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October 1, 2025 Economy by ORANEC

US Government Shutdown Officially Starts After Political Stalemate — What Does It Mean For Crypto?

The US government shutdown for the first time in six years at midnight on Wednesday, after Congress failed to pass a funding bill.The stalemate leaves agencies without money as the new fiscal year begins and threatens wide disruption, from air travel to public parks.About 800,000 workers, nearly 40% of the federal workforce, are expected to go without pay.The closure began at midnight on Oct. 1 after lawmakers failed to agree on a short-term measure to extend funding into fiscal 2026.It is the first shutdown since 2018, although this one comes with greater strain, as political talk of deeper c…

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September 30, 2025 Economy by ORANEC

Gold Continues Hitting Record Highs—These Are The Key Price Levels to Monitor

Gold hit another record high Tuesday morning as investors turn to the traditional safe haven amid a weakening in the U.S. dollar and concerns over a potential government shutdown.After breaking out from a four-month consolidation period in early September, the price of gold has continued to trend strongly higher in recent weeks.Bars pattern analysis forecasts a potential bullish target of around $4,365. Investors should also watch key support levels on gold's chart around $3,450, $3,120 and $2,790.Gold ( XAUUSD ) remains in focus after setting a fresh record high Tuesday, as the precious metal…

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September 30, 2025 Economy by ORANEC

Can PNC Financial Capitalize on the Fed's Recent Rate Cut?

The PNC Financial Services Group, Inc. ’s PNC net interest income (NII) is influenced by the Federal Reserve’s interest rate trajectory. This month, at the end of a two-day FOMC meeting, the central bank kicked off an easing cycle and lowered interest rates by 25 basis points (bps) to 4.00-4.25%, marking the end of a nine-month pause. The Fed officials hinted at two more rate cuts this year, which will bring rates down to 3.50-3.75% by December.When the Fed trimmed interest rates by 100 bps last year, it supported PNC’s NII expansion. The metric rose 7.1% year over year in the first half of 20…

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September 30, 2025 Economy by ORANEC

AutoZone Q4 Earnings Miss Expectations, Sales Increase Y/Y

AutoZone Inc. AZO reported earnings of $48.71 per share for the fourth quarter of fiscal 2025 (ended Aug. 30, 2025), which missed the Zacks Consensus Estimate of $50.52. The company had reported earnings of $48.11 per share in the corresponding quarter of fiscal 2024. Net sales grew 0.6% year over year to $6.24 billion and topped the Zacks Consensus Estimate of $6.22 billion.AutoZone, Inc. price-consensus-eps-surprise-chart | AutoZone, Inc. QuoteIn the reported quarter, domestic commercial sales totaled $1.76 billion, up from $1.66 billion recorded in the year-ago period. Domestic same-store s…

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September 30, 2025 Economy by ORANEC

NRC accelerates Oklo reactor review as Wall Street turns cautious

Investing.com -- Shares of advanced nuclear company Oklo Inc (NYSE:OKLO) fell 3.4% Tuesday despite regulatory tailwinds that could smooth its path to deployment. The decline occurred amid a downgrade at BofA Securities, which moved the stock from Buy to Neutral, citing concerns about valuation and adoption timing for small modular reactors (SMRs).The U.S. Nuclear Regulatory Commission (NRC) announced it has accepted Oklo’s Principal Design Criteria (PDC) topical report for formal review under an accelerated timeline. The regulator has also proposed a faster evaluation schedule, which marks a d…

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September 30, 2025 Economy by ORANEC

Suzuki reports downturn in global automobile production and sales

Suzuki Motor Corporation has experienced a downturn in its global production figures for August 2025, with a total of 241,749 units produced.It marked a decrease to 94.8% of the level in the same period last year.The contraction represents the seventh consecutive month of year-on-year (YoY) decline, bringing the cumulative production for January to August 2025 to nearly 2.19 million units at 98.2% of the previous year's output.In its home market of Japan, Suzuki saw production decrease to 71,121 units, which was down to 98.8% of the production in the same month of the previous year, continuing…

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