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Financial

CPI 'Opens the Door More' to October Fed Hike, Says PGIM's Sockin

Robert Sockin, chief US economist at PGIM, says the US economy needs two more rate hikes at a minimum and that "the broader direction is up" for interest rates even if the Federal Reserve does not move at this month's meeting.

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CPI 'Opens the Door More' to October Fed Hike, Says PGIM's Sockin
Bloomberg
Financial

US Consumer Prices Rise at Fastest Pace in Five Months

The US consumer price index rose 0.6% in September from a month earlier, and 3.7% on an annual basis, according to the Bureau of Labor Statistics. The data shows gas prices rose by 9.1%. Bloomberg's Michael McKee has the initial reading.

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US Consumer Prices Rise at Fastest Pace in Five Months
Bloomberg
Financial

Aramco Headquarters Hit as Houthis Widen Saudi Arabia Attacks

Iran-backed Houthis launched missile and drone attacks across Saudi Arabia, hitting oil giant Saudi Aramco's headquarters, as well several cities in the kingdom. Abeer Abu Omar reports on Bloomberg Television.

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Aramco Headquarters Hit as Houthis Widen Saudi Arabia Attacks
Bloomberg
Financial

Anthropic's Princen on AI Impact on Businesses, Startups

Guillaume Princen, Anthropic Head of International Startups & Digital Native, joins Bloomberg's Tom Mackenzie on "The Opening Trade" to discuss how artificial intelligence will impact businesses, customer spending on frontier models, and AI safety risks. They speak from the International AI Summit in Dublin, Ireland.

Read more: Anthropic's Princen on AI Impact on Businesses, Startups
Bloomberg
Financial

Natixis Economist Sees One More Fed Rate Hike

Christopher Hodge, chief US economist at Natixis, expects core CPI to come in slightly softer than forecast and sees inflation continuing to ease. He discusses the impact of higher energy prices, potential labor market weakness and housing pressures, while forecasting one final Fed rate hike in December before the tightening cycle ends. He spoke on Bloomberg Brief.

Read more: Natixis Economist Sees One More Fed Rate Hike
Bloomberg
Financial

ACEA President & Mercedes CEO 'Welcomes' EU Deal with China on Hybrids

The President of the auto lobby ACEA Ola Källenius, who's also the CEO of Mercedes-Benz Group, welcomed the recent deal to cap the imports of Chinese hybrid vehicles to the EU. He called for a level-playing field and the EU to increase its competitiveness. He spoke with Bloomberg's Oliver Crook in Brussels.

Read more: ACEA President & Mercedes CEO 'Welcomes' EU Deal with China on Hybrids

Insights

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Insights

Tokenised infrastructure pushes Pharos deeper into RWA markets

  • Pharos Network has launched PGNGI+, an on‑chain infrastructure fund product linked to Partners Group, extending its RealFi ecosystem beyond basic DeFi into tokenised infrastructure income rights.
  • Pharos currently holds about US$127.75 million in active RWA value and US$6.79 million in DeFi TVL, which is materially smaller than leading RWA platforms such as Ondo ~US$3.44b TVL, Securitize ~US$4.96b, Maple ~US$2.23b and Centrifuge ~US$1.63b.
  • The broader RWA sector is fragmenting by niche - tokenised funds and Treasuries Ondo, Centrifuge, institutional credit, and regulated issuance across many chains - with competition centred on institutional access, compliance frameworks and on‑chain liquidity.
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Tokenised infrastructure pushes Pharos deeper into RWA markets
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Insights

Ethereum’s upgrade race puts rival chains under scrutiny

  • Ethereum is evaluating 66 proposals for its upcoming Hegotá upgrade, with FOCIL already chosen as the consensus-layer headliner and other ideas targeting privacy, account abstraction and censorship resistance.
  • Ethereum still dominates DeFi with about US$41.35 billion in TVL, well ahead of Solana ~US$4.82b, BNB Chain ~US$4.87b, Avalanche ~US$0.43b and Cardano ~US$0.06b.
  • Each rival chain is also upgrading—Solana on speed and client diversity, BNB Chain via the Pasteur hard fork, Avalanche with Helicon execution/validator changes, and Cardano through on-chain governed hard forks - creating different trade-offs in speed, security, governance and scalability.
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Ethereum’s upgrade race puts rival chains under scrutiny

Economy

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Economy

Bitcoin holds steady as oil rises

Bitcoin (CRYPTO:BTC) traded near US$77,580 as the latest US-Iran escalation pushed oil higher and stocks lower.

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Bitcoin holds steady as oil rises
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Economy

ACT proposes 12-month crypto tax break

ACT has proposed a 12-month tax exemption for qualifying crypto gains held by individual retail investors.

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ACT proposes 12-month crypto tax break