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SEC dropped crypto cases to avoid credibility issues
Mark Uyeda, former acting SEC chair, says the agency dropped civil cases against crypto firms to align with planned policy changes, citing concerns over credibility in court.
Global Industrial Raises Growth Plans at Small-Cap Virtual Conference
CEO Anesa Chaibi outlines strategic shifts, including digital expansion and private-label expansion, amid revenue growth of 8.4% in H1 2026 and a 34% Canadian sales surge.
Neovolta Q4 2026 Miss Drives Stock Drop Amid Strategic Shift
Neovolta’s earnings miss sparks after-hours decline as revenue and losses fall short of expectations, despite a strategic pivot toward commercial energy storage.
Tesoro Minerals Raises C$1 Million via Private Placement for Peru Properties
The junior explorer issued 10 million shares at C$0.10 each to fund fieldwork and data compilation at its Rumichaca and Cerro Macho projects in Peru.
Binance's $100M Circle Stake Boosts USDC Challenge to Tether
Circle and Binance expand partnership with a five-year deal and equity investment, aiming to grow USDC in emerging markets where Tether remains entrenched.
MGM Resorts Ends People Takeover Bid, Focuses on Core Operations
MGM Resorts International announced it has withdrawn its pending takeover bid by People Incorporated, preserving its standalone status amid ongoing negotiations.
US 10-Year Treasury Yield Hits 5.04% Amid Fed Rate Hike Concerns
The yield on the benchmark 10-year U.S. Treasury note reached 5.04%, its highest level since July 2007, as markets priced in higher borrowing costs ahead of the Federal Reserve's policy decision on Wednesday.
AMC Entertainment Raises $3.97B in Notes, Loans to Fund Debt Redemptions
The company priced $2 billion in 8.875% first-lien notes due 2031 and secured $850 million in term loans to cover debt obligations, including Muvico’s 2029 notes and Odeon’s term loans.
TotalEnergies, AMNI Greenlight Ima Gas Field Offshore Nigeria for 2028 Startup
TotalEnergies and Nigerian partner AMNI have approved the final investment decision for the Ima gas field, targeting 350 MMcfd to boost Nigeria LNG’s Train 7 expansion to 30 Mtpa.
Bitcoin drops 1.7% as Treasury yields rise, ETF inflows hit record
Bitcoin fell nearly 2% on Wednesday, extending a pullback after a 7% Monday rally, as rising U.S. Treasury yields and geopolitical tensions weighed on risk assets.
Bitcoin Holds Near $84,000 as Treasury Yields Counter Regulatory Gains
Bitcoin traded around $83,981 as the 10-year Treasury yield surged past 5.2%, its highest since 2007, offsetting strong ETF inflows and incremental regulatory developments.
Swiss Parliament Approves 90% CET1 Capital Rule for UBS Foreign Units
Swiss lawmakers back stricter capital requirements for UBS, requiring 90% CET1 backing for foreign subsidiaries, raising $18 billion in additional capital needs.
Bitget hacker moves $83 million of stolen XRP; Ripple unable to freeze tokens
The attacker behind Bitget's $388 million breach transferred about $83 million in XRP from three wallets, leaving $75 million in accounts that cannot be frozen under the XRP Ledger. Ripple cannot block the tokens, while Circle and Tether have frozen $320,000 in related stablecoins.
U.S.-China trade truce extended to January, with rare earths focus
Treasury Secretary Scott Bessent confirmed a two-month extension of a trade truce, pushing its expiration to January 10, amid Xi Jinping’s state visit to Washington.
Gold Prices Stabilize Amid Oil Price Surge and Strong U.S. Economic Data
Spot gold fell by 0.3% to $4,275.09 an ounce, while gold futures declined by 0.2% to $4,310.60 an ounce. The Federal Reserve's rate hike bets have increased following strong U.S. economic data.
Meta bets big on AI glasses and personal agents at Connect 2026
Meta unveiled Ray-Ban Meta Gen 3 glasses, $1,299 VR Glasses, and its Muse personal AI agent at Connect 2026, signaling a push into consumer AI hardware.
Oil rebounds on Iran tensions; Asian energy stocks rise as Brent climbs 3.9%
Brent crude surged 3.9% to $103.08 after Iran’s president signaled defiance amid U.S. threats, while Asian energy stocks led gains as geopolitical risks boosted commodity prices.
Kuehne+Nagel projects double‑digit AI data‑center logistics growth to 2029
The Swiss logistics firm expects its technology and data‑center services to expand at double‑digit rates through 2029, driven by a new seven‑year deal with Amazon and demand from major cloud operators.
Meta unveils Muse Charm, a handheld AI device slated for holiday 2026 release
The device, resembling a Tamagotchi, features a 2‑inch OLED screen, 5G connectivity and a fingerprint sensor, and is designed to work with Meta’s Muse AI assistant. Meta plans to sell the Muse Charm before the end of 2026, targeting the Christmas shopping season.
Fed seeks comment on two stablecoin regulatory proposals under GENIUS Act
The Federal Reserve Board opened a 60‑day comment period on two rulemaking options that would require stablecoin issuers to be fully backed by liquid assets and set an application process for banks wishing to issue payment stablecoins.
Japan Raises Rates, Joins U.S. in $34B Yen Intervention
Bank of Japan hikes policy rate while Tokyo and Washington coordinate a $34-36 billion FX operation to halt yen depreciation against the dollar.
Super El Nino Could Cut Asian LNG Imports Less Than 1 BCFD, Bernstein Says
A forecast super El Niño in 2026–27 may reduce Asian LNG demand by under 1 billion cubic feet per day, Bernstein analysts say, with structural factors likely dominating price drivers.
Soul Patts H2 2026 Profit Surges 502% as Shares Rise
Soul Patts reported a 502% increase in statutory net profit after tax for the 12-month period ending July 31, 2026, driven by the AUD 15 billion Brickworks merger. Shares rose 7.14% to AUD 48.76.
CVS Group reports 5.9% revenue rise as shares fall 5.7%
The UK veterinary services firm posted 5.9% higher revenue and 5.1% higher adjusted EBITDA for FY2026, but its stock slipped to £1,228, down 5.67% on the day.