MACRO & FED
CNA
07 Oct 2026 · 18:45
US judge authorizes fund to subpoena New York Fed for documents related to Radiant World
NEW YORK, Oct 6 : A US judge on Tuesday authorized an investment fund that filed a criminal complaint in Switzerland against iron ore trader Radiant World to subpoena payments records from the Federal …
NEW YORK, Oct 6 : A US judge on Tuesday authorized an investment fund that filed a criminal complaint in Switzerland against iron ore trader Radiant World to subpoena payments records from the Federal Reserve Bank of New York and the Clearing House Interbank Payments System.
US District Judge John Cronan in Manhattan said Mariner Atlantic Multi-Strategy LLC's requested subpoenas were not unduly intrusive or burdensome because they sought seemingly "easy-to-collect payments records related to specific accounts and a specific timeframe."
He also said subpoenas were appropriate because it was not otherwise possible for Mariner to obtain the records it sought, and Swiss courts were "receptive" to assistance from their US counterparts.
Radiant World did not immediately respond to a request for comment outside business hours.
FOREX & GOLD
The Times of India
07 Oct 2026 · 18:30
Gold price prediction: Gold rate slips for the year in 2026, experts predict bullion price for next 12 months
Gold price is expected to hit $5,013 a troy ounce over the next 12 months, up from the current level of $4,170, delegates to the London Bullion Market Association's (LBMA) annual gathering in Sorrento, …
Gold price is expected to hit $5,013 a troy ounce over the next 12 months, up from the current level of $4,170, delegates to the London Bullion Market Association's (LBMA) annual gathering in Sorrento, Italy predicted on Tuesday. A year ago the delegates of t… Gold rate: Gold has witnessed a volatile year in 2026. Gold rate has been down 3 per cent this year due to expectations of interest rates staying higher for longer amid the Iran war. It jumped 64 per…
MACRO & FED
CNA
07 Oct 2026 · 17:30
BOJ's Sato signals support for future rate hikes, Kyodo reports
TOKYO, Oct 7 : The Bank of Japan's new policymaker Ayano Sato said she supports the idea of raising interest rates in several stages, Kyodo news agency reported on Wednesday, highlighting awareness even among …
TOKYO, Oct 7 : The Bank of Japan's new policymaker Ayano Sato said she supports the idea of raising interest rates in several stages, Kyodo news agency reported on Wednesday, highlighting awareness even among dovish board members of the need to combat inflation risks.
Appointed by Prime Minister Sanae Takaichi, who favours looser monetary policy, Sato was one of two dissenters to the BOJ's decision to raise interest rates in September. She joined the nine-member board in June.
In the interview with Kyodo, Sato said she decided to vote against last month's rate hike because consumption lacked momentum and underlying inflation was not picking up pace.
"I support the idea that interest rates should be adjusted in stages, as current financial conditions are accommodative," Sato was quoted as saying, adding that the appropriate timing of future rate hikes would depend on developments in consumption and income.
Sato also said there should not be any pre-set pace for future rate hikes, according to Kyodo.
Risks to the price outlook were "somewhat skewed to the upside" due to rising crude oil prices linked to the Middle East conflict, Sato said.
INFLATION APPROACHING 2 per cent
Along with Toichiro Asada, another newcomer appointed by Takaichi, Sato has been seen by markets as among doves on the nine-member board who could continue to vote against rate hikes.
Their dissents in September pushed down the yen as market players interpreted the move as a sign the BOJ's rate-hike plans would continue to face opposition from Takaichi's administration.
Sato told Kyodo that BOJ rate hikes could contribute to achieving sustained economic growth. The central bank would set policy independently, but in a way that "eventually aligns with the administration's proactive fiscal policy," she said.
After spending years treading cautiously in policy normalisation, the BOJ picked up pace in raising rates by hiking in June and September as the Iran war-induced energy shock added to price pressures from rising import costs via a weak yen.
Upon hiking rates to a 31-year high of 1.25 per cent in September, Governor Kazuo Ueda said the central bank had entered a phase focused on preventing underlying inflation from overshooting its target, raising the prospect of tighter policy.
While the BOJ may pause in October, it is likely to drop hawkish hints that would reinforce dominant market expectations of a December hike, sources have told Reuters.
In a separate interview with the daily Asahi newspaper, Sato said underlying inflation was approaching the BOJ's 2 per cent target, adding that her views on monetary policy were "not that different from many others in the board."
MACRO & FED
CNA
07 Oct 2026 · 17:30
BOJ's dovish dissenter signals support for future rate hikes
TOKYO, Oct 7 : The Bank of Japan's new policymaker Ayano Sato said she supports the idea of raising interest rates in several stages, Kyodo news agency reported on Wednesday, highlighting awareness even among …
TOKYO, Oct 7 : The Bank of Japan's new policymaker Ayano Sato said she supports the idea of raising interest rates in several stages, Kyodo news agency reported on Wednesday, highlighting awareness even among dovish board members of the need to combat inflation risks.
Appointed by Prime Minister Sanae Takaichi, who favours looser monetary policy, Sato was one of two dissenters to the BOJ's decision to raise interest rates in September. She joined the nine-member board in June.
In the interview with Kyodo, Sato said she decided to vote against last month's rate hike because consumption lacked momentum and underlying inflation was not picking up pace.
"I support the idea that interest rates should be adjusted in stages, as current financial conditions are accommodative," Sato was quoted as saying, adding that the appropriate timing of future rate hikes would depend on developments in consumption and income.
Sato also said there should not be any pre-set pace for future rate hikes, according to Kyodo.
Risks to the price outlook were "somewhat skewed to the upside" due to rising crude oil prices linked to the Middle East conflict, Sato said.
INFLATION APPROACHING 2 per cent
Along with Toichiro Asada, another newcomer appointed by Takaichi, Sato has been seen by markets as among doves on the nine-member board who could continue to vote against rate hikes.
Their dissents in September pushed down the yen as market players interpreted the move as a sign the BOJ's rate-hike plans would continue to face opposition from Takaichi's administration.
Sato told Kyodo that BOJ rate hikes could contribute to achieving sustained economic growth. The central bank would set policy independently, but in a way that "eventually aligns with the administration's proactive fiscal policy," she said.
After spending years treading cautiously in policy normalisation, the BOJ picked up pace in raising rates by hiking in June and September as the Iran war-induced energy shock added to price pressures from rising import costs via a weak yen.
Upon hiking rates to a 31-year high of 1.25 per cent in September, Governor Kazuo Ueda said the central bank had entered a phase focused on preventing underlying inflation from overshooting its target, raising the prospect of tighter policy.
While the BOJ may pause in October, it is likely to drop hawkish hints that would reinforce dominant market expectations of a December hike, sources have told Reuters.
In a separate interview with the daily Asahi newspaper, Sato said underlying inflation was approaching the BOJ's 2 per cent target, adding that her views on monetary policy were "not that different from many others in the board."
MACRO & FED
Deadline
07 Oct 2026 · 17:15
Skydance Sets Board With Laurene Powell Jobs, Bobby Kotick New Directors, Tony Blair As Advisor
The new Skydance has unveiled its board of directors, effective immediately, led by chairman and CEO David Ellison and including newcomers Laurene Powell Jobs, founder and president of Emerson Collective, and Bobby Kotick, founder …
The new Skydance has unveiled its board of directors, effective immediately, led by chairman and CEO David Ellison and including newcomers Laurene Powell Jobs, founder and president of Emerson Collective, and Bobby Kotick, founder and former CEO of Activision.
They will service as independent directors.
Co-CEO Ynon Kreiz, who joined Skydance last week, also has a seat.
Powell Jobs is highly influential leader in business and philanthropy and committed investor in journalism and media. Her nonprofit Emerson Collective investments include majority stakes in The Atlantic and Anonymous Content.
Kotick served as CEO of Activision for 32 years, building it into one of the world’s most successful video game companies before selling Activision Blizzard to Microsoft for $68.7 billion.
Watch on Deadline
RELATED: Skydance Putting All 3 TV Studios Under George Cheeks: Warner Bros. TV, CBS Studios, PTVS – The Dish
Former UK Prime Minister Tony Blair will join as a Board Advisor. Blair, who will be acting in a personal capacity, is Executive Chairman of the Tony Blair Institute for Global Change, a not-for-profit that helps leaders govern in the age of AI. Paramount said his global leadership experience and commitment to innovation position him as an invaluable advisor in shaping Skydance’s strategic priorities.
The other directors are continuing on from the board of Paramount, which was renamed Skydance this morning after closing its merger with Warner Bros Discovery.
“I am delighted to welcome Laurene and Bobby to our Board and honored to have Tony join us as an Advisor,” Ellison said. “Together with our other directors, they bring the experience and fresh perspectives we need to build Skydance into an extraordinary company, one that honors the legacies of Paramount and Warner Bros. Discovery while setting a bold course for the future.”
RELATED: RELATED: Skydance Putting All 3 TV Studios Under George Cheeks: Warner Bros. TV, CBS Studios, PTVS – The Dish
The full Skydance board:
David Ellison, Chairman and Chief Executive Officer of Skydance
Barbara Byrne, Former Vice Chairman of Barclays PLC (Independent Director)
Andy Campion, Chairman and CEO of Unrivaled Sports (Independent Director)
Gerry Cardinale, Founder, Managing Partner, and Chief Investment Officer, RedBird Capital Partners
Safra A. Catz, Executive Vice Chair and Former CEO, Oracle Corporation
Andy Gordon, President of Skydance
Justin G. Hamill, Managing Director and Chief Legal Officer, Silver Lake (Independent Director)
Lauren Powell Jobs, Founder and President, Emerson Collective (Independent Director)
Bobby Kotick, Founder and former CEO of Activision (Independent Director)
Ynon Kreiz, Co-Chief Executive Officer of Skydance
Sherry Lansing, Former Chairman and CEO of Paramount Pictures (Independent Director)
Paul Marinelli, President, Lawrence Investments, LLC
John L. Thornton, Chairman of RedBird Capital Partners
CRYPTO
CryptoSlate
07 Oct 2026 · 17:15
Bitcoin rally delivers $4.1 billion tax windfall for Strategy
Strategy’s October filing shows an accounting consequence. ETF cost estimates measure fund holdings, while redemptions determine how Bitcoin leaves. The post Bitcoin rally delivers $4.1 billion tax windfall for Strategy appeared first on CryptoSlate. …
Strategy’s October filing shows an accounting consequence. ETF cost estimates measure fund holdings, while redemptions determine how Bitcoin leaves.
The post Bitcoin rally delivers $4.1 billion tax windfall for Strategy appeared first on CryptoSlate. Strategy estimated a $4.1 billion income-tax benefit after Bitcoin's fair value rose above cost as of Sept. 30, according to its Oct. 5 filing. The benefit comes from a lower estimated tax expense th…
CRYPTO
Crypto Briefing
07 Oct 2026 · 17:00
AI infrastructure boom creates billionaires in unexpected industries: Bloomberg
The AI infrastructure boom is generating significant wealth across diverse industries, according to a recent report highlighted by Bloomberg. Companies like Taiwan’s King Slide Works and Japan’s TOTO, traditionally associated with non-tech sectors, have …
The AI infrastructure boom is generating significant wealth across diverse industries, according to a recent report highlighted by Bloomberg. Companies like Taiwan’s King Slide Works and Japan’s TOTO, traditionally associated with non-tech sectors, have pivoted to supply critical components for AI data centers, resulting in substantial fortunes for their founders. This trend underscores a broader surge in technology-driven wealth, with the Bloomberg Billionaires Index showing an $845 billion increase through September 2026. The expansion of value creation beyond traditional tech sectors to include suppliers of server hardware and semiconductor components reflects a shift in the landscape of AI-driven economic growth.
Key Takeaways
The AI infrastructure boom appears to be generating wealth beyond traditional tech sectors, impacting diverse industries.
Market pricing suggests participants view this report as supportive of positive sentiment towards AI companies, potentially influencing valuations.
The current dynamics in AI infrastructure supply chains could indicate increased valuation prospects for companies like Anthropic.
What to Watch
Anthropic’s valuation prospects remain under scrutiny as the AI infrastructure boom continues to unfold. Key developments to monitor include new funding rounds, investment activity from strategic partners like Amazon and Google, and market demand for Anthropic shares. Any announcements regarding Anthropic’s revenue growth, enterprise contracts, or strategic initiatives could provide further indications consistent with valuation increases. As the December 31 deadline approaches, market participants will likely watch for indicators that align with the projected valuation targets.
MACRO & FED
TheWrap
07 Oct 2026 · 16:45
Skydance Adds Laurene Powell Jobs and Bobby Kotick to Board of Directors, Tony Blair to Advise
Jobs and Kotick join Ynon Kreiz as new additions to Paramount's existing board The post Skydance Adds Laurene Powell Jobs and Bobby Kotick to Board of Directors, Tony Blair to Advise appeared first on …
Jobs and Kotick join Ynon Kreiz as new additions to Paramount's existing board
The post Skydance Adds Laurene Powell Jobs and Bobby Kotick to Board of Directors, Tony Blair to Advise appeared first on TheWrap. Former Activision Blizzard CEO Bobby Kotick and Emerson Collective founder Laurene Powell Jobs have been appointed to Skydance’s board as independent directors, while former UK Prime Minister Tony Bl…
MACRO & FED
Variety
07 Oct 2026 · 16:45
Skydance Adds Bobby Kotick and Laurene Powell Jobs to Board, Taps Tony Blair as Adviser
Skydance Corp., formed from the megamerger of Paramount and Warner Bros. Discovery, is bringing new blood to its board of directors. On Tuesday, the company announced that Laurene Powell Jobs, founder and president of …
Skydance Corp., formed from the megamerger of Paramount and Warner Bros. Discovery, is bringing new blood to its board of directors.
On Tuesday, the company announced that Laurene Powell Jobs, founder and president of Emerson Collective, and Bobby Kotick, founder and former CEO of Activision, are joining the board as independent directors. As previously announced, Ynon Kreiz, the ex-Mattel CEO who joined the company as co-CEO this week, also is joining the board. David Ellison is serving as Skydance’s chairman and CEO.
In addition, former U.K. Prime Minister Tony Blair will serve as an adviser to Skydance board. Blair will be acting in a personal capacity. He currently serves as executive chairman of the Tony Blair Institute for Global Change, a not-for-profit organization.
Popular on Variety
“I am delighted to welcome Laurene and Bobby to our Board and honored to have Tony join us as an adviser,” Ellison said in a statement.
Ellison called Powell Jobs, who was married to Apple’s Steve Jobs, “a true visionary and one of the great institution builders of our time. Her vision, judgment and unwavering commitment to high-quality journalism and media investments make her a truly exceptional addition to our board.” Emerson Collective combines “philanthropy with venture capital investing to support entrepreneurs tackling complex global challenges,” per Skydance’s announcement. Among its other investments, Emerson Collective is the majority owner of The Atlantic.
Regarding Kotick, Ellison said, “Bobby led a global entertainment company through three decades of sustained growth, and he brings real perspective on building enduring franchises and connecting with fans. His record of pairing bold strategic moves with disciplined capital allocation is exactly the experience we need as we bring our businesses together.”
Kotick left Activision in 2023 after more than three decades following Microsoft’s acquisition of the gaming company.
And about Blair, Ellison commented, “Tony has led at the highest levels of government, respected for his intellect, strategic vision and ability to bring people together around bold, forward-looking ideas. His global perspective and insight will be invaluable as we turn ambition into results.”
The board will include all current members of Paramount’s board. The 13 Skydance board director-designees are as follows:
CRYPTO
Crypto Briefing
07 Oct 2026 · 16:45
Bitwise CIO Matt Hougan says Bitcoin is maturing into digital gold
Hougan points to Bitcoin's annualized volatility falling from 66% to 44% as evidence the asset is on track to become a store of value Bitcoin has spent most of its life as the market’s …
Hougan points to Bitcoin's annualized volatility falling from 66% to 44% as evidence the asset is on track to become a store of value
Bitcoin has spent most of its life as the market’s most dramatic asset. According to Bitwise Chief Investment Officer Matt Hougan, it is slowly learning to calm down.
In an opinion piece for The Wall Street Journal titled “Bitcoin Is Right on Schedule,” Hougan argues that Bitcoin’s falling volatility shows it is maturing into digital gold. His central data point: annualized volatility of 66% over the past decade, compared with 44% over the last year.
The numbers behind the argument
The op-ed, dated October 5, 2026, takes aim at a familiar criticism. Skeptics have long argued that an asset this jumpy can’t serve as a store of value.
Hougan acknowledges that the current level of volatility remains substantial. His case is about direction, not arrival.
Over the previous year, Bitcoin traded anywhere between $58,000 and $126,000, and it sat around $85,000 when the article was published.
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The Nasdaq-100 benchmark
The most interesting part of the argument is the comparison Hougan draws to the Nasdaq-100. The index of large tech stocks currently shows volatility in the mid-20% range.
Hougan believes Bitcoin’s volatility could soon drop below Nasdaq-100 levels. That is a forecast, not a done deal, and it would require the asset to roughly halve its volatility again from the past year’s reading.
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Hougan also offers a long-view reminder of where Bitcoin started. The asset has climbed from under $1 to around $85,000.
Why lower volatility is the point
Hougan rejects the reading that reduced volatility signals fading excitement. He argues that reduced volatility reflects growing market participation, not stagnation.
When an asset is held by a small group of enthusiasts, a handful of big trades can move the price sharply. As more participants arrive, each individual trade matters less, and price swings tend to smooth out.
Hougan frames this as the expected path as institutional adoption broadens. In his telling, Bitcoin is moving from a heavily speculative vehicle toward a more mature investment, and the volatility data is the receipt.
What this means for investors
For allocators, the volatility trend matters more than any single price print. Many institutional portfolios size positions based on risk, and volatility is the main input for measuring it.
An asset running at 66% volatility gets a tiny allocation, if any. An asset running at 44% can justify a somewhat larger slice under the same risk budget. And if Hougan’s forecast holds and Bitcoin dips below Nasdaq-100 levels, the math changes again.
The key metric to track from here is the gap between Bitcoin’s rolling volatility and the Nasdaq-100’s mid-20% range. If that gap keeps narrowing, Hougan’s claim that Bitcoin is right on schedule will look increasingly credible.