根据所提供的股份比例，这笔交易对该公司的估值可能在5000亿美元左右，使其与OpenAI和马斯克的 SpaceX处于同一梯队。 全球最大稳定币的发行商Tether Holdings SA正与投资者洽谈，拟融资高达200亿美元，这笔交易可能将 这家加密货币公司推向全球最有价值私营公司的最高行列。 据两位知情人士透露，这家总部位于萨尔瓦多的公司正寻求通过私募方式，以约3%的股份换取150亿至 200亿美元的资金。 另一位参与该过程的人士告诫说，这是最高的目标，最终的数字可能会低得多。知情人士称，谈判尚处 于早期阶段，拟议投资的细节可能会改变。 Tether通过将其代币的储备金存放在包括美国国债在内的类现金资产中赚取利息，已赚取了巨额财富。 根据该公司7月份的一篇博客文章，其在第二季度实现了49亿美元的利润。Tether首席执行官Paolo Ardoino最近声称，Tether的利润率高达99%。Tether引用的数字不受上市公司披露准则的约束。 过去几个月，Tether一直在为重返美国市场铺路，以期利用美国总统特朗普的亲加密政策。它最近公布 了一项美国监管的稳定币计划，并任命了前白宫加密货币官员Hines来领导该 ...

Core Points - President Trump canceled a scheduled meeting with top Democratic leaders aimed at resolving issues related to a potential funding agreement to avoid a government shutdown [2][3] - The cancellation increases the likelihood of a government shutdown, with Democrats insisting that any temporary agreement must protect healthcare programs, including extending tax credits under the Affordable Care Act [3][4] - Trump criticized the Democrats' demands as "unserious and ridiculous," stating that meeting with them would not be productive [3][4] Summary by Sections - **Meeting Cancellation** Trump's decision to cancel the meeting with Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries raises concerns about a potential government shutdown [2][3] - **Democratic Response** Jeffries and Schumer expressed frustration, accusing Trump of avoiding responsibility and failing to address the healthcare crisis affecting Americans [3][4] - **Healthcare Protection Demands** Democrats emphasized the need for any funding agreement to include protections for healthcare programs, particularly the tax credits associated with the Affordable Care Act, which are set to expire at the end of the year [3][4] - **Trump's Position** Trump stated that Democrats are "lost" and indicated a willingness to meet if they agree to his principles, framing the situation as a matter of patriotism and responsibility [4]

他在伊朗国家电视台播出的讲话中说，"在过去几十年里，他们想让伊朗在压力下放弃（其核计划）。 但我们没有投降，也永远不会。" 伊朗最高领袖哈梅内伊已排除了与美国就德黑兰核计划举行谈判的可能性，他表示，屈服于特朗普政府 的要求将标志着"投降"，并将"羞辱"这个伊斯兰共和国。 哈梅内伊发表此番强硬言论之际，正值国际社会预计将对伊朗重新实施制裁的最后期限前几天，这加剧 了伊朗与西方就其核活动长期对峙的风险。 上个月，英国、法国和德国启动了所谓的"快速恢复制裁"（snapback）程序，该程序将导致联合国制裁 的重新实施，从而向伊朗施压，要求其重启与美国的会谈并恢复与国际原子能机构（IAEA）的合作。 根据伊朗与世界大国签署的2015年核协议下的快速恢复制裁程序，在制裁重新生效前，有一个为期30天 的窗口期，该窗口期将于本周六结束。 在启动该程序后，作为2015年协议签署方的英国、法国和德国——即所谓的欧洲三国（E3）表示，如 果德黑兰满足某些条件，包括与美国举行会谈并与国际原子能机构合作，时间表可以延长。 然而，以色列6月份对伊朗发动的为期12天的战争（美国曾短暂加入并轰炸了伊朗的主要核设施）加深 了其对西方的不信任 ...

Group 1: Market Overview - The US stock market saw declines across major indices, with the Dow Jones down 0.19%, S&P 500 down 0.55%, and Nasdaq down 0.95% [5] - European indices showed mixed results, with Germany's DAX30 up 0.36% and the UK's FTSE 100 down 0.04% [5] - Hong Kong's Hang Seng Index fell 0.7%, while the Hang Seng Tech Index dropped 1.45% [5] Group 2: Commodity Prices - Spot gold reached a new high of $3,790 per ounce before retreating to close at $3,764.02, up 0.46% [7] - WTI crude oil rose 2.05% to $63.53 per barrel, while Brent crude oil increased by 1.81% to $67.22 per barrel [7] - The US dollar index closed at 97.22, down 0.08% [7] Group 3: Economic Indicators - The Federal Reserve's Chairman Powell indicated that the policy rate remains slightly restrictive, suggesting potential for further rate cuts [10] - The People's Bank of China reported a 5.0% year-on-year increase in total electricity consumption for August, amounting to 10,154 billion kilowatt-hours [12]

Economic Overview - The U.S. economy is experiencing a slowdown in growth, with GDP growth at approximately 1.5% in the first half of the year, down from 2.5% the previous year, primarily due to reduced consumer spending [4] - The unemployment rate has slightly increased to 4.3% in August, although it has remained low overall, with job creation slowing to an average of 29,000 jobs per month over the past three months [5] - Inflation has recently risen, with the PCE price index increasing by 2.7% over the past 12 months, above the long-term target of 2% [5] Policy Adjustments - The Federal Reserve has lowered the federal funds rate by 25 basis points to a range of 4% to 4.25% to better respond to economic developments and risks [1][7] - The Fed emphasizes a flexible approach to policy adjustments based on data and economic outlook, aiming to balance the dual mandate of maximizing employment and stabilizing inflation [7] Trade and Policy Impacts - Significant changes in trade, immigration, fiscal, and regulatory policies are still unfolding, and their long-term effects on the economy remain uncertain [3][6] - The impact of tariffs on inflation is expected to be temporary, with a one-time price level increase that may take time to fully manifest in the supply chain [6] Labor Market Dynamics - The labor market is showing signs of slowing supply and demand, leading to increased risks in job creation and employment stability [5] - Despite the challenges, some labor market indicators, such as the ratio of job vacancies to unemployed individuals, remain stable [5]

AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 伦敦金融城有句关于黄金的说法，大意是"投资组合中配置5%（或当时流行的比例）的黄金，同时祈祷 它别涨"。 可如今，黄金偏在一路上涨。目前金价已逼近每盎司3800美元，且这并非仅以美元计价时的特例，以英 镑计价的黄金也创下新高，接近每盎司2800英镑。 此外，即便以全球公认的"硬通货"之一——瑞郎计价，黄金表现也十分强劲。瑞郎通常被视为避险货 币，相比普通法定货币，其贬值风险更低。然而，今年以来，以瑞郎计价的黄金涨幅已超25%（以英镑 计价涨33%，以美元计价涨44%）。 这种涨势会持续吗？正如那句老话暗示的，这是否值得担忧？让我们回顾历史，看看过去的周期能否带 来启示。 黄金历史牛熊周期复盘 在现代人的记忆中，黄金最惨淡的时期是2000年科技泡沫破裂之前。1980年（一轮高通胀周期尾声）黄 金触及峰值，到1999年跌至谷底，这19年间，全球（大体而言）处于"无通胀增长"阶段——即便经济增 长强劲，利率仍在下行。 随后，中国崛起与西方过度杠杆化推动市场走向2008年金融危机。黄金涨势一直持续到2011年，部分原 因是其避险属性，另一部分则得益于中国急速发 ...

AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 美国利率波动率骤降，正让华尔街一种热门的金融市场动荡对冲策略陷入困境。 近年来，各大银行一直在开发并销售"保护性量化投资策略（QIS）"，这类策略与市场对利率波动的长期预期挂 钩。此类产品本质是"系统性交易组合"，以互换合约形式售予对冲基金、养老金等机构，为其抵御重大经济风险提 供"保险"。 多数QIS策略围绕"10年/20年期互换期权"（10-year/20-year swaptions）构建——这类10年期期权允许投资者签订20 年期利率互换合约。它们既是应对利率波动的保护工具，也能反映市场对未来波动率的预期。 彭博汇编数据显示，当前各类资产的波动幅度普遍收窄，上述互换期权所隐含的波动率正迎来2023年11月以来的最 大单月跌幅。LumRisk的数据显示，这意味着大量旨在从合约波动率飙升中获利的QIS策略，本月已录得2.6%的平 均亏损。 长端利率波动率近期暴跌 表面看这一亏损幅度不大，但在利率交易与QIS领域已是显著。巴克莱集团策略师表示，波动率骤降正将原本的防 御性头寸转化为亏损来源，并将这种"预期波动率暴跌"现象描述为"波动性末日（volma ...

AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 美联储负责监管事务的副主席鲍曼周二表示，美联储在支持劳动力市场方面可能已行动滞后。若需求状 况疲软、企业开始裁员，美联储或需加快降息步伐。 古尔斯比表示，当前货币政策处于"温和限制性"状态。他补充称，芝加哥联储对劳动力市场的分析显 示，目前市场整体稳定——尽管招聘放缓，但裁员率处于低位。 本周，逾12位美联储官员发表讲话，就"在美国就业市场可能迎来拐点之际，降息速度应多快、幅度应 多大"展开持续辩论。通胀仍是担忧因素之一，政策制定者需找到一条利率路径：既能确保通胀回归2% 目标，又不会对经济增长或失业率造成严重打击。 美联储主席鲍威尔将于周二晚些时候发表讲话。周一，多名官员表示，鉴于通胀仍比目标高出近1个百 分点，他们对进一步降息仍持谨慎态度；米兰则称，鉴于特朗普政府的政策正改变人口结构、贸易及通 胀动态，他会采取激进降息举措。 鲍曼在讲话中阐明，应重点关注就业市场潜在问题，且在很大程度上无需过度担忧通胀风险。她指出， 当前招聘放缓，"委员会已到果断、主动采取行动的时刻，以应对劳动力市场活力下降及新显现的脆弱 信号"。 "在应对不断恶化的劳动力市场状况 ...

周二，现货黄金在亚盘站上3750美元/盎司后，接连上破3760、3770、3780关口，截至17:15报3784美元/盎司，日内上涨近1%。交易员未理会美联储官员在 上周降息后对货币政策前景的谨慎评论。 鲍威尔将于当地时间周二（北京时间周三凌晨00:35）就经济前景发表备受关注的演讲。此前，伴随上周利率决议公布的季度利率预测（即点阵图）显示出 官员观点存在显著分歧。与此同时，多位美联储官员周一重申需要对未来的利率决策采取谨慎态度，其中包括圣路易斯联储主席穆萨莱姆，他表示在物价压 力高企的背景下，进一步降息的空间有限。 与此同时，白银价格连续三日上涨，维持在每盎司44美元附近。这种相对便宜的贵金属可能受到了看涨期权交易的支持，上周五iShares白银信托期权的日交 易量飙升至120万份，为2024年4月以来的最高水平，看涨期权数量大幅增加。 在支持性因素广泛汇聚的背景下，黄金和白银已成为年内表现最佳的主要大宗商品之一。这些因素包括：美联储放松货币政策、各国央行增加储备持有量以 及持续的地缘政治紧张局势维持了对避险资产的需求。高盛集团等大型银行已表示预期金价将进一步上涨。 展望后市，交易员将仔细分析本周即将公布的 ...

Group 1 - OECD reports that global economic growth is more resilient than expected, supported by AI investments in the US economy [2] - The full impact of US tariffs has yet to be realized, with companies currently absorbing shocks by reducing profit margins and utilizing inventory [2] - The effective tariff rate on US goods imports rose to 19.5% by the end of August, the highest level since the Great Depression [2] Group 2 - OECD raises global economic growth forecast for 2025 from 2.9% to 3.2%, while maintaining a 2.9% forecast for 2026 [3] - The short-term boost from inventory accumulation is fading, and high tariffs are expected to hinder investment and trade growth [3] - Specific forecasts include a slowdown in US growth to 1.8% in 2025 and 1.5% in 2026, despite AI investment and fiscal support [3] Group 3 - Most major central banks are expected to lower interest rates or maintain accommodative policies in the coming year, provided inflation pressures ease [4] - The Federal Reserve may further cut rates if the labor market weakens, with a 90% probability of a 25 basis point cut in October [4] - The Bank of Japan is expected to gradually exit its ultra-loose monetary policy, while other central banks like the Reserve Bank of Australia and the Bank of England are anticipated to lower rates [4]