Global TradFi & Macroeconomics

According to Nasdaq historical data, SanDisk shares closed at $1,299.30 on Friday 16 October 2026, down $95.53 or 6.85% from Thursday's $1,394.83. The decline extends a seven-day selloff that has wiped 23.23% from the 7 October close of $1,692.42. Market concern centers on a misreported

According to Bank of America, September inflation data surprised to the upside on October 14, with the U.S. Consumer Price Index rising 3.7% year-over-year, compared to 3.4% in August. Core CPI, excluding food and energy, reached 2.6%, both remaining above the Fed's 2% target. In response,

According to Iran's Islamic Revolutionary Guard Corps Navy, a second supertanker struck a mine in the Strait of Hormuz on October 17 and exploded in flames, carrying over 2 million barrels of crude oil. The vessel had shut down all navigation and radar systems while attempting to transit the

Pyth Network announced an expansion of its ETF and equity market coverage today, enhancing access to global markets through its official Twitter account. The expansion adds Korean equities with extended-hours access, new 24/7 cryptocurrency feeds, and additional indices across equities and

According to its official announcement today, Pyth Network expanded its ETF and equity market coverage, adding new Korean equities with extended-hours access. The update introduces new 24/7 Pyth Indices across equities and commodities, alongside additional crypto feeds. These enhancements aim to

On-chain analyst Darkfost on Oct. 17 challenged Bloomberg Intelligence Senior Commodity Strategist Mike McGlone's scenario projecting Bitcoin could fall to $10,000. Darkfost argued in a post on X that such an outcome is historically highly unlikely based on Bitcoin's drawdown patterns. The

Anthropic's prospective IPO investors discussed a valuation around $1.5 trillion following the company's October 14 investor day in San Francisco, down from the roughly $2 trillion some had expected for a November share sale, Reuters reported on October 15, 2026, citing current and prospective inves

Bank for International Settlements researchers found that a 0.01 percentage point increase in U.S. bank deposit rates correlates with slower stablecoin market growth, CoinDesk reported on October 17. Rashad Ahmed and Iñaki Aldasoro analyzed weekly data from January 2019 through June 2025. The

According to Reuters on October 15, investors who attended Anthropic's investor day in San Francisco on October 14 discussed a potential IPO valuation of around $1.5 trillion for a November share sale, down from roughly $2 trillion they had

According to Iran's Revolutionary Guards, on October 16, a tanker struck a mine in waters near Hormuz Island. The incident marks another reported mining incident in the strategically critical waterway.

Bending Spoons, the Milan-based holding company that went public on Nasdaq on July 1, received over $900 million in total investment from Berkshire Hathaway, including a $330 million stake disclosed Wednesday. The investment came less than four months after Bending Spoons' initial public offering an

According to CNBC, this week Berkshire Hathaway invested an additional $330 million in Bending Spoons, bringing its total stake in the Italian holding company to over $900 million. The investment, disclosed on Wednesday, sent Bending Spoons' stock up 41%, giving the company a market cap of

According to Trading Economics, spot gold closed near $4,166 an ounce on Friday, October 16, with December COMEX futures settling around $4,186.70 (Investing.com). Despite oil reaching $109.86—its highest since May—gold edged lower as rising energy prices lifted the US 10-year Treasury yield to 5.11

According to Reuters, Brent crude settled at $109.86 a barrel on Friday 16 October, up 3.7 percent on the day and 4.9 percent on the week. It was the highest settlement since 19 May, and the contract briefly touched $110 for the first time since May. Friday's surge was triggered by a Saudi-led

US Stock Market News this week showed mixed performance as the Nasdaq Composite and S&P 500 indexes declined significantly, while the Dow Jones ended the week in positive territory during October 12–16 (October 13–17 IST). Renewed credit concerns surrounding AI infrastructure companies and higher-th

Tesla closed at $354.72 on 16 October 2026, down 2.13 percent from Thursday's $362.44, while Netflix closed at $70.53, down 2.86 percent from $72.61, according to Nasdaq historical data. Gold reached $4,164.10 on Kitco's bid at 6:54 a.m. ET on 17 October, while COMEX October gold settled at $4,159.5

China's ChangXin Memory Technologies (CXMT) issued third-quarter revenue guidance on Oct. 16 projecting 114.7 billion yuan to 119.7 billion yuan, or about $16.0 billion to $16.7 billion, according to reports by Chinese outlets Yicai and STAR Market Daily on Oct. 17. The guidance represents a 589% to

According to Nasdaq, Tesla closed at $354.72, down $7.72, or 2.13 percent, on Friday, October 16, 2026, while Netflix closed at $70.53, down $2.08, or 2.86 percent, on the same session. Tesla's high of $370.50 was only 2.22 percent above Thursday's close, falling short of premarket reports

According to UK Maritime Trade Operations Office, two oil tankers were attacked near Saudi Arabian port of Jubail on October 16-17, with all crew members confirmed safe. The first incident occurred on October 16 at 9:00 UTC (17:00 Beijing time), approximately 68 nautical miles northeast of Jubail, w