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10/27
18:43
Former Fed economist states current Fed communication approach is "worst of all possible outcomes" amid debates on rates and transparency. Two key debates are currently underway within the Federal Reserve: one concerning the setting of interest rates, and another regarding the extent to which officials should communicate their future outlook. While Fed Chair Kevin Warsh has opted for less public commentary, his colleagues continue to speak as frequently as they did a year ago. One former Fed economist remarked that this situation "is probably the worst of all possible outcomes."
18:40
France's consumer confidence index fell by 5 points to 80 in October, hitting a 13-year low and falling short of the median forecast of 85, due to multiple shocks including a bond market sell-off and protests escalating into riots, the French statistics agency Insee said on Tuesday. Respondents expressed increased concerns about their financial situation, living standards, and unemployment. The indicator has remained below its long-term average of 100 for five consecutive years.
18:39
He Wei, Vice Chairman of the Standing Committee of the National People's Congress, met with a delegation from the Left Group in the European Parliament led by its Co-President Martin Schirdewan in Beijing on the 27th. The two sides exchanged views on consolidating the positioning of the China-EU partnership, strengthening exchanges between legislative bodies and mutually beneficial cooperation in various fields, and promoting the healthy and stable development of China-EU relations.
18:38
Gree Electric Appliances: Shareholder Jinghai Internet plans to increase its stake in the company through centralized bidding and block trading within 6 months from the disclosure date of the announcement. The increase will be no less than RMB 600 million and no more than RMB 1.2 billion, funded by its own capital and special loans for share increase from financial institutions.
18:38
Investment firm Seawolf Capital announced it is shorting cloud computing company CoreWeave. The firm was founded by three traders known from "The Big Short" book and film. Co-founder Vincent Daniel stated that the short position began with an analysis of CoreWeave's business model. Seawolf Capital noted that CoreWeave leases AI computing power supported by high-end GPUs, but the firm believes the economic life of GPUs may be shorter than that of oil rigs, aircraft, or shipping equipment, and that the supply of competing chip computing power is rapidly increasing.
18:34
Crypto exchange CoinDCX has confirmed a loss of approximately $16 million in USDT, after its CEO, Sumit Gupta, had previously dismissed reports of a new wallet compromise as a "false alarm." CoinDCX first acknowledged unspecified operational losses due to a failed sweeping process on the afternoon of October 22, and then confirmed the specific amount three days later.
18:34
Qatar has called on Iran to stop threatening Gulf states and to open the Strait of Hormuz to facilitate mediation efforts in the Middle East. A spokesperson for Qatar's Ministry of Foreign Affairs stated at a weekly briefing on Tuesday that Iran also needs to demonstrate good faith for mediation efforts to successfully de-escalate tensions in the Middle East.
18:33
GigaDevice announced that as of October 27, 2026, the company had cumulatively repurchased 3.0086 million A-shares, representing 0.43% of its total share capital. The cumulative capital used for the repurchase amounted to 1.115 billion yuan (excluding transaction fees), with a repurchase price range of 271.43 yuan/share to 411.95 yuan/share. Previously, the board of directors and shareholders' meeting of the Chinese company GigaDevice approved a repurchase plan to use no less than 1 billion yuan and no more than 2 billion yuan of its own funds and/or self-raised funds to repurchase shares. The repurchase price would not exceed 750 yuan/share, and all repurchased shares would be canceled to reduce the registered capital.
18:31
Coca-Cola is set to report Q3 earnings before Tuesday's bell, with its stock up about 32% year-to-date and market cap at roughly $398 billion. The company anticipates full-year comparable EPS growth of 9% to 10% and organic revenue increase of about 5%. This comes as rival PepsiCo recently cut its full-year earnings forecast due to lagging demand in its home market, while Coca-Cola secured KFC's U.S. business from Pepsi. In September, Coca-Cola also announced plans to invest $10 billion in U.S. infrastructure through 2030.
18:28
Binance market analyst Maartunn stated that the exchange has listed 227 new futures trading pairs year-to-date in 2026, approaching the historical record of 235 in 2025. Notably, approximately 70% of these new trading pairs are linked to traditional financial assets, including stocks, ETFs, commodities, and foreign exchange markets, rather than cryptocurrencies. Additionally, Binance will remove 12 spot trading pairs at 03:00 UTC on October 30, 2026, and delist multiple cross margin and portfolio margin trading pairs at 06:00 UTC on the same day.
18:27
Ripple has received final approval from the Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank, a federally regulated national trust bank. The bank will be responsible for managing the reserves of its $2.6 billion market cap RLUSD stablecoin and providing digital asset custody services for businesses. This move marks a significant step for crypto companies in the traditional financial sector, despite ongoing controversy surrounding such licenses from some banking groups and politicians.
18:25
Binance, through its Brazilian entity BBrasil, submitted an application for a Virtual Asset Service Provider (SPSAV) license to the Central Bank of Brazil on October 23, aiming to meet the regulatory deadline of October 30 for compliance. According to Blocknews, to comply with local regulations, Binance began restricting 8 services for Brazilian users on October 27, including crypto loans, margin trading, mining pools, and cloud mining. It also delisted 22 tokens such as USDE, USTC, DCR, and XVG. Existing positions for affected products are generally limited to reduction or closure, with new positions prohibited. Binance also plans to complete the migration of Brazilian users to its local payment account structure by October 29.
18:24
United Parcel Service (UPS) on Tuesday reported third-quarter results that exceeded Wall Street expectations and raised its full-year revenue guidance for the second consecutive quarter. The company now anticipates full-year consolidated revenue of approximately $92.6 billion, up from its previous forecast of $91.2 billion, and projects fourth-quarter revenue of $25.7 billion. UPS shares saw a slight increase in premarket trading. For the third quarter ended September 30, UPS reported net income of $1.16 billion, or $1.37 per diluted share; adjusted earnings per share were $1.69. Domestic segment revenue grew by 4.5%; international segment revenue increased by 7.1%; and Supply Chain Solutions segment revenue rose by 18.2%.
18:23
Amnesty International stated that Palestinians "have little reason to expect" positive human rights improvements from the Israeli general election. The organization noted that recent election candidates "shamelessly exploited anti-Palestinian sentiment and even threatened to escalate human rights abuses and crimes in violation of international law to score political points." Erika Guevara Rosas of Amnesty International urged countries with influence over Israel to pressure the new government, calling for an arms embargo on Israel and the suspension of the EU-Israel Association Agreement.
18:21
Sugon announced that its operating revenue for the first three quarters of 2026 reached 12.238 billion yuan, a year-on-year increase of 38.75%; net profit attributable to the parent company was 1.725 billion yuan, a year-on-year increase of 78.51%. In the third quarter alone, operating revenue was 4.773 billion yuan, a year-on-year increase of 60.68%; net profit attributable to the parent company was 753 million yuan, a substantial year-on-year increase of 217.19%. The performance growth was mainly attributed to the favorable demand in the domestic computing power market, increased sales of high-end computers and other IT equipment, and the simultaneous growth in sales of high-margin supporting software.
18:18
Network activity on the XRP Ledger (XRPL) has significantly rebounded, with the number of active accounts increasing by nearly 100% in the past 24 hours. According to XRPScan data, XRPL recorded 30,604 active accounts on October 26, far exceeding its 30-day average of 18,600, indicating a renewed increase in network participation.
18:18
Digital China's revenue for the first three quarters of 2026 reached 136.726 billion yuan, a year-on-year increase of 33.57%. Net profit attributable to the parent company was 780 million yuan, up 16.41% year-on-year. Net profit excluding non-recurring items was 725 million yuan, a year-on-year increase of 10.57%. In the third quarter alone, revenue was 49.807 billion yuan, up 61.82% year-on-year. Net profit attributable to the parent company was 284 million yuan, a year-on-year increase of 16.53%. Net profit excluding non-recurring items was 274 million yuan, up 24.36% year-on-year.
18:17
Guadalupe Taddei, president of Mexico's National Electoral Institute (INE), submitted her resignation to the Chamber of Deputies on October 26. This follows an investigation by Mexico's Federal Audit Office into multiple alleged contract irregularities at the INE, involving conflicts of interest and the handling of public funds. Taddei was accused of awarding multi-million dollar contracts to contractors with whom she had personal ties. Mexican President Claudia Sheinbaum expressed support for the decision on the same day, while denying that Taddei's departure would trigger a crisis for the institution.
18:16
China's Dongtianwei reported revenue of 325 million yuan in the third quarter of 2026, a year-on-year increase of 24.70%. Net profit attributable to the parent company was 73.263 million yuan, up 149.65% year-on-year. Non-recurring net profit was 70.832 million yuan, a year-on-year increase of 146.70%. For the first three quarters of 2026, operating revenue was 826 million yuan, up 29.82% year-on-year. Net profit attributable to the parent company was 160 million yuan, a year-on-year increase of 100.20%. Non-recurring net profit was 157 million yuan, up 99.70% year-on-year.
18:14
German luxury carmaker Porsche reported on Tuesday that its operating profit for the first nine months of 2026 rebounded to 1.74 billion euros, significantly higher than the 40 million euros recorded in the same period last year. This improvement was primarily due to the absence of the 2.7 billion euro strategic restructuring costs incurred in the prior-year period. Meanwhile, the company's revenue decreased by 5.9% to 25.28 billion euros, and vehicle deliveries fell by 16% to 178,532 units. Porsche CFO Jochen Breckner stated that the company has substantially reduced its exposure to the Chinese market, which has lessened the overall business's reliance on this "challenging" market environment. Following the earnings release, Porsche's stock price rose by 2.3%.
18:12
WeRide announced the launch of its global insurance partnership program, with Allianz Insurance Singapore and Ping An Property & Casualty Insurance Company of China becoming the first partners. The program covers WeRide's existing operations in China, Southeast Asia, and the Middle East, and supports services to be launched in more markets, including Europe. All parties will jointly develop customized insurance solutions covering the entire lifecycle of L4 autonomous vehicle operations, including motor vehicle liability insurance, commercial general liability insurance, product liability insurance, and privacy and cybersecurity risk coverage.

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