The US Justice Department has backed OpenAI, arguing that training AI models on copyrighted material can qualify as fair use and warning that licensing costs could hurt smaller developers.

China's central bank said preliminary data showed that at the end of the second quarter of 2026, total assets of China's financial institutions reached 562.2 trillion yuan, up 7.7% year on year, according to Jiemian News. Bank assets totaled 497.98 trillion yuan, up 6.6%; securities firms' assets were 20.37 trillion yuan, up 29.8%; and insurers' assets were 43.86 trillion yuan, up 11.8%. The central bank also said liabilities of China's financial institutions stood at 514.48 trillion yuan, up 7.9% from a year earlier. Bank liabilities were 458.37 trillion yuan, up 6.8%; securities firms' liabilities were 16.32 trillion yuan, up 36.6%; and insurers' liabilities were 39.79 trillion yuan, up 12.2%.

Andrew Sheets, Morgan Stanley's global head of fixed income research, said investors are skeptical that Treasury actions can change the broader picture in a major way, according to Bloomberg. Treasury Secretary Scott Bessent recently pledged to increase purchases of long-dated bonds, a move widely seen as an effort to push down yields in the world's most important debt market. Sheets also discussed the outlook for US economic data and Federal Reserve policy on Bloomberg Television.

According to Jin10, the final S&P Global UK services purchasing managers' index rose from 52.1 in July to 52.5 in August, its strongest growth since April. S&P Global Market Intelligence Economics Director Tim Moore said the August data highlighted an improvement in overall business conditions in the UK services sector, and that business and consumer spending returned to growth after declining in the second quarter of 2026.

Hong Kong's total short selling value fell 11.09% to HK$42.075 billion, with short selling accounting for 21.1% of market turnover, down from 21.84% the previous day, according to Ming Pao. The ratio was the lowest since August 31, when it stood at 19.71%.

Aeren International (00684) said its public float stood at 24.04% as of the announcement date, still below the 25% minimum required under the listing rules. The company said it had explored the possibility of certain connected persons selling shares to restore the public float, but discussions faced major obstacles because shareholders have their own investment plans and the company cannot control the timing, scale or method of any disposals, according to ETNet. It also noted that if connected persons sell shares, existing major shareholders or their associates may take up the stock, which would not materially improve the public float. Aeren International said it is actively considering other options to achieve the target in a more cost-effective way. Despite repeated efforts, it has not restored the public float within the original timetable, citing factors including continued share accumulation in the open market by some shareholders, reluctance by approached major shareholders to reduce holdings, and the costs associated with adopting a share scheme. The company said it needs additional time and has extended the deadline for restoring the public float by another six months from the date of this announcement, to March 2027.

Sinopec Oilfield Service (01033) said it has received the written resignation of Wu Bozhi, who stepped down as chairman, legal representative, executive director, chairman of the board strategy committee and a member of the nomination committee, according to ETNet. The resignation took effect immediately. Wu will no longer hold any position at the company or its subsidiaries.

Federal Reserve Chair Kevin Warsh struck a hawkish tone in his speech at the Jackson Hole global central bank symposium last Friday, but Invesco Global Head of Research Benjamin Jones said the remarks did not change his forecast for rates to stay unchanged for the rest of the year, according to ETNet. Warsh reiterated the Fed's commitment to its 2% inflation target and said inflation has missed that goal for 65 straight months. He also said it is hard to describe overall financial conditions as restrictive and that the Fed should focus on prices for now. Jones said the speech showed Warsh was not feeling any political pressure to cut rates and helped explain why long-dated U.S. Treasury yields briefly eased during the speech. He added that the Fed is gradually removing the signposts markets use to judge policy direction, which could push investors to demand more compensation for risk and lift term premiums. Jones also said the U.S. labor market remains resilient, citing a Bureau of Labor Statistics quarterly benchmark revision that cut job gains for the April 2025 to March 2026 period by 79,000. He said corporate earnings have also been strong, with S&P 500 companies posting one of the best ratios of beats to misses in decades, while Europe and Japan also recorded double-digit earnings growth. On the dollar, Jones said he is unsure it can keep strengthening. He said higher yields and a hawkish Fed usually support the currency, but if long-term yields rise because investors want extra compensation rather than because they are confident in growth, the dollar may not benefit. He added that a rise in the U.S. 10-year Treasury yield to 5% would not necessarily be a major problem, while a sharp drop in yields would be more concerning.

According to Jin10, Guangyang Shares said its stock has posted an abnormal trading move after the cumulative deviation in its closing price rose more than 20% over two consecutive trading days. The company said its robot business remains in the market expansion stage, with first-half 2026 revenue of 9.9941 million yuan, accounting for a relatively small share of total revenue and not yet profitable.

Norway is moving to tighten rules around smart glasses and considering a ban on facial recognition in public spaces as governments and privacy advocates grapple with a new problem: cameras and artificial intelligence that people can wear on their faces.

Blockchain: Throughput is Just the Entry Ticket. What Does the Financial Market Really Need from Blockchain? Golden Finance: Throughput is Just the First Test.

Tether froze $42.4 million worth of its USDt months before US authorities obtained a court order to seize the funds. Now, two Thai businessmen whose wallets held the stablecoins are taking the company to court, turning a $61 million pig-butchering investigation into a much bigger fight over who has the power to freeze crypto.

Federal Reserve Chairman Kevin Warsh's target for monetary policy is, in effect, a super-version of a moving target. The key question is, after the Fed sets its interest rate policy, the target shifts again—is it truly aiming and firing?

Thailand’s SEC has introduced new crypto Travel Rule requirements that will make regulated platforms collect and share more information about people involved in transfers. The rules take effect on 27 February 2027 and will require checks on self-hosted wallet ownership or control, with transfer records kept for at least five years.

CrowdStrike is taking a new approach to AI-powered cybersecurity with SafeMind, a system designed to bring offensive and defensive security capabilities together in a continuous testing loop.

Meme first brought in users, and then stocks and tokens began to supplement the asset layer. What truly determines the upper limit of this chain is whether these assets can be converted into long-term liquidity and enter the lending and derivatives system.

We contributed 1.5% of trade.xyz's total trading volume and can now wait for Hyperliquid's next quarterly airdrop.

Artificial intelligence, chips, semiconductors, Wall Street, "better than expected" but not as expected: Wall Street reassesses Broadcom. Golden Finance reports that AI chips brought in $16.7 billion in a single quarter.