Binance is taking a $100 million stake in Circle while promoting USDC to its global users, giving the stablecoin issuer a major distribution channel as it challenges Tether’s commanding international position.
Susan Collins backed the Federal Reserve’s unanimous quarter percentage point rate increase, warning that inflation could remain notably above 2% as updated projections pointed to another increase this year and possible further tightening in 2027.
Gold remained above $4,300 as geopolitical risks provided support, but firm Treasury yields, a stronger dollar and expectations for another Federal Reserve increase continued to block a decisive breakout. Oil’s retreat softened the immediate inflation threat.
MS NOW, CNN and Politico plan to seek emergency federal relief restoring White House access, arguing Trump revoked press credentials without notice and retaliated against protected reporting, while the president says he is targeting what he calls fake news.
GM is restoring Apple CarPlay and Android Auto after customer and dealer resistance threatened sales, while a new split view dashboard preserves the automaker’s native applications, access to driver data, and pursuit of subscription revenue.
Bitcoin reclaimed $80,000 as ETF inflows, short covering, and bullish derivatives activity powered a broader crypto advance, while ether, binance, and solana posted even stronger gains over the past month.
Judge George H. Wu questioned whether ending TikTok’s 2019 consent decree would provide a durable remedy, potentially disrupting a proposed $400 million settlement tied to allegations that the company failed to protect children’s online privacy.
Utility bills rose 5.3% year over year in August, surpassing broader energy inflation as grid investment, industrial demand, and data center construction added pressure. Warmer winter weather may provide temporary relief, but Bank of America expects elevated costs to persist.
Gold and silver sank as surging oil prices, stubborn inflation and Treasury yields approaching 5% strengthened expectations for a Federal Reserve rate increase, overpowering safe haven demand generated by escalating uncertainty in the Middle East.
Warnings from OpenAI and Anthropic leaders jolted the AI trade, sending SanDisk down 5% and Nvidia down 3% in premarket trading as executives raised fears about lost control, concentrated power, and development moving faster than safety measures.
Bank of America shares slid 5% after CEO Brian Moynihan forecast a greater than 10% drop in third quarter investment banking fees, marking a dramatic slowdown from the bank’s blockbuster second quarter performance.
The 10 year Treasury yield briefly crossed 5% as investors weighed persistent inflation, enormous debt issuance and a 90% probability of a Federal Reserve rate increase, while stocks continued to show resilience despite mounting pressure in the bond market.