Gold Prices Slip as High Treasury Yields Weigh on Bullion 
US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds 
TD Cowen Starts SpaceX at Buy, Sees AI Compute Driving Growth 
QNT Whales Move $10M to Exchanges After 400% Rally 
Pepco Raises FY26 Earnings Outlook, Unveils €400 Million Buyback 
BlackRock Sees AI Agents Fueling New Crypto Demand 
Google Pays Publishers for AI Search Content in New Pilot 
Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions 
Binance Pay Goes Live at PayPay Merchants in Japan 
XRP Price Targets $1.70 as Bullish Momentum Builds 
BMW Targets 3%-5% Auto Margin by 2028 in Recovery Plan 
DeepSeek, Huawei Partner on Ascend AI Chip Programming Tools 
Anthropic Targets $2 Trillion Valuation in Planned IPO 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Robinhood Chain Meme Coins Slide as Stock Token Locks Rise 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Add as a preferred source on Google
Production suspensions pulled down the shares of Shenzhou International Group, a supplier of global brands such as Nike, Uniqlo, and Adidas, 7.9 percent at the Hong Kong Stock Exchange, slicing $760 million. from the fortune of its chairman, Ma Jianrong.
Covid disruptions led to production suspensions in the mainland city where Shenzhou is headquartered.
Shenzhou announced that 10 Covid cases have been discovered in a Ningbo city district, causing local authorities to start “large-scale nucleic acid testing work” in the affected area.
The group said it is actively cooperating with the lockdown and isolation measures and expects some of the production sites in the Beilun district, Ningbo will be affected by a short-term production suspension.
Shenzhou added that it will actively evaluate and assess the impact of the epidemic on its operations and make further announcements concerning lockdown measures.
Last year, Shenzhou managed to avoid heavy fallout from Covid-19 disruptions at its Southeast Asia plants with help from capacity at home in China.
