Gold surged to a record above $3,500 as investors priced in a higher likelihood of policy easing, pressuring the U.S. dollar. The move underscores persistent demand for hard-asset hedges amid uncertainty over central bank independence and global trade tensions.
Source: SeekingAlpha All
S&P 500 logs fourth straight monthly gain in August; UnitedHealth and Intel lead, Trade Desk lags
U.S. equities extended their rally with the S&P 500 up for a fourth consecutive month, supported by resilient earnings and ongoing AI enthusiasm. UnitedHealth and Intel were among the notable winners in August, while The Trade Desk underperformed.
Source: SeekingAlpha All
Eurozone inflation edges up to 2.1% in August, keeping ECB on alert
Euro Area headline inflation rose to 2.1% in August from 2.0% in July, a notch above the ECB’s target and likely to keep policymakers cautious. The uptick will be weighed against signs of a cooling labor market and growth risks as the bank calibrates its next steps.
Source: SeekingAlpha All
Amazon commits NZ$7.5B to AWS infrastructure in New Zealand
Amazon will invest NZ$7.5 billion in AWS infrastructure in New Zealand, expanding regional cloud capacity and supporting the country’s digital economy. The build-out aims to improve latency and resilience for local and multinational customers operating in the region.
Source: SeekingAlpha All
Wise weighs UK banking licence while seeking U.S. trust bank approval
Wise is exploring a UK banking licence as it pursues U.S. approval for a national trust bank in Austin, a move that would allow direct settlement with the Federal Reserve. The dual-track plan would reduce reliance on intermediaries, enhance payments economics, and support Wise’s longer-term shift toward a U.S. primary listing.
Source: Finance Magnates
Revolut valued at $75B in new employee share sale as U.S. expansion accelerates
Revolut launched a secondary sale allowing staff to sell up to 20% of their holdings at a $75 billion valuation, up from $45 billion last year. The fintech is stepping up U.S. growth plans, including potential acquisitions to secure banking capabilities and broaden its product set.
Source: Finance Magnates
SocGen’s Australia unit fined $3.88M for futures “gatekeeper” failures
ASIC fined Société Générale Securities Australia A$3.88 million for failing to prevent suspicious client orders that influenced settlement prices in electricity and wheat futures. The action highlights heightened scrutiny of commodities markets and the expectation that major intermediaries maintain robust surveillance controls.
Source: Finance Magnates
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