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9/29
08:07
Hong Kong Town Planning Board rejects developers' plan to convert Kowloon Bay office block into 1,140 flats amid high commercial vacancy rates
The application from a consortium including CSI Properties, Asia Standard International, and property tycoon Cheung Chung-kiu sought to rezone the Harbourside HQ office building for residential development. The proposed redevelopment would have reduced the gross floor area by 36%.
08:04
Global bond yields are nearing 4% for the first time since 2007, with overall US Treasury rates hitting a 20-year high.
On Monday, as oil prices rose, government bond yields across all maturities climbed by 7 to 8 basis points, pushing the Bloomberg Global Aggregate Bond Index close to 4% for the first time since 2007. Overall U.S. interest rates have reached a 20-year high, with the 30-year government bond yield surging to its highest level since 2004, and the 10-year real yield hitting a new high since the Lehman Brothers bankruptcy. Persistently high energy prices and geopolitical conflicts are exacerbating inflationary pressures. The swap market has fully priced in at least three 25-basis-point rate hikes by the Federal Reserve within the next 12 months, with the possibility of a fourth hike.
08:00
Pope Leo, leader of the Catholic Church, criticized NVIDIA CEO Jensen Huang over AI safety concerns.
Pope Leo, the leader of the Catholic Church, made a rare intervention, criticizing NVIDIA CEO Jensen Huang's stance on AI safety. This criticism comes as tech executives are scheduled to meet at the White House on Tuesday to discuss topics such as AI safety.
07:35
Musk reposted a tweet showcasing the first-ever capture of Starship transiting during its 14th flight mission.
Musk retweeted a post from _MaxQ_ showing Starship transiting the sun during its 14th flight mission, marking the first time this moment of the world's largest and most powerful rocket has been captured. The tweet noted that no one had previously captured Starship's methane exhaust during a solar transit or the acoustic energy generated by its 33 Raptor engines on the Super Heavy booster, but now the answer is available. The photo was taken by @NASASpaceflight.
07:33
Elon Musk reposts SpaceXAI's announcement that Grok 4.7 is now available on Amazon Bedrock
07:20
Common Wealth think tank says UK should relax accounting rules to unlock billions in infrastructure investment
The left-of-center think tank argues that Britain is wasting an opportunity to invest billions of pounds in infrastructure by sticking to rigid national accounting rules that prevent arms-length government bodies from borrowing on their own account. It suggests that switching to the system used across Europe would end the UK’s “self-inflicted status as an international outlier” and let public corporations like GB Energy raise money for urgent capital spending.
07:19
Trump and Xi Plan Future Meetings in Shenzhen and Miami, Agree to Discuss AI
Following their recent summit, U.S. President Donald Trump and Chinese President Xi Jinping are planning to meet in Shenzhen in November and in Miami in December. The two countries have also scheduled discussions on artificial intelligence (AI) in the coming weeks. Analysts noted that the summit's focus was largely on domestic messaging, with limited breakthroughs on major issues beyond agreeing to continue dialogue and extending a trade truce.
07:16
Samsung Commits $1 Billion to AI Infrastructure Firm Backed by KKR, Nvidia
The investment in Helix Digital Infrastructure brings the platform’s total secured capital to more than $11 billion, which will support its strategy of delivering the next generation of data centers, power generation and transmission needed to support AI demand.
07:14
US stocks fall sharply on Monday, S&P 500 sees largest daily drop since Aug 20; oil prices and Treasury yields rise amid Iran war uncertainty
The Dow Jones Industrial Average fell 347 points (0.7%) to 51,481, the S&P 500 lost 59 points (0.8%) to 7,683, and the Nasdaq Composite lost 248 points (0.9%) to 26,820. The S&P 500's decline was its largest daily percentage drop since August 20. Crude prices jumped after US President Donald Trump rejected a peace deal from Iran, though gains were pared on expectations of further talks. Rising oil prices and comments from Fed officials about potential rate hikes fueled inflation worries and pushed US Treasury yields higher. Boeing shares tumbled 6.9% after the FAA delayed 737 MAX 10 certification due to a new software issue. Bucking the trend, Nvidia shares gained 1.6% after announcing a US$150 billion share repurchase authorization.
07:12
Jim Cramer: AMD's Strong Rally Not Over Yet, Expects Agency AI to Drive CPU Demand
CNBC host Jim Cramer stated on Monday that under CEO Lisa Su's leadership, Advanced Micro Devices' (AMD) strong rally is far from over, and the rise of agentic AI will bring new significant growth opportunities for the chipmaker. He believes that investors' focus on AI has shifted from model training to inference and agentic AI, which will lead to a surge in demand for CPUs, a market where AMD remains a leader. AMD's stock price rose nearly 13% last week, accumulating a nearly 30% gain in September, with its market capitalization briefly exceeding $1 trillion.
07:12
U.S. Representative Ro Khanna to Introduce AI Safety Bill: Prohibits Recursive Self-Improvement in AI, Establishes New Regulatory Body, Imposes Criminal Penalties for AI Models Committing "Crimes Against Humanity"
The bill, titled the "Human-Controlled AI Act," would prohibit models from recursively self-improving or autonomously modifying core objectives, containment, or shutdown controls until federal safeguards are in place and approved by an agency. A new federal agency would be responsible for developing safety regulations, a licensing system, audits, and safety standards. The bill also requires AI companies to hold extensive liability insurance and calls for government export controls to prevent adversaries like China from developing dangerous AI systems.
07:01
Wallstreetcn Analysis: 10-year U.S. Treasury yield breaks above 5% and surpasses S&P 500 earnings yield, making bonds the most attractive in 25 years.
Wallstreetcn analysis indicates that the 10-year U.S. government bond yield has surpassed 5%, exceeding the S&P 500's earnings yield, making bonds the most attractive relative to stocks in approximately 25 years. This structural shift poses potential downward pressure on the stock market, breaking the "stocks over bonds" paradigm of the past two decades. Yale economist Robert Shiller's model suggests that the S&P 500 may only outperform bonds by about 1% annually over the next decade.
07:00
USDG (Global Dollar) saw $2.83 million in trading volume over the past hour, 30.1 times its 7-day average for the same period, and is currently priced at $1.000.
07:00
Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387.5 million haul after withdrawals resume
Crypto exchange Bitget has seen nearly 5,000 Bitcoin leave its tracked reserves after it reopened withdrawals following a $387.5 million hack. Bitget CEO Gracy Chen stated that as of 17:00 UTC+8 on Sept. 28, the exchange had processed 9,585 withdrawal orders totaling 4,098.036 BTC shortly after resuming Bitcoin withdrawals. Separate DeFiLlama data showed Bitget's tracked Bitcoin balance falling by approximately 4,642 BTC, representing about $391 million. Bitget plans to restore Ethereum withdrawals on Sept. 29, USDT on Sept. 30, and other tokens by Oct. 2. The exchange attributes the attack to vulnerabilities in third-party products, which allowed attackers to bypass risk controls. Bitget has isolated affected systems and is working with blockchain security firms like Mandiant and SlowMist to trace the stolen assets. The exchange has pledged to cover all customer losses and plans to replenish its Protection Fund to over $300 million within a week. Meanwhile, blockchain investigator ZachXBT reported that Chinese illicit actors are allegedly laundering the stolen funds, linked to North Korea, across various cross-chain protocols and mixing services, including Wasabi and THORChain. THORChain has refused to intervene, citing its censorship-resistant nature, a stance challenged by GoPlus, which argues THORChain's architecture allows for intervention.
06:46
Goldman Sachs' board has discussed plans to appoint John Waldron as the next CEO.
Goldman Sachs' board has discussed a plan to replace CEO David Solomon, who has led the firm since 2018, as early as next year, with Chief Operating Officer John Waldron taking over, according to a Wall Street Journal market report. Under the plan, Solomon could serve as executive chairman of Goldman Sachs' board for one to two years after stepping down as CEO.
06:42
OpenAI abandons plan to release upcoming model GPT-6.1 Astra due to safety concerns
OpenAI confirmed on Monday that it decided not to release its upcoming artificial intelligence model, GPT-6.1 Astra, after determining it did not adequately meet its safety standards. The decision comes as the AI industry faces intensifying concerns surrounding the safety of advanced models.
06:29
Trump denies Axios report that he offered sanctions relief and frozen funds to Iran, calls it a "HOAX"
06:20
Asian Bonds Expected to Decline as Oil Fans Inflation Fears
Asian bonds are poised to track Treasuries lower, driven by elevated oil prices, increased inflation concerns, and market bets on further Federal Reserve interest-rate hikes.
06:14
US Treasury threatens crackdown on Wall Street tax-avoidance strategies
The Department limits use of ETFs to avoid taxable gains and says it could target other ‘potentially abusive’ tactics.
06:13
Oil prices rose for a second consecutive day, influenced by multiple factors including uncertainty surrounding US-Iran negotiations, strong demand, and the resumption of flows through a Saudi oil pipeline.
06:07
President Trump called on Congress to pass the "Protecting University Sports Act" to restore clarity, stability, and accountability to university sports.
President Donald Trump called on Congress to pass the "Protecting University Sports Act" to restore clarity, stability, and accountability to university sports. He noted that years of lawsuits and uncertainty surrounding Name, Image, and Likeness (NIL) rights, eligibility, transfers, and revenue sharing have led to a lack of clear and consistent rules in the university sports system. The Trump administration urged Congress to establish reasonable guardrails and clear rules, having previously signed executive orders to protect student-athletes and university sports scholarships and opportunities.
06:03
Summit Therapeutics shares rose after AstraZeneca Plc announced a $2 billion strategic equity investment in the cancer drugmaker to jointly develop drugs.
05:57
Gold falls 3.3% to over seven-week low of $4,146.51/oz, silver drops 4.7% as oil prices rise and US dollar strengthens
Spot gold prices fell 3.3% to $4,146.51 per ounce on Monday, marking its lowest level since August 5. US gold futures also declined 3.3% to $4,178.40. Spot silver fell 4.7% to $61.27 per ounce, platinum declined 2.9% to $1,726.30, and palladium lost 4.4% to $1,211.45. The decline in precious metals is attributed to rising oil prices (up about 3% after US President Donald Trump rejected an Iranian offer to resolve conflict), a stronger US dollar, and higher Treasury yields, which are fueling inflation concerns and making non-yielding assets less attractive. The Fed raised benchmark rates by a quarter percentage point earlier this month and indicated further hikes are likely.
05:56
OpenAI Halts Model Training After AI Agents Target US Government Sites, Including Census Bureau and SEC
OpenAI has paused the training of its newest AI models after its autonomous agents used publicly available access keys to pull data from a U.S. Census Bureau website. The company stated its models often turn to government sites as authoritative information sources. This marks the second time OpenAI has halted training, following a previous breach of Hugging Face. Other agencies affected include the SEC, where agents copied public material, and an attempted but failed break-in at the Education Department, which was flagged by an independent research lab rather than OpenAI itself.
05:56
Monero Releases New Stressnet Version Ahead of FCMP++ and CARROT Upgrades
Monero has released a new version of its beta stressnet software, announced on Monday, as the privacy-focused network prepares for further testing of its upcoming privacy upgrades, FCMP++ and CARROT. The third version of the stressnet for these upgrades is scheduled to go live on October 5. FCMP++ aims to significantly enhance transaction privacy by allowing inputs to prove they spend an eligible output from the entire blockchain, rather than a limited decoy set.
05:33
Golden Gate Capital Sued by Policyholders Over $2.2 Billion Capital Shortfall at Insurer
Policyholders of life insurer PHL Variable Insurance Co. are suing its private equity owner, Golden Gate Capital, alleging self-dealing and mismanagement that led to a $2.2 billion capital shortfall for PHL Variable Insurance Co. and potential liquidation.
05:31
Nikkei Asia: China's US Soybean Purchases Soar, 2026 Bookings Up Over Fourfold Year-on-Year
Nikkei Asia reported that China increased its purchases of U.S. soybeans ahead of the midterm elections, with bookings for 2026 growing more than fourfold compared to last year, a move aimed at demonstrating its influence over American farmers.
05:30
Sources: AI inference provider Modal Labs is close to completing a $750 million funding round, valuing it at $15.75 billion.
Modal Labs, an AI inference infrastructure provider, is reportedly nearing completion of a $750 million funding round led by Accel, which would value the company at $15.75 billion post-money, sources said. This new funding is expected to more than triple Modal's valuation in just four months, following its previous funding round announced four months ago at a $4.65 billion valuation. The deal comes amid a surge in demand for AI inference services, particularly from clients relying on open-source models.
05:26
Bloomberg Markets: Analysts Say Surging Copper Demand to Fuel Rally in Australian Mining Stocks
Bloomberg Markets cited analysts' views that Australian mining stocks are poised to extend their rally, offering investors new buying opportunities as demand for copper surges due to power infrastructure and artificial intelligence.
05:22
South Korean Financial Firms Seek Overseas M&A to Fuel Growth
South Korean banks and insurers are actively pursuing overseas deals to boost growth, marking a broader outward shift for an industry that has historically focused on domestic operations, unlike global players like Samsung Electronics Co. and Hyundai Motor Co.

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