The US Treasury announced it will at least double its long-term debt buybacks starting September 9, raising the cap from $2 billion to $4 billion per operation for bonds maturing in 10 to 30 years. This move came after the 30-year Treasury yield hit a 19-year high of 5.337%, then sharply reversed to about 5.19%, signaling efforts to ease borrowing costs and support liquidity. The announcement boosted markets broadly, with stocks rallying and Bitcoin climbing past $65,000 as lower yields reduce the appeal of traditional fixed-income assets. The Treasury's buybacks aim to improve bond market liquidity without creating new money, and the market is watching if 5.3% will become a defended ceiling for yields going forward.
Alphabet is predicted to announce that its Google Cloud division will achieve revenue growth exceeding 100% in its upcoming report on October 28. This significant growth highlights the expanding importance of cloud services in Alphabet's business str...
Chery Auto is showcasing its purpose-built Level 4 (L4) self-driving Robotaxi at its 2026 Global User Summit in Wuhu, China, and signing a strategic cooperation agreement with UAE-based company K2. The Robotaxi, designed from the ground up for autono...
U.S. spot Bitcoin ETFs experienced net outflows totaling about $910 million over two weeks, turning October's net inflows of $293 million into roughly $615 million in net outflows. This reversal follows a significant $729 million withdrawal earlier i...
Databricks is expanding its office space at 5 Bryant Park in New York City to 120,000 square feet across five floors, aiming to grow its engineering and research teams. The company views Manhattan as a key hub for developing world-class AI, especiall...
A proposed rule in Zcash's upcoming NU7 network upgrade would disable spending from the legacy Sprout pool by invalidating version 4 transactions, which Sprout requires. This means any remaining funds in Sprout after activation would be inaccessible,...
