🐣The More, The Merrier: October 12th, Issue 46

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Hey Legends! šŸ®šŸ“ˆ

Woke up to a bunch of red today, and not the festive kind. Equities and Crypto all decided to flatline.

Turns out the U.S. and China are fighting again. Read this week’s issue to find out who threw the first punch!

This week’s…

Finance Recaps

Image source: News Wire

šŸ“ˆWhen Are We Getting Chipotle?: After a year-long slump and losing nearly one-third of its value, Guzman y Gomez is signalling confidence with a $100 million stock buyback. The fast-food chain reported an 18.6% rise in September quarterly sales.

šŸ“ˆGuessing Game: In meeting minutes released Wednesday, Federal Reserve officials were divided over whether to make two or three total rate cuts this year. The debate ended 10-9 in favor of three rate cuts. However, the ongoing government shutdown means the Fed will have limited information to guide upcoming decisions.

šŸ“ˆGold Rush 2.0: Sydney looks to be the backdrop for Australia’s second gold rush as prices hit a record $4,000 USD per ounce. Lines snaked outside ABC Bullion in Martin Place, with many waiting hours to buy bars and coins before prices climbed any higher. Australian gold exports are expected to rise by $12bn AUD by 2026.

šŸ“ˆWhat Goes Up, Must Come Down: BTC charted an all-time high ($121,300 USD) just days ago before a major reversal of fortune as short positions wiped out over $1 billion USD and prices plunged to $110,000 USD. Reason? President Trump threatened 100% tariffs on China (see Politics section for details).

This week’s…

Politics Recaps

Image Source: SCMP

šŸŒŽTrump Almost Got the Nobel Peace Prize: Not really, but he has brokered a ceasefire between Israel and Hamas that seems to be holding. 200 American troops have since entered Israel to keep the peace though the reappearance of Hamas police in Gaza hints the deal may be fraying. 

šŸŒŽChina’s Trump Card: China has been not-so-quietly amassing bargaining chips ahead of the Trump-Xi talks in early November. Gold and chips mainly, but rare earths hit the news when the Ministry of Finance required any product deriving more than 0.1% of its value from rare-earths to be approved by the central government. Trump was 100% (tariff) not happy.

šŸŒŽ5-Days Break for France’s PM: France’s revolving door keeps spinning. Sebastien Lecornu quit Monday as the fifth prime minister in two years, then returned to the job by Saturday. Since Macron’s ill-fated snap election in June 2024, his minority government has been stuck in permanent stalemate between the conservative and socialist parties.

šŸŒŽIt’s a Stable Job, They Said: In light of the ongoing U.S. Government shutdown the Trump administration have begun the ā€œmass layoffsā€ they promised. Attempting to motivate cooperation from the Democrats the White House Budget Office began the reduction in force (RIF) of over 4,000 staff.

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This week’s…

Business Recaps

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šŸ‘”Never Put All Your Chips in One Basket: Another week, another multibillion dollar deal for OpenAI as the company struck a deal with Advanced Micro Devices (AMD) to supply AI chips powering 6 gigawatts of computing (~half the scale of OpenAI’s current agreement w/ Nvidia). $AMD ( ā–¼ 7.73% )  shares jumped 38% on the news.

šŸ‘”Whose Summer Vacationer Was This?: Deloitte Australia has repaid almost $98,000 AUD (~20% of its $440,000 AUD contract fee) after a government report that it produced was reissued due to AI-related errors. The flagged report contained three non-existent references and a fabricated quote.

šŸ‘”Tesla SE: $TSLA ( ā–¼ 5.06% )  has unveiled a ā€œstandardā€ Model Y and Model 3, priced at $36,900 USD and $39,990 USD respectively. The cars have fewer features but their price puts them among the cheapest EVs in the U.S., and helps them compete against low-cost EVs coming out of China. Tesla global sales rose 7.4% in Q3 compared to last year. 

šŸ‘”Trilogy Metal Shares Go Vertical: Shares of $TMQ ( ā–¼ 9.47% ) jumped 260% after the White House announced a 10% stake in the company, with warrants to acquire another 7.5%. Trump also approved permits for the Ambler Road Project, which opens access to precious minerals—a reversal of Biden’s 2024 rejection over environmental concerns.

This week’s…

Miscellaneous Recaps

Image Source: Apply Zones

🤪ACU Witch Hunt: Australian Catholic University sparked outrage after accusing students of using AI to cheat, leading to months-long probes that found nothing wrong. Nearly 6,000 cases were logged in 2024, 90% of which were flagged by Turnitin’s unreliable AI detector.

🤪Win is a Win: For the first time ever, renewable energy overtook coal as the world’s top electricity source in the first half of 2025, thanks to a massive surge in solar and wind power. China and India led the charge, while the US and EU leaned more on fossil fuels. The IEA has since halved its forecast for U.S. renewable growth, citing Trump-era policies.

🤪Swift’s Release Party Hits Big: Taylor Swift’s The Official Release Party of a Showgirl, a sing-along film tied to her new album, earned $33 million in U.S. and Canadian cinemas and $13 million internationally. Despite minimal promotion and no early screenings, it became the top film of the weekend, reflecting Swift’s unmatched fan influence.

🤪Chemistry’s ā€˜Magic Sponge’ Wins Nobel: Three scientists, including Australia’s Richard Robson, won the 2025 Nobel Prize for creating metal-organic frameworks that tackle climate change and water scarcity by storing water and capturing harmful gases.

That’s it for this week.

The Weekly Charge Team ā¤ļøšŸ®

P.S.

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