📈 Stocks / Finance

IBM surges as HSBC touts quantum bond trading breakthrough

Investor’s Business Daily

IBM stock rose over 5% after HSBC reported a 34% improvement in bond trade fill-rate predictions using IBM’s Quantum Heron processors. The test applied to European bond data suggests quantum computing may outperform classical methods in market modeling.

Tesla stock drops 4% as Europe sales fall for eighth month

Yahoo Finance

Tesla shares fell 4.38% after August EV sales in Europe dropped 22.5% YoY to 14,831 units. This marks the eighth consecutive monthly decline, cutting Tesla’s 2025 EU market share to 1.5%. Rising Chinese EV competition and Musk’s political image are also weighing on demand.

Wall Street slides as strong data dims rate cut hopes

AP News

U.S. stocks posted a third straight loss, with the S&P 500 down 0.5%, as stronger economic data reduced expectations for aggressive Fed rate cuts. Rising Treasury yields and concerns over market overvaluation added pressure, despite major indexes hovering near record highs.

🪙 Crypto

$1B crypto liquidation triggers sharp sell-off amid macro fears

Yahoo Finance

Bitcoin dropped 3.6% to under $109,554 as over $1.1B in crypto long positions were liquidated. Ethereum and Solana fell over 7%, with DOGE down 7.6%. Analysts cite slowing ETF flows, inflation concerns, and macro uncertainty ahead of Friday’s PCE data.

🌎 Global Economy

U.S. lawmakers call to revise global economic rules for China’s rise

PBS

Rep. Adam Smith said the global economic order must evolve to reflect China's and others’ growing influence. During a visit to Shanghai, he urged U.S.-China dialogue on tariffs and trade rules, citing business ties and ongoing disruptions from the trade war.