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Australian shares plunge 3.6%, worst performance of 2020
08-05 06:42
Odaily News Australia's S&P/ASX 200 index closed down 3.6%, its biggest one-day drop since May 2020, as global investors worried about the possibility of a recession in the United States. Australian stocks have fallen 5.7% since hitting a new high last Thursday. All 11 sectors closed lower, with heavyweight financial stocks falling 5.0%, marking their worst day since June 2020. Stocks in all industries fell, with ANZ, National Australia Bank, Westpac and Commonwealth Bank falling between 4.5% and 5.7%. Technology stocks performed even worse, with Xero, WiseTech and Life360 falling between 5.55% and 9.05%. (Jinshi)
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2025-08-03 15:08:44
Satoshigallery: Satoshi Nakamoto sculpture found
Odaily Planet Daily reported that Satoshigallery posted on the X platform that the Satoshi Nakamoto sculpture had been found and expressed gratitude to the Lugano City Government. It was reported that the sculpture was thrown into a nearby lake.
2025-08-03 14:03:19
Trump and Treasury Secretary Benson are actively searching for the next Federal Reserve chairman.
Odaily Planet Daily reported that when talking about the selection of the next Federal Reserve Chairman, Hassett, Director of the White House National Economic Council, said that US President Trump is actively looking for candidates with Treasury Secretary Bensont.
2025-08-03 14:01:59
U.S. Trade Representative says tariff policy will remain largely unchanged
According to Odaily Planet Daily, U.S. Trade Representative Greer stated on August 3rd local time that the new round of tariffs imposed by President Trump on several countries last week are "essentially set" and will not be adjusted during the current negotiations. These tariffs include 35% tariffs on imports from Canada, 50% tariffs on Brazil, 25% tariffs on India, and 39% tariffs on Switzerland. Greer stated that some tariffs are set based on bilateral trade surpluses and deficits, and that "these rates are essentially fixed." (Jinshi)
2025-08-03 13:36:41
Hassett: Not eager to run Bureau of Labor Statistics
Odaily Planet Daily reported that Hassett, director of the White House National Economic Council, said he is not eager to take charge of the Bureau of Labor Statistics, saying that despite the poor employment report, the economy is "smooth sailing." (Jinshi) Earlier news, US President Trump fired the current director Erika McEntarfer due to weak non-farm data, and William Wiatrowski will serve as acting director of the U.S. Department of Labor.
2025-08-03 12:43:24
The Blue Origin spacecraft that Sun Yuchen took has been launched
Odaily Planet Daily reported that according to the live broadcast of Blue Origin, the Blue Origin spacecraft New Shepard, which carried Justin Sun, has been launched. It is reported that Justin Sun successfully won a seat on the New Shepard's first manned flight for US$28 million, and said that he would donate all the bidding funds to the Blue Origin Future Club to support STEM education for young people around the world.
2025-08-03 12:22:05
Michael Saylor: Winter Won't Come Back
According to Odaily Planet Daily, Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor has not yet released any information about his Bitcoin Tracker on the X platform, stating only that "winter will not return." Based on past experience, he typically discloses Strategy's Bitcoin holdings the day after releasing Bitcoin Tracker information.
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周榜
Satoshigallery: Satoshi Nakamoto sculpture found
Trump and Treasury Secretary Benson are actively searching for the next Federal Reserve chairman.
U.S. Trade Representative says tariff policy will remain largely unchanged
Hassett: Not eager to run Bureau of Labor Statistics
The Blue Origin spacecraft that Sun Yuchen took has been launched
Michael Saylor: Winter Won't Come Back