Morgan Stanley drops restrictions on which wealth clients can own crypto funds

Morgan Stanley has allowed all clients, regardless of account type or risk profile, to invest in cryptocurrencies starting October 15. This policy shift reflects a growing institutional acceptance of digital assets as mainstream investments. The bank aims to integrate crypto into its wealth management strategy while ensuring client portfolio safety amid market volatility.

Why Wall Street’s old ‘wall of worry’ and new ‘debasement trade’ are boosting gold, bitcoin in typically volatile October

Gold and Bitcoin have recently reached record highs amid rising investor anxiety regarding inflation, national debt, and the weakening dollar. The “debasement trade” reflects a shift towards alternative assets as hedges against potential fiat currency erosion. This trend signifies a changing landscape in investment strategy, prioritizing scarcity-based assets over conventional options.

Mongolia to join data center frenzy with Chinggis Khaan sovereign wealth fund

Mongolia is shifting from a mining-dependent economy to one focused on renewable energy and digital innovation. The Chinggis Khaan Sovereign Wealth Fund aims to invest mining profits into sustainable projects and social development. As it builds data centers powered by clean energy, Mongolia aspires to empower its citizens and promote transparent governance.

Constellation Brands reiterates lower full-year guidance

Constellation Brands reported impressive fiscal second-quarter results, outperforming revenue and profit expectations, though it remains cautious with its full-year outlook due to ongoing macroeconomic challenges. Despite a 15% year-over-year sales decline, investor confidence grew as the company emphasizes operational efficiency and brand innovation to navigate a difficult consumer landscape.

Chinese stocks slide as Trump threatens tariffs, accuses Beijing of holding world ‘captive’

Chinese stocks in the U.S. dropped significantly after Donald Trump’s warning of increased tariffs on Chinese imports, reigniting tensions between the nations. Tech giants like Alibaba and Baidu saw steep declines. Investors are anxious about renewed trade hostilities affecting global markets, even as Chinese equities previously regained confidence this year.

CPI inflation report will be released by Labor Department, while other data is delayed by shutdown

The Labor Department will resume work on September’s consumer price index report despite the federal government shutdown. The report, essential for Social Security cost-of-living adjustments, will be released on October 24, after being delayed. Other Bureau of Labor Statistics data releases remain affected by the ongoing funding lapse.

Applied Digital stock climbs 16% as AI demand fuels data center growth

Applied Digital has experienced remarkable growth, with shares soaring 350% this year after a strong first-quarter report. The company has expanded its partnership with CoreWeave, highlighting demand for AI data centers. Despite a net loss, its infrastructure and revenue momentum position it as a leader in AI-driven digital solutions for the future.