What’s Going On with Rivian Automotive Stock?

Economic

Summary:

Discover the latest developments with Rivian Automotive (RIVN) stock as we explore its production challenges, financial performance, strategic partnerships, and market competition. Get insights into what the future might hold for this electric vehicle manufacturer.

Rivian Automotive, Inc. (NASDAQ: RIVN), the electric vehicle (EV) manufacturer known for its all-electric R1T pickup truck and R1S SUV, has had a tumultuous journey since its IPO in late 2021. As investors and analysts look to assess the company's current position and future potential, a number of factors are shaping the narrative surrounding Rivian’s stock. Here’s an in-depth analysis of what's going on with Rivian Automotive stock and what investors should consider.

Recent Stock Performance

After debuting with much fanfare, Rivian's stock saw significant volatility in 2022, reflecting the broader challenges faced by the EV market. Following its peak at around $179 shortly after its IPO, Rivian's stock price has since experienced dramatic fluctuations, dropping to approximately $10 by late 2023. This decline is primarily due to supply chain issues, rising raw material costs, and fierce competition in the EV space, leading to concerns about Rivian's ability to meet production targets and financial sustainability .

Production Challenges and Financial ResultsRivian has faced numerous production challenges that have affected its ability to ramp up manufacturing. In its latest earnings report, Rivian announced a production target of 50,000 vehicles for 2024, which is a significant increase from the 24,337 vehicles produced in 2022 . However, the company has struggled with supply chain disruptions that have hindered its production capabilities.

Investors have been wary of Rivian's cash burn rate and ability to scale production while maintaining quality and meeting demand.

The financial results from the last quarter showed that Rivian has not yet reached profitability. The company's revenue for Q2 2023 was reported at $1.7 billion, slightly below analysts' expectations, while its net loss expanded to $1.1 billion, raising concerns over its financial health . This ongoing financial strain has led to discussions about potential capital raises, which could further dilute existing shareholders.

Strategic Partnerships and Expansion Plans

In a bid to stabilize its operations, Rivian has forged partnerships with several companies, including Amazon, which has ordered 100,000 electric delivery vans as part of its commitment to sustainability. This partnership not only provides Rivian with a substantial order backlog but also positions the company within the commercial vehicle market, which is increasingly important for its growth strategy .

Moreover, Rivian has been expanding its charging infrastructure, enhancing its network of Rivian Waypoints and fast chargers to support its growing customer base. This expansion is critical as the company looks to attract new customers and improve the overall ownership experience.

Market Competition and Consumer Sentiment

The competition in the electric vehicle sector is intensifying, with established automakers like Ford, Tesla, and new entrants continually launching EV models. Ford's electric F-150 Lightning, in particular, poses a direct challenge to Rivian’s R1T. This competitive landscape means Rivian must differentiate its vehicles not just in terms of features and pricing, but also in branding and customer loyalty.

Consumer sentiment around Rivian has been mixed. While there is significant excitement around its innovative technology and adventure-focused branding, concerns about the company’s ability to deliver on its promises have affected potential buyers' confidence. Recent customer feedback has highlighted both the vehicle's strengths and its shortcomings, impacting brand perception.

Conclusion

Rivian Automotive stock has experienced a turbulent ride since its IPO, reflecting broader trends in the electric vehicle market and internal challenges. With significant production targets ahead and strategic partnerships in place, Rivian has the potential for recovery if it can effectively navigate its challenges. However, investors should remain vigilant, as the competitive landscape and economic conditions continue to evolve.

For more detailed insights and updates, keep an eye on Rivian's announcements and market analysis as the situation unfolds.

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Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Glendon

Economic

As the 2024 U.S. presidential election nears, the cryptocurrency community is buzzing over what a potential Donald Trump victory could mean for the future of digital assets, particularly Bitcoin. Senator Cynthia Lummis (R-Wyo.) made headlines with her bold prediction that Trump’s return to the White House would be a "total game changer" for the crypto industry.

Pro-Bitcoin Policies Under Trump

Lummis expressed confidence that, if elected, Trump would push for the establishment of a Bitcoin strategic reserve, a move she believes could enhance the strength of the U.S. dollar while addressing the nation's staggering $35 trillion debt. In her view, Trump would advocate for Bitcoin-friendly regulators at key financial institutions like the SEC, CFTC, and OCC, fostering innovation and creating a more crypto-friendly ecosystem.

Lummis, a known proponent of Bitcoin, has proposed legislation for the U.S. to hold a strategic reserve of one million Bitcoin, which she estimates could be worth $17 trillion in 20 years. This proposal aligns with Trump’s reported shift toward a more favorable stance on digital currencies, with speculation that he may include it in his first address to Congress if elected.

Harris’s Contrasting Approach

On the other side of the political spectrum, Lummis warned that a victory for Kamala Harris could result in a more challenging environment for cryptocurrencies. Harris has not explicitly addressed cryptocurrency in her speeches or policy proposals, and Lummis suggests that her administration may take a more cautious and regulatory-heavy approach. While Harris's campaign has not been entirely dismissive of crypto, it has not shown the same enthusiasm as Trump’s for transforming the U.S. into a cryptocurrency hub.

Strategic Bitcoin Reserve: A Bold Proposal

Lummis’s proposed legislation for a U.S. Bitcoin reserve aims to leverage the digital asset’s growth potential to bolster the nation's economic stability. With the price of Bitcoin expected to surge in the coming years, this reserve could, in theory, help offset some of the national debt, providing a long-term financial strategy for the U.S. The legislation signals a potential bipartisan interest in using cryptocurrency as a hedge against traditional financial risks, although its success hinges on the political climate after the 2024 election.

Crypto Market Reaction and Analyst Predictions

While the Trump campaign has clearly aligned itself with the pro-crypto movement, emphasizing policies that could make the U.S. a global leader in Bitcoin mining, regulation, and investment, the Harris campaign has remained more cautious. Senate Majority Leader Chuck Schumer, though, has highlighted the need for "sensible" and "lasting" cryptocurrency regulation, signaling that crypto may not be ignored under a Harris administration, but would likely face stricter oversight.

Trump's Evolving Crypto Stance

Trump's shift from skepticism to active support for cryptocurrency marks a significant development in his political platform. Once dismissing Bitcoin as a "scam," he now sees it as a tool for economic reform and potentially even a way to tackle the national debt. His plan to establish a national Bitcoin stockpile is a marked departure from his earlier views, suggesting a newfound appreciation for the role digital assets could play in the global financial system.

A Crypto-Friendly Election Outcome?

Despite the political uncertainties, many in the cryptocurrency community view a Trump victory as a potential catalyst for further adoption and integration of digital currencies in the U.S. financial system. The market, which has struggled with regulatory challenges over the past three years, could see new life under a crypto-friendly administration. Analysts believe that favorable regulatory policies could reduce risk barriers for institutional investors, enabling digital assets to compete more effectively with traditional investments.

Polymarket odds currently give Trump a slight edge with a 52% chance of victory, compared to Harris’s 47%. However, national polling data remains mixed, and the outcome is far from certain.

Conclusion

As the race for the White House heats up, the cryptocurrency industry is watching closely. A Trump victory could lead to a dramatic shift in the regulatory landscape for Bitcoin and other digital assets, potentially pushing prices to new heights. On the other hand, a Harris presidency might mean a more cautious, regulation-focused approach that could create short-term volatility but ultimately lead to a more stable, long-term framework for cryptocurrency innovation. Either way, the future of crypto in the U.S. is tied closely to the outcome of the 2024 election, with significant implications for investors and policymakers alike.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Glendon

Economic

Day trading is a popular strategy among investors looking to profit from short-term market fluctuations. Unlike long-term investing, day trading involves making quick trades within a single day, aiming to capitalize on small price movements. However, not all stocks are suitable for day trading; successful day traders typically focus on stocks with high volatility, significant trading volume, and reliable price patterns. This article explores some of the best stocks to day trade in 2024, along with key strategies to consider.

What Makes a Stock Good for Day Trading?

Before diving into specific stock recommendations, let’s outline what makes a stock ideal for day trading:

High Volatility: Stocks that experience significant price swings throughout the day provide more opportunities for profit. Volatility is crucial as it allows day traders to buy low and sell high within short timeframes.

High Trading Volume: A high volume of shares traded means better liquidity, which is essential for entering and exiting trades quickly. This reduces the risk of slippage, where a trade executes at a different price than expected.

News Catalysts: Stocks that are in the news—whether due to earnings reports, product launches, or regulatory updates—often see increased trading activity. Such events can cause rapid price movements, presenting potential trading opportunities.

Technical Patterns: Successful day traders often rely on technical analysis to identify patterns that indicate where a stock's price might head. This includes support and resistance levels, moving averages, and chart patterns.

Top Stocks to Consider for Day Trading in 2024

1. Tesla (TSLA)

Tesla continues to be a favorite among day traders due to its high volatility and significant trading volume. The stock often reacts to news related to electric vehicle trends, production updates, and CEO Elon Musk's comments. Technical indicators frequently highlight short-term price movements, making it a prime candidate for day trading.

2. Amazon (AMZN)

As one of the largest e-commerce companies globally, Amazon's stock experiences substantial fluctuations based on consumer spending trends and quarterly earnings reports. The stock's liquidity and volatility allow day traders to capitalize on price changes, especially during peak shopping seasons or major announcements.

3. Apple (AAPL)

Apple is another heavyweight stock that attracts day traders. With a robust trading volume, the stock often responds to product launches, quarterly earnings, and broader market trends. Day traders can utilize various technical strategies to identify potential entry and exit points.

4. NVIDIA (NVDA)

The semiconductor giant has gained significant attention due to the rise of artificial intelligence and gaming. NVIDIA’s stock has shown considerable volatility, particularly around earnings announcements and industry developments, making it an attractive option for day traders.

5. Advanced Micro Devices (AMD)

Similar to NVIDIA, AMD operates in the semiconductor industry and has become a popular stock for day traders. Its price movements are often tied to news about product releases and competition within the tech sector, providing numerous trading opportunities.

6. Palantir Technologies (PLTR)

Palantir's stock has attracted considerable interest due to its involvement in big data and government contracts. The stock's volatility and responsiveness to earnings reports and contract announcements make it suitable for day trading.

7. Meta Platforms (META)

Meta, formerly known as Facebook, remains a highly traded stock due to its influence in the social media space and ongoing developments in virtual reality and AI. The stock's volatility and trading volume provide opportunities for day traders, especially around earnings releases.

Strategies for Successful Day Trading

While selecting the right stocks is crucial, having a solid day trading strategy can significantly enhance your chances of success. Here are some effective strategies to consider:

Scalping: This strategy involves making small profits from numerous trades throughout the day. Scalpers aim to exploit minor price changes and require quick decision-making.

Momentum Trading: This approach focuses on stocks that are moving significantly in one direction on high volume. Day traders using this strategy look for stocks experiencing a surge in price due to news or trends and ride the momentum.

Range Trading: Range traders identify specific price levels where a stock tends to bounce between support and resistance. By entering trades when the stock approaches these levels, traders can capitalize on price reversals.

News Trading: Monitoring news releases can provide opportunities for significant price movements. Traders must act quickly to capitalize on the volatility that follows major announcements.

Conclusion

Day trading can be a rewarding venture for those willing to navigate its complexities. Selecting the right stocks—like Tesla, Amazon, and NVIDIA—while employing effective trading strategies can help maximize potential gains. However, it’s essential to remain disciplined and stay informed about market trends and developments to mitigate risks. As always, consider your financial goals and risk tolerance before diving into day trading.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Glendon

Economic

The gold market has experienced heightened volatility recently, as a combination of macroeconomic factors and geopolitical tensions shaped investor sentiment. Despite a brief uptick in demand due to safe-haven considerations, gold prices have remained largely bearish, struggling to break past the $2,500 resistance level. Several factors, including a stronger U.S. dollar, higher Treasury yields, and mixed economic data, have contributed to this dynamic. Below is an in-depth look at the current state of the gold market, supported by technical and economic analysis.

Gold Price Movements: Bearish Sentiment Prevails

Gold has faced a series of obstacles in recent trading sessions, remaining bearish as it failed to breach the critical $2,500 resistance level. As of the latest data, gold is trading near $2,486.75, unable to build momentum above key technical thresholds. Investors continue to weigh the impact of a stronger U.S. dollar and rising Treasury yields, both of which have limited gold's upside potential.

Geopolitical tensions, particularly in the Middle East, provided a short-term boost for gold's safe-haven appeal. However, this support was not enough to offset the broader pressure from higher bond yields and dollar strength. The bearish sentiment is further amplified by the inability of gold to break above the 50-day Exponential Moving Average (EMA) at $2,503.33, and the 200-day EMA at $2,493.61.

Technical Analysis: Key Levels to Watch

Technically, gold is trapped in a narrow trading range, hovering close to $2,486.75. Key resistance levels are situated just above at $2,500.11, while crucial support levels stand at $2,471.90, $2,451.91, and $2,432.19.

Gold is also forming a rectangle pattern, indicating indecision among traders. A breakout above the resistance at $2,500 could signal a bullish reversal, but continued failure to do so suggests further bearish momentum. Conversely, if gold falls below the $2,470-$2,471 support range, it could spark a more pronounced selloff, potentially pushing the price down to lower technical levels.

For traders focusing on the technicals, the rectangle pattern could be a critical indicator of market indecision. Keeping a close eye on key support and resistance levels is essential, as a break in either direction could offer a clearer signal for future price movements.

Economic Indicators Impacting Gold

Several economic indicators have recently shaped the gold market's outlook:

U.S. Nonfarm Payrolls: The latest Nonfarm Payrolls report showed an increase of 142,000 jobs in August, slightly exceeding expectations. However, concerns about the overall health of the economy remain, as wage inflation continues to rise, and the unemployment rate decreased to 4.2%.

Federal Reserve Rate Cuts: The mixed U.S. jobs data have led to a recalibration of expectations regarding the Federal Reserve’s monetary policy. The likelihood of a larger rate cut has decreased, with markets now pricing in a 70% chance of a 25-basis-point cut at the next meeting.

Treasury Yields: Higher Treasury yields have been a significant factor in limiting gold’s upside. As yields increase, the opportunity cost of holding non-yielding assets like gold becomes more apparent to investors, thereby reducing demand.

Geopolitical Tensions: Ongoing tensions in the Middle East continue to drive some safe-haven demand for gold. However, this has been tempered by the stronger economic indicators from the U.S. and the persistent strength of the U.S. dollar.

Gold Price Outlook: What Traders Should Watch

Looking ahead, gold prices are likely to remain volatile, with several factors contributing to short-term market movements. For traders and investors, closely monitoring U.S. economic data, including the upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) reports, will be critical. A lower-than-expected CPI could strengthen the case for a more aggressive interest rate cut by the Federal Reserve, which may boost gold prices.

In the event of a break above $2,500, gold could shift into a more bullish trend, though this would likely depend on a softer dollar and easing bond yields. On the other hand, continued failure to clear this level would reinforce bearish sentiment, with a possible retest of the lower support levels in the $2,470-$2,480 range.

Why the Focus on the U.S. Dollar and Treasury Yields Matters

For traders looking to anticipate the next move in gold, it’s essential to understand the relationship between the U.S. dollar, Treasury yields, and gold prices. Traditionally, gold and the U.S. dollar move inversely: a stronger dollar makes gold more expensive for foreign buyers, while a weaker dollar boosts demand. Similarly, higher Treasury yields increase the appeal of bonds over gold, as the latter does not provide any yield.

Given the current market conditions, traders should pay special attention to the interplay between these factors. Any softening in the U.S. dollar or a drop in Treasury yields could provide the impetus for gold to break above the $2,500 resistance level. Conversely, further strength in either of these areas could push gold toward the lower support levels, signaling a continued bearish outlook.

Conclusion: Volatility Ahead, Opportunities for Traders

The gold market is likely to remain in a state of flux, with key economic indicators and geopolitical events driving price action. While gold has found some support from geopolitical tensions, the stronger U.S. dollar and higher Treasury yields are likely to keep a lid on any significant upside.

Traders should stay attuned to economic releases, such as the upcoming U.S. inflation data, which could provide further clues about the Federal Reserve's rate decisions. Additionally, keeping a close watch on key technical levels, particularly the $2,500 resistance and the $2,470 support, will be crucial in identifying potential breakouts or breakdowns in the gold price.

For those trading gold, the current market presents both challenges and opportunities. A prudent approach would involve balancing the technical signals with macroeconomic factors, particularly the evolving outlook for U.S. interest rates and the strength of the dollar. Gold’s fate in the near term may very well hinge on these pivotal elements, offering traders a dynamic environment for positioning their trades.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Cohen

Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the government had never discussed the return of the goods and services tax (GST) as an alternative to subsidy cuts.

At a press conference here, Anwar, who is also the finance minister, said discussions are focused on budget strategies and ways to increase the government’s revenue, as it is determined to alleviate the issue of rising cost.

“Nothing specific [on the GST] has been discussed. A country cannot be governed based on rumours,” he quipped when responding to questions on a report by a foreign news agency recently.

Bloomberg recently reported that Malaysia is weighing the return of a broad-based consumption tax instead of implementing subsidy cuts for a commonly used gasoline, as the government seeks to bolster its finances, quoting “people familiar with the matter”.

Anwar was in Vladivostok to participate in the 9th Eastern Economic Forum. He was on a two-day working visit to the largest seaport city in Russia’s far east region on Wednesday and Thursday.

Source: Theedgemarkets

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Political

The US presidential election in November is critical for many reasons. At stake is not only the survival of American democracy, but also sound stewardship of the economy, with far-reaching implications for the rest of the world.

American voters face a choice not only between different policies, but between different policy objectives. While the vice-president, Kamala Harris, the Democratic nominee, has yet to detail her economic agenda fully, she probably would preserve the central tenets of Joe Biden’s programme, which include strong policies to maintain competition, preserve the environment (including reducing greenhouse gas emissions), reduce the cost of living, maintain growth, enhance national economic sovereignty and resilience and mitigate inequality.

By contrast, her opponent, the former president Donald Trump, has no interest in creating a more just, robustand sustainable economy. Instead, the Republican ticket is offering a blank cheque to coal and oil companies and cosying up to billionaires such as Elon Musk and Peter Thiel. It is a recipe for making the US economy weaker, less competitive and less equal.

Moreover, while sound economic stewardship requires setting goals and designing policies to achieve them, the ability to respond to shocks and seize new opportunities is no less important. We already have a sense of how each candidate would perform in this regard. Trump failed miserably in responding to the Covid-19 pandemic during his previous administration, resulting in more than a million deaths. At a time when the US was desperately in need of leadership, he suggested that people should inject bleach.

Responding to unprecedented events requires difficult judgment calls based on the best science. In Harris, the US has someone who would be thoughtful and pragmatic in weighing the trade-offs and devising balanced solutions. In Trump, we have an impulsive narcissist who thrives on chaos and rejects scientific expertise.

Consider his response to the challenge posed by China: a proposal to introduce blanket tariffs of 60% or more. As any serious economist could have told him, this would increase prices – not just for the goods imported directly from China, but also for the innumerable other goods containing Chinese inputs. Thus, lower- and middle-income Americans would bear the brunt of the cost. As inflation rises and the US Federal Reserve is forced to raise interest rates, the economy would be hit by the triple whammy of slowing growth, rising inflation and higher unemployment.

Making matters worse, Trump has adopted the extreme position of threatening the Fed’s independence (which is not surprising, considering his committed efforts to undermine the independence of the judiciary and the civil service). Another Trump presidency thus would introduce a persistent source of economic uncertainty, depressing investment and growth, and almost certainly increasing inflation expectations.

Trump’s proposed tax policies are equally fraught. Recall the 2017 tax cut for corporations and billionaires, which failed to stimulate additional investment and merely encouraged share buybacks. Although Republicans have never seen a tax cut for the rich that they didn’t love, a few at least recognised that the policy would increase budget deficits, and therefore added a sunset clause, which begins to take effect in 2025. But Trump, ignoring the evidence that “trickle-down” tax cuts don’t work and don’t pay for themselves, wants to renew and then deepen the 2017 cut in ways that would add trillions of dollars to the national debt.

Populist demagogues such as Trump do not care about deficits, but investors in the US and abroad should be worried

While populist demagogues such as Trump do not care about deficits, investors in the US and abroad should be worried. Ballooning deficits from non-productivity-enhancing spending would further add to inflation expectations, undercut economic performance and exacerbate inequality.

Equally, repealing the Biden administration’s signature Inflation Reduction Act would not only be bad for the environment and US competitiveness in critical sectors vital for the country’s future; it also would eliminate provisions that have lowered the cost of pharmaceuticals, thus increasing the cost of living.

Trump (and the business-oriented judges he appointed) also wants to roll back the Biden-Harris administration’s strong competition policies, which – again – would increase inequality and weaken economic performance by enshrining market power and stifling innovation. And he would scrap initiatives to increase access to higher education through better designed income-contingent student loans, ultimately diminishing investment in the sector that the US most needs to meet the challenges of a 21st-century innovative economy.

This brings us to the features of Trump’s agenda that are most troubling for long-term US economic success. First, another Trump administration would slash funding for basic science and technology, the source of US competitive advantage and rising living standards over the past 200 years. (It should go without saying that the country’s economic strength does not lie in casinos, golf courses, or gaudy hotels.)

During his previous term, Trump proposed huge cuts to science and technology almost every year, but non-extremist congressional Republicans blocked these budget reductions. This time, however, would be different, because the Republican party has become Trump’s personal cult. Worse, the party has declared a jihad against US universities, including leading institutions that advance the frontiers of knowledge, attract the best talent from around the world, and sustain the country’s competitive advantage.

Even worse, Trump is committed to undermining the rule of law, domestically and internationally. Trump’s long track record of refusing to pay vendors and contractors speaks to his character: he is a bully who will use whatever power he has to rob whoever he can. But it becomes an even bigger problem when he openly supports violent insurrectionists. The rule of law is not just something that we should treasure for itself: it is critical for a well-functioning economy and democracy.

Heading into the fall of 2024, it is impossible to know what shocks the economy will face in the next four years. But this much is clear: the economy of 2028 will be much stronger, more equal, and more resilient if Harris gets elected.

Source: TheGuardian

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Cohen

Economic

India and Singapore agreed to ramp up collaboration in semiconductors and digital technologies, seeking a bigger role in a global chip supply chain that is being reshaped by tensions between the US and China.

During a two-day visit by Indian Prime Minister Narendra Modi to the city-state, the countries signed agreements to cultivate talent in chip design and manufacturing, and facilitate Singaporean tech investment in India, according to a statement from the Indian government on Thursday. The nations will also work more closely together in cyber security, fifth-generation mobile networks, super-computing and artificial intelligence (AI).

Singapore, India and Malaysia are among Asian economies that have emerged as beneficiaries of the prolonged US-China chip war that has rattled the global chip market, which is on track to hit US$588 billion (RM2.55 trillion) in sales this year. Both China and western countries are racing to establish stand-alone supply chains to avoid geopolitical risks, creating business opportunities for the industry.

While India’s semiconductor industry is in its infancy, Singapore has played a significant role in the sector for decades. The city-state is home to some of the largest chip manufacturing plants in Southeast Asia, hosting international names from NXP Semiconductors NV to Micron Technology Inc. The island nation boasts a legion of chip research and engineering talent, as well as abundant venture capital for chip start-ups.

The tie-up also showcases Modi’s ambition to turn the world’s most populated country into a technology superpower, in which a strong semiconductor ecosystem is crucial. During his trip to Singapore, he met with Prime Minister Lawrence Wong and is expected to meet with other key officials in the city-state. The two nations also signed deals in the areas of health, medicine and skills development.

Closer ties with India in semiconductors would help Singaporean companies to tap into the rapidly growing market in South Asia, Singapore’s Minister for Foreign Affairs Vivian Balakrishnan told reporters last month. “They know that although Singapore is very small, we have a disproportionate share of global semiconductor manufacturing capability, and they are carefully studying our system in terms of its ecosystem,” he said.

Modi’s government has set up a US$21 billion plan to beef up semiconductor capabilities across the country, with a total of US$15 billion worth of investment in chipmaking plants announced earlier this year. Singapore’s expertise in memory chips and matured logic processors, which are widely used in electronic devices and automobiles, could help India grow its chip industry at a faster pace.

Source: Theedgemarkets

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What’s Going On with Rivian Automotive Stock?

Recent Stock Performance

Strategic Partnerships and Expansion Plans

Market Competition and Consumer Sentiment

Conclusion

Will Trump Make Bitcoin Boom

Pro-Bitcoin Policies Under Trump

Harris’s Contrasting Approach

Strategic Bitcoin Reserve: A Bold Proposal

Crypto Market Reaction and Analyst Predictions

Trump's Evolving Crypto Stance

A Crypto-Friendly Election Outcome?

Conclusion

Best Stocks to Day Trade in 2024: Top Picks and Strategies

What Makes a Stock Good for Day Trading?

Top Stocks to Consider for Day Trading in 2024

1. Tesla (TSLA)

2. Amazon (AMZN)

3. Apple (AAPL)

4. NVIDIA (NVDA)

5. Advanced Micro Devices (AMD)

6. Palantir Technologies (PLTR)

7. Meta Platforms (META)

Strategies for Successful Day Trading

Conclusion

Gold Prices Struggle Below $2,500: Is a Breakout Coming

Gold Price Movements: Bearish Sentiment Prevails

Technical Analysis: Key Levels to Watch

Economic Indicators Impacting Gold

Gold Price Outlook: What Traders Should Watch

Why the Focus on the U.S. Dollar and Treasury Yields Matters

Conclusion: Volatility Ahead, Opportunities for Traders

Govt Never Discussed Return Of GST— PM

Source: Theedgemarkets

Trump Would Make the US Economy Weaker, Less Competitive, and Less Equal: Joseph Stiglitz

Source: TheGuardian

India Inks Chip Deal With Singapore As Modi Pushes Tech Ambition

Source: Theedgemarkets

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