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XAU/USD edges lower below $4,000 as private payrolls rebound in October

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The post XAU/USD edges lower below $4,000 as private payrolls rebound com. Gold price (XAU/USD) declines to near $3,970 during the Asian trading hours on Thursday. The precious metal edges lower as traders weigh the outlook for the US Federal Reserve (Fed) path after the upbeat US economic data. The Fed officials are scheduled to speak later on Thursday, including Michael Barr, John Williams, Anna Paulson, Beth Hammack, Christopher Waller, and Alberto Musalem. Private sector employment in the US came in stronger than expected, signaling some stabilization in the job market after two straight months of declines. Private-sector payrolls rose by 42, 000 in October, compared to the 29, 000 decrease (revised from -32, 000) seen in September, the Automatic Data Processing (ADP) showed Wednesday. The ADP report is one of the few monthly snapshots of the labor market, as the longest government shutdown in US history delays the release of official economic data. The better US jobs data lifts the US Dollar (USD). A stronger USD makes gold more expensive for foreign buyers, reducing global demand and weighing on the non-yielding yellow metal. Furthermore, hawkish remarks from Fed officials could undermine the yellow metal. After the US central bank cut its interest rates last week for a second consecutive meeting, Fed Chair Jerome Powell said that he sees “very gradual cooling” in the labor market, but nothing more than that.” He made it clear that another reduction at the Fed’s next meeting in December wasn’t certain. On the other hand, the uncertainty and ongoing US federal government shutdown, which is now the longest in history, could boost safe-haven assets like the Gold price. The Senate is not currently set to vote on a House-passed measure to reopen the government on Thursday, after it failed to advance for the 14th time on Tuesday. Gold FAQs Gold has played a key role in human’s history as it has.

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Anthropic Expands into Japan with Hidetoshi Tojo as New Head

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The post Anthropic Expands into Japan with Hidetoshi Tojo as New Head appeared com. Jessie A Ellis Nov 04, 2025 22: 17 Anthropic appoints Hidetoshi Tojo as Head of Japan, marking a strategic expansion into the Japanese market with plans for local hiring and opening its first Asian office. Anthropic, a prominent artificial intelligence company, has announced the appointment of Hidetoshi Tojo as the Head of Japan, signifying a strategic move to deepen its presence in the Japanese market. The decision comes as Anthropic prepares to launch its first Asian office in Tokyo, aiming to enhance its footprint in the region, according to Anthropic. Leadership and Experience Hidetoshi Tojo brings a wealth of experience to his new role, having previously served as the Japan Country Manager at Snowflake. His tenure there saw him build local operations that led to significant growth. His leadership experience extends to roles at Google Cloud Japan and Microsoft, both in the United States and Japan, positioning him well to lead Anthropic’s expansion efforts. Tojo expressed enthusiasm about his new role, highlighting the potential for Japanese companies to leverage Anthropic’s responsible AI solutions. “Japanese enterprises are rapidly integrating generative AI into their operations,” he noted, emphasizing the demand for secure and trustworthy AI technologies that Anthropic is known for. Strategic Partnerships and Market Growth Anthropic’s CEO and co-founder, Dario Amodei, commented on the company’s organic growth in Japan, mentioning successful collaborations with major corporations like Rakuten, NRI, and Panasonic. These partnerships have demonstrated the potential for AI to transform business operations and customer experiences in Japan. Amodei expressed excitement about deepening these collaborations and expanding Anthropic’s influence in the Japanese market. He noted that Tojo’s experience with tech giants such as Snowflake, Google, and Microsoft makes him an ideal leader for this expansion. Future Plans and Hiring Initiatives Anthropic plans to officially inaugurate.

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The FilmGood Festival Returns To Empower Diverse Creators, Through Storytelling And Wellness

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The post The FilmGood Festival Returns To Empower Diverse Creators, Through Storytelling And Wellness appeared com. LOS ANGELES, CALIFORNIA DECEMBER 14: Etienne Maurice and Sheryl Lee Ralph attend WalkGood LA’s 2nd Annual FilmGood And Wellness Festival “Acting In Comedy” panel at WalkGood LA on December 14, 2024 in Los Angeles, California. The multi-day event features screenings of short and feature-length films, accompanied by filmmaker Q&As, industry workshops, wellness activations, and community networking in Los Angeles, held at The WalkGood Yard in Los Angeles. FilmGood, inspired by festivals like Sundance, SXSW, and Martha’s Vineyard African American Film Festival, cultivates a vibrant and inclusive community for filmmakers, industry professionals, and movie enthusiasts, with wellness at the centerpiece of its programming. Founded by Etienne Maurice, an entrepreneur, community activist, actor, wellness expert, and the son of Emmy Award-winning actress Sheryl Lee Ralph, the festival aligns with the mission of The WalkGood Yard, Maurice’s creative wellness studio, which is part of the nonprofit wellness organization WalkGood LA. Founded by siblings Etienne Maurice, Ivy Coco Maurice, and Marley Ralph, WalkGood LA is a Black owned and family-led 501(c)(3) nonprofit dedicated to healing and uniting communities through art, wellness, and activism. It has become a cultural movement that merges creative expression with purpose, creating equitable healing spaces across Los Angeles and beyond. LOS ANGELES, CALIFORNIA DECEMBER 14: (L-R) William Stanford Davis, Lisa Ann Walter and Sheryl Lee Ralph speak at WalkGood LA’s 2nd Annual FilmGood And Wellness Festival “Acting In Comedy” panel at WalkGood LA on December 14, 2024 in Los Angeles, California.

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Magnificent 7 tech stock has outperformed crypto YTD

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The post Magnificent 7 tech stock has outperformed crypto YTD appeared com. Tech stocks moved ahead of the crypto market, locking in a respectable 42% gain in the year to date. At the same time, the crypto market erased its gains for a net expansion of just 16% for the year to date. The Magnificent 7 tech stocks have a lead on crypto with a 42% yearly gain. The shares of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla outpaced crypto, which had an uneven performance. The Magnificent 7 stock index climbed more gradually since April, outperforming crypto for yearly gains to date. 2% gain for the year, but the entire crypto market capitalization is down, as top tokens and altcoins underperformed. The crypto market capitalization is at $3. 55T, though most of the value is concentrated in the top 100 assets. The recent price performance of the NASDAQ index was also weaker, adding 27. 2% in the year-to-date. The S&P 500 added 18. 8% for the year to date, outside the exceptional performance of top tech stocks. The recent gains for tech shares posed the question of the position of crypto, either as a secure store of value or as a riskier and more volatile alternative to tech stocks. Can tech stocks replace crypto? Tech stocks and other active sectors are fulfilling one of the roles of crypto. With increased liquidity and a less risky downside, stocks are outperforming the crypto space. The lack of an altcoin season and the slowdown of memes also mean crypto space no longer offers the potential for outsized gains. At the same time, altcoins suffer deeper drawdowns. BTC and ETH remain the two mainstream alternatives to stocks, still seeing mainstream inflows. Crypto stocks and the shares of mining companies have also performed better in comparison.
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