment at home.
What sets him apart is a blend of intellectual rigor and street-smart optimism, refined through years in global markets and at the helm of his own firm, Key Square Capital. He is not a bureaucrat trading in slogans but a market-tested operator who knows how to turn downturns into momentum. In his speech at the Federal Reserve’s Community Bank Conference, he described a future where small lenders and big ideas combine to help America out-innovate China in quantum computing, biologics, and sustainable manufacturing. For those of us funding the next generation of cures, that vision is a North Star.
As we approach a decade that could redefine human health — CRISPR 2.0, personalized medicine at scale, regenerative medicine — Scott Bessent’s steady leadership is providing the runway. His policies may not make flashy headlines, but they are quietly powering America’s next economic renaissance.
To my fellow investors, entrepreneurs, and policymakers: let’s double down on this moment. His 3% average GDP growth, 3% annual budget deficits (as a percentage of GDP), and three million barrel increase in domestic oil production are aggressive but achievable goals.
Let’s support the initiatives Bessent is advancing, from expanded R&amp;D incentives to bold public-private partnerships in health technology. The future of life sciences, and of American competitiveness, depends on it.
* * *
Guy Paul Nohra is Co-Founder of Alta Partners and Co-Founder of Alta Life Sciences Spain. He is a venture capitalist, philanthropist, and former GOP gubernatorial candidate for Nevada. He holds a BA from Stanford University and an MBA from Booth School of Business, University of Chicago.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="https://get.dailywire.com/subscribe/plus/">DailyWire.com/Subscribe</a> to join now.

White House To Ratchet Up Russia Sanctions, Bessent Says

The Steady Hand Guiding America’s Economic Renaissance

Argentina

Capitalism

Javier Milei

Money

Scott Bessent

Treasury Department

President Donald Trump ended “all trade negotiations” with Canada on Thursday after Ontario’s government recently launched a $75 million anti-tariff ad campaign targeting Americans and featuring former President Ronald Reagan.
The ad campaign aired in the United States during a playoff baseball game between the Toronto Blue Jays and Seattle Mariners. Game 1 of the World Series takes place Friday night, featuring the Blue Jays and the Los Angeles Dodgers.
It is set to air on major networks across the United States and was developed by Ontario Premier Doug Ford and his provincial administration. Trump responded to the campaign by accusing Canada of trying to interfere with American politics and abruptly ending trade talks. 
“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump wrote on Truth Social. “The ad was for $75,000,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Trump’s post followed a statement from the Ronald Reagan Presidential Foundation and Institute saying that it was pursuing potential legal options over Ontario’s use of the audio. 
“The ad misrepresents the Presidential Radio Address, and the Government of Ontario did not seek or receive permission to use and edit the remarks,” the foundation said. “We encourage you to watch President Reagan’s unedited video on our YouTube channel.” 
The audio used for the ad came from an April 25, 1987, radio address Reagan gave on free and fair trade. The foundation posted a <a href="https://www.youtube.com/watch?v=5t5QK03KXPc&amp;t=181s">link</a> to the full speech on its YouTube channel. Ford’s <a href="https://x.com/fordnation/status/1978779503213052337">ad</a> pulls audio from the speech. 
<blockquote class="twitter-tweet">
It’s official: Ontario’s new advertising campaign in the U.S. has launched.
Using every tool we have, we’ll never stop making the case against American tariffs on Canada. The way to prosperity is by working together.
Watch our new ad. <a href="https://t.co/SgIVC1cqMJ">pic.twitter.com/SgIVC1cqMJ</a>
— Doug Ford (@fordnation) <a href="https://twitter.com/fordnation/status/1978779503213052337?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;When someone says let&#8217;s impose tariffs on foreign imports, it looks like they&#8217;re doing the patriotic thing by protecting American products and jobs,&#8221; Reagan said in the ad. “High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens. Markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.”
Join us now during our exclusive Deal of the Decade. Get everything for $7 a month. Not as fans. As fighters. Go to <a href="http://dailywire.com/Subscribe" target="_blank" rel="noopener">DailyWire.com/Subscribe</a> to join now.
A Ford spokesman <a href="https://www.cbc.ca/news/world/trump-trade-negotiations-tariffs-ontario-ad-9.6951469" target="_blank" rel="noopener">said</a> the audio was pulled from the public domain.  
&#8220;Reagan knew and spoke directly to Americans that tariffs hurt the U.S. economy, workers and families. He was a strong supporter of free and fair trade between Canada and America,&#8221; the spokesman said. 
The Supreme Court is set to hear arguments on Trump’s tariffs on November 5. Trump on Friday again praised his tariffs, saying that they were making the country prosperous. 
“THE UNITED STATES IS WEALTHY, POWERFUL, AND NATIONALLY SECURE AGAIN, ALL BECAUSE OF TARIFFS! THE MOST IMPORTANT CASE EVER IS IN THE UNITED STATES SUPREME COURT,” he wrote on Truth Social.
On Friday, Ford said Ontario would pause its ad campaign effective Monday &#8220;so that trade talks can resume.&#8221;
&#8220;I&#8217;ve directed my team to keep putting our message in front of Americans over the weekend so that we can air our commercial during the first two World Series games,&#8221; he said.

US-POLITICS-TRUMP

Trump Pulls Plug On Canada Trade Talks Over ‘Fake’ Ad Featuring Ronald Reagan

Canada

Free Trade

Ontario

Ronald Reagan

Stellantis, one of the “Big Three” American automakers, announced on Tuesday that it is changing course on plans to manufacture a Jeep model in Ontario, Canada, as the company focuses on expanding production in the United States.
Stellantis previously planned to produce its Jeep Compass at the Brampton Assembly Plant in Ontario, but its new focus on U.S. investment will move production to the United States, as the company plans to reopen a plant in Belvidere, Illinois, CBC <a href="https://www.cbc.ca/news/canada/windsor/stellantis-jeep-compass-canada-9.6938834">reported</a>. The Michigan-based company aims to “invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint.”
“The investment is the largest in the company’s 100-year U.S. history and will support the introduction of five new vehicles across the brand portfolio in key segments; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan, and Indiana,” Stellantis <a href="https://www.stellantis.com/en/news/press-releases/2025/october/stellantis-to-invest-13-billion-to-grow-in-the-united-states">said</a>.
The move comes as President Donald Trump’s tariffs continue to punish American automakers that manufacture vehicles and parts abroad to sell in the American market. Canadian leaders voiced their frustration with Stellantis’ decision, with Canadian Prime Minister Mark Carney <a href="https://x.com/MarkJCarney/status/1978278995637551208">saying</a> the move is a “direct consequence of current U.S. tariffs and potential future U.S. trade actions.”
Trump met with Carney at the White House last week, and the two leaders discussed trade and tariff policies. After his visit, Carney’s office touted his nation’s trade relationship with the United States, <a href="https://www.pm.gc.ca/en/news/news-releases/2025/10/08/prime-minister-carney-concludes-visit-washington-dc">saying</a>, “Canada currently has the best trade agreement of any U.S. trading partner, with 85% of Canada-U.S. trade now tariff-free, and our cooperation is further improving border security.”
The Brampton, Ontario, plant has been shut down since 2024 to focus on repurposing the factory to manufacture the next-generation electrified Jeep Compass. After Trump imposed his auto tariffs, the company paused its retooling effort at the Brampton plant.
Unifor, the trade union that represents many Canadian auto workers, argued that auto jobs in Canada “are being sacrificed on the Trump altar.”
“Stellantis cannot be allowed to renege on its commitments to Canadian workers, and governments cannot stand by while our jobs are shifted to the United States,” said Unifor National President Lana Payne.
<a class="c-link c-link--focus-visible" href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener noreferrer" data-stringify-link="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" data-sk="tooltip_parent">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout!</a> 
Ontario Premier Doug Ford, who has strongly criticized President Trump over the tariffs, said in a Wednesday morning X <a href="https://x.com/fordnation/status/1978416009871605906">post</a> that he talked to Stellantis “to stress my disappointment with their decision to prioritize investment into the U.S.” He added, “This decision is especially painful for those workers who have been out of jobs for months.”
Earlier this year, as part of Trump’s wide-ranging trade policy, the Trump administration <a href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-adjusts-imports-of-automobiles-and-automobile-parts-into-the-united-states/">imposed</a> a 25% tariff “on imports of automobiles and certain automobile parts,” arguing that the move was necessary to address “a critical threat to U.S. national security.” Multiple American and foreign automakers responded to the tariff policy by announcing plans to increase production in the United States.
In May, General Motors <a href="https://www.dailywire.com/news/general-motors-to-cut-back-on-manufacturing-at-canada-plant-over-trump-tariff">said</a> it would cut back production at a truck plant in Oshawa, Ontario, due to Trump’s tariffs taking effect. GM said a month earlier that it planned to ramp up production of light-duty trucks at its assembly plant in Fort Wayne, Indiana.

Trump/Carney/Stellantis

Auto Giant Ends Canadian Jeep Production, Brings Jobs Back To America

Business

Jeep

Mark Carney

President Donald Trump unveiled a deal with U.K.-based drugmaker AstraZeneca on Friday under which the company will sell some medicines at a discount to the government&#8217;s Medicaid health plan in exchange for tariff relief, similar to a drug pricing pact reached last week with Pfizer.
The deals set a framework the White House will use to try to reach its goal of lowering U.S. prescription medicine prices. The president sent letters to 17 leading drugmakers in July telling them to slash prices. Pfizer and Astra are the first two companies to reach a deal with the administration.
AstraZeneca will also offer some of its drugs at up to 80% off their list price through the TrumpRx website planned for next year, CEO Pascal Soriot said at an event in the Oval Office.
He said the company will receive a three-year tariff exemption &#8220;to localize the remainder of our products.&#8221;
U.S. patients currently pay by far the most for prescription medicines, often nearly three times more than in other developed nations, and Trump has been pressuring drugmakers to lower their prices to what patients pay elsewhere or face stiff tariffs.
Last month, Trump threatened 100% tariffs, ratcheting up pressure on the pharmaceutical industry to agree to price cuts and shift manufacturing to the U.S., after negotiations broke down earlier this year, lobbyists and executives told Reuters following the Pfizer deal.
More than 70 million people are covered by Medicaid, the state and federal government program for low-income people. Drug spending in that program is dwarfed by that of Medicare, which covers people aged 65 and older or those with disabilities and is not included in Friday&#8217;s announcement.
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout</a>
Medicare&#8217;s drug spending reached $216 billion in 2021, while Medicaid&#8217;s gross spending was around $80 billion.
The Medicaid program already receives the lowest drug prices in the U.S., so the additional savings may be modest, said Craig Garthwaite, a professor at Northwestern University&#8217;s Kellogg School of Management.
&#8220;If you look at AstraZeneca&#8217;s portfolio, I don&#8217;t think there are a bunch of drugs that exist where that&#8217;s going to involve them giving a very big discount to Medicaid,&#8221; Garthwaite said.
AstraZeneca&#8217;s Pfizer‑like deal may spare it tariffs, but will not move the needle on U.S. rising health insurance premiums and out‑of‑pocket drug costs, said Rena Conti, an associate professor at Boston University.
&#8220;It&#8217;s good for the companies, and has very uncertain if any benefit for Americans struggling with the affordability of prescription drugs,&#8221; Conti said.
Soriot has worked to keep his company close to Washington while pursuing its growth strategy.
AstraZeneca in July announced it will invest $50 billion in U.S. manufacturing and research and development by 2030. It will build its biggest site worldwide in Virginia, and expand facilities in five other U.S. states.
In September, the company announced it will sell its diabetes and asthma drugs direct to cash-paying U.S. patients at a discount of up to 70% off list prices, another move in response to Trump&#8217;s pressure campaign.
Soriot this year has played up the company&#8217;s U.S. credentials. He described the Anglo-Swedish firm as a &#8220;very American company,&#8221; highlighting its identity shift toward its largest market. AstraZeneca will list its shares in the United States as well as its current markets in the UK and Europe.
(Reporting by Steve Holland in Washington and Michael Erman in New Jersey; Additional reporting by Jarrett Renshaw and Ahmed Aboulenein in Washington, Maggie Fick in London, Patrick Wingrove in New York and Mariam E Sunny in Bengaluru; Editing by Caroline Humer and Bill Berkrot)

Trump Announces U.S. Drug Pricing Deal With AstraZeneca

Health

Health Care

Pfizer

Prescription Drugs

U.K.

White House

Forty percent of American voters believe AI will make achieving the American Dream even harder to reach. That is more than double the 16% of voters who see AI as helpful. And this isn’t abstract technophobia. This is a window into the profound anxiety many feel about economic security in an era when the traditional pathways to prosperity already seem increasingly out of reach.
A recent Rainey Center <a href="https://www.raineycenter.org/news/new-poll-voters-overwhelmingly-support-domestic-energy-independence-and-data-security">national poll of 2,011</a> likely voters reveals a pervasive pessimism about artificial intelligence (AI), along with deeper concerns about a rigged system. 
When asked about the future, 39% of respondents said AI makes them more pessimistic, compared to 20% who said it makes them more optimistic.
Remarkably, this fear is bipartisan.
Democrats, Republicans, and Independents all worry that technological disruption will compound rather than solve the challenges facing American families.
Yet, there’s reason for hope. One in five Americans sees AI’s potential to improve their economic prospects, and nearly a quarter believe it will make no difference to achieving the American Dream. These voters recognize what policymakers must internalize: AI could dramatically increase productivity, create new industries, improve healthcare outcomes, and free workers from dangerous or repetitive tasks.
The technology itself, however, isn’t the enemy. The question is whether we’ll ensure its benefits are broadly shared rather than narrowly concentrated. History shows that technological revolutions can lift entire societies when paired with smart policy. The challenge is making that happen deliberately rather than hoping it occurs by accident.
This AI anxiety doesn’t exist in a vacuum. It sits atop a foundation of economic stress and fading opportunity, particularly for younger generations. While 77% of the Silent Generation and 51% of Baby Boomers feel their lives are or were better than their parents’, only 31% of Millennials and 35% of Gen Z share this optimism. When we asked directly whether the American Dream has become more or less attainable over the past decade, an overwhelming 64% said less attainable, with one-third calling it “much less attainable.”
<div id="attachment_984319" style="width: 586px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-984319" class="size-large wp-image-984319" src="https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-576x576.jpg" alt="Credit: Joseph Rainey Center for Public Policy" width="576" height="576" srcset="https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-576x576.jpg 576w, https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-300x300.jpg 300w, https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-150x150.jpg 150w, https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-768x768.jpg 768w, https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-1536x1536.jpg 1536w, https://dw-wp-production.imgix.net/2025/10/MixCollage-10-Oct-2025-11-46-AM-3234-2048x2048.jpg 2048w" sizes=" (max-width: 576px) 100vw, 576px" />Credit: Joseph Rainey Center for Public Policy</div>
The fear isn’t that AI will create a different future — voters fear that AI will accelerate trends already making life harder. Young Americans today face a housing market disconnected from wage growth, with 21% of Gen Z citing housing as a top national challenge compared to just 6% of Boomers. They’re burdened by education debt that earlier generations never faced. And now they’re being told that automation and AI may disrupt the very jobs they’re counting on to build their economic security.
The American Dream itself remains remarkably consistent: financial stability and homeownership top the list across all demographics. But the gap between aspiration and reality has never been wider. Only 22% of voters believe they’ve achieved the American Dream, while 36% feel it’s completely out of reach. Among Millennials, 40% believe the dream is unattainable for them.
This crisis of faith in American opportunity has political consequences. While voters give Republicans a slight edge over Democrats (39% to 33%) on supporting the American Dream, a striking 28% believe neither party is aligned with this goal. When nearly one in three Americans see no champion for their economic aspirations, we face a dangerous void in our politics.
The economy (34%) and inflation (29%) dominate voter concerns, bread-and-butter issues that AI anxiety amplifies rather than replaces. People aren’t worried about robot overlords; they’re worried about paying the mortgage, affording healthcare, and whether their children will have opportunities they did not.
Technology has always disrupted labor markets, but past disruptions occurred when basic economic mobility still functioned for most Americans. Today, AI arrives at a moment when millions already doubt that the system works for them. That timing matters enormously.
We need policies that will address both immediate economic pressures and longer-term technological change. Housing affordability, education access, and ensuring that economic growth translates into broadly shared prosperity aren’t separate from the AI question. They’re the foundation that determines whether technological change lifts us up or leaves us behind.
The American Dream isn’t dead, but it’s under siege from multiple directions. The question is whether we’ll recognize the urgency before another generation loses faith entirely.​​​​​​​​​​​​​​​​
* * *
Sarah E. Hunt is President of the Joseph Rainey Center for Public Policy, a think tank and leadership community based in Washington, D.C.
Amelia Powers Gardner is a Utah County Commissioner and National Chair of the Leadership Alliance for a More Perfect Union (LAMP), a national program cultivating the next generation of conservative leaders.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.
<h3><a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout!</a></h3>

Cinematic Shot of a Father Holding His Small Daughter of His Shoulders, Helping Her to Raise the United States of America Flag to Celebrate a National Fourth of July Holiday at Their House.

New Poll: Voters Fear AI Will Make The American Dream Even Harder To Reach

Gen X

Gen Z

Housing

Millennials

Poll

Student Loans

President Donald Trump said he spoke to left-wing Brazilian President Luiz Inácio Lula da Silva over the phone on Monday, adding that the two leaders agreed to meet &#8220;in the not too distant future.&#8221;
The conversation with Lula focused on the economy and trade, according to the president. In July, Trump imposed a 40% tariff on Brazil, due in part to the country&#8217;s targeting of former President Jair Bolsonaro and its crackdown on speech on social media platforms. The 40% tariff came on top of a 10% baseline tariff that was already in place.
&#8220;This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between our two Countries. We will be having further discussions, and will get together in the not too distant future, both in Brazil and the United States. I enjoyed the call — Our Countries will do very well together!&#8221; the president <a href="https://truthsocial.com/@realDonaldTrump/posts/115328193599837767">wrote</a> in a post on Truth Social.
During the 30-minute call, Lula asked Trump to remove the 40% tariff on Brazilian goods, Reuters <a href="https://www.reuters.com/world/americas/brazils-lula-trump-hold-video-call-says-source-2025-10-06/">reported</a>. Brazil <a href="https://tradingeconomics.com/brazil/exports/united-states">exported</a> around $40 billion worth of goods to the United States in 2024, with crude petroleum being the top product. The South American country is hoping to negotiate with Trump to bring the tariff rate down, and Brazilian officials said the phone call was &#8220;positive&#8221; and &#8220;better than expected.&#8221;
The conversation between Trump and Lula was held one month after Lula raged against the Trump administration&#8217;s trade policies, arguing, &#8220;Tariff blackmail is being normalized as a tool for conquering markets and interfering in domestic issues.&#8221;
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout</a>
Lula added that BRICS nations — Brazil, Russia, India, China, and South Africa — have become &#8220;victims of unjustified and illegal trade practices.&#8221; Trump has recently used tariffs to put increased pressure on Brazil and India. For India, Trump wants the country to stop purchasing oil and military equipment from Russia as he seeks to bring an end to Russia&#8217;s war against Ukraine. For Brazil, the president wants the country&#8217;s leftist politicians and judges to end their attacks on elections and free speech.
In July, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114825119138468153">blasted</a> Brazil&#8217;s &#8220;insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans.&#8221; The Trump administration also sanctioned Brazilian Supreme Federal Court Justice Alexandre de Moraes, <a href="https://www.dailywire.com/news/extraordinary-threat-trump-unleashes-on-brazil-with-massive-tariff-sanctions-on-extremist-judge">arguing</a> that Brazil poses an “unusual and extraordinary threat” to U.S. national security. Moraes has been accused of suppressing political dissent and approving politically motivated police raids and bank account freezes.
After the contentious 2022 election, Moraes led the trial against Bolsonaro, who was accused of plotting to overthrow the government. Trump has defended Bolsonaro and called the trial a &#8220;WITCH HUNT.&#8221; Moraes also voted in favor of upholding a nationwide ban on Elon Musk’s social media platform, X, and holding social media companies liable for users&#8217; posts.

Donald Trump/Lula da Silva

Trump To Meet With Left-Wing President After Blasting Country’s ‘Insidious Attacks’ On Free Speech

Brazil

The Trump administration is freezing $2.1 billion in funding for Chicago infrastructure projects over accusations of “race-based contracting” as the government shutdown continues. 
Office of Management and Budget Director Russ Vought announced the move Friday morning, saying that the freeze would impact construction to modernize the city’s public transit system. It comes just two days after the Department of Transportation <a href="https://www.dailywire.com/news/trump-freezes-18-billion-for-nyc-infrastructure-over-unconstitutional-dei-principles?author=Zach+Jewell&amp;category=News&amp;elementPosition=2&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Freezes+%2418+Billion+For+NYC+Infrastructure+Over+%E2%80%98Unconstitutional+DEI+Principles%E2%80%99">froze</a> $18 billion for New York City infrastructure projects over “unconstitutional” diversity, equity, and inclusion “principles.”
“$2.1 billion in Chicago infrastructure projects — specifically the Red Line Extension and the Red and Purple Modernization Project — have been put on hold to ensure funding is not flowing via race-based contracting,” Vought wrote on X. 
Shortly after Vought’s announcement, the Department of Transportation <a href="https://www.transportation.gov/briefing-room/us-department-transportation-statement-review-chicagos-discriminatory">confirmed</a> the freeze and suggested that Senate Minority Leader Chuck Schumer (D-NY) and House Minority Leader Hakeem Jeffries (D-NY) were to blame for leading the Democrats’ resistance to a temporary government funding bill. 
The department said that it was “committed to conducting these reviews as fast as possible so reimbursements can move forward. Unfortunately, Chuck Schumer and Hakeem Jeffries’ decision to shut down the government has negatively affected the Department’s staffing resources for carrying out this important analysis.”
“We urge Democrats in Congress to stop holding the federal government’s budget hostage so USDOT can get back to the important work of the American people,” the department added. 
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout</a>
It sent letters on Friday to the Chicago Transit Authority, stating that it had initiated an administrative review of two ongoing projects to modernize the city’s rail system, and added that it was concerned about preferential treatment in construction contracting based on race. 
“Together, these critical reviews are intended to ensure no additional federal dollars go towards discriminatory, illegal, and wasteful contracting practices,” the department said. “The American people don’t care what race or gender construction workers, pipefitters, or electricians are. They just want these massive projects finally built quickly and efficiently.”
President Donald Trump <a href="https://www.dailywire.com/news/trump-meeting-set-to-axe-democrat-agencies?author=Leif+Le+Mahieu&amp;category=News&amp;elementPosition=4&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump%3A+Meeting+Set+To+Axe+‘Democrat+Agencies’">has urged</a> Republicans to take advantage of the shutdown to cut “Democrat Agencies” and eliminate wasteful spending. 
“I can’t believe the Radical Left Democrats gave me this unprecedented opportunity. They are not stupid people, so maybe this is their way of wanting to, quietly and quickly, MAKE AMERICA GREAT AGAIN!” Trump posted on Truth Social on Thursday. 
The White House has tasked Vought with reviewing the federal bureaucracy amid the shutdown and identifying areas for spending cuts.

MixCollage-03-Oct-2025-10-22-AM-1097

Blue City Blues: Another Democrat-Run Stronghold Gets Infrastructure Funding Frozen

Blue City Blues: Another Democrat-Run Stronghold Gets Infrastructure Funding Frozen Amid Shutdown

Chicago

Chuck Schumer

Department of Transportation

Diversity Equity and Inclusion (DEI)

Government Shutdown

Hakeem Jeffries

Illinois

Office of Management and Budget (OMB)

Russ Vought

NEW YORK/LONDON (Reuters) -Global stocks gained and gold traded near record highs on Thursday as investors took in their stride the potential ramifications of a U.S. government shutdown, while a weak private U.S. labor market report bolstered bets for Federal Reserve rate cuts.
Investors have been largely sanguine about the shutdown&#8217;s impact on the markets and economy, helped by data of past shutdowns that showed limited fallouts. Morgan Stanley, for example, said U.S. share prices have risen an average 4.4% while real U.S. economic growth has expanded 2.2% during shutdowns in the past.
Instead, investors are focused on how much the Federal Reserve might lower interest rates this year, and whether the roaring U.S. stock market is due for a short-term pullback in the near future.
Nicholas Colas and Jessica Rabe, co-founders of DataTrek Research, said sector sub-indices for the S&amp;P 500 index are showing a marked correlation with downside risks.
&#8220;Every other time they have done so since 2023, the S&amp;P has declined by 5-18% in the following weeks,&#8221; Colas and Rabe said. &#8220;This is not an outright &#8216;sell&#8217; signal, but history says to be selective here.&#8221;
<a class="c-link c-link--focus-visible" href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener noreferrer" data-stringify-link="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" data-sk="tooltip_parent">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout!</a> 
The S&amp;P 500, which has risen 14% so far this year, was flat after briefly touching a record high of 6,731.94 points. The Nasdaq Composite gained 0.3% after also hitting an all-time high of 22,900.60 points, while the Dow Jones Industrial Average was also little changed.
A protracted U.S. government shutdown could mean that the release of key official data on employment and inflation is delayed or disrupted, clouding the picture on the health of the world&#8217;s biggest economy and the path for interest rates.
A monthly payrolls report seems unlikely now to be released on Friday, putting an ADP employment report that showed the economy unexpectedly shed jobs in September into sharper focus. Traders are now pricing in two quarter-point Fed rate cuts by the end of the year as almost a done deal.
&#8220;I hope they sort this out rapidly,&#8221; said Kevin Thozet, investment committee member at asset manager Carmignac, referring to the government shutdown, adding that inflation data was also due ahead of the Fed&#8217;s next meeting. &#8220;It&#8217;s like a blind man walking with a blind dog,&#8221; he said.
SHUTDOWN ANGST HURTS DOLLAR, BOOSTS GOLD
The MSCI&#8217;s broadest index of global stocks was up about 0.1% on Thursday, after European stocks hit another record high, up about 0.5%.
Tech shares in Asia had earlier rallied, helping drive up the region&#8217;s stock indexes, partly lifted by news that South Korean chip heavyweights Samsung and SK Hynix inked partnerships to supply OpenAI data centres.
Gold , which have been buoyed by a combination of Fed easing bets and some shutdown angst, took a breather and slipped 0.5% after reaching another all-time high of $3,895.09 overnight.
The two-year Treasury yield sank to a two-week low of 3.531% overnight, and was last at 3.5449%.
&#8220;As is often the case, fresh highs are likely to beget yet more fresh highs here, with momentum still firmly with the bulls, and the fundamental case for further upside in PMs (precious metals) a solid one too,&#8221; said Michael Brown, senior research strategist at Pepperstone.
The U.S. dollar index, which tracks the currency against six major peers, languished near a one-week low of 97.459 reached overnight. It last stood at 97.864, up 0.1% from Wednesday&#8217;s closing level.
The dollar was little changed against the yen at 147.165 yen, after Bank of Japan Deputy Governor Shinichi Uchida signalled confidence that conditions for another interest rate hike were falling into place in remarks at an industry event.
The euro dipped 0.1% to $1.1717, while sterling fell 0.3% at $1.3441.
Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns about oversupply in the market. [O/R]
Brent crude futures fell 1.8% to $64.18 a barrel, and U.S. West Texas Intermediate crude also dipped 1.9% to $60.6 a barrel.
(Reporting by Iain Withers in London and Kevin Buckland in TokyoEditing by Deepa Babington and Nick Zieminski)

German share price index DAX graph is pictured at the stock exchange in Frankfurt

Markets Hit Record Highs, Ignoring D.C.’s Shutdown Drama

Menu