Factbox-Top cases on the US Supreme Court’s docket By Reuters
- The US Supreme Court will hear a case regarding Apple's attempt to avoid being held in contempt of court in its antitrust battle with Epic Games.
- The legal challenge follows a judicial order that required Apple to make sweeping changes to the rules governing its App Store.
- The outcome will determine if Apple must change how it manages its software marketplace or face penalties for violating court orders.
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The Loneliest Man in American Politics Has an Army - POLITICO
• The California elections committee voted to kill a bill proposed by Republican politician DeMaio after a brief debate. • Democrats currently hold the governor's office, legislative supermajorities, and control of the state's largest cities.
Read original · politico.comKhosla Ventures comments intensify scrutiny of cross-bets in AI coding startups
• Khosla Ventures is facing public criticism for investing in two competing AI coding startups, Factory AI and Cognition. • Cognition reached a $48 billion valuation after raising over $2 billion in September, while Factory AI hit a $5 billion valuation last month.
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Traders UnionFederal Reserve taps GSA to lead headquarters renovation as cost controls tighten
• The Federal Reserve appointed the General Services Administration to manage the renovation of its Washington headquarters to improve oversight. • Project costs for the renovation have increased from $1.3 billion to $2.4 billion due to contracting and management weaknesses.
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Traders UnionTRON targets Nasdaq and Cboe milestones, Justin Sun notes
• Justin Sun announced that TRON is targeting specific milestones at Nasdaq and Cboe on July 24, 2025, and September 29, 2026. • Sun reported that the TRON network has surpassed $30 trillion in total transfer volume.
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TradersUnion£300 million investment in UK manufacturing boosts Rolls-Royce stock toward GBX1,515 resistance
• Rolls-Royce announced a £300 million investment in its UK manufacturing facilities. • The company's stock rose 1.41% to trade at GBX1,492 following the news.
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Traders UnionCentalion shifts headquarters to Singapore after Gunvor rebrand
• Centalion, formerly known as Gunvor, moved its legal headquarters from Cyprus to Singapore as part of a strategic corporate rebranding. • The group is leaving Cyprus after operating there for 20 years to establish its new corporate base in the Asian city-state.
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Traders UnionKorea Launches New Investigation, Prosecution Agencies as Ruling Party Vows No Policing Gap - Seoul Economic Daily
• Samsung Electronics unveiled its next-generation HBM4 memory on Monday to strengthen its position in the AI accelerator market. • The new HBM4 memory is designed to enhance the performance of high-bandwidth memory used in artificial intelligence hardware.
Read original · en.sedaily.com
Seoul Economic DailyShare capital and voting rights update: Can Unilever stock hold support?
• Unilever shares fell 2.53% to GBX4,487 today amid selling pressure and a new update regarding share capital transparency. • The company released updated information on voting rights and regulatory free-float, which refers to the portion of shares available for public trading, to comply with UK Financial Conduct Authority rules.
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Traders UnionJoseph Politano: U.S. factory construction drops to lowest level since 2022
• U.S. factory construction declined to its lowest level since 2022, according to reporting by Joseph Politano. • Construction spending dropped 33% from 2024 highs and fell 20% over the past year.
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TradersUnionCanada to send Fortier to OAS meeting on Nicaragua in Washington
• Canada is sending Mona Fortier to an Organization of American States (OAS) meeting of foreign ministers in Washington to address Nicaragua's rising authoritarianism. • The discussions focus on recent constitutional reforms that Canada claims shut out political opposition and weaken democratic institutions.
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Traders UnionTesla stock targets $367.50 as buyers defend key support
• Tesla stock rebounded above $350 on October 2 as buyers defended key support levels. • Market analysts have set a new price target of $367.50 for the stock.
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