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The Trump administration is preparing to announce a $10-15 billion bailout for U.S. farmers impacted by trade disputes and large harvests. However, the ongoing government shutdown complicates the rollout, as Congressional approval for such a large payout is currently impossible. Existing government reserves are also insufficient to cover the proposed aid.
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News and Media
Tesla's shares rose over 5% following a teaser for an October 7 event, anticipated to unveil a more affordable vehicle to combat declining sales. Analysts expect this new model, potentially a stripped-down Model Y, to address falling annual deliveries and unlock new demand, despite previous delays and cost-cutting uncertainties.
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News and Media
Gold prices surged to an all-time peak on Tuesday, driven by U.S. economic and political uncertainties and anticipated Federal Reserve interest rate cuts. Despite some Fed officials signaling caution on further reductions, markets are pricing in more cuts. This environment, coupled with strong central bank buying and investor demand for hedges, propelled gold's significant year-to-date gains.
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News and Media
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