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News
Trump Says He’ll Give Every US Adult $5,000 if Republicans Win Midterms
4+ day, 3+ hour ago (278+ words) President Donald Trump said he would give every adult in the US $5,000 if Republicans win the November midterm elections. But the proposal appears unlikely to be implemented because of questions about its legal basis. Trump made the pledge in a…...
US IPO Market Enters Year-End Rush as AI Firms Including Anthropic Ready Listings
4+ day, 13+ hour ago (259+ words) The US initial public offering market is entering its year-end stretch, with artificial intelligence companies including Anthropic preparing for stock market debuts. Bloomberg reported on September 9 that, with the Labor Day holiday and summer vacation season over, activity is picking…...
China-Linked Meme Coin Niulai Jumps 40% on Binance Listing Announcement
5+ day, 2+ hour ago (124+ words) China-linked meme coin Niulai jumped about 40% on news that it will be listed on global cryptocurrency exchange Binance. BlockBeats reported on September 9 that Niulai’s market capitalization surged to a record $147 million immediately after Binance announced the listing. That marked a…...
Plop CEO Arthur Hayes Says Platform to Launch KOL Referral Program
5+ day, 5+ hour ago (157+ words) AI agent payment network **Plop** said it will introduce a **KOL referral program**. Plop said it plans to track the **amount of support** generated through **KOL referrals** and **network usage**, and reflect both in the **leaderboard**. Users who **create a…...
Samsung, SK Hynix Edge Higher on US Chip Rally as Oil Surge Limits Gains
5+ day, 13+ hour ago (246+ words) Samsung Electronics Co. and SK Hynix Inc. posted modest early gains on Sept. 9, as strength in U.S. semiconductor shares supported sentiment, though a jump in international oil prices capped the advance. As of 9:11 a.m., Samsung Electronics was trading 0.19% higher than the previous…...
Bessent Says Expanded Treasury Buybacks Aimed to Cool Yield Surge; Next Purchase Size in Focus
5+ day, 14+ hour ago (350+ words) Treasury Secretary Scott Bessent said the U.S. Treasury’s surprise decision last month to expand buybacks of long-term Treasuries was meant to calm an excessive rise in yields and return the market to balance. Bloomberg reported on September 8 that Bessent, speaking at…...
US Service-Sector Cost Gauge Rises Again, Signaling Stronger Inflation Pressure
5+ day, 19+ hour ago (103+ words) bloomingbit The Institute for Supply Management's services prices index, a gauge of cost burdens in the US service sector, has risen again, stoking concern about a renewed buildup in inflation pressure Cointelegraph, a digital-asset media outlet, reported on September 8 that…...
Fed Seen Having 52% Chance of 25-Basis-Point September Rate Hike, Ahead of Hold
6+ day, 20+ hour ago (159+ words) Walter Bloomberg reported, citing prediction market **Kalshi**, that the probability of a Fed **25-basis-point hike** in September was **52%**. The same gauge put the probability of a **rate hold** at **48%**. Upcoming **inflation data** will be a key factor in the **rate…...
Franklin Templeton Digital Assets SVP Chetan Karkhanis to Speak at LONGITUDE: Singapore
6+ day, 21+ hour ago (75+ words) Chetan Karkhanis, senior vice president at Franklin Templeton **Digital Assets**, will speak at LONGITUDE: Singapore. He leads Franklin Templeton **Digital Assets**' **digital-asset** client business in the Asia-Pacific region. He is driving innovative distribution models for **digital assets** and technology-based **investment…...
Copper Hits Record High of $14,533 a Ton
6+ day, 22+ hour ago (167+ words) Copper prices rose to a record high, reaching **$14,533 a ton**. Copper prices have **risen 17% over the past year**, with demand from **data centers**, **renewable energy** and **power grids** increasing as mine supply remains tight. The possibility of **U.S. tariffs on refined…...