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Fed and BOJ Hike in the Same Week, and the Yen Blinked First
The Federal Reserve raised rates 25bp and the Bank of Japan followed to 1.25% — a 31-year high. Wall Street ended the week mixed, bitcoin lurched higher, and the yen’s slide forced a reported rate check.
Buffett Hands Berkshire's Chair to Howard, and Greg Abel Keeps the Corner Office
Warren Buffett, 96, stepped down as Berkshire Hathaway chairman and became chairman emeritus, with son Howard taking the chair. Greg Abel runs the company — and Buffett framed the split as culture versus operations.
UBS Doubles Its AI Capex Call to $1 Trillion — and Memory Eats Most of It
UBS now models AI capex at $998bn this year, up from $506bn in 2025, and $1.447tn in 2027. Memory spending alone is forecast to go from $71bn to $923bn — about 60% of this year’s entire increase.
Bitcoin Clears $81,000 as a Short Squeeze Beats the Rate Shock
Bitcoin jumped above $81,000 after trading near $76,400 a day earlier, up 5.6% and back above $80,000 for the first time since Sept 7 — even as the Fed and BOJ both hiked and a US crypto bill stalled.
Gold's $5,400 Target Holds Even After the Fed Hiked — and Oil's Shipping Lanes Are Under Fire
Goldman kept its $5,400/oz gold forecast for end-2027 despite this week’s Fed hike, as Saudi Arabia issued air-raid alerts with Bab el-Mandeb traffic falling to 26-35 vessels a day.
Europe Pays for a $2.7 Billion US Air Defense Package for Ukraine
The State Department approved a $2.7bn military sale to Ukraine covering S-300 clone missiles, GAM-67 missiles, laser-guided rockets, launcher modification kits and counter-drone radars — financed by European contributions plus US Foreign …