U.S. equities advanced as investors priced in a widely expected Federal Reserve rate cut this week and cheered a fresh bid in mega-cap tech, including momentum tied to Tesla. The S&P 500 crossed 6,600, with traders eyeing whether a “sell the news” reaction could follow the policy move midweek as Treasury yields and the dollar eased.
Source: SeekingAlpha
Fed lineup set: Senate confirms Miran as governor; court keeps Lisa Cook in place
The Senate confirmed Stephen Miran to the Federal Reserve Board, solidifying the FOMC roster just days before a closely watched rate decision. In a separate ruling, an appeals court rejected an effort to remove Governor Lisa Cook, preserving policy continuity and reducing governance uncertainty as markets brace for a rate cut.
Source: American Banker
Alphabet hits $3 trillion as AI momentum builds and Gemini tops App Store
Alphabet reached a $3 trillion market valuation amid surging investor enthusiasm for its AI roadmap, with Google’s Gemini topping the App Store and intensifying competition with ChatGPT. The milestone underscores how large-cap tech leadership and AI adoption continue to drive index performance and capital spending plans.
Source: SeekingAlpha
London Stock Exchange completes first blockchain fundraise on new digital markets platform
The LSE executed its first end-to-end blockchain-powered transaction on its Digital Markets Infrastructure, handling issuance to settlement for a private fund raise. Built with Microsoft Azure, the platform aims to streamline private markets through tokenization, distribution, and faster settlement, signaling a step-change for institutional capital markets infrastructure.
Source: Finance Magnates
China says Nvidia breached antitrust law in Mellanox probe; regulatory risk flares
Chinese authorities determined Nvidia violated antitrust law tied to its Mellanox acquisition, extending scrutiny of the chip giant in its critical second-largest market. The finding adds a new layer of geopolitical and regulatory risk for global semiconductor supply chains already navigating export controls and uneven demand in China.
Source: SeekingAlpha
Robinhood moves to open private markets to retail with publicly traded VC fund
Robinhood plans a publicly traded venture capital fund that would let ordinary investors gain exposure to private startups via a listed vehicle. The initiative highlights the blurring of public and private market access and could broaden the investor base for high-growth companies ahead of traditional IPOs.
Source: The New York Times (DealBook)
Google to invest £5 billion in UK to accelerate AI development
Google will invest £5B to expand AI development in the UK, reinforcing Britain’s positioning as a European hub for cloud, data center, and AI talent. The multiyear commitment is set to support infrastructure and jobs while strengthening the country’s digital competitiveness.
Source: SeekingAlpha
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