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The U.S. Federal Reserve’s latest interest rate cut to a 3.50%-3.75% range presents a significant challenge to Circle’s revenue model, which is highly dependent on interest earned from USDC reserves. This forces the company to accelerate USDC circulation and platform adoption to maintain growth, even as sophisticated competitors like Ant International advance their own blockchain-based liquidity solutions with major banks.
Hong Kong equities face a pivotal week as investors weigh Beijing's pledges of economic support against a backdrop of weakening macroeconomic data and cautious global monetary policy signals. The Hang Seng Index is navigating these crosscurrents, leading to significant market uncertainty.
Standard Chartered PLC (LON: STAN) shares reached a 52-week high near 1,715 pence, driven by a combination of aggressive capital returns, strong Q3 earnings that beat targets, and significant strategic moves into institutional digital asset services.
ExxonMobil is revising its five-year corporate plan, increasing its 2030 earnings growth forecast by $5 billion to $25 billion. The company is cutting its low-carbon investment budget by a third, reallocating capital to its core oil and gas assets in the Permian Basin and Guyana, signaling a strategic prioritization of fossil fuel production and shareholder returns.
Mizuho Securities initiated coverage on three pure-play quantum computing firms with "Outperform" ratings, signaling growing Wall Street confidence in the sector. The move coincides with a surge in private funding and big-tech investment, reflecting a broader market shift towards commercializing quantum technology.
Copper prices on the London Metal Exchange (LME) have surged to a record high above $11,600 per ton. The rally is driven by a combination of physical supply disruptions and a fractured global market created by United States tariff policies, which have incentivized a massive shift of physical copper to the U.S.
China's export-led growth, marked by surging exports and stagnant domestic demand, is creating significant headwinds for global industrial economies. This strategy is forcing a realignment of global supply chains and increasing financial pressure on U.S. importers.