Mixed inflation readings this week complicated the Federal Reserve’s timing on when to begin easing, prompting markets to reassess the odds and pace of rate cuts into year-end. Treasury yields and rate expectations swung as investors weighed sticky price pressures against signs of cooling in parts of the economy.
Source: Seeking Alpha
Spot Bitcoin and Ether ETFs notch record trading week as crypto rallies
U.S.-listed spot Bitcoin and Ether ETFs logged their strongest week on record, fueled by surging inflows into Ether products and fresh highs in the two largest cryptocurrencies. The milestone underscores deepening mainstream participation and improving liquidity across crypto-linked vehicles.
Source: FinanceFeeds
Air Canada halts operations as flight attendants strike; Ottawa moves to intervene
Air Canada suspended operations after its flight attendants walked off the job, disrupting travel and cargo flows across the carrier’s network. The Canadian government later sought labor board intervention to end the strike, but uncertainty persists for schedules, suppliers, and airports.
Source: Seeking Alpha
Novo Nordisk wins FDA label expansion for Wegovy to treat liver disease MASH
The FDA cleared an expanded label for Novo Nordisk’s obesity drug Wegovy to address metabolic dysfunction-associated steatohepatitis (MASH), opening a potentially significant new revenue stream. The decision broadens the franchise beyond weight loss and diabetes and may intensify competition across metabolic and liver disease markets.
Source: Seeking Alpha
CoreWeave insiders sell over $1B as IPO lock-up expires
CoreWeave insiders offloaded more than $1 billion of stock as the post-IPO lock-up period expired, according to the Financial Times. The sale highlights continued investor appetite for AI infrastructure names while raising questions about supply overhang and valuations across the broader AI ecosystem.
Source: Seeking Alpha
Short sellers ramp up bearish bets on S&P 500 financials
Short interest against S&P 500 financial stocks rose sharply in July, signaling growing caution toward the sector’s earnings and credit dynamics. Positioning contrasts with more tempered short activity in other parts of the market and bears watching into the next leg of the rate cycle.
Source: Seeking Alpha
Russia signals potential opening for Exxon’s return to Sakhalin‑1
Moscow appears to be leaving the door ajar for Exxon to potentially reenter the Sakhalin‑1 oil project, a shift that could reshape Western energy exposure in Russia if it materializes. Any move would face complex legal, political, and sanctions-related hurdles amid ongoing geopolitical tensions.
Source: Seeking Alpha
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