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U.S. Stock Market News Express

Bitget2024/10/09 13:27

Individual Stock News
1. NVIDIA's (NVDA.O) CEO Jensen Huang stated that the future of artificial intelligence will be services capable of "reasoning", but to reach this stage, computational costs need to be reduced. Huang added that NVIDIA will increase chip performance by two to three times each year with the same energy and cost, laying the foundation for these advancements.

2. Honda Motor Co., Ltd. (HMC.N) announced on Wednesday that it would recall 1,693,199 vehicles in the United States due to some models having steering difficulties which may increase accident risks.

3. Disney (DIS.N) has raised ticket prices by about 6% during its most popular days at its two theme parks in Southern California, effective immediately. In addition, Disneyland Resort also increased the price of its "Magic Key" annual pass; currently, the cheapest "Imagine Key" has risen by $100 to $599.

4. According to an analysis from The Congressional Budget Office (CBO) regarding a policy authorizing coverage for weight loss drugs in 2026: if medical insurance coverage for weight loss drugs is approved from 2026-2034, federal spending will increase by approximately $35 billion.

5. A spokesperson for Citigroup Inc.(C.N) said on Tuesday that lawyers have urged U.S District Judge Paul Oetken to dismiss a lawsuit filed in January by New York State Attorney General Letitia James accusing Citibank of failing to compensate customers who were victims of online fraud.

6.Taiwan Semiconductor Manufacturing Company Limited(TSM.N), reported third-quarter sales revenue was NT$7597 billion ($23 billion), up 39%, higher than analysts' average expectation of NT$7480 billion.

7.According insiders,Chevron(CVX.N) is negotiating with Tokyo Gas over selling its natural gas assets in East Texas at a price as high as $1billion .

8. Boeing (BA.N) and IAM negotiated with federal mediators on Monday and Tuesday over a plan to raise wages by 30% and increase retirement benefits, but the talks broke down, with both Boeing and IAM blaming each other for the deadlock.(Jin10 Data APP)

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