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Daniel Burrus · Burrus Research · Sep 25, 2026
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Coinkite faces proposed class action over $140-million bitcoin hack
A proposed class action in Ontario Superior Court alleges Coinkite's negligence and a 2021 coding error let hackers steal more than US$140-million in bitcoin from users.
NEWSInfosys cuts FY27 revenue guidance to 1%-2% as AI services reach 10.5% of revenue
Infosys reported 6.2% profit growth and a 10.2% rise in revenue for the September quarter, but trimmed its FY27 growth forecast to 1%-2%, citing pricing pressure and competition.
- MARKETS
Oil rally drags stocks and bonds lower before Fed decision
Brent crude near US$117 revived inflation concerns, pushing equities and Treasuries down as investors weighed AI valuations and midterm elections ahead of the Federal Reserve's rate decision.
- NEWS
Dow closes 600 points lower as AI doubts weigh ahead of Federal Reserve meeting
US equities fell sharply as persistent doubts over artificial intelligence valuations weighed on markets, with investors also positioning ahead of the Federal Reserve's policy meeting.
- MARKETS
AI funding fears hit Asian tech stocks and lift sovereign bonds
Asian equities fell as worries over AI spending drove investors into Treasuries and pared back Fed rate-hike bets, while Brent crude hit a five-month peak.
NEWSToto Finance seeks $5m from Cardano treasury for tokenised copper reserve
Toto Finance wants 22 million ADA to buy COMEX-grade copper tokenised as CuTT. Under the proposal's assumptions, copper must rise about 49.4% to recover the withdrawal.
- MARKETS
AI tech fears push global credit spreads to 17-month high
A selloff in AI stocks and rising geopolitical tensions drove investors to safe havens, widening corporate bond spreads globally to their highest since May 2025.
NEWSWorld Bank flags Middle East conflict as top risk to Pakistan's economy
The World Bank warns a prolonged Middle East conflict could raise Pakistan's energy import bill, widen the current account deficit and strain foreign exchange reserves.
MARKETSTech rout drives Wall Street lower as AI spending fears mount
A nearly 7% slide in chipmakers pushed the Nasdaq 100 to its worst day since June, as investors questioned the payoff from AI spending and scaled back bets on a 2026 Fed rate rise.
NEWSPakistan envoy seeks shift from counterterrorism to IT ties with US
Ambassador Rizwan Saeed Sheikh told a Washington tech forum Pakistan wants its US relationship to move from counterterrorism to information technology, as 16 Pakistani firms sought partnerships.
MARKETSNikkei falls 1.71% as Wall Street tech selloff bites
Japan's Nikkei 225 dropped 1.71% to 61,832.66, tracking a tech-led Wall Street decline in which Nvidia fell about 4% and Meta dropped 7% after earnings.
MARKETSSensex and Nifty erase early gains as crude oil surge and AI sell-off weigh
Indian benchmarks reversed a firm open to extend losses to a fourth session, pressured by Brent crude near $114 a barrel and a Wall Street sell-off in AI-linked technology stocks.
NEWSAndreessen Horowitz rebrands crypto fund as a16z Frontier
The venture firm has renamed its digital assets arm a16z Frontier and widened its remit to artificial intelligence and robotics, while keeping its $2.2 billion fund and crypto investing.
NEWSJio Platforms IPO enters final day after 5.38 times subscription on day two
Bidding on the Jio Platforms initial public offering enters its third and final day, with the issue subscribed 5.38 times by the end of day two, as the fundraising weighs on listed stocks.
NEWSGlobal rush to patch PHP flaws as hacking attempts reach millions
Governments and companies from Japan to Finland took services offline and raced to patch critical PHP vulnerabilities uncovered using AI, as Cloudflare and Amazon reported millions of exploitation attempts.
- NEWS
Anthropic IPO stands alone as AI market jitters sideline others
Anthropic's IPO is reported to be standing alone as jitters in the AI market sideline other listings, according to a report on the IPO landscape.
MARKETSUS 10-year yield slips below 5% as investors seek safety in Treasuries
Treasury yields fell as much as 13 basis points as investors sought shelter from tumbling AI-linked shares, even as Brent crude topped US$112 a barrel.
NEWSUkraine drone strikes on Russian data centres disrupt services and AI work
Attacks on Yandex, Sberbank and VKontakte facilities have disrupted cloud, banking and ride-hailing services across Russia, with experts warning of lasting damage to its AI ambitions.
- AI
Pakistan building Urdu AI model Buraq on sovereign compute, minister says
IT minister tells Seoul summit that Buraq, trained on Urdu and regional languages, will run on domestic compute so Pakistani data stays in Pakistan, built on digital public infrastructure.
NEWSBarclays to cut about 5,000 jobs by end-2026 in AI efficiency drive
Barclays plans to shed roughly five percent of its global workforce by the end of 2026, with about 60 percent of the cuts in support functions, as it reported a 13 percent rise in third-quarter net profit.
