Digital-asset markets suffered more than $19 billion in forced liquidations after President Trump threatened a 100% tariff on Chinese goods, sparking a broad risk-off move. The rout hit major tokens and leveraged positions across exchanges, highlighting how renewed trade-war rhetoric can ricochet through speculative assets and liquidity.
Source: Seeking Alpha
U.S. shutdown deepens: Agencies issue layoff notices as disruptions widen
Thousands of federal employees received layoff notices as the government shutdown persists, with ripple effects now reaching critical agencies and public services. Additional cuts reported at the CDC underscore the growing operational strain, raising the risk of delayed data, services, and payments that could dent near-term growth.
Source: Seeking Alpha
Global equities slide as trade-war fears return
Wall Street posted a broad selloff this week as the prospect of revived U.S.–China trade tensions weighed on risk appetite. Cyclicals and tech led declines, while investors rotated defensively amid policy uncertainty and ongoing government shutdown risks.
Source: Seeking Alpha
China’s markets under threat as Washington-Beijing trade tensions flare
Chinese equities face renewed pressure after President Trump vowed a “massive” tariff increase, including a proposed 100% levy and potential export controls on critical software. The escalation risk threatens to derail this year’s rally in China-related stocks and adds another headwind for global markets already on edge.
Source: SCMP
Apple eyes Prompt AI deal in push to bolster on-device intelligence
Apple is reportedly exploring a deal to acquire talent and technology from Prompt AI, maker of the Seemour app, signaling another step to strengthen its AI capabilities. The move could accelerate Apple’s efforts to bring more generative AI features onto its devices and services ecosystem.
Source: Seeking Alpha
MKS to exit chemicals unit, sharpen focus on chips
MKS Instruments plans to sell its chemicals business as it pivots further toward semiconductors, according to the Financial Times. The portfolio reshaping aims to streamline operations around higher-growth chipmaking tools and services amid robust AI-driven demand for advanced manufacturing.
Source: Seeking Alpha
Binance to compensate users after token depegs during crypto chaos
Binance said it will compensate a subset of customers who suffered losses during sharp depegs in USDe and WBETH, which coincided with platform slowdowns and one of the largest liquidation events on record. Executives apologized and pledged reviews as the industry faces heightened scrutiny following extreme volatility.
Source: FinanceFeeds
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