Apple Latest Event & its M3 Chips
“This event was shot on iPhone and edited on Mac.”
If you missed the Apple "Scary Fast" Event, here’s what you need to know:
M3 Chips: Apple introduced their latest chips - M3, M3 Pro and M3 Max, which are further down to only 3 nm as compared to 5 nm in M2. These chips will be used to power the new iMac and MacBook Pro models. According to them, the M3 chip will be rendering at 2.5 times the speed of its predecessor, the M1, and the CPU will be 30% faster.
MacB...
If you missed the Apple "Scary Fast" Event, here’s what you need to know:
M3 Chips: Apple introduced their latest chips - M3, M3 Pro and M3 Max, which are further down to only 3 nm as compared to 5 nm in M2. These chips will be used to power the new iMac and MacBook Pro models. According to them, the M3 chip will be rendering at 2.5 times the speed of its predecessor, the M1, and the CPU will be 30% faster.
MacB...



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Tesla's China-Made EV Sales Decline in September
$Tesla(TSLA.US$Tesla's sales of electric vehicles (EVs) produced in China dipped 10.9% year-on-year in September, with the company selling 74,073 units. The sales for the popular China-made Model 3 and Model Y saw a decrease of 12% compared to the previous month.
In contrast, BYD experienced a significant growth of 42.8% in passenger vehicle deliveries, hitting a total of 286,903 units last month.
One of the factors impacting Tesla's numbers is ...
In contrast, BYD experienced a significant growth of 42.8% in passenger vehicle deliveries, hitting a total of 286,903 units last month.
One of the factors impacting Tesla's numbers is ...



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ISM manufacturing PMI showed positive signs
The U.S. manufacturing sector showed some improvement, but still under the 50 threshold. The ISM’s manufacturing PMI reading for September rose to 49.0, its highest since November 2022. However, this is the 11th consecutive month that the PMI is below 50, indicating a contraction in manufacturing.
Despite this, growth projections for Q3 are estimated to be as high as a 4.9% annualized rate. Additionally, various manufacturing industries reported growth ...
Despite this, growth projections for Q3 are estimated to be as high as a 4.9% annualized rate. Additionally, various manufacturing industries reported growth ...



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Tesla Q3 2023 production & deliveries lower than expected
$Tesla(TSLA.US$ recently released its vehicle production and delivery data for the third quarter of 2023:
Total deliveries for Q3 2023: 435,059 vehicles.
Total production for Q3 2023: 430,488 vehicles.
In contrast, during the previous quarter, Tesla delivered 466,140 vehicles and produced 479,700. In the same period in 2022, they had 343,830 deliveries from a production of 365,923 vehicles.
This result not only missed Wall Street's proj...
Total deliveries for Q3 2023: 435,059 vehicles.
Total production for Q3 2023: 430,488 vehicles.
In contrast, during the previous quarter, Tesla delivered 466,140 vehicles and produced 479,700. In the same period in 2022, they had 343,830 deliveries from a production of 365,923 vehicles.
This result not only missed Wall Street's proj...


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US GDP showed steady growth
The U.S. economy has steady growth during the Q2 2023, matching experts' expectations. For what’s important, the gross domestic product (GDP) saw a growth of 2.1% in this period, while the first quarter was revised to reflect a 2.2% growth rate, up from the initial 2.0% report.
Historical GDP data was also updated due to new information and improved methods. Interestingly, GDP for the early months of 2020, 2021, and 2022 was lowered as consumers spending was less than...
Historical GDP data was also updated due to new information and improved methods. Interestingly, GDP for the early months of 2020, 2021, and 2022 was lowered as consumers spending was less than...



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Countdown to possible US Government shut down
The U.S. government may face its fourth shutdown in ten years if an agreement isn't reached by the end of this week. A bipartisan Senate bill that aims to fund the government until mid-November has been turned down by House Republicans. If no agreement is reached, hundreds of thousands of federal workers might lose their jobs temporarily, and many services would be forced to pause.
While the Senate has shown support for a funding bill, including $6 bi...
While the Senate has shown support for a funding bill, including $6 bi...



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Apple Car production might take longer than expected
$Apple(AAPL.US$ Ming-Chi Kuo thinks that Apple's progress on the "Apple Car" seems to have slowed down. He believes that without a major acquisition strategy in the automotive sector, Apple might face challenges in producing the car for the masses in the near future.
While there were rumors that the Apple Car will be tested in 2025 and reach customers by 2026, the lack of updates in 2023 makes this timeline questionable. Apple's focus lately...
While there were rumors that the Apple Car will be tested in 2025 and reach customers by 2026, the lack of updates in 2023 makes this timeline questionable. Apple's focus lately...



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Tesla may be affected by EU investigation of Chinese EVs
$Tesla(TSLA.US$ The European Commission has initiated an investigation into subsidies provided to electric vehicle (EV) manufacturers in China. Chinese electric car exports have seen a dramatic rise recently, surpassing Germany and potentially exceeding Japan this year, based on data from Moody's.
Dombrovskis, executive vice president and trade commissioner of the European Commission, said that the growth of Chinese EV brands in the Europ...
Dombrovskis, executive vice president and trade commissioner of the European Commission, said that the growth of Chinese EV brands in the Europ...



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US Treasury 10-year yield now at 16 years high
US government bonds continue to drop in value, pushing the interest rates, or yields, of 10- and 30-year bonds to levels not seen in the last 16 years. This comes as many believe the Federal Reserve (the Fed) will keep interest rates high. Additionally, the US government is issuing more bonds because of growing debt.
On Monday, the interest rate on 10-year bonds reached 4.53%, a peak not seen since October 2007. For 30-year bonds, the rate touched 4....
On Monday, the interest rate on 10-year bonds reached 4.53%, a peak not seen since October 2007. For 30-year bonds, the rate touched 4....



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US Unemployment Benefits Reach New Low
US unemployment benefit applications have decreased to their lowest level since January, suggesting a robust job scene that's bolstering the economy.
The Labor Department reported a drop of 20,000 in jobless claims last week, making the total 201,000, the closest it's been to the smallest number in over 50 years. On top of this, the number of people currently receiving unemployment benefits has dipped to 1.66 million, the smallest since this year began.
US U...
The Labor Department reported a drop of 20,000 in jobless claims last week, making the total 201,000, the closest it's been to the smallest number in over 50 years. On top of this, the number of people currently receiving unemployment benefits has dipped to 1.66 million, the smallest since this year began.
US U...


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