Robinhood to launch crypto perpetual contracts, US stock weekend trading, and AI trading agents
Robinhood unveiled a suite of new products for active traders at its HOOD Summit held in Houston, Texas, on Tuesday. The offerings include AI trading agents, crypto perpetual contracts with up to 10x leverage, and weekend trading for select U.S. stocks and ETFs. The platform will also extend options trading hours, increase intraday margin allowances, and introduce earnings event contracts.
Robinhood Agents let users select either OpenAI or Anthropic models within the app, granting the agents access to their individual trading accounts. The agents can analyze markets, build watchlists, and trade stocks, options, and cryptocurrencies. The Loops feature allows users to set long-term instructions to execute strategies when specific conditions are met. By default, the platform requires user approval for every transaction, though users can opt out of this restriction; margin lending is not supported in the initial launch phase.
Crypto perpetual contracts will be made available to eligible U.S. users via Robinhood Derivatives and Bitstamp. BTC and ETH contracts support up to 10x leverage, while other supported assets will initially offer 3x leverage. Weekend trading will be provided through alternative trading system Bruce ATS, covering select stocks and ETFs.
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OpenAI launches 24/7 autonomous agent Dots, challenging Meta’s Muse
Insight Beating AI Flash News: OpenAI unveiled its AI agent product Dots during its 2026 Developer Day keynote, positioning it as an always-on AI assistant that connects to apps and executes tasks in the background. OpenAI stated that Dots can "do almost anything" and learns user preferences over time. Powered by the GPT-6Astra model, Dots has its own cloud computing environment, access to a web browser, and support for over 4,000 apps. Users can interact with Dots via a text-message-like interface, or through voice on ChatGPT’s web, desktop, and mobile platforms. OpenAI added that Dots integrates with Microsoft Teams and Slack, and maintains context across different apps and devices. For example, developers can have Dots build and test app updates based on user feedback, while content creators can use it to analyze interview transcripts, find video clips, generate show summaries, and create social media content. Currently, users can only create one Dot, though OpenAI plans to support deploying multiple agents simultaneously in the future. OpenAI noted that Dots has autonomous action rules, allowing users to set restrictions requiring authorization before specific operations, and includes an "auto-review" feature to check if tasks meet safety requirements. The launch is seen as OpenAI’s response to Meta’s recent release of the MuseAI assistant. OpenAI has made Dots available to ChatGPT Pro and Business Premium users, and is testing a feature for enterprise users to create dedicated "expert" Dots. The company said that in the future, users will be able to add more Dots, and boost each agent’s operating speed and task processing scale.
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Fed's Williams: Another interest rate hike may come this year, but there is no need to rush.
New York Federal Reserve President John Williams said there is no need for the Fed to rush into further action after its September interest rate hike, noting policymakers can wait for more economic data to determine the next policy direction. Williams added that if economic developments align roughly with his expectations, the Fed may need to raise the federal funds rate target range further before the end of the year to push inflation back to the 2% target more promptly. He emphasized this is only his personal forecast, with final decisions dependent on future data performance. Williams stated that amid solid economic growth and a strong labor market, inflationary pressures will remain a core focus of monetary policy. The Fed must ensure inflation does not stay persistently high due to shocks and avoid the formation of second-round inflation effects, he added. Williams pointed out that this year’s inflationary pressures stem from factors including former President Trump’s tariff policies, rising energy prices driven by the Middle East conflict, and AI investment which has also amplified some price pressures. He projected U.S. inflation will hit around 3.5% by the end of this year, then gradually decline and return to the Fed’s 2% target by 2028. Williams also forecast U.S. economic growth will come in at roughly 2.25% this year, with the unemployment rate hitting around 4% next year. He noted that immigration, an aging population, and limited productivity growth have constrained the economy’s long-term growth potential. (Jinshi)
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Tesla signs $30 billion financing arrangement, including revolving credit and delayed-draw loans.
According to U.S. Securities and Exchange Commission (SEC) filings, Tesla (TSLA.O) has signed multiple financing arrangements, including a $20 billion three-year delayed-draw term loan facility, an $80 billion five-year revolving credit facility, and a $20 billion 364-day revolving credit facility. The filings also show that Tesla has terminated its existing revolving credit agreement. The new five-year revolving credit facility allows the company to issue letters of credit up to $500 million, and the three-year delayed-draw term loan facility matures on September 29, 2029. Additionally, Tesla’s revolving credit facilities can be increased by up to $40 billion, reaching a total of $140 billion.
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Trump is set to appoint an AI chief, with Intelligence Director Clayton emerging as a potential candidate.
According to Beating AI Express, citing a report from AXIOS, U.S. President Donald Trump said Tuesday that Director of National Intelligence Jay Clayton would be a suitable candidate for the role of "AI czar". When asked who he wants to appoint as AI czar, Trump stated, "I already have someone in mind." Pressed specifically about Clayton, Trump added, "Clayton is a good man. He’s right here. That’s a good idea." The exact responsibilities of this position have not yet been clarified, though Trump has previously expressed his intention to establish a new government agency called the "AI Force". During his nomination confirmation hearing in July, Clayton echoed the view of Treasury Secretary Scott Bessent, noting that for the intelligence community, "AI is both an opportunity and a threat". Trump told reporters outside the White House that he hopes to finalize the candidate within the next three to four days.
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Sources familiar with the matter: U.S.-Iran talks make little progress, with neither side willing to make concessions.
According to Axios, citing three sources familiar with the negotiations, Qatari mediators this week sought to push for a diplomatic breakthrough between the U.S. and Iran, but made little progress as neither side was willing to compromise. This deadlock has further reinforced concerns on both sides that military conflict could escalate again. U.S. officials believe that after the midterm elections, Trump may order the resumption of large-scale military operations. Two sources said Qatari officials will continue their mediation efforts but are growing frustrated with both the U.S. and Iran. One source stated: "No significant progress was made in Monday’s talks, which are at a stalemate. Iran put forward some demands that the U.S. cannot accept, while the U.S. believes it has the upper hand and thus sees no need to compromise." Other regional mediators, including Pakistan and Egypt, have also urged Iran to make concessions on the nuclear issue. However, another insider said Iran has stated that it will consider making relevant concessions only if the U.S. agrees to restore the memorandum of understanding signed in June.
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