📡 Hourly Update | 23:00–24:00
1. RecodeX reports that U.S. President Donald Trump said the United States would face an “economic depression” if Democrats win next month’s midterm elections. He also said that if Republicans win, every American will have $5,000 in their pocket and the country will see unprecedented economic success.
2. RecodeX reports that the investigation into the October 9 “crypto theft” is ongoing. Reports indicate that the attackers stole cryptocurrency held by users by implanting a microchip in a hardware device. The amount involved is said to have reached $100 million. Details of the incident and responsibility for it have not yet been announced.
3. RecodeX reports that Santa Monica-based startup Blueprints AI has developed software that can automatically generate construction blueprints compliant with building codes from photos, PDFs, or sketches in just a few minutes. The company is a bootstrapped startup.
4. RecodeX reports that XPeng Chairman He Xiaopeng said in an interview on Monday during the Paris Motor Show that the company plans to reach annual sales of 500,000 vehicles in Europe by the end of 2030. If achieved, its European sales could surpass those of Ford and Stellantis-owned Opel. Ford delivered more than 426,000 vehicles in Europe last year, while Opel registrations totaled around 400,000. He said the key to achieving this plan is finding ways to produce more cars in Europe. XPeng is headquartered in Guangzhou, and its global annual sales target is 1.
5. RecodeX reports that Getty Images has announced a restructuring agreement under which the publicly traded company will become private. The transaction involves a change in the company’s ownership structure; details on the transaction value and investors have not been disclosed in the information currently available.
6. RecodeX reports that Indian sportswear brand Boldfit has raised more than 40 billion rupees (about $42 million) in a Series B round led by Bharat Value Fund, managed by The Wealth Company Alternates, part of the Pantomath Group. Existing investor Bessemer Venture Partners also participated. Boldfit is headquartered in Bengaluru and was founded by Palla.
7. RecodeX reports that Banijay Entertainment CEO Marco Bassetti said in a conversation with Chairman Jeff Zucker at Mipcom in Cannes that the company sees an opportunity to enter the highly competitive U.S. scripted programming market. Bassetti said the company is now in a stronger financial position following its recent merger, and that the U.S. market represents a new opportunity. All3Media is now part of Banijay.
8. RecodeX reports that several Wall Street institutions expect U.S. core CPI to rise 0.21% month over month in September, down from 0.29% in August. However, driven by rising energy prices, headline CPI is expected to increase 0.58% month over month, with the annual rate potentially nearing 3.7%. The median forecasts put September headline CPI at 0.58% month over month and 3.64% year over year; core CPI at 0.21% month over month and 2.40% year over year; and core PCE at 0.21% month over month. Its.
1. RecodeX reports that U.S. President Donald Trump said the United States would face an “economic depression” if Democrats win next month’s midterm elections. He also said that if Republicans win, every American will have $5,000 in their pocket and the country will see unprecedented economic success.
2. RecodeX reports that the investigation into the October 9 “crypto theft” is ongoing. Reports indicate that the attackers stole cryptocurrency held by users by implanting a microchip in a hardware device. The amount involved is said to have reached $100 million. Details of the incident and responsibility for it have not yet been announced.
3. RecodeX reports that Santa Monica-based startup Blueprints AI has developed software that can automatically generate construction blueprints compliant with building codes from photos, PDFs, or sketches in just a few minutes. The company is a bootstrapped startup.
4. RecodeX reports that XPeng Chairman He Xiaopeng said in an interview on Monday during the Paris Motor Show that the company plans to reach annual sales of 500,000 vehicles in Europe by the end of 2030. If achieved, its European sales could surpass those of Ford and Stellantis-owned Opel. Ford delivered more than 426,000 vehicles in Europe last year, while Opel registrations totaled around 400,000. He said the key to achieving this plan is finding ways to produce more cars in Europe. XPeng is headquartered in Guangzhou, and its global annual sales target is 1.
5. RecodeX reports that Getty Images has announced a restructuring agreement under which the publicly traded company will become private. The transaction involves a change in the company’s ownership structure; details on the transaction value and investors have not been disclosed in the information currently available.
6. RecodeX reports that Indian sportswear brand Boldfit has raised more than 40 billion rupees (about $42 million) in a Series B round led by Bharat Value Fund, managed by The Wealth Company Alternates, part of the Pantomath Group. Existing investor Bessemer Venture Partners also participated. Boldfit is headquartered in Bengaluru and was founded by Palla.
7. RecodeX reports that Banijay Entertainment CEO Marco Bassetti said in a conversation with Chairman Jeff Zucker at Mipcom in Cannes that the company sees an opportunity to enter the highly competitive U.S. scripted programming market. Bassetti said the company is now in a stronger financial position following its recent merger, and that the U.S. market represents a new opportunity. All3Media is now part of Banijay.
8. RecodeX reports that several Wall Street institutions expect U.S. core CPI to rise 0.21% month over month in September, down from 0.29% in August. However, driven by rising energy prices, headline CPI is expected to increase 0.58% month over month, with the annual rate potentially nearing 3.7%. The median forecasts put September headline CPI at 0.58% month over month and 3.64% year over year; core CPI at 0.21% month over month and 2.40% year over year; and core PCE at 0.21% month over month. Its.