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US Senate Push for DeFi Restrictions Raises Fears of Crypto Market Slowdown
A leaked draft from the US Senate Banking Committee Democrats outlines an aggressive approach to decentralized finance (DeFi), proposing that any person or firm “designing, deploying, operating or profiting from a DeFi front-end” be regulated as a broker and register with the SEC or CFTC.Bitcoinist
Sat, Oct 11
Trump's 100% China Tariffs Trigger Crypto Carnage, Digital Assets Nosedive
TradingKey - Friday, US President Trump announced 100% tariffs on Chinese goods, triggering a historic sell-off in crypto assets as the global cryptocurrency market cap plummeted 10.27% within 24 hours, falling below the $4 trillion mark.
VIX Surges 32% on Trump’s Threat — Here’s What It Really Means for Investors
TradingKey - The sudden resurgence of the U.S.-China trade war, dormant for six months, caught financial markets off guard. On Friday, October 10, the CBOE Volatility Index (VIX) — a key gauge of expected S&P 500 volatility — soared 31.83% to 21.66, its highest level since early August.
TradingKey
Sat, Oct 11
Trump threatens China with export controls on Boeing parts
Once big, Chinese orders are now a small part of Boeing's backlogFinancial effect of a ban would likely be relatively small for BoeingBoeing, China had reportedly been in talks for 500-jet dealBy Dan Catchpole and Steve Holland WASHINGTON, Oct 10 (Reuters) - The United States could impose exp...Reuters
Sat, Oct 11
What Drove the October 10 Sell-Off in U.S. Stocks? Why Wall Street Isn’t Panicking?
TradingKey - On Friday, October 10, U.S. stocks plunged amid a sudden escalation in U.S.-China trade tensions, echoing the sell-off seen in April. The S&P 500 dropped 2.71% — its largest single-day decline in six months — as investors reacted to renewed fears of a full-blown trade war.
White House lays off thousands of US government workers, blaming shutdown
WASHINGTON, Oct 10 (Reuters) - President Donald Trump on Friday blamed Democrats for his decision to lay off thousands of workers across the U.S. government as he followed through on his threat to cut the federal workforce during the government shutdown.Reuters
Sat, Oct 11
First Brands CEO James weighs resigning, FT reports
Oct 10 (Reuters) - First Brands Chief Executive Patrick James may step down from the bankrupt car parts maker as lenders push for his removal in the face of mounting losses on billions of dollars in debt, the Financial Times reported on Friday, citing people familiar with the matter.Reuters
Sat, Oct 11
Gold surges near $4,000 as US–China trade tensions ignite haven demand
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid.
Fxstreet
Sat, Oct 11
Trump announces additional tariffs on China, to begin November 1
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China.Fxstreet
Sat, Oct 11
Bitcoin drops to $109,444, its lowest level since February, after Trump’s new China tariff threat
Bitcoin continues falling off a cliff on Friday, collapsing to $109,444, its lowest level since February, after President Donald Trump announced the U.S. will hit China with 100% tariffs starting November 1.Cryptopolitan
Sat, Oct 11
Trump, AstraZeneca announce US drug pricing deal at White House
WASHINGTON, Oct 10 (Reuters) - President Donald Trump unveiled a deal with UK-based drugmaker AstraZeneca AZN.L on Friday under which the company will sell some medicines at a discount to the government's Medicaid health plan in exchange for tariff relief...Reuters
Sat, Oct 11
MIT refuses to accept White House terms for funding, other schools still mulling
Oct 10 (Reuters) - Massachusetts Institute of Technology President Sally Kornbluth on Friday said she "cannot support" a memo that the White House sent to nine elite U.S. universities last week detailing policies they should follow to get preferential consideration for federal funding.Reuters
Sat, Oct 11
Travel tech firm Navan eyes $6.45 billion valuation in US IPO
Oct 10 (Reuters) - Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to $6.45 billion in its U.S. initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite the U.S. government shutdown.Reuters
Sat, Oct 11
WRAPUP 12-Gazans trek to ruined homes as Israeli forces pull back under ceasefire
LATEST DEVELOPMENTS:Gazans' joy tempered by shock as they eye remnants of homesTrump plans summit on Gaza during Egypt visit, Axios reportsHamas rejects any 'foreign guardianship' over GazaNext phase of plan envisages an international Board of PeaceBy Alexander Cornwell and Nidal al-Mugh...Reuters
Fri, Oct 10
Back to the future as France's Macron reappoints Lecornu as PM
Macron reappoints last PM to resolve political crisisHard left and far right angered by choiceCrisis denting economic growth, central bank chief warnsBy Elizabeth Pineau PARIS, Oct 10 (Reuters) - French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Frida...Reuters
Fri, Oct 10
Trump's fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
STOXX 600 down 1.2%Jyske Bank up after FY guidance hike ArcelorMittal down after GS downgrade Trump threatens 'massive increase' in China tariffsBy Amir Orusov and Pranav Kashyap Oct 10 (Reuters) - European shares tanked on Friday, erasing weekly gains in a last-minute slide as renewed t...Reuters
Fri, Oct 10
Canada posts surprise jump in job gains in September, unemployment rate unchanged
Canada's economy adds a net 60,400 jobs in SeptemberUnemployment rate unchanged at multi-year high of 7.1%Avg hourly wage of permanent employees up 3.6% annuallyBy Promit MukherjeeOTTAWA, Oct 10 (Reuters) - Canada's economy posted a surprise 60,400 net job gains in September, almost entirely...Reuters
Fri, Oct 10
