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Daily market recaps with key events, stock movements, and global influences
Breaking News
22authors · 3 months ago
US GDP Jumps 3.3% as Canadian Economy Contracts 1.6% Amid Tariffs
18authors · 3 months ago
Reliance Plans 2026 Jio IPO, Unveils AI Venture With Google and Meta
39authors · 3 months ago
Israel Labels Gaza City Combat Zone, Recovers Bodies of Two Hostages
12authors · 3 months ago
PepsiCo Raises Celsius Stake to 11% With $585 Million Deal
13authors · 3 months ago
UN Says Iran Has Executed 841 People in 2025, Urges Moratorium
11authors · 3 months ago
Mauritanian Coast Guard Says Up to 69 Migrants Dead in Atlantic Capsize
19authors · 3 months ago
German Unemployment Tops 3 Million as Prolonged Slump Hits Labor Market
18authors · 3 months ago
India GDP Rises 7.8%, Smashing Forecasts on Public-Spending Surge
22authors · 3 months ago
US GDP Jumps 3.3% as Canadian Economy Contracts 1.6% Amid Tariffs
18authors · 3 months ago
Reliance Plans 2026 Jio IPO, Unveils AI Venture With Google and Meta
39authors · 3 months ago
Israel Labels Gaza City Combat Zone, Recovers Bodies of Two Hostages
12authors · 3 months ago
PepsiCo Raises Celsius Stake to 11% With $585 Million Deal
13authors · 3 months ago
UN Says Iran Has Executed 841 People in 2025, Urges Moratorium
11authors · 3 months ago
Mauritanian Coast Guard Says Up to 69 Migrants Dead in Atlantic Capsize
19authors · 3 months ago
German Unemployment Tops 3 Million as Prolonged Slump Hits Labor Market
18authors · 3 months ago
India GDP Rises 7.8%, Smashing Forecasts on Public-Spending Surge
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Top Stories
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Breaking
Trump Ends Biden-Extended Secret Service Protection for Kamala Harris
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63
3 months ago
Breaking
Trump Invokes Rare Pocket Rescission to Cancel $4.9 Billion Foreign Aid
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33
3 months ago
Breaking
US Denies Visas for Abbas and Palestinian Delegation Ahead of UN Assembly
Authors
22
3 months ago
The U.S. State Department said on Friday it is denying and revoking visas for members of the Palestinian Authority and the Palestine Liberation Organization, including President Mahmoud Abbas, blocking them from traveling to New York for the United Nations General Assembly scheduled for September.
In a written statement, the department cited U.S. sanctions laws and national-security concerns, alleging the Palestinian leadership continues to finance militants and pursue unilateral statehood moves. Visas already issued to the officials are being cancelled, while new applications will be refused, the department added.
The restrictions do not apply to the Palestinian observer mission to the UN, which remains covered by waivers under the UN Headquarters Agreement. Even so, the action is expected to prevent Abbas from delivering his customary address to the annual gathering, complicating a diplomatic push by several Western governments that are weighing recognition of a Palestinian state.
Friday’s step extends penalties the United States imposed in July on senior PA and PLO figures. The State Department said it could revisit the decision if the Palestinian leadership repudiates terrorism, ends payments to militants’ families and drops legal cases against Israel in international courts.
Breaking
Macron Vows to Finish 2027 Term as Franco-German Summit Backs Ukraine
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16
3 months ago
Breaking
Alibaba Shares Jump as Cloud Sales Surge and Home-Grown AI Chip Emerges
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34
3 months ago
Trump Fires CDC Director Monarez as Vaccine Policy Clash Spurs Exodus
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129
3 months ago
Breaking
Atlanta Fed GDPNow Lifts Q3 US Growth Estimate to 3.5%
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3 months ago
Breaking
Turkey Halts Trade With Israel and Shuts Airspace to Israeli Planes
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19
3 months ago
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Alibaba Shares Jump as Cloud Sales Surge and Home-Grown AI Chip Emerges
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34
3 months ago
Reliance Plans 2026 Jio IPO, Unveils AI Venture With Google and Meta
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18
3 months ago
Ethereum ETF Assets Top $30 Billion as BlackRock Accelerates Buying
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13
3 months ago
Affirm Shares Jump on 33% Revenue Gain, FY26 GMV Guidance
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18
3 months ago
IREN Jumps 17% on Record Earnings and Nvidia Preferred Partner Deal
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5
3 months ago
PepsiCo Raises Celsius Stake to 11% With $585 Million Deal
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12
3 months ago
Kraken and Peers List Trump-Backed WLFI Token; American Bitcoin Readies Nasdaq Debut
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14
3 months ago
Nvidia Tops Q2 Estimates but Leaves China H20 Sales Out of Guidance
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139
3 months ago
Swift–Kelce Engagement Boosts Signet Shares and Lands Kelce American Eagle Deal
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57
3 months ago
Musk Moves to Dismiss SEC Suit Over Twitter Stake Disclosure
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15
3 months ago
Trending News
Featured topics
Minneapolis Church Shooting Kills Two Children, FBI Probes Anti-Catholic Hate Crime
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122
3 months ago
Iowa Republican Joni Ernst Will Not Seek Senate Re-election in 2026
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5
3 months ago
US Revokes Intel and Samsung China Waivers, Extends Some Tariff Exemptions
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28
3 months ago
US Ends $800 Duty Exemption, Global Postal Services Suspend Deliveries
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86
3 months ago
Japan Eyes Record ¥122 Trillion Budget as Defense Drone Spending Soars
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24
3 months ago
Fed’s Lisa Cook Sues Trump, Challenging Attempted Firing and Fed Independence
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115
3 months ago
Trump Envoy Witkoff Meets Ukrainian Delegation in New York on Security Guarantees
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21
3 months ago
Italy’s Meloni Condemns Gaza Strike That Killed Journalists, Citing Disproportionate Force
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3 months ago
Japan Accelerates First Long-Range Type-12 Missile Deployment to Kumamoto Base
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10
3 months ago
Nvidia Tops Q2 Estimates but Leaves China H20 Sales Out of Guidance
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139
3 months ago
IREN Jumps 17% on Record Earnings and Nvidia Preferred Partner Deal
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Meta Licenses Midjourney Tech to Power AI Image and Video Tools
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Court Void of Two Natera Patents Lets NeoGenomics Restart Cancer Test Sales
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CDC Links 95-Case Salmonella Outbreak to Country Eggs Recall
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SpaceX Booster Flies 30th Mission as Starship Survives Trial by Re-entry
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NASA InSight Marsquake Data Reveals 4.5 Billion-Year-Old Impact Fragments Preserved in Mars’ Mantle
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Latest Stories
3 months agoin US Gov Appointments, Politics
Iowa Republican Joni Ernst Will Not Seek Senate Re-election in 2026
Authors
5 posts • OpenAI (o3)
Published Aug 29, 2025, 11:34 AM
Republican Sen. Joni Ernst of Iowa has informed confidantes she will not seek a third term in 2026 and intends to announce the decision publicly next Thursday, according to multiple sources cited by CBS News.
Ernst, 55, entered the Senate in 2015 after rising to lieutenant colonel in the Iowa Army National Guard and serving in local and state office. She later became the No. 3 Republican in Senate leadership and a consistent supporter of President Donald Trump’s agenda.
Her departure will open a rare GOP-held seat in Iowa and adds to a growing list of Republican retirements that includes Sens. Thom Tillis of North Carolina, Tommy Tuberville of Alabama and Mitch McConnell of Kentucky. Iowa Democrats already in the race include state Sen. Zach Wahls, state Rep. Josh Turek and Des Moines School Board Chair Jackie Norris.
3 months agoin US Legislation, US Domestic Policy, Politics
House Democrats Reintroduce MORE Act as Trump Mulls Cannabis Rescheduling
Authors
6 posts • OpenAI (o3)
Published Aug 29, 2025, 11:42 AM
House Judiciary Committee Ranking Member Jerrold Nadler and fellow Democrats—including Dina Titus, Ilhan Omar and Nydia Velázquez—reintroduced the Marijuana Opportunity Reinvestment and Expungement (MORE) Act on Friday. The legislation would remove cannabis from the Controlled Substances Act, expunge certain federal convictions and create programs aimed at communities disproportionately harmed by past enforcement.
The push for full legalization arrives as President Donald Trump weighs whether to move marijuana to Schedule III, a step that would acknowledge medical use but keep non-medical sales illegal under federal law. Supporters argue rescheduling would unlock tax deductions currently denied to the industry, while critics say it could trigger new federal controls on production and distribution.
Opposition surfaced the same day from nine Republican lawmakers, led by Rep. Pete Sessions, who asked Attorney General Pam Bondi to reject rescheduling. They warned the change would ‘send a message to kids that marijuana is not harmful’ and hand billions in tax breaks to what they called ‘Big Marijuana’ and foreign cartels, underscoring the widening partisan divide over federal cannabis policy.
3 months agoin Middle East, Italy, War, Politics, World
Italy’s Meloni Condemns Gaza Strike That Killed Journalists, Citing Disproportionate Force
Authors
6 posts • OpenAI (o3)
Published Aug 29, 2025, 11:42 AM
Italian Prime Minister Giorgia Meloni on 27 August condemned Israel’s latest airstrikes on Gaza as “beyond the principle of proportionality,” highlighting the death of at least five journalists among more than 20 people killed when Nasser Hospital in Khan Younis was hit earlier in the week. Speaking at a political conference in the coastal city of Rimini, Meloni called the incident an “unacceptable attack on press freedom.”
Read more
3 months agoin Policy, Tech, Culture
TikTok Video Threatening Violence Against Catholic Schools Sparks Outrage
Authors
4 posts • OpenAI (o3)
Published Aug 29, 2025, 11:24 AM
An unidentified TikTok creator posted a video on 29 Aug 2025 threatening that “there’s gonna be a lot more violence” against children in Catholic and other religious schools, arguing that such institutions now “get their turn.” The individual said he would “laugh” as future attacks unfolded, describing religious communities as targets for retribution.
The clip has circulated widely online, prompting condemnation from social-media commentators who are urging law-enforcement agencies to investigate. As of this writing, authorities have not publicly confirmed whether an inquiry is under way or if the user’s account has been removed.
3 months agoin DeFi, Blockchains, Crypto
Tron Cuts Network Fees 60% to Defend Stablecoin Transfer Lead
Authors
5 posts • OpenAI (o3)
Published Aug 29, 2025, 11:30 AM
The community governing the Tron blockchain has approved the network’s steepest fee cut since its 2018 launch, voting to reduce transaction charges by 60%. Founder Justin Sun said the change takes effect at 20:00 GMT+8 on 29 August and will be reassessed every quarter by the network’s Super Representatives.
The lower tariff is expected to trim Tron's fee revenue by about $28 million, based on DeFiLlama estimates that put current income at roughly $47.7 million a month. Sun argues the short-term hit will be offset by greater activity on a network that already handles 8-9 million transactions a day and carries around $81 billion of Tether’s USDT stablecoin.
By cutting costs for users, Tron aims to maintain its dominance in low-value stablecoin transfers as rival blockchains, including Bitfinex’s forthcoming Plasma network, court the same market.
Tron has voted to reduce its network fees by 60%, , aiming to maintain its dominance in the stablecoin transfer space. Founder Justin Sun noting short-term profitability will drop but long-term user growth is expected. Quarterly fee reviews will be introduced.
⚡️TODAY: Justin Sun says TRON network fees will be reduced by 60%, the largest cut since its launch.
.@trondao will lower network fees by 60%
.@trondao slashes fees by 60% to boost on-chain activity risking $28 million hit to revenue
via @hardeyjumoh
Fintechs Consider Raising Prices Due To JPMorgan’s Looming Fees
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Shooter’s Mother Hires Lawyer, Declines Talks With Minneapolis Police After School Attack
Authors
7 posts • OpenAI (o3)
Published Aug 29, 2025, 11:42 AM
Minneapolis police say they have been unable to interview Mary Grace Westman, the mother of the 23-year-old who carried out Wednesday’s shooting at Annunciation Catholic School, after she retained criminal-defense lawyer Ryan Garry. Police Chief Brian O’Hara told reporters that repeated attempts to reach her have failed, leaving investigators without insight into the gunman’s background or possible warning signs.
The suspect, Robin Westman, who legally changed name and gender markers in 2020, fired through a stained-glass window of the Catholic elementary school on 27 August, killing eight-year-old Fletcher Merkel and ten-year-old Harper Moyski and wounding 18 others before taking their own life. Officers recovered a journal containing references to past school shootings and plans for “a big assembly on the first day of school.”
Mary Grace Westman had worked as a secretary at the same school for five years before retiring in 2021. Investigators are examining whether she had knowledge of her child’s preparations or access to the weapons used. Chief O’Hara said the department continues to seek her cooperation but acknowledged she is within her rights to speak only through counsel.
BREAKING 🚨
The mother of the Minneapolis trans school shooter, Mary Grace Westman, requests for people to respect her son’s preferred pronouns — he went by “she/her”.
👀
🚨CNN claims the transgender Minneapolis shooter was a “daughter”—not a son.
"I'm sure she[the mother] is grieving for her daughter!"
This is the insanity that has gotten us where we are today. When will it stop?
NEW - CNN's Andrew McCabe: The transgender Minneapolis sh-oter was a daughter - not a son.
"I'm sure [the mother] is grieving for her daughter!"
THE DUDE was a DUDE. CNN is unreal.
CNN describes the male Minnesota trans shooter as a “daughter.”
It’s hard to describe just how grotesque it is for the press to keep affirming this psychopath’s mental illness, especially when it played such primary role in his murderous rampage.
A “trans woman” who shoots up a school in Minneapolis is a MAN.
It’s unbelievably insulting to the memories of the victims to respect the killer’s deranged sense of “gender identity”.
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3 months agoin Economics, Business
Atlanta Fed GDPNow Lifts Q3 US Growth Estimate to 3.5%
Authors
14 posts • OpenAI (o3)
Published Aug 29, 2025, 11:30 AM
The Federal Reserve Bank of Atlanta said its GDPNow model now projects US real gross domestic product to expand at a 3.5% seasonally adjusted annual rate in the third quarter of 2025, up sharply from the 2.2% pace estimated on Aug. 26. The update, released on Aug. 29, signals a stronger near-term outlook for economic growth than suggested just three days earlier.
The model’s upward revision follows recent government data showing firmer consumer spending and business investment, as well as an expected swing in net exports from a drag to a modest boost. GDPNow is a purely data-driven nowcast rather than an official forecast by the Atlanta Fed or the Federal Open Market Committee, but it is closely watched by investors as an early gauge of momentum ahead of the Bureau of Economic Analysis’ first official GDP estimate due in late October.
ATLANTA FED PROJECTS Q3 GDP AT 3.5% VS PREVIOUS ESTIMATES OF 2.2%
bro if we can keep getting these 3-3.5% GDP quarters for the next few years…
could be one of the strongest economies in history
and we need that growth given the growing deficit
🇺🇸 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.5 percent on August 29, up from 2.2 percent on August 26 - Atlanta #Fed
BREAKING: Atlanta Fed is now projecting Q3 GDP to be +3.5%
Our traders forecast only 2.3% in GDP growth
Higher or lower?
Holy. Shit.
Atlanta Fed is now projecting that Q3 GDP will be +3.5%… a massive expansion.
The US economy is running HOT.
Atlanta Fed Q3 GDP estimate surges to 3.5% From 2.2%
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3 months agoin China, Japan, US Foreign Policy, Politics, World
China, Russia Blast U.S. Typhon Missile Plan in Japan as Beijing Pressures Manila
Authors
6 posts • OpenAI (o3)
Published Aug 29, 2025, 11:42 AM
China and Russia separately condemned U.S. plans to station the Army’s Typhon intermediate-range missile system in Japan for exercises slated for September, warning that the move would undermine security in Northeast Asia. Beijing called on Washington and Tokyo to respect regional concerns and “refrain from creating new threats,” while Moscow labeled the deployment “destabilizing” and urged Tokyo to reverse course.
Beijing simultaneously escalated pressure on Manila after Taiwan’s foreign minister, Lin Chia-lung, made an unofficial visit to the Philippines earlier this week. Chinese Foreign Ministry spokesman Guo Jiakun accused the Philippines of sending “wrong signals” to pro-independence forces and reiterated that Taiwan is an “inalienable” part of China. Vice Foreign Minister Ma Zhaoxu added that outside actors “playing with fire” over the Taiwan question would “perish by it.”
China also restated its claim to Ren’ai Reef in the South China Sea, telling the Philippines to halt what it described as provocations that could further complicate maritime disputes. Beijing’s warnings come amid a broader uptick in regional tensions as overlapping territorial, security and alliance issues draw in multiple powers.
#FMsays Beijing warns that reported US plans to deploy the "Typhon" intermediate-range missile in Japan during September drills would harm regional security. FM spokesman Guo Jiakun said that Washington and Tokyo should respect the security concerns of other nations, refrain from
China urged the Philippines to stop playing with fire on issues concerning China's core interests, and stop sending any wrong signals to "Taiwan independence" separatist forces
In response to a question related to Taiwan, Vice Foreign Minister Ma Zhaoxu said at the press conference on Friday on preparations for the V-Day commemorations that the Taiwan question is purely China’s internal affair and brooks no external interference.
RUSSIAN FOREIGN MINISTRY SAYS TEMPORARY DEPLOYMENT OF U.S. TYPHON MISSILE SYSTEM IN JAPAN IS ANOTHER DESTABILIZING STEP
RUSSIA URGES JAPAN TO RECONSIDER THIS DECISION
RUSSIA SLAMS U.S. TYPHON MISSILE SYSTEM DEPLOYMENT IN JAPAN AS "DESTABILIZING"
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3 months agoin Middle East, US Foreign Policy, Politics, World
US Denies Visas for Abbas and Palestinian Delegation Ahead of UN Assembly
Authors
22 posts • OpenAI (o3)
Published Aug 29, 2025, 11:15 AM
The U.S. State Department said on Friday it is denying and revoking visas for members of the Palestinian Authority and the Palestine Liberation Organization, including President Mahmoud Abbas, blocking them from traveling to New York for the United Nations General Assembly scheduled for September.
In a written statement, the department cited U.S. sanctions laws and national-security concerns, alleging the Palestinian leadership continues to finance militants and pursue unilateral statehood moves. Visas already issued to the officials are being cancelled, while new applications will be refused, the department added.
Read more
🚨 BREAKING: Secretary of State Marco Rubio just REVOKED all visas from members of the Palestine Liberation Organization and Palestinian Authority before the upcoming United Nations General Assembly.
"It is in our national security interests to hold the PLO and PA accountable
🔴 This is HUGE! @SecRubio has denied and revoked visas to Palestinian leaders for UN General Assembly, citing their terror support, including 'pay for slay' terror payments and lawfare campaign in int'l courts.
Thank you Trump Adm for your unwavering moral clarity!
BREAKING: Palestinian leaders BANNED from the UN stage.
Secretary of State Rubio blocks their visas over terror ties and “pay-for-slay” blood money. America will NOT reward those who glorify murder.
BREAKING:
🇺🇲🇵🇸 The U.S. State Department has denied visas to Palestinian officials for the September UN General Assembly - Axios
This unprecedented action violates the U.S.-UN agreement, which requires the U.S. to grant visas to UNGA delegations.
The decision comes amid
🚨 US State Department: No visas given to senior Palestinian officials for UN rally in September
🚨 WHY IT'S IMPORTANT: THE MOVE COMES AGAINST THE BACKDROP OF THE INTENTION OF WESTERN COUNTRIES TO ANNOUNCE AT THE UN ASSEMBLY RECOGNITION OF A PALESTINIAN STATE
🚨 This is a highly unusual move that contravenes an agreement between the United States and the United Nations that requires the United States to grant visas to delegations to the UN Assembly
Read more
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3 months agoin Crime, Florida, Sports, Culture, United States
Dolphins Put Coach Ryan Crow on Leave After Domestic Battery Arrest
Authors
6 posts • OpenAI (o3)
Published Aug 29, 2025, 11:04 AM
Miami Dolphins outside linebackers coach Ryan Crow was arrested in Fort Lauderdale on 29 August and booked into Broward County jail on a domestic‐battery charge, according to county records and local law-enforcement officials. Crow, 37, faces an allegation of touch or strike battery involving domestic violence. Authorities have not disclosed additional details of the incident that led to the arrest.
The Dolphins said in a statement they are “aware of the serious matter involving Ryan Crow and currently gathering more information.” The team has placed Crow on administrative leave effective immediately and notified the National Football League. Crow joined Miami’s coaching staff in 2024 after six seasons with the Tennessee Titans, and this offseason interviewed for defensive-coordinator roles with the New England Patriots and Dallas Cowboys.
Crow’s name was not listed on Friday’s first-appearance court docket, indicating an appearance could occur later. The case remains under investigation.
BREAKING: An assistant coach for the Miami Dolphins is in jail in Broward County after his arrest on a domestic battery accusation.
Miami Dolphins assistant coach Ryan Crow arrested for battery, domestic violence
Miami Dolphins outside linebackers coach Ryan Crow was arrested on a battery charge, according to jail records.
Miami Dolphins outside linebackers coach Ryan Crow was arrested in Fort Lauderdale on a domestic violence charge.
Miami Dolphins outside linebackers coach Ryan Crow was arrested on Friday in Fort Lauderdale after being accused of battery.
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3 months agoin Mexico, Law, Business, World
Mexico Says U.S. Seeks Data on Alleged Pemex Bribery Contracts
Authors
3 posts • OpenAI (o3)
Published Aug 29, 2025, 10:54 AM
Mexico’s secretary of Anti-Corruption and Good Government, Raquel Buenrostro Sánchez, said the U.S. Department of Justice has formally asked Mexico for information on four Petróleos Mexicanos contracts that are part of a corruption probe. The Justice Department has filed criminal complaints against seven companies and two Mexican residents for allegedly bribing former Pemex officials; former executive Ramón Rovirosa has been detained in the United States while Mario Ávila remains at large. Buenrostro noted the U.S. investigation has been under way since 2024.
Buenrostro added that her office will review whether five audits linked to the questioned contracts were doctored and will coordinate with U.S. authorities to determine possible liabilities of former officials involved.
Separately, the secretary said the government will audit what she described as “exorbitant” pension payments at Pemex and the state-owned Comisión Federal de Electricidad to create a more accurate registry of beneficiaries.
3 months agoin US Legislation, US Foreign Policy, US Domestic Policy, Politics
Rubio Says USAID Enters Formal Shutdown With Vought Leading Wind-Down
Authors
6 posts • OpenAI (o3)
Published Aug 29, 2025, 10:59 AM
U.S. Secretary of State Marco Rubio said Friday that the U.S. Agency for International Development is now in “close-out mode,” confirming that the 63-year-old foreign-assistance body has begun a formal wind-down. Rubio added that Office of Management and Budget Director Russ Vought will oversee the shutdown, after several core programs were transferred earlier this year to the State Department.
The administration has argued that winding down USAID will save “tens of billions of dollars,” though it has not released a detailed timetable or cost-benefit analysis. Rubio, who served briefly as acting USAID administrator, first signaled the move in March following President Donald Trump’s directive to consolidate foreign-assistance functions.
Read more
"USAID is officially in close out mode," Rubio says.
The global implications are huge.
USAID cuts "threaten to cause more than 14mn extra deaths by 2030 and reverse some gains made against diseases such as HIV/Aids, malaria and respiratory infections"
U.S. Secretary of State Marco Rubio: "USAID is officially in close out mode."
Marco Rubio:
USAID is officially in close out mode.
Breaking: Rubio says Vought overseeing USAID closure
“USAID is officially in close out mode. Russ is now at the helm to oversee the closeout of an agency that long ago went off the rails.”
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3 months agoin Argentina, Economics, Business, World
Argentina Central Bank Tightens Banks’ Dollar Positions to Curb Peso Pressure
Authors
9 posts • OpenAI (o3)
Published Aug 29, 2025, 11:34 AM
Argentina’s central bank issued a new regulation that further restricts the dollar exposure of commercial lenders as the government seeks to shore up the peso before mid-term elections. Communication “A” 8311, published on 29 August, forbids banks from raising their spot foreign-currency position on the final business day of each month, a change that took effect immediately.
From 1 December 2025, banks must also observe their negative net foreign-currency position on a daily, rather than monthly, basis. That short position may not exceed 30% of the institution’s Computable Capital Responsibility for the preceding month. The rule does not alter the existing ceiling on overall net foreign-currency holdings.
Officials say the tighter controls are designed to prevent end-of-month maneuvers that can drain central-bank reserves and fuel exchange-rate volatility. The move follows a series of liquidity and reserve-requirement measures adopted since July as President Javier Milei’s administration tries to curb inflation and stabilize the currency.
Changes to the BCRA regulations regarding banks' net foreign currency balances:
• The obligation to comply with the negative net foreign currency balance becomes daily.
• It may not exceed 30% of the previous month's Computable Capital Responsibility (CPR).
• The position may
The BCRA tightens a rule affecting banks to contain pressure on the dollar
The Central Bank (BCRA) implemented new restrictions on banks regarding the requirements of a position in foreign currency, that is, in the management of dollars.
Learn more. Exclusive for Members:
Argentina moves to protect its central bank from being forced by politicians to print money. IOW, more independent.
Argentina increased FX restrictions at commercial lenders yet again, as Javier Milei’s government ramps up efforts to support the peso and ease inflation ahead of midterm elections, @ioliveradoll reports
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3 months agoin Business, Crypto
Steak ’n Shake Says Restaurant Remodels Funded With Bitcoin
Authors
5 posts • OpenAI (o3)
Published Aug 29, 2025, 10:59 AM
Steak ’n Shake said on 29 August that its latest round of restaurant remodels was paid for with Bitcoin, highlighting the fast-food chain’s growing acceptance of the cryptocurrency as a treasury asset and funding tool.
The privately held burger-and-milkshake brand did not disclose how much Bitcoin it deployed or how many locations were refurbished, but stated that the digital currency helped finance upgrades ranging from interior design to kitchen equipment. The company also referenced the use of rendered beef tallow—normally a cooking by-product—as another source of funding, underscoring its bid to market the revamp as both innovative and in keeping with its menu heritage.
Steak ’n Shake’s move comes as food-service operators seek new ways to finance capital expenditures and lure customers with refreshed formats. Industry analysts say investments linked to cryptocurrencies remain uncommon in the sector, making the chain one of the first U.S. fast-food operators to publicly tie renovation spending to Bitcoin holdings.
JUST IN: Fast food giant Steak 'n Shake announces their newly remodeled restaurants are "funded by bitcoin" 🚀
#Bitcoin is good for business 🙌
JUST IN: Steak ’n Shake remodels new restaurant "funded by beef tallow and Bitcoin."
🔥 JUST IN: Fast-food chain Steak ’n Shake says its newly remodeled restaurants are “funded by Bitcoin.”
STEAK ‘N SHAKE IS BULLISH ON BITCOIN!!
Service stations are getting larger and offering higher-quality food, drink and shopping to entice customers who aren’t stopping to refuel, says one analyst. We explain why they’re getting a makeover
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3 months agoin Russia, Ukraine, War, Politics, World
Russia Says Forces Gain 600–700 km² Monthly in Ukraine Advance
Authors
4 posts • OpenAI (o3)
Published Aug 29, 2025, 11:50 AM
Russian Defence Minister Andrei Belousov said Moscow’s forces are now seizing about 600–700 square kilometres of Ukrainian territory each month, almost double the pace reported at the start of the year. Speaking in comments carried by Interfax, Belousov contrasted the current rate of advance with the 300–400 square kilometres captured monthly earlier in 2025.
Belousov added that the Russian military has conducted 35 large-scale strikes this year on 146 "critically important" targets, claiming that 62% of Ukraine’s defence-industrial infrastructure has been damaged. He highlighted attacks aimed at curbing Kyiv’s production capacity and disrupting logistics centres and launch sites for long-range drones.
Separately, Russia’s Defence Ministry said its forces struck Ukrainian airfields and military-industrial sites overnight using drones and Kinzhal hypersonic missiles, underscoring the continued focus on aviation and arms facilities. The battlefield assertions could not be independently verified.
3 months agoin US Legislation, Politics, United States
JD Vance’s Motorcade Dodges Protesters After Wisconsin Tax-Cut Tour
Authors
6 posts • OpenAI (o3)
Published Aug 29, 2025, 11:50 AM
Vice President JD Vance’s visit to La Crosse, Wisconsin, on Thursday drew roughly 150 demonstrators opposed to the recently enacted “Big, Beautiful Bill,” which the administration says delivers the largest tax cuts in U.S. history and encourages domestic manufacturing. Vance was in the state to promote the measure at a Mid-Steel facility and to highlight provisions that eliminate taxes on tips and overtime pay.
As the vice-presidential motorcade departed, it used an adjacent roadway that state Democrats said was marked as a one-way street in the opposite direction. The detour caught protesters on a parallel route off guard, prompting them to scramble across a grassy median to reposition themselves. Republican supporters circulated video of the scene as a light-hearted jab at the demonstrators, while the Wisconsin Democratic Party criticized the maneuver as a traffic violation.
3 months agoin France, Germany, War, Politics, World
Macron Vows to Finish 2027 Term as Franco-German Summit Backs Ukraine
Authors
16 posts • OpenAI (o3)
Published Aug 29, 2025, 11:15 AM
French President Emmanuel Macron said he will serve out his full mandate through 2027, rejecting speculation that political and budgetary turmoil at home could force an early departure. “The mandate given to me by the French people will be carried to its term,” he told reporters on Friday after the 25th Franco-German Council of Ministers in Toulon. The statement comes ahead of a confidence vote sought by Prime Minister François Bayrou next month and follows renewed opposition criticism of the government’s fiscal plans.
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🇫🇷 🇩🇪 Press conference by French President Emmanuel #Macron and German Chancellor Friedrich #Merz: “They talked a lot about what is happening on the other side of the Atlantic”, highlights @CarodeCamaret
Can the Franco-German couple save the #Europe? 🇫🇷🤝🇩🇪
Emmanuel Macron receives German Chancellor Friedrich Merz in Toulon on Friday. Upstream, economists have worked on topics that can reignite the flame between the two countries.
🎙️ @Laureclosier
🔴 Emmanuel Macron and Friedrich Merz speak out
🗣️ Emmanuel Macron: “I believe in democracy. (...) The mandate given to me by the French will be carried out until its end.”
🔴 DIRECT - “I think that [the Prime Minister] is right to blame the political forces in the face of the known situation in the country”, indicates Emmanuel Macron, recalling for his part, that “the mandate given to me by the French will be exercised until its end”.
🇫🇷 President Macron reaffirms commitment to his mandate until 2027, emphasizing accountability to the French people amidst political pressures. #Leadership #France #Politics
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3 months agoin Israel, Politics, World
Ben-Gvir Presses Israel Police to Clamp Down on Protests Ahead of Rally
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3 posts • OpenAI (o3)
Published Aug 29, 2025, 11:50 AM
Israel’s far-right National Security Minister Itamar Ben-Gvir has given the attorney general five days to approve a draft “policy document” that would sharply restrict demonstrations, warning that he will enforce the measures unilaterally if no reply is received. The ultimatum comes ahead of a mass protest next Wednesday in Jerusalem by families demanding a hostage deal and a Gaza cease-fire.
Senior police officials told Haaretz that Ben-Gvir is also pressuring Police Commissioner Danny Levy and Tel Aviv District Commander Haim Sargaroff to use force against anti-government protesters. According to the officials, the minister has floated the possibility of removing Sargaroff if the commander does not act more aggressively, although the commissioner has publicly described Sargaroff as "an excellent officer" who will remain in his post.
Levy and other top officers have signaled opposition to Ben-Gvir’s bid to curb freedom of assembly, deepening tensions between the minister and the police hierarchy. The attorney general has not commented on the ultimatum, leaving uncertainty over whether the proposed restrictions—viewed by critics as an infringement of civil rights—will take effect.
3 months agoin Economics, Natural Resources, Business, Environment
EIA Says U.S. Crude Output Hits Record 13.58 Million b/d
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5 posts • OpenAI (o3)
Published Aug 29, 2025, 10:44 AM
U.S. crude oil output rose by 133,000 barrels a day in June to a record 13.58 million barrels a day, according to monthly data released by the Energy Information Administration. The agency revised May’s total down to 13.447 million barrels a day from an earlier 13.488 million, underscoring the scale of the new high.
The Gulf of Mexico led the gains with a 67,000-barrel-a-day increase, followed by New Mexico at 40,000, North Dakota at 33,000 and Texas at 11,000. Wyoming added 10,000 barrels a day, while production slipped in Colorado and Alaska by 5,000 and 12,000 barrels a day, respectively.
Total U.S. crude oil and petroleum product supply—a proxy for domestic demand—also climbed in June, reaching its strongest level since October 2024, the EIA said.
🔥🔥🔥Another record oil production in the US! Production increased by 133 kb/d in June to 13.580 mb!
@DavidDTawil
US crude production changes June vs May in kbpd
US +133
Gulf of America/Mexico +67
New Mexico +40
North Dakota +33
Texas +11
Wyoming +10
Colorado -5
Alaska -12
EIA #oott
US crude production was at record 13.580mbpd in June vs 13.447mbpd in May (revised down from 13.488mbpd) - EIA @staunovo
US Crude Oil and Petroleum Product Supply, A Measure of Demand, Increased in June to The Highest Level Since October 2024 - EIA
U.S. Crude Oil Production Reached Record High in June, Says EIA ⛽ 🇺🇸
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3 months agoin Automobile, Company Earnings, Stocks, Business
BYD Profit Slides 30% as China’s EV Price War Erodes Margins
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7 posts • OpenAI (o3)
Published Aug 29, 2025, 11:50 AM
Chinese electric-vehicle leader BYD reported second-quarter net income of 6.4 billion yuan (US$895 million), a 29.9% year-on-year decline and its first quarterly profit drop in more than three years. The reversal follows Beijing’s push to curb aggressive discounting and force carmakers to settle supplier invoices within 60 days, measures that have squeezed industry margins.
While revenue grew 14% to 200.9 billion yuan, cash pressures deepened. BYD’s working-capital deficit widened to 122.7 billion yuan and its debt-to-asset ratio edged up to 71.1%. Analysts warned the company may miss its goal of selling 5.5 million vehicles this year; it delivered 2.49 million in the first seven months, or 45% of the target.
The earnings miss triggered a sell-off, sending BYD shares down more than 7% on Thursday and extending a 16% slide since April. The firm has already slowed production and delayed capacity expansions as domestic demand moderates and competition from rivals such as Geely and Tesla intensifies.