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9/8
18:21
Brian Kelly, a former cryptocurrency hedge fund manager, has established Bracket22, a trading firm that operates solely on agentic artificial intelligence. This shift has drastically reduced his annual labor-related costs from approximately $5 million to just $30,000-$40,000, while increasing productivity by at least tenfold. Bracket22 invests Kelly's own capital across cryptocurrencies, stocks, and commodities. The move highlights a growing trend on Wall Street, with major firms like JPMorgan Chase and Morgan Stanley also integrating AI into their operations.
18:12
U.S. President Donald Trump on Monday threatened to block Canadian aircraft manufacturer Bombardier from selling its products in the United States, citing "unfair and unjust" bilateral trade terms, escalating the tariff dispute between the two countries. In response, Canada's retaliatory tariffs on billions of dollars worth of U.S. products took effect on Tuesday.
18:00
Israel announced it will shut down the UK Consulate in occupied East Jerusalem. This decision comes after the UK implemented a new ban on goods originating from illegal Israeli settlements.
17:58
Susquehanna analyst Mehdi Hosseini noted that investments in AI data centers are driving a doubling of chip industry revenue to $1.5 trillion this year, with memory chips being the primary driver. He believes that memory has become the "king" of the semiconductor industry and its dominance will continue.
17:58
International oil prices are nearing $100 after the U.S. military attacked several vessels linked to Iran's Revolutionary Guard in response to a recent missile attack on a U.S. Navy warship.
17:53
Ariza, an organizer of the New York event, notes that annual conversations with investors help explain opportunities across Mexican industries and encourage capital flow into local markets.
17:47
New York's Plattsburgh, one of the first towns in the U.S. to ban Bitcoin mining, is considering another temporary moratorium that would extend to data centers and other crypto mining operations.
17:38
Westwood CEO Brian Casey discussed this on the program. The actively managed ETF aims to capitalize on accelerating electricity demand, combined with an income strategy, and invests in high-growth energy and infrastructure themes.
17:12
Anthropic, the AI company behind Claude, has warned subscribers that hackers are stealing Claude tokens by compromising user session keys, often through infostealer malware. Users reported unauthorized token consumption, with some receiving partial refunds after contacting the company. Anthropic stated the malware does not originate from Claude itself but can be picked up from various online sources.
17:08
Japanese government bond yields near three-decade highs are giving fresh prominence to a long-discussed risk for global investors: the prospect of the nation’s vast pool of overseas capital returning home. Some money managers believe markets are underpricing how quickly this could change as JGBs become increasingly attractive, and even a modest shift could ripple through the yen and global bond markets.
17:07
The funding round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir, comes just four months after Cognition's previous fundraise at a $26 billion valuation. This soaring valuation signals that investors still see room for multiple major players in the AI coding market. Cognition also reported its annualized run-rate revenue has grown from $492 million to $900 million since May.
17:05
LIV Golf has filed for Chapter 11 bankruptcy protection in the U.S.
17:05
The move also responds to the prospect of increased internet connectivity with the anticipated advent of physical artificial intelligence, as manufacturers eye overseas growth.
16:41
Since 2020, India's Unified Payments Interface (UPI) transactions have been exempt from Merchant Discount Rate (MDR), squeezing revenue for banks and payment companies. The Indian government is considering allowing a fee to be charged for transactions routed through UPI to build a sustainable business model.
16:41
The Reserve Bank of India (RBI) has proposed a draft regulatory framework addressing risks from expanding AI autonomy, requiring banks to strengthen oversight of AI and machine learning risks through board-approved policies, enhanced internal controls, and comprehensive model inventories. Governor Malhotra and other officials are expected to elaborate on the central bank's stance at the Global Fintech Fest.
16:41
Indian Prime Minister Modi, Finance Minister Sitharaman, and Reserve Bank of India Governor Malhotra, among other officials, will attend the Global Fintech Fest in Mumbai from September 8 to 11. Key topics at the conference include the potential impact of generative AI, tokenization, and quantum technology on the financial system. India's Unified Payments Interface (UPI) processed 24.51 billion transactions worth approximately $315 billion in August, highlighting its digital infrastructure.
16:34
U.S. President Donald Trump has instructed the General Services Administration (GSA) and the Office of the United States Trade Representative (USTR) to remove Canadian-origin products from federal procurement programs unless Canada provides greater market access to U.S. companies and farmers. Trump accused Canada of restricting U.S. businesses from government contracts while benefiting from the U.S. procurement market. The affected GSA procurement programs total over $50 billion annually.
16:32
Dwindling global refinery capacity is threatening to turn what started as a Middle East oil-supply crisis into a more complex global oil headache impacting gasoline, diesel and other fuels. Drone and missile attacks launched by the Iran-backed Houthis on refineries and oil infrastructure in Saudi Arabia have aggravated long-brewing problems with the supply of Middle Eastern oil products. Further refinery constraints in Russia and China have added to the bottleneck of refined products.

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