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BREAKING: New York City Council officially votes in favor of Mamdani's push to ban horse-drawn carriages, ending the historic tourist tradition beginning June 2028.
Breakingviews - COMMENTARY: Mark Zuckerberg, Meta’s designated first citizen
BREAKING: Bernie Sanders warns AI could “endanger the entire global financial system.”
BREAKING: OpenAI is closing in on a funding round that would raise up to $30 billion and value the company at $1.25 trillion, per CNBC.
Investors from the United Arab Emirates are leading the round alongside Coatue, and is being framed as an "opportunistic" bridge ahead of a potential IPO.
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BREAKING: U.S. holiday airfares surge to a 10-year high, with average Thanksgiving flights costing $402 round-trip, up 31% from last year.
BREAKING: The Nasdaq 100 closes down -2.9%, posting its biggest daily drop since June 5th.
The index erased nearly -$1.2 trillion in market cap today.
Breaking: The endless hunt for AI capital struck a nerve on Wall Street today. The Nasdaq lost 2.6% and the 10-year yield fell back below 5%.
BREAKING: Iran says it will strike oil facilities, undersea cables, datacentres and AI facilities across as many as seven countries in the Gulf in the event of a fresh US-Israeli attack
Breaking: Moderna shares plunged 25% after details of its breakthrough mRNA-based cancer vaccine were shared on social media
BREAKING: China purchased +25 tonnes of gold in August via the London OTC market, according to Goldman Sachs estimates.
This is +25% more than the official +20 tonnes reported by China's central bank for this month.
This also follows estimated purchases of +35, +40, and +48 tonnes in July, June, and May, respectively.
Over these 4 months, China's estimated gold purchases through the OTC market exceeded officially reported purchases by 83 tonnes, or +128%.
Meanwhile, global central banks are estimated to have acquired +79 tonnes of gold in August, +365% above the pre-2022 average of +17 tonnes.
China is stockpiling gold.
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