People familiar with the matter said AI infrastructure firm Nscale has hired a senior Meta Platforms executive as chief operating officer to help prepare the company for an IPO.

Logan, a 2026 FOMC voting member and president of the Dallas Fed, will deliver remarks due to be released in ten minutes.

China Railway Shanghai Group said passenger flows on the Yangtze River Delta rail network remain elevated, with about 4.0 mln passengers expected on Oct. 2. On Oct. 1 the network carried 4.427 mln passengers, topping the previous Oct. 1 holiday record of 4.205 mln and setting a new single‑day holiday high; Shanghai Railway Station handled 852,000 passengers, a station record. Since the Sept. 23 start of Mid‑Autumn/National Day travel through Oct. 1, cumulative regional rail traffic reached 29.459 mln passengers, averaging roughly 3.273 mln per day.