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9/11
00:15
OpenAI CFO Sarah Friar stated in a podcast interview on September 10 that as AI progresses from mere "reasoning" to "autonomous action," and as "intelligence" increasingly becomes a commodity, "judgment" will emerge as the most scarce core asset for humans and businesses in the future. She emphasized that AI cannot replace how humans interact with each other and the judgments they make.
00:14
OpenAI CFO Sarah Friar stated in a podcast interview on September 10 that AI is iterating at an extremely rapid pace, evolving from ChatGPT's "question and answer" in 2022 to "deep thinking" by the end of 2024. She anticipates that AI will officially enter the "Agentic" stage by 2025, at which point over a billion people will experience AI's ability to directly execute tasks from a given request. She also noted that AI is substantially boosting corporate profits, citing examples such as Cisco's developer efficiency improving by 3 to 10 times, and 120,000 employees at a top global bank saving several hours per week.
9/10
23:58
Jeffrey Gundlach, CEO and CIO of DoubleLine Capital, expressed skepticism about the Federal Reserve raising interest rates next week during his latest webcast. He anticipates a significant rise in long-term rates if the Fed holds steady. Gundlach also noted the striking similarities between current inflation trends and those of the 1970s, highlighted that credit spreads for AI-related corporate bonds have nearly doubled, and described U.S. equity valuations as "as expensive as a hotel mini-bar—there are no bargains."
23:49
China has warned the Philippines to stop "theatrics" after Philippine Defense Secretary Gilberto Teodoro Jr. publicly rebutted China's stance on the 2016 South China Sea arbitration ruling at the Seoul Defense Dialogue on Tuesday. Teodoro accused Beijing of "coercion, bullying and aggression" in the South China Sea. Chinese foreign ministry spokesperson Mao Ning on Wednesday urged the Philippine official to cease provocations. Hu Xijin, a prominent Chinese commentator, stated on Thursday that Teodoro's actions were "an outright breach of diplomatic bottom line." Analysts view the verbal spat as a sign of already high tensions, potentially leading to increased nationalist rhetoric from Beijing, but not an immediate military escalation.
23:40
Taiwan's Presidential Office announced that Vice President Hsiao Bi-khim is on a rare visit to Europe, attending the Ventotene Conference on Freedom and Democracy in Italy alongside Foreign Minister Lin Chia-lung. European Parliament Vice President Picerno noted that Hsiao's itinerary was kept confidential until her arrival to protect her participation.
23:17
Yuen Kee Food Group, owner of the Yuen Kee Dumpling brand, has cleared its listing hearing with the Hong Kong Exchanges and Clearing (HKEX), marking its initial public offering (IPO) plan entering its final stage. The company aims to raise between HK$300 million (US$38.3 million) and HK$400 million (US$51 million), with plans to kick off the offering in October, according to sources familiar with the matter.
23:10
Apple's new CEO, John Ternus, publicly articulated his product philosophy for the first time after the iPhone launch event on September 11. He stated that Apple's innovation has never ceased, with AI being the biggest driving force currently, and expressed "immense excitement" for the future product roadmap. Ternus emphasized that technological aesthetics outweigh conceptual marketing, and Apple does not pursue being first to market but rather "defining the endgame." Taking the iPhone Duo foldable phone as an example, he pointed out that Apple chooses to enter a product category only after the market matures, ensuring that hinge durability, slimness, and system-level interaction reach industrial-grade maturity. He also reiterated the unwavering strategic position of the iPhone as a "personal hub" and stressed that privacy protection is Apple's primary design principle when entering new markets, ensuring user data security through hardware architecture.
23:02
Fund managers re-entering South Korean memory makers' stocks received a fresh warning after DeepSeek's new artificial intelligence model cast uncertainty on the strength of demand for memory chips.
23:02
Binance founder Changpeng Zhao (CZ) retweeted 0xAA_Science's post, recommending entrepreneurs to participate in YziLabs' Easy Residency S5 program. The program will be held in Thailand, with main tracks including blockchain, artificial intelligence (AI), and bio (BIO) technology. 0xAA_Science previously participated in the S4 program in Bhutan representing his project xAPI and reported a positive experience.
22:59
The Securities and Exchange Commission announced today that NASD Regulation Inc. censured and fined 21 securities firms a total of $325,000 for violating Rule G-36 of the Municipal Securities Rulemaking Board. Concurrently, the Comptroller of the Currency also sanctioned related parties.
22:53
Wallstreetcn analysis indicates that the US bond market is flashing continuous warnings, with the 10-year Treasury yield approaching the critical 5% mark. Rising oil prices are fueling inflation expectations, and the VIX index has seen a significant jump this week. The market's most feared "nightmare scenario" is gradually moving from hypothetical to reality.

The 10-year Treasury yield has broken through the 4.8% resistance level and is moving towards the critical psychological threshold of 5%. If it firmly holds above 5%, it will exit its multi-year trading range. The explosive rise in oil prices has led to market discussions about the possibility of hitting $120, with agricultural product prices also rising, exacerbating inflationary pressures. The VIX index has risen significantly this week, and the options market is aggressively re-evaluating the pricing of downside tail risk, leading to a surge in demand for low-Delta protection. Goldman Sachs analyst models show that the current technical deterioration is consistent with a VIX level near 25, while the VIX is currently still around 18, suggesting further room for volatility to increase. The resilience of tech stocks and the accumulation of short positions provide a hedging force, with Nasdaq short positions increasing by approximately 35% since mid-June, and institutional investors generally maintaining a cautious wait-and-see approach.
22:48
Japan’s government bonds slumped on Friday, tracking a selloff in the US bond market after escalating Middle East tensions drove up oil prices.
22:34
An arm of Hitachi Ltd. is among suitors bidding for part of Swarco, the traffic solutions provider owned by members of Austria’s Swarovski family, people familiar with the matter said.
22:26
On Friday, Brent crude briefly climbed to nearly $110/barrel during U.S. trading hours, and WTI crude further rose to $103.05/barrel, both reaching their highest settlement prices since May 19 this year. Simultaneously, the U.S. August Producer Price Index (PPI) increased by 0.4% month-over-month and 5.4% year-over-year, marking the largest single-month increase since May this year. Impacted by this, market expectations for a Federal Reserve rate hike intensified, with the interest rate swap market pricing in an approximately 70% probability of a Fed hike next week.

Asian markets experienced a sell-off in both stocks and bonds. Asia-Pacific equities fell across the board in early trading, with the MSCI Asia Pacific Index dropping 1.3%. Among them, the Nikkei 225 index's decline widened to 3% at one point, and the Kospi index fell 2.7%. The bond market also faced pressure, with Japan's 10-year government bond yield rising 5.8 basis points to 2.981% and the 20-year yield increasing 5.5 basis points to 3.805%. Australia's three-year government bond yield jumped by as much as 20 basis points in a single day to 5.05%, reaching a multi-year high.

Earlier on Thursday, the first expanded U.S. Treasury buyback operation, led by U.S. Treasury Secretary Scott Bessent, was smaller than investor expectations, causing the U.S. Treasury yield curve to rise across the board. The U.S. 10-year government bond yield touched 4.97%, its highest level since October 2023. European Central Bank President Lagarde also sent hawkish signals, stating that inflation risks in the Eurozone would persist until 2027. The market is currently focused on the U.S. August CPI data, which will be released on Friday.
22:03
White House National Economic Council Director Kevin Hassett's previously unreported 2025 annual financial disclosure lists the investment as vested Coinbase shares. Hassett, who advised Coinbase from 2021 until January 2025 before joining the White House, stated he recused himself from crypto matters while ethics officials addressed his investment. The White House confirmed his recusal continues. The holdings raise questions from ethics experts about potential conflicts of interest, as the Trump administration rapidly rewrote federal cryptocurrency policy, including establishing a President's Working Group on Digital Asset Markets within the NEC, which Hassett's office was involved in.

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