[Global Economy and Currency Markets]
- U.S. inflation dropped to 3.2% in October, leading to a rise in the Dow Jones Index.
- Japan's GDP contracted in the third quarter, affected by inflation.
- Asian stock markets rose due to the slowdown in U.S. inflation and Chinese stimulus measures.
- Asian currencies strengthened and the dollar declined amid renewed expectations of the Federal Reserve pausing interest rate hikes.
- Gold prices rose, and copper prices soared on positive sentiment from China.
[Companies and Stock Markets]
- Warren Buffett's Berkshire Hathaway adjusts its stock portfolio.
- Airbnb attempts its first acquisition of an AI startup for less than $200 million.
- Rolex watch prices fall to a two-year low.
- The Treasury Department says banks will accommodate mortgage repayment issues.
- The Urban Renewal Authority applies to build 1,750 residential units in the center of Kwun Tong, with a height of 360 meters, challenging the tallest building in Hong Kong.
[International Finance]
- China and the U.S. release a statement on strengthening cooperation to address the climate crisis.
- Huawei announces its new product, AITO M9, will debut at the Guangzhou Auto Show.
- Buffett's Q3 moves show complete sell-off of Blizzard and General Motors shares.
- Nvidia's stock price may be targeted by the real-life inspiration behind "The Big Short."
- Microsoft's annual event to focus entirely on AI, bringing a "secret weapon."
- Robin Li says Sino-US cooperation on climate issues boosts industry demand expectations, leading to a surge in photovoltaic stocks in Hong Kong.
