Federal Reserve's Goolsbee said the Fed should be vigilant for signs of broad economic overheating.

Douyin Group’s short-drama rights center is inviting partners with interactive-content, short-drama, comic-drama or game production capabilities to collaborate on interactive dramas and interactive film-games. The platform will provide IP support, three cooperation models and two limited-time incentives: per-drama minimum guarantees up to 200,000 yuan and additional revenue shares of 30–50%; multiple incentives may be stacked. Target projects are non-linear videos supporting time-domain, space-domain and event interactions, with branching story choices, viewpoint switching and scene exploration features.

Spot gold fell below $3,960/oz, down 0.7% intraday.