[Jinshi Data Compilation: Daily U.S. Stock Market News Express (Wednesday, October 9)]
Stock News
1. Nvidia (NVDA.O) CEO Huang Renxun said that the future of artificial intelligence will be services that can "reason", but to reach this stage, the cost of computing needs to be reduced. Huang Renxun added that Nvidia will increase chip performance by two to three times each year with the same energy and cost to lay the foundation for these advances.
2. Honda Motor (HMC.N): Announced on Wednesday that it will recall 1,693,199 vehicles in the United States because steering difficulties in certain models may increase the risk of crashes.
3. Disney (DIS.N) raised ticket prices for its two theme parks in Southern California on the most popular days by about 6%, effective immediately. In addition, Disneyland Resort also raised the price of its annual Magic Key pass, with the cheapest Imagine Key now up $100 to $599.
4. If Medicare coverage of diet drugs were approved, U.S. federal spending would increase by approximately $35 billion from 2026 to 2034, according to a Congressional Budget Office (CBO) analysis of an illustrative policy that would authorize coverage of diet drugs in 2026.
5. A Citigroup (C.N) spokesman said on Tuesday that lawyers have urged U.S. District Judge Paul Oetken to dismiss a lawsuit filed in January by New York Attorney General Letitia James, which accused Citibank, a subsidiary of Citigroup, of failing to compensate customers who suffered from online fraud.
6. TSMC (TSM.N) announced sales of NT$759.7 billion (US$23.6 billion) in the September quarter, up 39%, higher than the average analyst estimate of NT$748 billion.
7. Chevron (CVX.N) is in talks to sell its East Texas natural gas assets to Tokyo Gas for up to $1 billion, according to people familiar with the matter.
8. Boeing (BA.N) and IAM negotiated with federal mediators on Monday and Tuesday on a plan to increase wages by 30% and improve retirement benefits, but the negotiations broke down, and Boeing and IAM accused each other of causing the deadlock. (Reprinted from: Jinshi Data)