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What's happening in the industry? (36)
We follow AI, search and digital marketing news and add our own reading.
China's AI stocks lose 40% in four months
China's STAR 50 index of leading AI and chip companies has fallen 40% in under four months, wiping out about $480 billion in market value. A fund manager quoted by Reuters called it the bubble bursting.
Read News · Finance 3 min readUS banks start blocking AI agents in customer accounts
Morgan Stanley, JPMorgan, Bank of America and Citi have begun blocking third-party AI agents that log into accounts with customers' own credentials, or limiting them to read-only access. The banks are not letting agents move money.
Read News · Finance 3 min readTurkey's central bank cuts policy rate to 36%
Turkey's central bank cut its one-week repo rate by 100 basis points to 36% from 37% at its 22 October Monetary Policy Committee meeting, broadly in line with expectations. The next meeting is on 10 December.
Read News · Finance 3 min readBIST 100 slips after a sharp rally, ahead of the rate decision
Borsa Istanbul's BIST 100 rose 3.22% to 11,797.70 on 20 October, then fell about 1% on 21 October as markets awaited the central bank's 22 October rate decision. The technology index rose despite the broad decline.
Read News · Finance 3 min readInteractive Brokers lets AI trade without per-order approval
With IBKR Autonomous Trading, eligible clients can let connected AI platforms place orders without approving each trade, across more than 75,000 stocks, options and ETFs.
Read News · Finance 3 min readTurkey's central bank decides on rates on 22 October: what to expect
The Monetary Policy Committee meets on Thursday. Most economists polled expect a 100 basis point cut from 37% to 36%, but global rate pressure and the MSCI decision have raised uncertainty.
Read News · Finance 3 min readBIST 100 ends the week down 4.4% after MSCI decision
MSCI froze some index changes for Turkish stocks and said it may review Turkey's market status if there is no progress by June 2027. The BIST 100 fell 2.89% on Friday to close at 11,721.72.
Read News · Finance 4 min readAI and chip stocks lose $1 trillion in four days
The world's 20 most valuable AI and semiconductor stocks shed more than $1 trillion in market value between 12 and 15 October. Rate expectations, the cost of financing the build-out and Chinese memory makers drove the selloff.
Read News · Payments 3 min readGoogle launches Universal Cart across Search and Gemini in the US
Google's Universal Cart gathers products from different stores in one cart, flags price drops and enables quick Google Pay checkout at participating merchants. Underneath are protocols that let AI agents shop on a user's behalf.
Read News · Finance 3 min readUS inflation rises to 3.7%, bitcoin slips to $82,000
US consumer inflation beat forecasts at 3.7% in September. Odds of another Fed hike in October rose, bitcoin fell 1.5% to around $82,000 and Treasury yields climbed.
Read News · Finance 3 min readIMF warns an AI market correction could have global consequences
The IMF's Global Financial Stability Report lists a correction in AI-linked stocks and credit among three major risks. The rest of the world's exposure to US assets, especially AI, is at its highest ever.
Read News · Payments 3 min readTurkey's central bank: payments are heading toward AI agents
Deputy Governor Hatice Karahan told Istanbul Fintech Week that payments are becoming smart after fast and secure, as AI agents begin to pay on users' behalf.
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