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U.S. stocks opened mixed on October 15th, with the Nasdaq Composite falling sharply by 1.29%. Semiconductor storage and optical communications stocks led the market declines, with major players like Micron, Western Digital, and Corning seeing significant drops.
Read MoreThe Philadelphia Semiconductor Index plunged 4.01% intraday, hitting its lowest level in nearly a month. Major chip stocks like Nvidia, AMD, and Intel saw sharp declines, with only Qualcomm posting a slight gain. The steep drop reflects growing market concerns about the semiconductor industry's outlook.
Read MoreOn October 15th, long-term U.S. Treasury yields fell sharply, led by significant declines in 20-year and 10-year rates, both dropping over 14 basis points. The move signals a market reassessment of the economic outlook and future interest rate trajectory.
Read MoreCanaan's treasury now holds 1,875 Bitcoin, with 44 BTC mined in September alone. This accumulation highlights the company's ongoing commitment to crypto asset growth and operational expansion in the mining sector.
Read MoreKey evening updates reveal persistent inflation with higher-than-expected US PPI. UBS forecasts extended Fed hikes until 2027. Apple's AI assistant gets China approval, while Blackstone commits $200b to AI data centers. Regulatory scrutiny intensifies on AI firms.
Read MoreUS Producer Price Index (PPI) surged 6.3% year-over-year in September, hitting its highest level since May 2026 and exceeding market forecasts. Both monthly PPI and retail sales growth also beat expectations, signaling persistent inflation and robust demand.
Read MoreUS initial jobless claims fell to 199,000 last week, below the forecast of 200,000. The previous week's figure was revised slightly higher to 198,000, indicating continued resilience in the labor market.
Read MoreNYC Comptroller Mark Levine has urged a leading AI company to pause its planned IPO until it fully addresses safety and governance concerns raised by its own reports. The city holds a small stake in the firm.
Read MoreBloomberg reports that Ripple Prime, Ripple’s prime brokerage arm, is launching perpetual futures contracts for real-world assets (RWAs) targeting institutional clients. The offering covers over 100 reference markets including stocks, indices, ETFs, and commodities, extending its services beyond crypto derivatives.
Read MoreTether Capital has strategically invested in AIsa, a platform that provides AI agents with streamlined access to data, software, and computing services. The investment highlights Tether's expansion into AI infrastructure, aiming to simplify development and enable fiat and stablecoin payments for resources.
Read MoreLedger has disclosed details of a supply chain attack involving organized criminals who purchased genuine hardware wallets, implanted malicious chips to steal recovery phrases, and resold them through distributors. The incident highlights distribution risks, prompting enhanced security measures and sales suspensions in affected regions.
Read MoreBlackRock has amassed a $200 billion data center portfolio and partnered with Google for cloud expansion. The firm is betting on AI through chip-backed loans, lab investments, and energy infrastructure, calling it their top priority.
Read MoreSweden's Riksbank has urged the government to establish a dedicated legal framework for the digital krona, a crucial step to provide clear legal authority for its potential issuance and management. This move transitions Sweden's CBDC exploration from technical trials to institutional construction, potentially influencing the broader European and global digital currency landscape.
Read MoreGartner warns that the global AI infrastructure investment boom could create a massive bubble. By 2030, over $3.5 trillion in investments may face impairment risks as revenue growth fails to keep pace. AI-related revenue is projected to reach only $3.6 trillion, far below the $8.5 trillion needed to justify current spending levels.
Read MoreBinance Alpha, the exchange's discovery platform, will list NeoSoul (DNA) on October 16. Eligible users can claim an airdrop using Alpha Points post-trading launch via the dedicated campaign page, rewarding early community engagement.
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