Global TradFi & Macroeconomics

Former Deutsche Bank trader Christian Bittar’s 2018 criminal conviction for manipulating the Euro Interbank Offered Rate (Euribor) was overturned by the UK Court of Appeal on Oct. 9, making him the first trader in the UK to have an Euribor- or Libor-related conviction overturned after pleading guilty. The reversal does not constitute an acquittal; the FCA’s ban and more than $2.5 billion in fines imposed by US and UK authorities remain in effect. Legal Basis for Overturning the Conviction The Su

The U.S. 10-year Treasury yield was near 5.29% on Oct. 9, slightly below the recent peak of 5.34%. PIMCO Chief Investment Officer Dan Ivascyn said a yield of 6% is feasible and warned that stocks and credit markets would experience considerable weakness once it breaks above 5.5%. The 10-year Treasury yield has risen by approximately 120 bps this year. $22 Billion 30-Year Treasury Auction On Oct. 8, the U.S. Treasury completed a $22 billion 30-year Treasury auction, with a stop-out yield of 5.618

According to Keith Lerner, Co-Chief Investment Officer at Truist, the US stock market enters its fifth year of bull run on October 12, marking only the seventh bull market to last at least four years since the 1950s. This milestone in stock market news today comes as the current cycle posts a 119% g

Meanwhile, a Bermuda-licensed bitcoin life insurance company, announced on October 8 that it had completed a $37.5 million funding round, reaching a post-money valuation of $350 million and bringing its cumulative funding total to more than $180 million. The round included follow-on investments from crypto and traditional financial institutions, including OpenAI CEO Sam Altman, and the funds will be used to expand its bitcoin-denominated life insurance business into Asian, European, and Middle E

According to Gate 股票 market data, Lumentum Holdings (NASDAQ: LITEhttps://www.gate.com/stocks/LITE)) closed at $1,103.36 in U.S. trading on October 9, up 5.22% on the day. The stock reached an intraday high of $1,143.00, exactly touching its 52-week high. In after-hours trading, the stock rose further to $1,106.58, extending its gains by 0.29%. Over the past year, the leading optical communications components maker has climbed from a 52-week low of $147.85, posting a cumulative gain of more than

OpenAI briefed investors on its latest financial results on October 8, revealing that its annualized revenue as of the end of September was approximately $50 billion—below the $68 billion figure that had previously circulated in the market. The discrepancy has raised concerns about the valuations of AI-related stocks, while AI-focused companies including NVIDIA, Oracle, and CoreWeave faced heavy selling pressure. OpenAI Annualized Revenue at $50 Billion Although the $50 billion figure fell short

JPMorgan released a research report on TSMC on Oct. 5, maintaining an “Overweight” rating and using 20 times projected EPS for the next 12 months as the valuation basis. The report commented on Elon Musk’s disclosure last weekend that Tesla and SpaceX are in talks with TSMC regarding U.S. semiconductor capacity, assessing that if the cooperation materializes, TSMC would retain ownership of its process technology and control over wafer fab operations. This could help weaken the market narrative t

According to Longjih, as of October 10, China's gasoline and diesel prices are expected to decline 250 yuan/ton by October 15 at 24:00 (pricing window). The change rate stands at -4.54%, with benchmark crude averaging $97.12/barrel. Regional markets show mixed sentiment; downstream buyers remain

According to Tencent Finance, renowned risk analyst Nassim Nicholas Taleb warned recently that despite U.S. stock market highs, tail risks are at unprecedented levels. He recommended investors build "antifragile" portfolios through structural hedging rather than relying on prediction. Regarding

According to Jin10 Data and China National Petroleum, Tarim Oil Field today (October 10) surpassed a cumulative ethane production milestone of 4.08 million tons, marking a new stage in deep processing of natural gas in the Tarim

According to Yi Finance, gold and silver prices plummeted this evening (October 10), with spot gold losing the $4,100 per ounce level and declining 2.26% intraday, marking the lowest level since August 5. Spot silver fell below $60 per ounce, down 3.50%. Crypto markets accelerated selloff, with

According to the Bloomberg Billionaires Index and MarketWatch, Elon Musk's net worth reached $1.02 trillion as of October 8, making him the world's only trillionaire and the first person to reach this milestone. As a percentage of U.S. GDP, Musk's wealth now accounts for approximately 3.1%,

According to ChainCatcher, ASML announced on October 10 a uniform 10% price increase on replacement spare parts for both EUV and DUV lithography equipment supplied to South Korea, effective January 2027. The pricing changes apply to regular consumable parts and major components replaced due to

Bitcoin (BTC) saw a slight recovery, trading at around $82,720 on October 10. U.S. Treasury Secretary Bessent said the United States plans to seize $1 billion worth of cryptocurrency linked to Iran this week. The U.K. government sanctioned three cryptocurrency exchanges and two payment platforms, accusing them of helping Russian entities evade financial sanctions. Two of them processed transactions for the Kremlin-backed A7 network, which moved more than $9 billion in funds last year. Macroecono

According to Foresight News, the Crypto Fear and Greed Index rose to 64 today (October 10), based on data from Alternative.me. The index, which was at 59 yesterday, indicates the market is in a "greed"

According to Bloomberg, Firmus, an Australia-based data center operator backed by Nvidia, withdrew its planned IPO on October 9 and is exploring a private funding round of US$2 billion to US$3 billion. The company is in talks with existing investors regarding the financing, which could include

According to Bank of America, following Marvell's Analyst Day on October 6, the bank raised its price target to $400 and upgraded long-term profit forecasts. Bank of America maintained a buy rating, implying approximately 47.5% upside from the reference price of $271.25. BofA lifted its 2028

According to MSX.COM, U.S. stock indices closed higher on Oct 10, with the Dow Jones up 0.83%, S&P 500 up 0.59%, and Nasdaq up 0.64%. The VIX fear index fell 3.7%. AI concept stocks surged, with Snowflake up 7.42%, Ambarella up 7.22%, Palantir up 5.17%, Palo Alto Networks up 5.09%, and Twilio up 4.9

According to MSX.COM, on Oct. 10, U.S. stock indices closed higher, with the Dow Jones up 0.83%, S&P 500 up 0.59%, and Nasdaq up 0.64%. The VIX fear index fell 3.7%. AI concept stocks surged, with Snowflake rising 7.42%, Ambarella up 7.22%, Palantir up 5.17%, Palo Alto Networks up 5.09%, and