π¨ Japan's Prime Minister Katayama and Bessent have reiterated that the weak yen against the dollar is a concern, according to Kyodo News.
π Ethena's value surged by 16% following its partnership with Binance. The collaboration has sparked increased interest and trading activity, driving the token's price upward. Investors are optimistic about the potential benefits this alliance may bring to the platform. For more details, visit the official site.
π€ Tesla produced several hundred humanoid robots, known as Optimus, in August. However, the company is currently facing challenges in scaling up production, according to The Information. Despite these hurdles, TSLA shares saw a 1% increase.
πΊπΈπ¨π³ The US Ambassador to China announced the establishment of a crisis mechanism with China regarding issues related to AI, according to FOX News.
π¨ Tether has blocked the wallet of a hacker responsible for breaching the Bitget exchange. The incident has resulted in an estimated loss of around $350 million.
π¨ Upcoming Events
πΊπΈ USA - Michigan Consumer Sentiment (Sept) - 17:00 MSK
πΊπΈ USA - Consumer Inflation Expectations (Sept) - 17:00 MSK
πΊπΈ USA - Michigan Consumer Sentiment (Sept) - 17:00 MSK
πΊπΈ USA - Consumer Inflation Expectations (Sept) - 17:00 MSK
π¨πΊπΈ The United States has released key economic indicators. The Michigan Consumer Sentiment for September stands at 48.1, surpassing expectations of 47.8 but lower than the previous 51.7. Additionally, one-year consumer inflation expectations for August rose to 4.6%, up from 4%. Meanwhile, five-year consumer inflation expectations also increased to 3.4%, compared to the previous 3.3%.
ππ The era of affordable smartphones is coming to an end as the cost of RAM continues to rise exponentially. This trend forces gadget manufacturers to abandon budget models, impacting residents of developing countries the hardest. Previously, these individuals had to save three to four weeks for the simplest smartphone, but it is now becoming a luxury beyond reach. Other tech, including personal computers, is also set to increase in price, with RAM kits already costing more than graphics cards.
β Gorelkin
β Gorelkin
β οΈπΊπΈ Schmid from the Federal Reserve has stated that the Fed has not yet resolved the issue of inflation. For more information, visit the Federal Reserve website.
β οΈπΊπΈ Schmid from the Federal Reserve expressed concerns over the United States' debt, stating it appears excessive.
β οΈπ¨π³πΊπΈ Major Chinese business CEOs were notably absent from the state dinner between Trump and Xi at the White House, highlighting the deteriorating US-China relations, according to a report by the New York Times. For further details, please visit NYT. Additionally, US Trade Representative Greer has promised to provide more information on Monday.
β οΈπΊπΈ U.S. government bonds are experiencing a significant decline, particularly in "long-term" bonds, which the U.S. Treasury is actively purchasing. The yields continue to rise, with the U.S. 30-year bond yield surpassing 5.5% for the first time since 2004. Additionally, the U.S. 10-year Treasury yield has reached 5.23%, marking its highest level since 2007.
π₯π¨π³πΊπΈ Trump announced significant achievements during meetings with China, emphasizing benefits for both nations. Chinese President Xi Jinping declared his recent trip to the U.S. a great success, expressing optimism for a bright future in U.S.-China relations. He mentioned that two more meetings with Trump are scheduled and confirmed his intention to welcome Trump in China. For further details, visit here.
πΊπΈπ¨π³π·πΊ Trump has announced that he will attend the APEC summit in China this November. Meanwhile, Putin has also confirmed his readiness to participate in the APEC summit in Shenzhen. Previously, the Russian Foreign Ministry suggested a possible meeting between Putin, Trump, and Xi Jinping in China. The APEC summit is scheduled for November 18-19 in Shenzhen.
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β οΈπΊπ¦πΊπΈ Experts suggest that Donald Trump's gesture following his handshake with Volodymyr Zelensky is a Masonic protection against the evil eye ahead of the midterm elections.