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Hong Kong Launches Yuan Trading in Stock Connect by July 2027
Hong Kong plans to add yuan trading to Stock Connect southbound by July 2027, allowing mainland investors to trade HK shares directly in yuan without currency conversion. Part of broader capital market reforms.
USDA Issues Class I Meat Recall: 167,639 Pounds Bypass Federal Inspection
Star Meat Delivery recalls 167,639 pounds of beef, pork, and goat products produced without USDA inspection but bearing false inspection marks. Class I recall affects retailers and restaurants nationwide.
Claude Opus 5.5 Launches at 40% Lower Cost as OpenAI Fires Back
Anthropic’s Claude Opus 5.5 cuts API costs 40% to $4/$20 per million tokens. OpenAI responds with GPT-6 Sol and Luna at half price. Direct competition heats up in AI model market on September 22.
Warren Buffett Steps Down as Berkshire Chairman; Son Howard Takes Over
Warren Buffett steps down as Berkshire Hathaway chairman after 56 years. His son Howard takes over. Buffett, 96, cites age and CEO Greg Abel’s success.
Senate Democrat Blocks Data Center Bill, Halting Consumer Protection Measure
Senate Democrat Martin Heinrich blocked the Ratepayer Protection Act on September 17, saying the bill’s voluntary standards lack enforcement teeth. The House passed it 417-3 the day before.
ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
ATO prosecutions for tax evasion surge 80% with $2.7 million in fines. Over 350 individuals and businesses convicted in shadow economy crackdown targeting non-lodgers and cash-in-hand workers.
Diddy’s Lawyers Quit $100M Case Over Six Months of Unpaid Fees
Sean Combs’ civil attorneys withdraw from $100M defamation case, alleging six months of unpaid fees and lack of cooperation. Combs disputes the charges.
ZOZO Stock Rises 2.8% as Pokémon 30th Anniversary T-Shirt Launch Drives September 15 Retail Momentum
ZOZO stock up 2.8% as the Japanese e-commerce giant launches Pokémon 30th anniversary T-shirt collection on September 18. Pre-orders span 1,025 designs at ¥3,960 each.
Labor’s Housing Reforms Slash 10,700 Homes, Push Rents Up AUD$10 Weekly
Labor’s housing tax reforms will cut 10,700 new homes and push rents up AUD$10 weekly through 2030, according to updated modelling by industry groups. GDP impact estimated at AUD$1.05bn.