Today on The Open Bell:
The FBI has formally named North Korea as the group behind the $6.3 billion Binance hack, the largest crypto theft ever recorded, and the question nobody's asking loudly enough is what it means that a nuclear-armed state is now funding itself through your exchange's hot wallet.
Beijing called an emergency weekend meeting between its central bank and stock market regulator, and when China's factory activity is contracting and global tech stocks just had their worst week in months, "emergency" is doing a lot of work in that sentence.
Australia's building approvals came in nearly triple what economists expected in September, and that sounds like good news right up until you remember that a construction boom gives the Reserve Bank of Australia exactly the cover it needs to raise rates again.
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New episodes every weekday morning at theopenbell.co
Not investment advice. For informational purposes only.
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Chapters:
00:00 Introduction
00:10 FBI Names North Korea in Record $6.3bn Binance Heist; Withdr
03:46 PBOC and CSRC Convene Emergency Meeting on China Stock Marke
06:26 Closing thoughts
