Anthony Scaramucci and crypto-focused Hivemind Capital are backing a new company that plans to purchase digital tokens issued on the Avalanche blockchain — the first venture of its kind.AgriFORCE Growing Systems, originally an agriculture-tech firm that pivoted into bitcoin mining, announced it will raise around $550 million from external investors to acquire AVAX tokens. Scaramucci, the SkyBridge Capital founder and former Trump adviser, will join as head of the advisory board, helping to guide fundraising and marketing.Hivemind, led by ex-Citigroup executive Matt Zhang, has put in what it calls a significant investment. Zhang is slated to chair the new board. Together, Scaramucci, Hivemind, and other investors will hold a controlling stake in the company, which will rebrand as AVAX One.The Wall Street Journal (gated) carried the report. AgriFORCE surged 134% on Monday. Bitcoin drifted a little net lower. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

South Korea’s PPI fell 0.1% in August, the first decline since May, driven by SK Telecom’s one-off 50% bill discount after a data breach. Without the telecom effect, producer prices would have risen modestly. On the year, PPI still gained 0.5% for a 25-month growth streak. Supply prices (the domestic supply price index, which includes imports) rose 0.2% on costlier raw materials, while consumer inflation eased to 1.7%, the slowest in nine months. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

The U.S. dollar may come under pressure if the Supreme Court allows President Trump to dismiss Federal Reserve Governor Lisa Cook, Commerzbank’s Thu Lan Nguyen wrote in a note. She said the ruling could have “far-reaching consequences,” shaping not only the Fed’s independence but also Trump’s broader policy agenda, including tariffs.Nguyen warned that a Trump victory would make clear that officials resisting his demands for lower rates could face removal. This would raise the likelihood of faster and larger Fed rate cuts, a scenario likely to weaken the dollar. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

Tesla shares gained after Piper Sandler analyst Alexander Potter raised his price target to $500 from $400. Potter’s upgrade followed a trip to China, where he said leading EV makers such as Xiaomi, Li Auto, and Leapmotor acknowledged Tesla as the leader in AI and self-driving technology.He noted Chinese automakers may be ahead in vehicle assembly, but Tesla outpaces them in AI infrastructure and machine development. Potter highlighted positive feedback on Tesla’s latest full self-driving system and forecast a record Q3 sales quarter. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

Goldman Sachs lifted its year-end target for the S&P 500 to 6,800 from 6,600, pointing to a 2% gain from the latest close, citing a more dovish Federal Reserve and resilient corporate earnings.In a Friday note, the bank also raised its six- and 12-month return forecasts to 5% and 8%, implying S&P 500 levels of 7,000 and 7,200. The Fed last week cut rates for the first time since December and flagged further reductions in October and December as the labor market softens.Goldman continues to project quarter-point cuts at both meetings, a view shared by most major brokerages. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

Christian Hawkesby is the interim Governor of the Reserve Bank of New Zealand (RBNZ).He was appointed as Governor when Orr stepped down abruptly. It looks like Hawkesby has missed out on a permanent appointment though, the new governor will be a woman not currently on the board at the bank (ie an outsider) according to unconfirmed reports. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

Germany’s federal and state tax revenues rose 2% in August from a year earlier to €63.2 billion ($74.4 billion), the finance ministry reported Tuesday, though it cautioned that no near-term pickup in economic momentum is expected.The eurozone’s largest economy contracted in 2024 for a second straight year and faces fresh pressure from U.S. tariffs given its reliance on exports. Leading indicators, the ministry said, do not suggest “a noticeable acceleration in economic momentum in the short term.”From January through August, tax revenues increased 6.8% year-on-year to €576.5 billion. For 2025, analysts forecast total tax revenues will rise 3.7% to €893.3 billion. The U.S. remained Germany’s biggest trading partner in 2024, with two-way goods trade reaching €253 billion. —Rising tax receipts provide fiscal support, but Germany’s growth remains constrained by weak demand and external tariff risks. Heavy reliance on exports leaves Germany vulnerable to U.S. trade measures, a key downside risk. For now, though, euro supportive. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

Australian preliminary / flash S&P PMI for September 2025:Composite: 52.1 (prior 55.5) Manufacturing: 51.6 (prior 53.0) Services: 52.0 (prior 55.8) In summary from the report:weaker business activity as new orders slowed and manufacturing slipped back into contraction under U.S. tariff pressureexport demand softenedconfidence fell to a one-year lowjob growth held steadyprice pressures remained elevated, with rising input costs squeezing manufacturers’ margins—Yesterday we had Reserve Bank of Australia Governor Bullock nodding to improving data. This might give pause. No discernable AUD impact from this, there rarely is. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)