ppi

According to reports from Lei Feng Network · Whale Rhino, the AI prediction engine company Prophetlab has completed tens of millions in seed round financing, jointly invested by institutions including Ivy Capital. The company was established less than four months ago, and its prediction engine, Prophet Engine, has topped the overall list of FutureX released by ByteDance Seed, receiving millions in commercial orders.Prophetlab's early project utilized AI large models to predict World Cup outcomes, successfully forecasting the final results and the top four teams, with some models achieving an accuracy rate of about 75%. The team consists of AI PhDs and FinTech Masters from domestic and international universities. Founding members have participated in the training of billion-scale models such as Alibaba's Qianwen and Tencent's Hunyuan, and have collaborated with Professor Yan Junchi's team from Shanghai Jiao Tong University in industry-academia-research cooperation. The company is about to release the Investor's Last Exam list, focusing on commercial predictions.

Reuters reported on October 26 that amid fluctuations in global tech stocks, Chinese artificial intelligence and semiconductor-related stocks have already declined. The STAR50 index, dominated by mainland artificial intelligence and semiconductor leaders, has dropped 40% in less than four months, with a market value evaporating by about $480 billion. The CSI 300 index has fallen about 20% from its June peak, interrupting nearly two years of gains. Beijing fund manager Dong Baozhen said: The stock market has evolved into a speculative frenzy bull market, and now the bubble is bursting. Traders noted that the decline does not have a clear single trigger factor; high prices, tax bills, and the possibility of the U.S. or other countries banning Chinese equipment from entering data centers have all had an impact. During the same period, the Nasdaq has retreated 6% from its record high three weeks ago.Goldman Sachs stated that AI stocks account for 42% of China's market value and 57% of the trading volume of mainland A-shares and Hong Kong H-shares. When the robotics company Yushu went public, retail investors oversubscribed by about 8,000 times, and since trading began in August, its stock price has fallen by about half; chip company Changxin Storage has dropped more than a quarter in the past month. Mu Xi Integrated Circuit and Moore Threads saw their stock prices rise by about 700% and 400% respectively on their first day of trading last year, but have also fallen by about half since July. Optical module companies Zhongji Xuchuang and Guangxun Technology have dropped about 60% from their June and July peaks, partly due to the U.S. moving towards banning these companies from supplying to U.S. data centers. Hainan investor Chen Wensheng said: He bought Yushu because he felt official support and that there were state-owned background funds investing, but he is currently suffering losses with friends.The STAR50 is currently still about 100 times its past earnings, having fallen from a high of nearly 250 times, with investors comparing it to the Nasdaq 100's price-to-earnings ratio of about 30 times. Hong Hao, Managing Director and Chief Investment Officer of Lotus Asset Management in Hong Kong, said: The current situation will cause many companies trying to go public to pause. Leo Wang, a partner at Beijing Qianchuang Capital, said: Overemphasizing the market capitalization weight of tech companies in major indices will create serious bubbles in certain industries and siphon off funds from other sectors. Wang Zhuo, a partner at Shanghai Zhuozhu Investment Management, said: Chip manufacturers and AI suppliers will ultimately fall into price wars like other Chinese manufacturers. HSBC Research stated that Asian funds have generally been selling over the past three months but are still overweight in China; Goldman Sachs' updated recommendation list this month includes Zhongji Xuchuang and Changxin Storage. The China Securities Regulatory Commission did not immediately respond to Reuters' inquiries; Chairman Wu Qing met with market participants earlier this month to hear suggestions for improving the capital market.

Cryptocurrency hardware wallet manufacturer Keystone disclosed that its website experienced a security breach, allowing unauthorized third parties to access customer names, contact information, shipping addresses, and order details. Keystone stated that it has blocked access, fixed the vulnerability, and launched an investigation, while also notifying affected customers, but did not disclose the number of individuals impacted.Security researcher Taylor Monahan warned that the leaked shipping addresses could expose customers to targeted scams and personal attacks. Keystone stated in 2023 that it would shorten the retention period for customer data to 180 days, but some customers reported receiving breach notifications more than two years after purchasing their devices.

According to Crowdfund Insider, Lyn I. Javier, the Deputy Governor of the Central Bank of the Philippines and head of the financial regulatory department, revealed that the UK fintech company Revolut is actively negotiating with the bank to obtain a digital banking license in the Philippines.She pointed out that Revolut must go through the assessment process of the Central Bank of the Philippines, including meeting the relevant requirements for establishing a foreign bank institution in the Philippines. As for the specific approval timeline, it depends on the company's progress in compliance preparations.Revolut currently holds banking licenses in the UK, Australia, Colombia, and France, and has received conditional approval to establish a bank in the United States. Additionally, the company applied for a banking license in Switzerland in September.

According to TechCrunch, the AI laboratory Flapping Airplanes, established for about a year, announced the completion of a $1 billion Series A funding round, co-led by Index Ventures and Lux Capital, with participation from Sequoia Capital, GV, and others, increasing its valuation to $45 billion, three times higher than the $15 billion valuation nine months ago.The company is dedicated to improving the data efficiency of AI model training and developing a GPU framework that can simultaneously perform tasks such as training and inference to reduce the costs of AI development and operation.

Apple's first foldable smartphone, the iPhone Duo, saw its shipping time delayed to December or even later just minutes after pre-orders opened. Strong demand and supply constraints made it difficult to purchase the device priced at $1,999 when it officially launched on October 23. The Apple online store shows that the shipping time for all versions of the iPhone Duo has been postponed.

In September, the U.S. PPI rose by 1.3% month-on-month, marking the largest increase since March 2022, raising concerns about inflation. U.S. Treasuries surged against the trend due to safe-haven buying, with the ten-year yield falling back to above 5.08%. Gold attempted to reverse the downward trend since August.

During the IMF meeting in Bangkok, Federal Reserve Chairman Kevin Walsh stated that he would not predict the outcomes of the remaining two interest rate meetings this year and was unwilling to disclose potential actions in advance. He said, "This is a new chapter for the Federal Reserve; we no longer do this." Regarding the recent signals from colleagues indicating "no urgency to raise interest rates this month," he neither explicitly supported nor refuted them. Walsh reiterated that the Federal Reserve will achieve price stability and noted that the global economy has largely aligned with central bank expectations since the interest rate hike in September, while describing the recent actions of various central banks as a synchronized tightening of monetary policy in most regions of the world.In September, the Federal Reserve unanimously raised interest rates by 25 basis points, increasing the target range for the federal funds rate to 3.75% to 4%. At that time, most officials expected at least one more rate hike this year. Despite the core CPI rising by 0.33% month-on-month in September, marking a strong increase for the second consecutive month, and the latest producer price data also being robust, Walsh hardly mentioned this week's inflation report and did not significantly attempt to change market expectations for the October meeting. Reports indicated that during his speech, the dollar weakened, and market bets on an interest rate hike in October dropped from about 30% to around 17%.Additionally, Walsh believes that the U.S. is experiencing significant investment growth and holds an optimistic view on economic resilience and the productivity boost brought by AI, but he warned that the development path will be "very bumpy," and the short-term impact of AI on employment remains unclear. DBS Bank macro strategist Wei Liang Chang stated that Walsh reiterated that artificial intelligence will improve productivity in the medium term, which may help ease inflation expectations and alleviate concerns about the Federal Reserve's consecutive rate hikes. Saxo Markets Chief Investment Strategist Charu Chanana noted that Walsh's refusal to commit to another rate hike led to some bets on Federal Reserve rate hikes falling flat, and related comments did not help the dollar following the release of strong inflation data.

U.S. Treasury yields collectively declined, with long-term yields leading the drop. Market data shows that the yield on the U.S. 20-year Treasury bond is 5.434%, down 14.6 basis points for the day; the 30-year Treasury bond yield is 5.385%, down 14.1 basis points for the day; the 10-year Treasury bond yield is 5.054%, down 13.6 basis points for the day. The U.S. 7-year Treasury bond yield fell 13.5 basis points for the day, and the 5-year Treasury bond yield dropped 11.5 basis points.

Due to the impact of rising energy costs, the U.S. Producer Price Index for September exceeded expectations across the board, indicating that the effects of rising energy prices are being transmitted to various sectors of the U.S. economy. Data released by the U.S. Bureau of Labor Statistics on Thursday showed that the Producer Price Index for September rose 1.3% month-on-month and 6.3% year-on-year.Excluding food and energy, the core PPI rose 0.7% month-on-month and 5% year-on-year. The report indicated that while fuel prices are rising, underlying inflationary pressures in the U.S. remain stubborn. With only a few weeks left until the midterm elections in November, the burden of living costs has become a central issue in the election.This data may also prompt Federal Reserve officials to continue raising interest rates in the coming months, especially as another report released on Wednesday showed that a key consumer price index in the U.S. for September rose more than expected. The report also indicated that price pressures are expected to remain high in the coming months. An indicator measuring input price expectations for the next six months rose to its highest level since 2022.

In September, the U.S. PPI annual rate recorded 6.3%, the highest since May 2026, exceeding market expectations of 5.3%.In September, the U.S. PPI monthly rate recorded 1.3%, significantly higher than the market expectation of 0.5%. In September, U.S. retail sales monthly rate recorded 0.8%, above market expectations.

The U.S. Producer Price Index (PPI) for September will be released at 20:30 Beijing time on October 15. Oxford Economics expects the September PPI to rise by 0.6% month-on-month, higher than the market expectation of 0.5% and August's 0.4%. In August, U.S. diesel prices increased by 24% month-on-month and 77% year-on-year. According to the American Automobile Association, the retail price of diesel reached a historic high of $6.528 per gallon on September 22.As of Wednesday, the U.S. retail price of diesel remained at $6.30 per gallon, over 70% higher than the same period last year. Analysts say that diesel is an important input for road freight, rail transport, and agricultural production. Rising prices will first push up production and transportation costs for businesses, and then gradually transmit through fuel surcharges, transportation contracts, and retail pricing, with cost pass-through potentially lagging. The Trump administration has temporarily relaxed some restrictions on agricultural fuel use and stated that Russia will supply diesel to the global market. Industry insiders believe these measures are unlikely to resolve refining capacity and finished oil supply bottlenecks in the short term.

According to CTV News, the Toronto police announced the arrest of 7 people in a violent kidnapping case targeting cryptocurrency holders and the subsequent investigation, including 3 members of the Canadian Armed Forces, with a total of 82 criminal charges filed.The police stated that the victim was kidnapped on July 25, handcuffed, and beaten, as the suspects attempted to obtain access to their cryptocurrency assets and corporate security systems, after which they were released. The investigation also seized firearms, drugs, and approximately 2,500 stolen military ammunition, and the case is still under investigation.

According to Lookonchain monitoring, "Brother Magi" Huang Licheng has been completely liquidated. Over the past 4 months, he turned $56,000 into $12.25 million through trading, but has now fallen back to $21,800.

At 20:30 Beijing time tonight, the U.S. Bureau of Labor Statistics will release the September PPI (Producer Price Index). Current market expectations are for an overall PPI month-on-month increase of +0.5% and a core PPI month-on-month increase of +0.3%.If the data exceeds expectations, it will boost the market's pricing for continued interest rate hikes by the Federal Reserve, putting pressure on U.S. stocks, cryptocurrencies, and other risk assets; if it falls below expectations, it will cool tightening expectations, benefiting the performance of risk assets. Previous CPI data has already shown inflation resilience, and this PPI will further validate the persistence of inflation.

According to a report by Daum, while global exchanges are expanding into perpetual contracts, options, and traditional stocks, South Korean local exchanges are still limited to spot trading due to regulatory restrictions. Data from CoinGecko shows that in the second quarter of 2026, the total spot trading volume of the five major Korean won exchanges—Upbit, Bithumb, Coinone, DigitalX (formerly Korbit), and GOPAX—was approximately $14.67 billion, a decrease of 33.0% from $21.88 billion in the first quarter.Coinbase completed its integration with the derivatives exchange Deribit this month and plans to launch a unified platform covering spot, derivatives, and stocks; Binance is expanding into precious metals, stocks, and index-related perpetual contracts. Current regulations in South Korea prohibit local institutions from engaging in cryptocurrency derivatives business, and the upcoming virtual asset tax law only covers spot gains, with a lack of clear taxation mechanisms for overseas derivatives gains. The industry is concerned about the loss of competitiveness for local exchanges and tax inequities. South Korean financial regulatory authorities have yet to propose a specific timeline for the introduction of cryptocurrency derivatives trading.