Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
Shinkei Systems is developing Poseidon, a robot that humanely harvests fish using automated ike jime. The company aims to vertically integrate fish harvesting and processing, offering premium prices to fishermen and selling 'ceremony grade' fish under its Seremoni brand, challenging traditional seafood supply chains.
Shinkei Systems uses its Poseidon robot to instantly kill fish, preserving quality and shelf life. The company is vertically integrating fish harvesting and processing, aiming to create a premium consumer brand.
Japanese taxi app Go raised ¥88.6 billion ($553 million) in its IPO to fund robotaxi expansion and address Japan's driver shortage. Despite a stock pullback, the company aims to invest in R&D and M&A, partnering with Waymo for autonomous driving technology.
New Federal Reserve Chair Kevin Warsh is reducing the central bank's transparency, cutting "forward guidance" on interest rates and shortening statements. Analysts warn this could increase market volatility and borrowing costs, while others see potential benefits in market self-reliance.
US food and beverage giants face a new hurdle as 23 states now have waivers restricting SNAP benefits for certain processed and sugary products. This could reduce sales by $830 million this year, forcing companies to monitor shopper behavior and potentially reformulate product lines.
US Commerce Secretary Howard Lutnick has reportedly raised concerns with ASML executives about the potential presence of the Dutch chipmaker's advanced EUV lithography machines in China, a move that would violate US export controls. ASML denies any such machines are in China, while the US Commerce Department claims to have evidence but has not shared it. The situation highlights ASML's critical role in AI chip production and the geopolitical implications of advanced technology.
