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- America Abbai Newsletter 10/1/24
America Abbai Newsletter 10/1/24
Source: Yahoo Finance
Stock Markets As of 10/1 5:40 PM CST
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Top News
Gold prices have surged over 20% this year, reaching a record high of over $2,500 per troy ounce, and are expected to hit $2,700 by early 2025 due to interest rate cuts and central bank purchases, according to Goldman Sachs Research. Key factors driving gold’s rise include ongoing central bank purchases, Federal Reserve rate cuts, and potential geopolitical shocks, making it Goldman Sachs' top near-term investment. While commodities like oil, industrial metals, and natural gas face softening demand and revised forecasts, select metals may still experience growth due to energy security and decarbonization efforts.
Amir Cohen | Reuters
Iran launched a ballistic missile attack on Israel in retaliation for the recent killing of Hezbollah leader Hassan Nasrallah and Iranian commander Abbas Nilforoushan in Lebanon. Most of the nearly 200 missiles were intercepted by Israeli and U.S. defenses, with no known fatalities reported in Israel. The attack marks a significant escalation in the conflict, as Israel continues its offensive on Hezbollah following its ground operations in south Lebanon.
Image Credits: Anthropic
Durk Kingma, a co-founder of OpenAI and a machine learning expert, has announced that he will be joining Anthropic, a rival AI company, where he will work primarily from the Netherlands. Kingma, who has a Ph.D. in machine learning and previously worked at both OpenAI and Google Brain, has a background in developing generative AI models like DALL-E and ChatGPT. His move is a significant talent acquisition for Anthropic, which has also recruited other former OpenAI leaders, including Jan Leike and John Schulman, as the company positions itself as more focused on AI safety than its competitors.
Jimmy Carter celebrated his 100th birthday today, becoming the first U.S. president to reach the milestone. Though he has been in hospice care for over 19 months, Carter marked the occasion at his home in Plains, Georgia, with family. Tributes poured in from figures like President Joe Biden, King Charles III, and Georgia Governor Brian Kemp, recognizing Carter's legacy as a global mediator, rights activist, and statesman, with notable achievements such as the Camp David Accords and diplomatic relations with China during his presidency.
Trolls Over Pawan Kalyan's Poor Stamina Levels
Pawan Kalyan recently faced trolling after videos showed him struggling to climb the steps of Tirumala temple, needing frequent breaks and appearing exhausted. Despite his martial arts background and fitness claims, his visible fatigue surprised many. While some attribute it to his age, critics pointed out that older devotees seemed to handle the climb better. Fans were hurt by the trolls, but others found humor in the situation. The viral videos highlighted the contrast between Pawan and his team, who remained energetic throughout.
Movie News
NTR – The Saviour of Flop Directors
Jr NTR has shifted his approach by collaborating with directors in a low phase of their careers and helping them achieve success. He revived Puri Jagannadh's career with Temper and followed up by delivering hits with struggling directors like Sukumar (*Nannaku Prematho*), K.S. Ravindra (*Jai Lava Kusa*), and Trivikram Srinivas (*Aravinda Sametha*). Recently, he worked with Koratala Siva, whose previous film Acharya was a flop, but NTR’s Devara performed strongly at the box office.
Allu Arjun paid tributes to his grandfather, legendary Telugu actor Allu Ramalingaiah, on his birth anniversary. Arjun, dressed in his Pushpa look, honored the late actor, who contributed to Telugu cinema for over five decades and received prestigious awards like the Padma Shri and Raghupathi Venkaiah Award. Allu Ramalingaiah was born on October 1, 1922, and passed away on July 31, 2004. Meanwhile, Allu Arjun is busy with Pushpa: The Rule, set for release on December 6, after winning the National Award for Best Actor for his role in Pushpa.
Veteran actor Rajinikanth, 73, was hospitalized in Chennai for a health procedure, though his condition is reportedly stable. The cinema icon has faced health challenges in the past, including a kidney transplant in 2016 and hospitalization in 2020 for hypertension. His upcoming film Vettaiyan, co-starring Amitabh Bachchan and Fahadh Faasil, is set for release on October 10, 2024. Fans are eagerly awaiting the movie as they support the actor through his health recovery.
Streaming Dates
Source: Binged
Source: Binged
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