Comma News10-year Treasury yield drops to 4.96%, from 5.13%
Treasury data show the 10-year closed Oct 22 at 4.96%, its biggest one-day drop since March 2023 per Reuters, as money left AI stocks.
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Business
HSBC launches HKD stablecoin for 3.3M PayMe users
HSBC's first stablecoin, RedCoin, licensed by the HKMA, went live Oct 23 for transfers and payments at 100,000+ merchants, putting a regulated bank token in a widely used app.
Bitcoin ETFs post $635.6M net outflow
Farside data show IBIT (-$254.1M) and FBTC (-$217.5M) led the Oct 22 withdrawals, one day after $524.8M of inflows.
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World
Russia fires 21 ballistic missiles at Kyiv hours after agreeing to resume talks
Ukraine said Russia launched 21 ballistic missiles at Kyiv in three waves overnight, a day after Vladimir Putin agreed in principle to new US-mediated talks expected in November.
Magnitude 7.0 earthquake in Tibet kills 16, collapses hundreds of homes
A magnitude 7.0 quake struck Baqen County in Tibet's Nagqu area late Thursday local time; officials say 16 people died and hundreds of homes collapsed.
Serbia's student movement holds final rally before Sunday's election
Large crowds backed the student-led Student List in Belgrade on Thursday, ahead of a Sunday parliamentary vote that challenges Aleksandar Vucic's governing party.
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AI & Tech
Treasury proposes wider curbs on tech investing in China
The draft rule covers chips, AI, quantum, supercomputing, hypersonics and now biotech.
Global PC shipments fall 21% in Q3
Counterpoint counts 57M units, HP down 31%, Apple down 11%; Omdia also shows a 21% drop.
OpenAI opens its Decisions API to all developers
OpenAI made its Decisions API generally available on Thursday, a service that answers bounded questions (a yes/no probability, a pick from a fixed list, or a rubric score) instead of generating free text.
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Money
30-year mortgage rate dips to 7.32%, first drop in 8 weeks
Freddie Mac's weekly survey shows the average 30-year fixed rate fell to 7.32% from 7.40%, ending a seven-week run of increases.
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