US stock markets fell sharply after September inflation data showed a 3.7% annual increase, exceeding expectations and the Federal Reserve's 2% target. This raised concerns about further interest rate hikes, leading to significant losses in AI-focused companies and Bitcoin mining firms expanding into AI and high-performance computing. These companies face higher borrowing costs amid investor caution on inflation and AI investment returns. The selloff highlights market sensitivity to inflation data and its impact on tech and crypto-related sectors.
U.S. stocks slid sharply on inflation fears affecting AI firms and Bitcoin miners, with September inflation rising 3.7% annually above expectations. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 15, 2026 11:51 WIB: out of 50 major cryptocurrencies, 44 fell and 5 rose. Notable moves include GRT down 8.38% with 29% sell orders, ATOM down 8.33% with 20% sell orders, and EOS up 8.13%.
Sigenergy officially launched its brand in Sri Lanka, focusing on advancing the country's clean energy transition with smart energy technologies. The event featured key industry leaders and highlighted Sigenergy's innovative products like the SigenSt...
Over 15 years as CEO, Tim Cook led Apple to grow its annual revenue from $108 billion to $416 billion, with iPhone sales alone increasing from $47 billion to nearly $210 billion. This remarkable growth highlights Apple's strong market position and in...
VanEck has officially requested the U.S. SEC to withdraw its registration for the proposed Lido Staked Ethereum ETF, which aimed to offer investors exposure to Ethereum staking via Lido's stETH token. The fund never issued shares or became effective,...
Shayne Coplan, CEO of Polymarket, criticized the common crypto strategy of buying tokens with hopes of massive price increases, calling it risky and often tied to worthless tokens. He emphasized that Polymarket's event contracts differ by linking tra...
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record third-quarter net profit of NT$763.1 billion, a 68.7% increase from the previous year, surpassing analyst expectations. The company's revenue also rose to NT$1.49 trillion, fueled by sus...
