March 16, 2026
Gold slips and notches second consecutive weekly fall
Gold prices slipped for a second consecutive weekly decline, pressured by a stronger dollar and inflation worries driven by the Iran war, which weighed on rate‑cut expectations.
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March 16, 2026
Musk says Tesla’s mega AI chip fab project to launch in seven days
Tesla CEO Elon Musk said that the company’s Terafab project to make artificial intelligence chips will launch in seven days. Musk had said last year that Tesla probably will have to build “a gigantic chip fab” to make artificial intelligence chips to power its autonomous ambitions.
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March 16, 2026
USDC market cap nears record $80B amid ‘capital flight’ in UAE
The market capitalization of the USDC stablecoin is approaching a record high near $80 billion as demand surges in the Middle East, with analysts linking the spike to capital flight from the United Arab Emirates. USDC’s circulating supply has risen to roughly $79.2 billion, marking a new all-time high for the dollar-pegged stablecoin.
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March 13, 2026
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
Oil prices settled up about 9%, at their highest in nearly four years, as Iran stepped up attacks on oil and transport facilities across the Middle East, and the country’s supreme leader vowed to keep the vital Strait of Hormuz shut.
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March 13, 2026
JPMorgan sued over alleged role in $328M crypto Ponzi scheme
JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures. Investors filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds.
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March 12, 2026
Gold edges lower, weighed down by USD
Gold prices edged lower, weighed down by an uptick in the U.S. dollar and looming inflation concerns that bolstered expectations of higher interest rates. U.S. gold futures for April delivery settled 1.2% lower.
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