Oracle soars on AI cloud momentum as investors cheer massive deal pipeline
Oracle shares jumped after the company highlighted new multibillion-dollar cloud deals and laid out aggressive growth targets tied to surging AI infrastructure demand. While near-term results were mixed, management’s outlook and backlog commentary reset expectations for the scale of Oracle’s opportunity, igniting one of its strongest stock moves in years.
Source: MarketWatch TopStories
Anglo American and Teck to merge, creating a copper giant for the AI and EV era
Anglo American and Teck Resources agreed to merge in a deal that would form one of the world’s largest copper producers. The tie-up underscores how soaring demand for copper—from data centers to electric vehicles—is reshaping the mining sector and catalyzing consolidation around future-critical materials.
Source: NYT DealBook
U.S. payrolls face steep downward revisions, sharpening focus on Fed rate cuts
Pantheon Macroeconomics said payrolls are set for “massive” downward revisions, largely due to flaws in the birth/death model, suggesting weaker labor-market momentum than previously thought. The reassessment adds fuel to expectations for rate cuts and raises questions about the durability of consumer strength heading into Q4.
Source: SeekingAlpha All
China slips back into deflation as CPI drops 0.4% in August
China’s consumer prices fell 0.4% year over year in August, while producer prices declined for a 35th straight month, signaling persistent demand softness. The deflationary readings heighten pressure on Beijing to shore up growth and carry global implications for commodities, supply chains, and multinational earnings exposure.
Source: SeekingAlpha All
Novo Nordisk to cut 9,000 jobs, trim 2025 outlook in $1.25B overhaul
The Wegovy maker announced a sweeping restructuring that includes 9,000 job reductions and a lowered profit outlook for 2025 as it refocuses on diabetes and anti-obesity franchises. The move aims to streamline operations after rapid expansion, while maintaining leadership in one of the fastest-growing areas of global pharma.
Source: SeekingAlpha All
Nasdaq to invest $50M in Gemini, deepening Wall Street–crypto links
Nasdaq plans to invest $50 million in crypto exchange Gemini, signaling a tighter embrace between traditional market infrastructure and digital-asset platforms. The strategic move highlights continued institutionalization of crypto markets despite regulatory scrutiny and cyclical volatility.
Source: SeekingAlpha All
CFTC explores recognizing MiCA-based rules for overseas crypto venues
The U.S. Commodity Futures Trading Commission is weighing whether to acknowledge foreign platforms operating under robust frameworks like the EU’s MiCA, a potential step toward cross-border regulatory harmony. Such recognition could ease access for U.S. institutions to compliant offshore liquidity while reinforcing consumer protections.
Source: FinanceFeeds
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