A bill aimed at creating a U.S. strategic Bitcoin reserve has passed a key subcommittee in the House of Representatives, marking a significant step in the legislative process. If enacted, it would authorize the U.S. government to buy and hold Bitcoin as a national strategic asset. The bill still faces additional legislative review stages.

Gold rebounded after three days of declines as falling oil prices helped ease inflation concerns and US Treasury yields pulled back. Spot bullion rose as much as 2.8% to $4,380 an ounce. Yields had jumped after the Federal Reserve’s unanimous decision to raise rates by a quarter percentage point, its first increase since 2023. Data released last week showed US core inflation rose faster than expected in August.

CleanSpark shares jumped nearly 5% on Thursday after the company said it plans a $2.227 billion senior secured notes offering through its wholly owned subsidiary to fund an expansion of its Sandersville, Georgia data center. The company said August bitcoin production totaled 593 BTC, slightly higher than July. As of Aug. 31, CleanSpark held 13,703 BTC.

On the first day of the National Stock Exchange (NSE) initial public offering, the ₹22569 crore issue was subscribed 27%, led by non-institutional investors and employees. US stocks rose on Thursday, with the Dow up 250 points as easing oil prices and lower Treasury yields lifted sentiment. Crude fell, with WTI dropping below $100 and Brent trading under $102 after Saudi Arabia activated alternative export routes to ease supply concerns. The rupee continued to weaken, edging toward the ₹96-to-the-dollar level.

The Bank of England kept its benchmark interest rate unchanged at 3.75% on Thursday but warned it could be forced to raise borrowing costs if the Iran war drags on. The central bank forecast UK inflation will rise above 4% early next year, well above its previous peak estimate of 3.2%. The Monetary Policy Committee voted 6-3 to hold rates, matching July’s split. Inflation has been below the 2% target in only three months over the past five years, complicating the chancellor’s efforts to project confidence ahead of the Oct. 28 budget.

Schrödinger returned to a net profit in the second quarter of 2026. The result was primarily driven by $48.9 million in gains from Ajax. The company’s cash reserves increased to $418.8 million.

Kroger has pulled Red Bull from all of its stores and fuel centers nationwide after price talks with the supplier broke down. The company sold its remaining inventory in August and removed Red Bull coolers and displays as of Aug. 31, according to The Cincinnati Enquirer. New CEO Greg Foran has said Kroger will resist supplier price hikes and try to win market share by lowering prices and improving service. Kroger also plans to expand its value private brand Smart Way from about 130 items to 1,000.

Intel’s Q2 revenue rose 25%, marking its fastest growth in 15 years, alongside a sharp margin expansion in its Data Center and AI business. Over the past year, the company has raised PC CPU prices three times, prioritizing margin over unit volumes even as its 2026 guidance points to a double-digit decline in the overall PC market. Intel’s foundry business remains heavily dependent on internal demand, with external revenue representing just 5% of the segment total and meaningful external customer commitments not expected before 2028.