Cointime

Cointime

Download App
iOS & Android
Home / Point

Hassett: Trump and I Respect Any Decision Made by Fed Chair Waller Tomorrow

U.S. White House National Economic Council Director Hassett: Trump and I respect any decision made by Federal Reserve Chair Waller tomorrow. (Jin Ten)

Comments

All Comments

Recommended for you

  • WTO: AI Expected to Drive 13.2% Growth in Global GDP by 2040

    On September 15, the World Trade Organization (WTO) released a report stating that artificial intelligence (AI) is expected to contribute to a 13.2% increase in global gross domestic product (GDP) by 2040. Additionally, by 2040, AI is projected to boost global trade by 40%, with the largest growth anticipated in services that can be delivered digitally.

  • U.S. and Brent Crude Oil Prices Drop Nearly $1

    On September 15, U.S. and Brent crude oil prices fell nearly $1, currently reported at $97.63 per barrel and $102.11 per barrel, respectively. Futures for the S&P 500 and Nasdaq 100 indices have turned upward. This comes after Oman’s state news agency reported that Oman is discussing efforts to ease regional tensions with the United States.

  • Israel Assists Saudi Arabia in Intelligence Gathering Against Houthi Forces

    According to the Today Israel report: Diplomatic sources have confirmed that Israel is assisting Saudi Arabia in intelligence gathering efforts against Houthi forces.

  • Report: ByteDance's Revenue Grows 30% Year-on-Year in H1, Net Profit Declines Due to Increased AI Investment

    On the evening of September 15, The Information reported that ByteDance's net profit for the first half of 2026 declined year-on-year due to increased investment in artificial intelligence. Meanwhile, driven by overseas businesses such as TikTok, ByteDance's revenue in the first half of the year grew by 30% year-on-year, with overseas revenue reaching a new high as a percentage of total revenue. ByteDance did not comment on the above data. According to The Information, although Douyin still contributes the majority of ByteDance's revenue, overseas revenue primarily from TikTok now accounts for over 30% of total revenue. The share of overseas business, led by TikTok, in ByteDance's overall revenue is steadily increasing, projected to be 25% in 2024 and 30% in 2025.

  • Huawei's Internal Document: Aiming to Become NVIDIA in ICT and Computing

    Recently, Huawei's Heart Voice Community disclosed the minutes of a meeting between Chairman Guo Ping and new employees. In this nearly ten-thousand-word document, Guo Ping addressed hot topics of public interest such as artificial intelligence, large model strategies, and 6G. Regarding the large model strategy, Guo Ping stated that Huawei focuses on the fields of connectivity and computing, but there are differences in the demand for self-developed large models across different business segments. Huawei's large model strategy is closely aligned with its business pursuits: it insists on investment while differentiating its layout based on business scenarios. (Shanghai Securities Journal)

  • Singapore's First Local Tokenized Deposit Payment Completed with DBS, OCBC, and UOB

    On September 15, DBS Bank, OCBC Bank, and UOB completed the first local tokenized deposit payment in Singapore dollars on the Swift blockchain ledger. This marks the first interbank tokenized deposit transaction among the three institutions. The banks had previously completed cross-border transactions on the Swift Ledger. With local interoperability, corporate clients can now execute tokenized payments across institutions.

  • WTO: Global GDP Expected to Decline by 5.1% if Global System Splits into Geopolitical Groups

    On September 15, the World Trade Organization warned that a split in the trade system would lead to significant economic losses. If the global system fragments and multiple free trade areas are formed, global GDP could decline by 6.9%. If the global system divides into geopolitical groups, global GDP is expected to decrease by 5.1%. Conversely, if the trade system is reformed and expanded, global GDP is projected to grow by 2.9%. (Jin Shi)

  • AI Stock Sell-off and US Treasury Yields Exceed 5% Lead to Decline in US Markets

    On Monday, all three major US stock indices closed lower: the Dow Jones fell by 152 points (0.3%), the S&P 500 dropped by 0.5%, and the Nasdaq decreased by approximately 0.6%; stock index futures remained largely flat on Monday evening. The sell-off of AI-related stocks was a major drag—Anthropic CEO Dario Amodei called for a slowdown in AI development, and OpenAI CEO Sam Altman ruled out the possibility of an IPO this year over the weekend. Nvidia fell by 3%, Corning dropped by 13%, and the iShares AI Innovation and Technology Active ETF (BAI) fell nearly 4%. The yield on the 10-year US Treasury briefly surpassed 5% on Monday, marking the highest level since October 2023. Saudi Arabia closed a key pipeline bypassing the Strait of Hormuz, with Brent crude oil settling above $105 per barrel and WTI closing over $101. Market focus is shifting to the Federal Reserve's decision on Wednesday, with federal funds futures indicating a roughly 92% probability of a 25 basis point rate hike, raising the target rate ceiling to 4.0%. Christopher Hodge, Chief Economist for the US at Natixis, expects this to be the first rate hike of the Waller era, and that the Federal Reserve will emphasize that this decision is isolated and does not commit to future actions in subsequent meetings. The Asia-Pacific markets opened lower on Tuesday, with the Nikkei 225 down 0.25% and the Korean Kospi down 0.43%.

  • Becerra's Testimony at 10 PM Tonight: U.S. Bond Market Watches for New Signals

    On September 15, U.S. Treasury Secretary Becerra will attend a hearing at 10 PM tonight before the House Financial Services Committee, with the theme "Annual Testimony by the Secretary on the Status of the International Financial System." Given that the yield on the 10-year U.S. Treasury has surpassed 5%, the market will closely monitor whether Becerra provides new signals regarding fiscal policy, bond issuance and repurchase plans, debt management, and the outlook for the dollar and interest rates. If his remarks lean towards controlling deficits and stabilizing the bond market, it may alleviate upward pressure on long-term U.S. Treasury yields. Conversely, if he signals more fiscal expansion or tolerance for high interest rates, there may be a need to be cautious about further increases in U.S. Treasury yields, as well as the interconnected reactions of the dollar, gold, U.S. stocks, and risk assets.

  • Russian Foreign Minister to Meet US Secretary of State Rubio at UN General Assembly in New York

    Russian Foreign Minister Lavrov: He will meet with US Secretary of State Rubio at the UN General Assembly in New York.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company