Wall Street rallied to fresh records after a cooler-than-expected CPI report broke the data blackout and reinforced expectations for more Fed easing. The S&P 500 notched a new high as Treasury yields slid across the curve, with the 10-year leading the move lower. Europe was mixed as investors digested diverging PMIs—Germany strengthening while France softened.
Source: Seeking Alpha
JPMorgan to accept Bitcoin and Ether as loan collateral for institutions
JPMorgan plans to let institutional clients pledge Bitcoin and Ether as collateral for loans by year-end, using third‑party custodians to secure the assets. The move underscores accelerating integration of digital assets into mainstream finance and follows earlier acceptance of crypto-linked ETFs as collateral. It also positions the bank to compete for treasury, ETF and corporate custody mandates seeking regulated crypto exposure.
Source: Bloomberg (via Finance Magnates)
Procter & Gamble tops expectations; trims tariff hit and targets steady organic growth
P&G beat earnings and organic sales forecasts, buoyed by resilient demand—particularly in beauty—and signaled up to 4% organic sales growth for fiscal 2026. Management said tariff cost headwinds are easing versus prior estimates, helping keep profit guidance intact even as it invests in restructuring to boost agility and innovation. Shares jumped on the update.
Source: MarketWatch
Newmont weighs acquisition of Barrick’s Nevada gold assets
Newmont is evaluating a deal for parts of Barrick’s Nevada portfolio, a move that could reshape North American gold mining footprints and unlock operating synergies. Any transaction would follow a period of portfolio shuffling across the sector as producers seek scale, lower costs, and higher-quality reserves amid volatile bullion prices.
Source: Seeking Alpha
IBM shares pop on quantum computing progress
IBM logged its best day since January after previewing advances in quantum error correction leveraging an AMD chip, reinforcing its multi‑year bet on hybrid quantum‑classical systems. The update bolstered investor confidence in Big Blue’s higher‑margin software and consulting flywheel tied to AI and quantum workloads despite recent Red Hat growth moderation.
Source: MarketWatch
Commodities check: Oil rally cools, gold snaps winning streak
Crude’s recent rally stalled as traders questioned the durability of policy-driven supply and sanctions dynamics, while macro signals turned more mixed. Gold slipped after the benign CPI print and ended a nine‑week winning streak, though moderating yields and policy uncertainty kept the broader bull case intact.
Source: Seeking Alpha (Oil) | Seeking Alpha (Gold)
White House presses regulators to speed AI data center power hookups
The Trump administration urged federal and state regulators to fast‑track large-load grid connections for AI data centers, citing surging power demand. The push could accelerate utility capex, interconnection queue reforms and transmission build‑out, with implications for power markets, data center operators and suppliers tied to electrification and grid reliability.
Source: Bloomberg (via Seeking Alpha)
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