📰 Top Headlines
• Morgan Stanley reported third-quarter net revenue of $20.34 billion, beating expectations, and earnings per share of $3.03. Net interest income of $3.25 billion also topped estimates, extending the resilience of major banks’ earnings.
• U.S. and Israeli leaders were reportedly discussing a joint strike on Iran, heightening tensions in the Middle East once again and drawing attention to safe-haven assets and oil supply expectations.
📊 Market Data
• The implied probability of a 25-basis-point Fed rate hike in October currently stands at 23.8%. Markets are holding their breath for the release of U.S. September CPI, with the rate outlook remaining a key near-term driver.
• Around $729 million in crypto futures positions were liquidated across platforms over the past 24 hours, mostly long positions. Bitcoin is trapped in a compression range near $83,000 as traders await a directional move.
🤖 AI Trends
• Robinhood announced that more than 150,000 users have opened AI trading accounts. Its CEO envisions retail strategies connecting directly to exchange data centers in the future, as AI-powered investment advice gains traction among retail investors.
• Liquid AI upgraded its 24B on-device model, which activates only 2B parameters. It outperformed the larger Qwen model in Agent tests, as efficient on-device inference continues to advance.
• Morgan Stanley reported third-quarter net revenue of $20.34 billion, beating expectations, and earnings per share of $3.03. Net interest income of $3.25 billion also topped estimates, extending the resilience of major banks’ earnings.
• U.S. and Israeli leaders were reportedly discussing a joint strike on Iran, heightening tensions in the Middle East once again and drawing attention to safe-haven assets and oil supply expectations.
📊 Market Data
• The implied probability of a 25-basis-point Fed rate hike in October currently stands at 23.8%. Markets are holding their breath for the release of U.S. September CPI, with the rate outlook remaining a key near-term driver.
• Around $729 million in crypto futures positions were liquidated across platforms over the past 24 hours, mostly long positions. Bitcoin is trapped in a compression range near $83,000 as traders await a directional move.
🤖 AI Trends
• Robinhood announced that more than 150,000 users have opened AI trading accounts. Its CEO envisions retail strategies connecting directly to exchange data centers in the future, as AI-powered investment advice gains traction among retail investors.
• Liquid AI upgraded its 24B on-device model, which activates only 2B parameters. It outperformed the larger Qwen model in Agent tests, as efficient on-device inference continues to advance.