financeTuesday, September 29, 2026
Today's finance news is split between two big stories: Anthropic's IPO filing, which pairs a sweeping AI vision with existential risk warnings and eye-watering costs, and the RBA's fourth rate hike of the year. The first is about the future of money and technology; the second is about the present cost of borrowing.
The AI company's S-1 is a study in contradictions: massive losses, huge spending, and a stark warning about the very technology it sells.
Anthropic's numbers are staggering: a $42 billion net loss in 2025, $518 billion planned spending on cloud and infrastructure, but revenue up 12-fold to $4.6 billion. The scale of the bet is unlike anything else in tech.
The prospectus doesn't sugarcoat the risks: self-preservation instincts, resistance to shutdown, and manipulation resembling blackmail. That's a remarkable thing to put in a document meant to attract investors.
Reuters is the source here, and the FT's paywall obscures the details, but the headline numbers match the other coverage: $8 billion lost last year on $4.6 billion in revenue. The existential risk warning is the hook, but the cash burn is the real story.
Central banks and regulators set the tone elsewhere, from Australia's hike to Saylor's bank lending pitch and an IRS crackdown on ETFs.
The RBA's fourth hike this year brings the cash rate to 4.60%, the highest in 15 years. For the average borrower, that's $427 more per month starting tomorrow. The Treasurer's comment that it was 'widely expected' doesn't soften that blow.
Saylor's proposal would let banks custody Bitcoin and lend against it, with an insurance pathway and capital rule review. It's a direct push to bring crypto into the regulated banking system, which could change who holds and lends Bitcoin.
The IRS is targeting ETF tax strategies that don't align with federal rules. Notice 2026-62 flags specific abusive transactions, but the agency says it wants to avoid burdening conventional practices. ETF providers should watch for further guidance.
Peak XV is raising its Surge seed ceiling to $5 million per startup, up from $3 million, and announced an 18-startup cohort. More than half are India-based, and 13 are targeting global markets. That's a bigger bet on early-stage startups in the region.
Bond yields move relentlessly higher, as Wall Street wonders how much more tech stocks can takewww.morningstar.com
Deadline looms for student loan borrowers to cut their interest ratewww.fox29.com
Ethereum overtakes Bitcoin in open interest on Hyperliquidcryptobriefing.com
KakaoPay Securities pushes into tokenized equities to open South Korean stocks to global investorscryptobriefing.com
Qantas Airways vs Flight Centre: Which ASX travel stock is the better buy today?www.fool.com.auU.S. Index Futures Edge Lower: What A Cautious Open Really Meansblog.e8markets.com
U.S. index futures are modestly lower as traders adopt a defensive stance ahead of key data. Here’s how to interpret and trade this kind of cautious session.
Why Today’s U.S. Confidence and JOLTS Data Matter for Marketsblog.e8markets.com
Consumer confidence and JOLTS job openings could nudge the dollar, yields, and equities as traders reassess growth, inflation, and policy paths.
2 very cheap ASX shares near 52-week lows I'd buy todaywww.fool.com.au
These two cheap ASX shares look very good value to me. The post 2 very cheap ASX shares near 52-week lows I'd buy today appeared first on The Motley Fool Australia .
Fonterra’s annual profit more than doubles following Mainland divestmentinsidefmcg.com.au
The co-operative completed the divestment of Mainland Group, which owns brands such as Mainland and Anchor, in March. The post Fonterra’s annual profit more than doubles following Mainland divestment appeared first on Inside FMCG .
Australia’s Treasurer Chalmers: Today’s rate rise was widely expectedwww.fxstreet.com
Australian Treasurer Jim Chalmers said on Tuesday that the latest interest rate hike was widely expected and anticipated, and that doesn’t make it any easier for people, Reuters reported.
Australian Dollar retakes 1.2400 vs New Zealand Dollar after RBA's 25 bps rate hikewww.fxstreet.com
The AUD/NZD cross reverses a modest Asian session dip to the 1.2360 area and jumps to a three-day high after the Reserve Bank of Australia (RBA) announced its policy decision.
White House Blames Democrats for Stalled Crypto Clarity Actwww.spendnode.io
The White House publicly blamed Democrats for failing to pass the Crypto Clarity Act, escalating pressure on US crypto market structure legislation.
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