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9/1
20:52
Donald Trump called the G20 finance ministers' meeting productive and suggested other countries emulate the US by cutting taxes, easing regulations, and increasing oil extraction to boost economic growth.
Donald Trump posted on Truth Social that the G20 Finance Ministers' meeting in Asheville was productive and positive. He thanked Treasury Secretary Scott Bessent for his work and emphasized that the United States is the world's largest and best economy. Trump suggested that other countries should emulate the U.S. by cutting taxes, deregulating, and increasing oil extraction where possible to achieve economic growth.
20:51
U.S. launches new strikes on Iran, Brent crude surges 4.5% to $94.52
The U.S. military completed a new round of strikes against multiple targets in Iran, including air defense, communications, and radar systems, on Tuesday evening ET, in retaliation for recent Iranian attacks on merchant vessels in the Strait of Hormuz and on U.S. forces stationed in Jordan. Previously, Iran had attacked a U.S. military base in Jordan on Monday ET. The Jordanian Armed Forces stated that their air defense systems intercepted 10 of the 13 missiles launched by Iran. Bahrain's Ministry of Interior also issued a potential threat alert early Wednesday local time.

As a result, international benchmark Brent crude oil prices rose 4.5% to $94.52 per barrel on Tuesday, and U.S. West Texas Intermediate crude futures rose about 5% to $90.03 per barrel, both reaching new highs since July 24, and continued to rise during Wednesday's Asian trading session. U.S. President Donald Trump described the strikes as "massive and powerful" on social media and threatened further military action if Iran retaliated.
20:51
ILO Report: Global Youth Unemployment Rate Rises, North America to Reach 9.8% in 2025
The International Labour Organization (ILO) reported in August that global youth unemployment is on the rise, particularly in high-income economies. The report predicts that the youth unemployment rate in North America will increase from 8.3% in 2023 to 9.8% in 2025. In Northern, Southern, and Western Europe, youth unemployment is expected to remain high at 15% in 2025. Sukti Dasgupta, Director of the ILO's Employment, Skills and Sustainable Enterprises Department, stated that while the direct impact of AI on employment remains unclear, the risks should not be underestimated. The report also noted a decline in jobs that traditionally offer entry-level opportunities for young people, such as clerical and administrative positions, manufacturing-related work, and certain technical professions.
20:51
Donald Trump posted in support of data center construction, stating that opponents "want to be backward and poor."
Former U.S. President Donald Trump expressed strong support for data center construction in a post on Truth Social on Monday. He stated that the only reason communities across the U.S. oppose data centers is "because they want to be backward and poor," adding that if people want success, wealth, lower taxes, and jobs everywhere, they should "let data reign." Previously, a data center construction boom in Texas had sparked growing public opposition. A University of Pennsylvania survey showed that in July 2025, 61% of U.S. adults opposed data center construction in their local area, a 12 percentage point increase from February-March of this year. Texas Governor Greg Abbott was consequently forced to shift from a supporter to a critic.
20:51
Dallas Fed Report: Texas AI-exposed job postings have been on a continuous decline since ChatGPT's release in 2022, with an unusually high unemployment rate for recent graduates.
The Federal Reserve Bank of Dallas released a research report on September 1, stating that since the advent of ChatGPT in 2022, the number of job postings for AI-exposed positions in Texas has continuously declined. In the first quarter of 2025, these positions saw an approximately 8% greater decline compared to low-exposure positions. The report emphasized that recent college graduates have been hit hardest, with their unemployment rate rising to "unusually high levels" during the rapid proliferation of generative AI. Researchers Samuel Dodini and Tucker Smith believe this indicates that recent graduates are the first group to experience the impact of generative AI on employment and income. Texas has the largest data center construction capacity in the United States, but large-scale infrastructure investment has not led to growth in white-collar jobs. Instead, AI tools are replacing traditional employment areas for college graduates, such as software development, web design, management, and clerical work.
20:50
China's government bond sales are set to accelerate to boost a sluggish economy, likely prompting the PBOC to inject more liquidity.
20:44
The Nikkei 225 fell 2.2% to 64,742.17 points, dragged down by chip-related stocks amid concerns about war in Iran and rising energy costs.
The Nikkei 225 fell 2.2% in early Wednesday trading to 64,742.17 points. Chip-related stocks such as SoftBank Group, Advantest, and Tokyo Electron led the declines, falling 4.1%, 4.0%, and 4.5% respectively. Ongoing market concerns include the war situation in Iran and rising energy costs. The USD/JPY exchange rate rose to 160.19, up from 159.94 at Tuesday's close in Tokyo.
20:40
Oil prices surged due to the renewed conflict between the US and Iran, putting pressure on global bond markets: 10-year government bond yields in Germany, the UK, Japan, and the US all hit multi-year highs on Tuesday.
Renewed conflict between the US and Iran has driven Brent crude oil up by 4.5% in two days, with a year-to-date increase of 51%. Impacted by this, the 10-year government bond yields for Germany, the UK, and Japan reached their highest levels since 2011, 2008, and 1996, respectively, this Tuesday. The US 10-year government bond yield also climbed to levels rarely seen since the financial crisis. US Treasury Secretary Scott Bessent stated at the G20 summit that high yields are a sign of economic strength, adding that a fiscal consolidation plan might take weeks or even months to materialize.
20:27
Seoul stocks open sharply lower, with KOSPI falling 2.7% to 6,651.07, tracking Wall Street losses amid escalating US-Iran hostilities and rising oil prices.
20:18
The Nikkei 225 index is down 2.17% today, currently at 64,776.88.
20:06
China's tech push fuels fastest profit growth in 4 years for listed companies in H1, with STAR Market surging over fourfold and ChiNext up 33%
20:02
Bybit to Discontinue ICX as Collateral and Lending Asset from Sep 7, 2026
Crypto exchange Bybit announced it will stop supporting ICX as a collateralizable or loanable asset from Sep 7, 2026, 8:00 AM UTC. All borrowing and lending services for ICX, including Borrowing (UTA), Crypto Loans, and Bybit Savings, will be suspended. Users must repay any outstanding ICX liabilities before the deadline to avoid automatic repayment and potential asset losses.
19:57
Financial Times: Apple to pay Tim Cook $47 million to be executive chairman
Apple will pay Tim Cook $47 million to serve as executive chairman, a compensation package that signals a significant role for the former CEO, the Financial Times reported. His successor, John Ternus, will receive $58 million.
19:32
South Korea's August Consumer Price Index (CPI) rose 3.1% year-on-year, driven by increases in fuel and mobile subscription fees.
19:29
Seraphim Launches New ETF to Target Pure-Play Space Investors
The fund offers investors a new way to bet on the space industry, a sector that gained prominence following Elon Musk’s SpaceX IPO.
19:24
SK Hynix's silicon wafer procurement surged by 104% quarter-over-quarter in Q2 2026, significantly outpacing Samsung Electronics, to address AI memory inventory pressure and anticipated price hikes.
SK Hynix's silicon wafer procurement surged by 104% quarter-over-quarter in Q2 2026, significantly outpacing Samsung Electronics, to address AI memory inventory pressure and anticipated price hikes. According to DIGITIMES, this aggressive procurement strategy aims to mitigate future wafer price increases and ensure capacity release in high-bandwidth memory (HBM) and advanced DRAM markets. The company also raised its 1C DRAM expansion plans and intends to invest $4 billion in a next-generation HBM packaging plant in Indiana, USA, to support HBM4 production. Furthermore, SK Hynix has tacitly approved price increases of 3% to 4% from some core equipment suppliers, indicating the deepening reliance of memory giants on the upstream supply chain in the AI-driven capacity arms race.
19:12
US EEOC finds Cisco may have violated civil rights of Muslim and Arab employees amid hostile workplace allegations
The US Equal Employment Opportunity Commission (EEOC) found in June that Cisco may have violated the civil rights of its Middle Eastern and Muslim employees. This follows allegations of a hostile work environment and anti-Arab/anti-Muslim comments on internal messaging platforms, which arose after employees engaged in activism against the company's technology sales to the Israeli military. Employees also alleged retaliation, including the termination of one staffer for their involvement in pro-Palestine efforts. Legal Aid at Work, which filed the complaint, noted this appears to be the first governmental or judicial finding siding with Big Tech workers on corporate accountability regarding sales to Israel.
19:02
The U.S. House of Representatives overwhelmingly passed a temporary spending bill on Tuesday with a vote of 370 to 48, extending federal government funding until December 11 and temporarily averting a shutdown in October.
19:00
United Stables (U) recorded a trading volume of $4.76 million in the past hour, which is 13.6 times its 7-day average for the same period. It is currently trading at $0.9997.
18:53
Donald Trump approved $3.4 million in federal funding for North Dakota to aid in recovery from recent severe storms, high winds, and tornadoes.
18:53
Donald Trump approved $19.9 million in funding for Missouri to aid the state's recovery efforts following recent severe storms, high winds, and flooding.
18:53
Trump Approves $3.4 Million for South Dakota and $1.7 Million for Oglala Sioux Tribe for Severe Storms Relief, Totaling $5.1 Million
18:52
Donald Trump announced the approval of $5 million in aid to Iowa to address recent storms and flooding.
18:44
Oil prices rose for a third consecutive session, as escalating hostilities between the US and Iran intensified concerns about disruptions to energy supplies through the Strait of Hormuz.
18:41
Advisers say fixed income still has a place in a diversified portfolio despite global bond market rout, with over 80% of global bond market now yielding above 4%
Advisers say fixed income still has a place in a diversified portfolio despite global bond market rout, with over 80% of global bond market now yielding above 4%. BlackRock notes that the average yield in a bond portfolio it tracks has more than doubled from five years earlier.
18:12
AI model training startup AfterQuery has reportedly reached a valuation of $3.2 billion in a new funding round, becoming Y Combinator's fastest unicorn, with its valuation increasing more than tenfold since its last funding round.
17:52
Michael Saylor posts on X: "Credit on the ₿itcoin Standard."
17:48
Dell significantly raised its full-year revenue guidance for fiscal year 2027 to $192 billion, with Q2 revenue hitting a record high of $47 billion. Its stock price jumped 10% in after-hours trading due to strong demand for AI servers.
17:37
Crypto-backed PAC Fairshake scales back ad spending in Massachusetts primary
Crypto-backed PAC Fairshake has scaled back its $189,000 ad spending in the Massachusetts primary. This spending was aimed at supporting Representative Jake Auchincloss and marked Fairshake’s latest attempt to influence the 2026 elections with funds from the crypto industry.
17:28
NVIDIA and CrowdStrike Launch AI Cybersecurity System SafeMind to Combat Automated Attacks
NVIDIA founder and CEO Jensen Huang joined CrowdStrike CEO George Kurtz at Fal.Con 2026 to announce CrowdStrike SafeMind, an agentic cybersecurity system. Developed by CrowdStrike's Cyber Superintelligence Lab, SafeMind combines CrowdStrike's models and agentic harnesses with defensive models built on NVIDIA Nemotron, creating a continuous coevolution loop where offensive and defensive AI challenge and improve each other. The system aims to automate defense against the rise of AI-enabled attacks, which CrowdStrike reported increased by 89% in the past year.

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