Morgan Stanley: Gold prices are expected to climb to $4,500 per ounce by mid-2026.

- Zohran Mamdani, a 34-year-old Democratic socialist, leads polls to become NYC's first Muslim mayor with progressive policies targeting wealth taxes and social services. - His campaign challenges Democratic establishment norms, uniting younger/immigrant voters while polarizing moderates and Jewish communities over governance approaches. - Funded by 1% wealth tax proposals and $13M from 40K small donors, Mamdani's grassroots model contrasts with Cuomo's traditional fundraising and party endorsements. - Tru

- UBS warns a Supreme Court ruling against Trump's tariffs could force $140B refunds, straining U.S. fiscal resources and prompting potential Fed rate cuts. - The refunds stem from 39% Swiss tariffs deemed potentially unlawful, with fiscal impact equivalent to 7.9% of 2025's projected budget deficit. - Legal challenges highlight executive overreach risks, while reduced tariffs could boost consumer spending and ease inflation, creating room for Fed easing. - Swiss business leaders have lobbied Trump to lowe

- Arm Holdings reported $1.14B Q3 revenue, 34% YoY growth surpassing forecasts, driven by AI/data center demand. - Royalty revenue rose 21% to $620M while licensing revenue jumped 56% to $515M, reflecting strong IP adoption. - Strategic shift to develop full-chip solutions via Compute Sub Systems aims to compete with Nvidia/Amazon in AI hardware. - Parent company SoftBank explored Arm-Marvell merger to strengthen AI infrastructure, highlighting industry consolidation trends. - 20 "buy" ratings and $155 pri