
DXY Rises to 99.60 Five-Session High After Fed Hike
Dollar index (DXY) hit its highest since April on the Fed's 25bp hike to 3.75%-4.00% and hawkish dot plot.
Daily Digest
Daily Digest

Dollar index (DXY) hit its highest since April on the Fed's 25bp hike to 3.75%-4.00% and hawkish dot plot.

5:00Before there were coins, there were commodities - useful things that doubled as money. A short walkthrough of why salt, cattle, and gold became the world's first currencies, the five properties that decided which commodities won, and the built-in instability of money you could also eat, milk, or wear.

S&P 500 (.SPX) rebounds Thursday after the Dow's 631-point crash on the Fed's first rate hike since 2023.

Comprehensive Economic and Trade Agreement (CETA)



Temporal (USA) — AI durable workflow infrastructure company raises $550M Series E at a $12.55B valuation, co-led by Lightspeed, as its open-source installs surpass 43 million and its 4,300+ paying customers include OpenAI, Netflix, and JPMorgan.

Bank of England's

Holtec Nuclear (HNUC) pulled its $900M Nasdaq IPO after nuclear peers fell as much as 37% from IPO price.

Dow (^DJIA) fell 800 points as Fed dot plot showed 16 of 18 officials backing another 2026 hike.
Yen (USD/JPY) up 3.5% in September to ¥154 per dollar as back-to-back rate hikes squeeze carry trades.

Federal Reserve
5:00Once communities agreed money was money, the next problem was proving it. A short walkthrough of how the first stamped coins replaced weighing-and-biting with institutional trust - collapsing transaction costs, enabling vast empires, and introducing a brand-new failure mode: debasement, the silent inflation that toppled currencies long before paper money existed.



August starts hit 1.24M (ITB -1.1%), an 8% miss as 6.76% rates deter builders for a second straight month.

FedEx Corporation
FedEx (FDX) fell to $301.72 as oil crested $109 and the Fed's first rate hike since 2023 hit freight stocks.
Morgan Stanley cut Expedia (EXPE) to Underweight at $235 on hotel direct-booking risk and consumer weakness.
4:42
housing starts

Anthropic

CloudNC (UK) — London-based AI precision machining startup raises €17.2M Series B extension from Nimble Ventures and Lockheed Martin's VC arm, now serving over 1,000 machine shops globally.



Tesla (TSLA) faces $139M NHTSA fines over Cybercab safety certification without a steering wheel or pedals.
6:02For most of the 20th century, money was tethered to gold - and then, in a single August evening in 1971, that tether was cut. A short walkthrough of how the gold standard actually worked, why a fixed gold price ($35 an ounce) became an economic straitjacket, what Bretton Woods tried to do, why Nixon ended gold convertibility, and why fiat money - backed by nothing but trust - turned out to be more flexible, more resilient, and the foundation of every modern economy.

The Bank of Japan begins its September 17-18 policy meeting as markets price a 97% probability of a 25-basis-point rate increase to 1.25% -- the first time in this normalization cycle both the BOJ and...


NRG Energy (NRG) sank 4.9% to a 52-week low as the 10-year Treasury yield hit 5.04%, a 19-year high.

Magnitude Biosciences (UK) — Raises £1.5M to bring VivoScan, its proprietary technology for testing drug candidates in living organisms, to the broader market.

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Ursula von der Leyen