See the full story in the original article.
Read the original on Yahoo Finance ↗
Related news
- SpaceX agrees to testify to NYC Council about AI safety after receiving subpoena
SpaceX has agreed to testify before the New York City Council this week in a legislative investigation into AI safety risks, the council said on Tuesday. The hearing is set for Friday at 10 a.m. ET before the council's tech committee. The council issued a subpoena to Elon Musk and SpaceX's AI unit on Sept. 28, but SpaceX did not appear at the Oct. 5 hearing, where Anthropic, OpenAI, Google and Meta testified. SpaceX agreed two days later, after the council said it would ask a judge to enforce the subpoena, and failure to comply could bring penalties under city law. Lawsuits are also piling up against SpaceX over deepfake porn generated with Grok's image tool.
- SpaceX Agrees To Testify Before New York City Council Following AI Safety Subpoena
SpaceX has agreed to testify before the New York City Council's tech committee this Friday at 10 a.m. ET as part of an investigation into AI safety risks. The council subpoenaed Elon Musk and SpaceX's AI unit on Sept. 28, but SpaceX did not appear at the Oct. 5 hearing where Anthropic, OpenAI, Google and Meta testified. Council Speaker Julie Menin called the absence “unacceptable” and warned that ignoring the subpoena could bring penalties. The committee wants answers on data privacy, safeguards and whistleblower protections, and SpaceX also faces lawsuits claiming its Grok image generator was used to mass-produce deepfake porn. The article notes that since Musk folded xAI into SpaceX, AI regulation now touches the whole company.
- SpaceX policy manager set to testify as part of NYC Council AI safety investigation
Gabriela Castillo Madrid, SpaceX's AI policy leader, is set to testify by video on Friday at 10 a.m. ET before the New York City Council's tech committee in its AI safety investigation. SpaceX initially evaded requests and a subpoena to appear on Oct. 5 alongside leaders from OpenAI, Anthropic, Google and Meta, but agreed to testify after the council threatened judicial enforcement. The council aims to use the testimony to guide new regulations. SpaceX, which merged with xAI in February and controls the Grok model, went public in June and is valued at about $2 trillion. UK lawmaker Jess Asato, who is suing xAI over sexualized images created by Grok users, criticized SpaceX's “arrogance” for skipping the earlier hearing.
- Will SpaceX merge with Tesla? Speculation resurfaces it could before the end of 2026
Barclays analyst Dan Levy says a Tesla–SpaceX merger has increasingly become the consensus expectation, citing media reports and Elon Musk's public hints, though it remains speculation. Levy believes the deal could be put to a shareholder vote at Tesla's annual general meeting, which must be held by December 6; if the announcement slips into October or November, the deal could instead come within six to 12 months. He expects SpaceX to buy Tesla in an all-stock deal, with each Tesla share worth about 0.7 SpaceX shares before any premium, leaving Musk with about 37% of the combined company and 56% of the vote. Musk has noted "more and more overlap" between his two companies.
- Will SpaceX merge with Tesla? Speculation resurfaces it could happen before the end of 2026
Barclays analyst Dan Levy says a Tesla and SpaceX merger has increasingly become the consensus expectation, though it remains speculation for now. Levy notes that Tesla must hold its annual general meeting by December 6 under SEC rules, and that a deal announced later in October or early November may be harder to approve at that meeting, pushing a possible deal into the next six to 12 months. Barclays expects SpaceX to buy Tesla in an all-stock deal at about 0.7 SpaceX shares per Tesla share, based on valuations of about $2.1 trillion and $1.5 trillion. Elon Musk owns about 20% of Tesla and 48% of SpaceX, and has publicly hinted at closer collaboration between the two companies. Both stocks fell in Thursday's trading.
- Tesla-SpaceX Merger could be announced before December, Barclays says
According to Barclays, Elon Musk could announce a Tesla-SpaceX merger before December to consolidate control over his AI ambitions, with SpaceX seen as the more likely acquirer in an all-stock deal. Based on estimated market values of $2.1 trillion for SpaceX and $1.5 trillion for Tesla, Barclays expects the deal to include a premium for Tesla shareholders, leaving Musk with about 37% of the combined company but roughly 56% of its voting power. The combination would likely be pitched as an AI integration strategy linking Tesla's Robotaxi and Optimus with SpaceX's Grok and Macrohard, with Terafab as another key driver, including a $3 billion Austin research facility and a production plant estimated at about $16.8 billion. The 2026 annual meeting must be held by December 6, and an announcement in late October or early November could make shareholder approval harder, while a separate deal could emerge within six to 12 months.
Related markets
Latest news
- J.P. Morgan Stays Top of Extel’s All-America Equities Research Table
Extel's 55th annual All-America Research Team survey ranks J.P. Morgan first in the research team table with 47 published positions, followed by BofA Securities with 44 and Morgan Stanley with 43. UBS posted the largest gain in positions, reaching 42 and climbing to fourth place. In the analyst leaders table, Jefferies takes first place with 43 positions, while UBS leads Extel's weighted ranking of research teams ahead of J.P. Morgan and Evercore ISI. The results reflect the views of 4,451 portfolio managers and analysts at 1,608 institutions across 60 sectors, with 129,919 votes counted. The number of participating institutions fell from 1,705 in 2025, but more firms now sit in the highest commission bands, rising to 89 from 82.
- Visa, Mesh partner to enable crypto spending at 175M merchant locations
Visa and crypto payments network Mesh have partnered so users can spend cryptocurrency and stablecoin balances directly from participating digital wallets at merchants on Visa's network, without transferring funds to a bank account or using a separate crypto card. Merchants receive payments through Visa's existing network without changing their checkout systems. The network covers more than 175 million merchant locations in over 200 countries and territories, and participating wallets and launch dates will be announced later. Mesh will handle funding and conversion between crypto, stablecoins and fiat, as well as onboarding and KYC requirements. The partnership follows Mesh's September integration with Bybit Pay and its $75 million raise in January at a $1 billion valuation.
- Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments
Mastercard has launched Stablecoin Security, a tool that lets financial institutions screen stablecoin payments for fraud, scams and sanctions exposure and generate a risk score before a payment settles. Delivered through a platform-agnostic API, it combines Mastercard's payment intelligence with blockchain analytics and launches with Borderless.xyz and Keyrails as initial participants. The move addresses a blind spot flagged by a Bank for International Settlements study, which found nearly 60% of 593 million stablecoin transfers in 2025 were complex, multi-step transactions. The product extends Mastercard's broader stablecoin push, including its Global Money Platform with BVNK, and will launch first in North America, with worldwide availability expected in 2027.
- Better Oil Stock: Chevron (CVX) vs. ExxonMobil (XOM)
The article compares integrated oil majors Chevron (CVX) and ExxonMobil (XOM), whose stocks rose 45% and 58% respectively over the past 12 months as oil prices climbed. Chevron earns about 80% of its profit from upstream operations versus about 70% for ExxonMobil, which has a larger downstream and petrochemicals business. With Brent crude at $110 per barrel, well above breakeven prices of $50 for Chevron and $35 for ExxonMobil, the author argues Chevron's upstream focus suits oil spikes, while ExxonMobil's diversification helps when prices fall. Chevron offers a 3.2% forward yield versus 2.3%, and analysts expect its EPS to grow at a 26% CAGR from 2025 to 2028, compared with 20% for ExxonMobil. Both trade at 15 times next year's earnings, and the author prefers Chevron.
- This High-Yielding Dividend Stock Has Soared Past the "Magnificent Seven" in 2026
Target (TGT) shares are up 57% so far in 2026, outpacing the Magnificent Seven tech group, where Tesla is down 18% and Apple leads with a 26% gain as enthusiasm for AI cools. The stock is still down 39% over five years, with its last positive year in 2021, as consumers have pulled back on discretionary spending, but a new CEO and recent earnings progress have renewed investor interest. Growth in the most recent quarter, which ended Aug. 1, was 5.3%, with comparable growth of 3.6%, which the author sees as decent but not spectacular. Target trades at a P/E of 16 versus about 23 for the S&P 500 and 43 for Walmart, and its dividend yields 3% versus roughly 1% for the market, with 55 consecutive years of increases.
- Here's What a $5,000 Investment in AMD Could Be Worth by 2032
AMD shares have risen 147% in 2026 as of writing, well ahead of the 57% gain in the PHLX Semiconductor Sector index, driven by demand for its server CPUs and GPUs in AI data centers and by gains in the PC market. The data center segment made up 58% of Q2 revenue, rising 107% year over year to $6.7 billion. The company cites an AI data center accelerator market growing at a 45% CAGR through 2030, reaching $1.4 trillion in revenue, and says its server CPUs are used by hyperscalers including Amazon, Microsoft, Oracle, and Google. Other catalysts include its Helios rack-scale systems, semi-custom processors for next-generation Sony and Microsoft consoles, and PC client CPU revenue up 23% to $3.1 billion, with market share estimated at 30.3% versus 23.9% a year earlier, while global PC shipments fell 4%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.