UK housing support plan raises risks for builders and first-time buyers

• London shares rebounded recently as the FTSE 100 index rose due to falling oil prices and easing bond yields. • The index continues to face its largest weekly drop since April despite the recent recovery.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.