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- Vietnam's manufacturing PMI edges up in October, but firms face tougher conditions, international expert points to causes
Vietnam's manufacturing PMI rose to 52.3 in October 2026 from 51.9 in September, marking the 16th consecutive month of improvement, according to S&P Global. However, output and new orders growth slowed, while input costs rose at their fastest pace since June due to higher oil, fuel and transport prices. Supplier delivery times lengthened the most since April, and employment fell for a third straight month. S&P Global Market Intelligence's Andrew Harker said Vietnamese firms are finding it harder to sustain growth, mainly due to challenges from the international environment. Output expectations for the next 12 months improved and business sentiment reached an eight-month high, though optimism remains below levels seen before the Middle East war.
- Manufacturing is coming back in India , says Kotak Alt Srini Sriniwasan
- Protolabs Accelerates AI-Enabled Manufacturing with Amazon Quick
Protolabs (NYSE: PRLB) is rolling out Amazon Quick, an AI assistant that brings context, apps, systems and data into one place, across the enterprise. The initial focus is customer service, where AI-assisted workflows aim to reduce response times and streamline order and quote processing, with the phased rollout across its more than 2,200 employees continuing into 2027. The company created Forward-Deployed AI Engineer roles to identify use cases and design workflows. It also plans AI tools to flag ordering conflicts early, speed fulfillment across its manufacturing network, and eventually analyze more than 15 million CAD files for risk prediction and pricing.
- Former OpenAI exec has quietly built $1.5 billion startup, betting AI can revive U.S. manufacturing
Bob McGrew, OpenAI's former research chief, has raised $230 million for his startup Arda at a $1.5 billion valuation, in a round led by Altimeter Capital, Accel and Khosla Ventures. Arda sells AI software that helps manufacturing engineers build assembly lines faster, and McGrew said its models are already deployed with military tech company Anduril. He argued that adapting automation to a new design can take three to six months, compared with a day to retrain a human, which is why products with frequently changing designs are mostly built in East Asia. Altimeter's Apoorv Agrawal, who led the round, said global manufacturing is a $16 trillion industry, with $3 trillion in the U.S. alone. McGrew said robotics is next on the roadmap, with the aim of bringing more manufacturing and jobs back to the U.S.
- PODCAST : Trade war drives up costs despite manufacturing rebound
- New York Manufacturing Index Surges Much More Than Expected In October
The Federal Reserve Bank of New York reported that its general business conditions index for New York manufacturing surged to 25.5 in October from 7.6 in September, well above economists' forecast of 10.3. The index for future business conditions slid to 21.0 from 29.0 in September, although firms still expect conditions to improve in the months ahead. A positive reading signals growth in activity.
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- Namib Accelerates Redwing Mine Production
Namib Minerals (Nasdaq: NAMM) said it is accelerating the restart of its Redwing Mine in Zimbabwe, with first gold production targeted for November 2026, ahead of schedule. The change follows a Zimbabwe policy reserving the small- and medium-scale gold mining sector for citizens, which sets production requirements for foreign-owned operators by January 1, 2027. The company initially expects to process about 3,600 tonnes of ore and produce about 338 ounces of gold per month, rising to about 10,000 tonnes and 835 ounces per month by Q2 2027, a step that depends on a higher-capacity winder expected by the end of Q1 2027. Redwing produced about 650,000 ounces of gold between 1981 and 2023, and the company says its FY2026 guidance is unchanged.
- S&P 500, Nasdaq Recover From AI Rout On US Midterm Election Day — META, AAPL, AMD, SKHY In Focus
The S&P 500 and Nasdaq closed higher on Tuesday as tech and chip stocks recovered ahead of the US midterm election results. The S&P 500 rose 0.4%, the Nasdaq 100 gained 0.7%, and the Dow Jones Industrial Average eased 0.4%, while semiconductor ETFs rose between 2% and 2.5% on strength in Nvidia, AMD, Micron and Broadcom. Apple shares dropped about 2% after its quarterly margins and sales failed to impress investors. AMD reported a 45% jump in third-quarter revenue to a record $13.4 billion, driven by demand for AI processors and data center chips. Prediction-market odds of almost 75% that Democrats win the Senate could affect regulatory oversight in defense, AI and healthcare.
- What Is Nvidia (NVDA) Asking Cloud Clients To Change Under New China Rules?
Nvidia has reportedly told data center and cloud customers to curb sales to Chinese clients to comply with new US export rules, requiring at least 51% of future sales from these partners to come from non-Chinese buyers. The policy affects global AI infrastructure providers that use Nvidia hardware to serve both Chinese and non-Chinese enterprises. The article argues the cap could limit unit volumes tied to China-focused clouds while shifting demand toward US, European and other buyers. Key indicators to watch include how Nvidia and its largest cloud customers describe regional demand and supply in upcoming earnings reports, and any quantified impact on China-related revenue.
- 3 Key Takeaways From Upstart's Latest Report
Upstart reported third-quarter revenue up 34% to $371 million, above estimates of $363.7 million, and EPS rose from $0.23 to $0.33, beating expectations of $0.23. Originations were flat sequentially, and the company raised its full-year fee revenue guidance but lowered its adjusted EBITDA guidance amid macro pressure on its balance sheet. Its secured loan business was profitable for the first time, with a 17% contribution margin, and secured originations nearly tripled to $587 million. Contribution profit rose 48% to $218 million, which the company credited to technology and marketing improvements. The stock rose about 2% in afternoon trading and trades at a price-to-sales multiple of 1.5, its cheapest level ever apart from a brief period at the end of 2022.
- Should You Buy Qualcomm Stock Before Its Nov. 4 Report?
Qualcomm shares fell 11% on Oct. 30 to close at $164.79 amid a chip sell-off triggered by Intel's weaker fourth-quarter revenue forecast and its warning that the PC slowdown could last until at least mid-2027. Handset chip revenue dropped 20% in the June quarter to $5.1 billion, hurt by tight memory supply and a much lower expected share of new iPhone launches, and Qualcomm forecast Apple revenue falling about 50% from the September to the December quarter. Guidance for fiscal fourth-quarter revenue is $9.7 billion to $10.5 billion, with non-GAAP EPS of $2.05 to $2.25. Two custom chip deals with large cloud companies are expected to start generating revenue in the December quarter, while automotive sales rose 61% to a record $1.6 billion. The author says the stock trades at about 17 times expected fiscal 2027 earnings, a little below the S&P 500's roughly 19 times, and is not in a rush to invest before the report, preferring to watch actual data center revenue.
- New Over-the-Horizon Radar in Kaliningrad Could Monitor All of Europe
According to German media, Europe is concerned about a new Russian over-the-horizon radar being completed near Gvardeysk in Kaliningrad. NATO estimates the system could observe targets more than 3,000 km away, potentially covering all of Europe, although Russia has not published its technical specifications. The system is expected to detect ballistic missiles and NATO aircraft, spot low-flying targets including drones, and carry out electronic reconnaissance. Europe is preparing countermeasures such as surveillance systems on offshore wind farms in Poland and reconnaissance satellites from Germany and Finland, while NATO officials reportedly reassure themselves that the radar is very large and easy to destroy if necessary.
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