Weekly Market Report (02 Oct 23)

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News Last Week

Amazon invests up to $4 billion in Anthropic, competing against OpenAI.
OpenAI targets a new valuation of $90 billion in its latest share sale.
FTC sues Amazon over alleged illegal online-marketplace monopoly.
Huawei advances its goal for technological self-sufficiency.
Apple defends its default search contract with Google.
Nvidia's French offices get raided amid an antitrust cloud-computing investigation.
Evergrande shares drop 25% due to debt restructuring delays.
Concerns arise over the impact of foreign climate funding on developing nations.
Oil prices soar to a one-year high due to decreasing crude stocks.
U.S. mortgage rates reach a nearly 23-year high.
Potential U.S. government shutdown looms; House Republicans cancel recess.
China re-evaluates price controls in its housing market and pushes for semiconductor self-reliance.