Morgan Stanley said the market had been too optimistic on Meituan's food-delivery unit economics recovery and the normalization of competition in its in-store business, but recent share-price weakness has made expectations more reasonable and created an entry point, according to ETNet. The broker kept its forecast that food-delivery unit economics will recover to RMB1 per order next year and said the market has largely priced out concerns. It also said Meituan's long-term growth potential in other in-store businesses has not been fully reflected, leaving room for upside. Morgan Stanley maintained its Overweight rating and HK$110 target price. On competition, the broker said Douyin expanded aggressively in in-store dining in the first half of this year, narrowing the gap in gross merchandise value with Meituan, and expects competition to remain intense in the near term. It nevertheless expects Meituan's core competitiveness in other physical-store businesses to remain intact, with a 60% restaurant market share and continued share in other in-store businesses. Morgan Stanley said it remains confident in Meituan's long-term potential, but competition will pressure near-term profits. It forecast Meituan's core local commerce operating profit at RMB14 billion, RMB50 billion and RMB60 billion for 2026 to 2028. In e-commerce, it ranked Alibaba, Meituan, PDD and JD.com in that order.

Hong Kong stocks fell for a fifth straight session and hit a near two-month low as U.S. Treasury yields rose again and markets priced in a 70% chance of a rate hike next week, according to Ming Pao. Overnight U.S. equities declined, while U.S. futures were mixed this morning. Asian markets also weakened, with Japan's market down more than 3%, South Korea's market down more than 2%, Shenzhen's market down 2.7%, Shanghai's market down 1.8% and Taiwan's market down more than 1.5%. Hong Kong's decline was less than 1%.

According to Jin10, Xingyun Technology said the profit margins of its orders on hand are affected by upstream supplier purchase prices. The company said its core long-term contracts use a monthly delivery, monthly payment, and monthly revenue recognition model, and that if upstream supplier purchase prices rise or fall, signed but undelivered orders may still be subject to negotiated adjustments to service contracts based on market conditions. It also said it is constrained by multiple factors, including upstream hardware supply, procurement cycles, financing, production capacity, and delivery and operations capabilities, and that adverse changes in these conditions or weaker-than-expected resource access could affect revenue and profit realization in related businesses.

According to Sina Finance, the Central News Agency and the Hong Kong Economic Times, Asian equities broadly retreated at midday Friday after a hotter-than-expected U.S. August producer price index, a jump in oil prices to a near five-month high and 10-year Treasury yields approaching 5% lifted bets on a Federal Reserve rate hike next week to about 70%, pressuring rate-sensitive and metals sectors. Tokyo's Nikkei 225 sank to 63,630.11 as of 04:33 UTC, down 1,640.84 or 2.51%, with chip-related names among the heaviest losers; Advantest fell 7.40% and Tokyo Electron dropped 4.01%. Seoul's KOSPI, which opened down 3.29%, was at 6,853.07 as of 04:33 UTC, off 180.85 or 2.57%. Chip heavyweights weighed on the index, with Samsung Electronics down 4.18% and SK Hynix off 3.78%. Hong Kong stocks closed the morning session lower, with the Hang Seng Index down 0.85% at 24,742.51 and the Hang Seng Tech Index off 0.79% at the half-day break. Non-ferrous metal names slid, with Jiangxi Copper down 10.65% after LME copper tumbled on stalled U.S. tariff plans; property developers and storage-chip stocks also weakened, while Tencent bucked the trend, up 1.03% at HK$430.00, and Xiaomi added 1.23%. Taiwan's TAIEX was at 46,326.10 as of 04:32 UTC, down 1.31%, having fallen more than 900 points intraday to a low of 45,964 and breaching the 46,000 level; TSMC eased 1.22% to NT$2,420 and MediaTek fell 2.44%. In mainland China, the Shanghai Composite ended the morning down 1.82% at 3,862.73, the Shenzhen Component off 2.34% at 13,298.77 and the ChiNext Index down 2.04% at 3,270.35, with precious- and industrial-metal shares leading declines while defense and power names traded higher.

أُجريت مقابلة مع آرثر هايز في بودكاست، حيث ناقش البيئة الاقتصادية الكلية العالمية وآفاق سوق العملات المشفرة.

Ripple is adding AI agents to Ripple Treasury, the corporate treasury business it spent $1 billion to enter last year. According to NS3.AI, the tools can monitor cash, risk, and forecasts, and recommend actions. People must approve any action before it is executed.

PPP prediction market tool monitoring shows OpenAI's probability of having the best image editing AI on Polymarket at the end of September is 93%, up 43% over the past week. According to Odaily, the market will settle based on the company behind the model ranked first on arena.ai's "Image Edit Arena" leaderboard at 12:00 p.m. Eastern Time on September 30, 2026. The settlement will use the Image Edit Arena overall leaderboard filtered to "Models." Models marked "AutoEval" will not count, while models marked "Preliminary" may participate. If multiple models share the same rank, the one shown higher on the leaderboard will take priority; if they are still tied, the company names will be ordered alphabetically. If the leaderboard is temporarily unavailable at settlement time, the market will remain open until it can be checked again. If the leaderboard becomes permanently unavailable, the market will settle as "Other."

Asian refiners have bought large volumes of U.S. crude for October shipment, with 18 to 20 very large crude carrier slots already booked by mid-month. According to Sina Finance, the total purchase volume is about 36 million to 40 million barrels. The buyers include refiners in Japan, South Korea, Singapore, and other parts of Southeast Asia. The larger U.S. crude buyers so far include Cosmo Oil, Idemitsu Kosan, and SK Energy. Landed prices for U.S. crude shipped to Asia have continued to rise, and October-shipment cargoes were priced at about $30 a barrel above the Dubai benchmark this week. U.S. crude shipped in October on very large crude carriers typically arrives in Asia around December.

According to Jin10, Dubai Airport CEO Paul Griffiths said the new airport may place some areas underground to guard against possible future drone or missile attacks, and that fuel tanks and other critical infrastructure could be located underground while other areas may need additional reinforcement.

تتجاوز السلطات الأمريكية نطاق عمليات الاحتيال الفردية في مجال العملات المشفرة، وتستهدف البنية التحتية المالية والاتصالات التي يُزعم أنها تساعد مراكز الاحتيال واسعة النطاق في جنوب شرق آسيا على نقل وغسل أموالها.

أصبح رأس المال الناتج عن الذكاء الاصطناعي محركاً رئيسياً للنمو، لكن خطر التركيز المفرط يقترب من نقطة تحول هيكلية.

قام الجمهوريون بتعديل الأحكام المتعلقة بالتمويل اللامركزي (DeFi) والاتحادات الائتمانية في مشروع القانون، لكن احتمال إجراء تصويت إجرائي يوم الثلاثاء المقبل لا يزال غير مؤكد؛ ولم يعلن البيت الأبيض موقفه بعد بشأن بند الأخلاقيات.

استأنفت شبكة ليكويد إنتاج الكتل بعد هجوم إلكتروني بقيمة 320 مليون دولار أمريكي، استنزف حوالي 4000 بيتكوين من محفظة الاتحاد الخاصة بها، حيث أعاد المهاجمون لاحقًا 3400 بيتكوين. ولا تزال المعاملات وعمليات الربط معلقة ريثما تُصلح ليكويد ثغرة برنامج Elements وتعمل على استعادة احتياطيات البيتكوين، والتي لا تزال حوالي 598.5 بيتكوين غير مستغلة.

الذكاء الاصطناعي، ماجستير القانون، القانون، تنظيم السياسات، رفض الثنائية المعارضة: ينبغي الالتزام بالتقييم القانوني والنهج القائم على الأدلة في ممارسات تقطير النماذج الكبيرة. التمويل الذهبي: أين تكمن الحدود القانونية وراء المظهر المحايد ظاهريًا لتقنية تقطير النماذج الكبيرة؟

تُعدّ PumpFun من أكثر الشركات ربحيةً في عالم العملات الرقمية، لكنها تعاني أيضاً من مشاكل مثل نقص الشفافية وضعف حوافز الرموز. وسيكون قدرتها على مواجهة تأثير Pons وStoneFun عاملاً حاسماً في تحديد قدرتها على الحفاظ على ميزتها التنافسية.

لا بدّ أن تتلاشى قيمة العملات الرقمية التي يصدرها المشاهير؛ فدورة الميمات ستنتهي في نهاية المطاف. لا تخلط بين المضاربة والاستثمار.

مع استمرار TradeXYZ في إضافة أسواق تداول جديدة، تتزايد حصتها من حجم التداول داخل البورصة. ويؤدي كل سوق تداول جديد إلى زيادة صافية في عدد المستخدمين، وقد ساهمت عدة عوامل اقتصادية كلية على مدار العام في تسريع هذا النمو.

تفاعل سوق السندات قبيل صدور مؤشر أسعار المستهلكين يوم الجمعة. ارتفع عائد سندات الخزانة الأمريكية لأجل 10 سنوات إلى 4.943%، وزادت احتمالية رفع الاحتياطي الفيدرالي لأسعار الفائدة الأسبوع المقبل إلى 71%. يساور السوق قلق من احتمال تشديد الاحتياطي الفيدرالي لسياساته النقدية مجدداً، وسيكون العامل الحاسم هو قدرة مؤشر أسعار المستهلكين على توجيه الضربة القاضية.