U.S. stocks extended their decline with the Nasdaq off about 2% and the S&P 500 and Dow each down more than 1%, as investors rotated out of high-multiple tech and trimmed risk exposure. The broader risk-off tone comes amid tighter financial conditions and mounting concerns over profit growth, pushing more index constituents into correction territory.
Source: SeekingAlpha All
SEC to let companies exclude more shareholder proposals
In a notable shift for corporate governance, the SEC moved to allow companies to exclude certain shareholder proposals from proxy materials. The change could reduce the number of activist-driven proposals that make it to annual meetings, and is likely to be welcomed by large-cap issuers while drawing pushback from some investor groups.
Source: SeekingAlpha All
OCC clears banks to hold crypto for blockchain gas fees
The Office of the Comptroller of the Currency issued guidance allowing national banks to hold limited amounts of crypto to pay network “gas” fees required for on-chain transactions. The move lowers operational friction for institutions building tokenization, custody, and settlement services, while keeping holdings restricted to operational needs under existing risk controls.
Source: AmericanBanker
EU opens antitrust probe into Amazon and Microsoft cloud services
European regulators launched an investigation into Amazon and Microsoft’s cloud businesses, intensifying scrutiny of market concentration and potential anti-competitive practices. The probe raises compliance and potential remedy risks for the sector’s largest providers as EU authorities push for more interoperability and fair access in cloud infrastructure.
Source: SeekingAlpha All
Saudi Arabia boosts U.S. investment commitment to $1 trillion
Saudi Arabia raised its planned U.S. investment commitment to $1T, signaling deepening cross-border capital ties and long-horizon deployment into American assets and industries. The pledge underscores the kingdom’s diversification strategy and could be a tailwind for U.S. infrastructure, energy transition, and technology projects over the coming years.
Source: SeekingAlpha All
Cloudflare outage underscores infrastructure risk across finance and tech
A global Cloudflare disruption temporarily knocked out access to major platforms including X and ChatGPT, highlighting the operational risk concentration in critical web infrastructure. The incident, now resolved, prompted renewed focus on redundancy planning and vendor risk management for exchanges, fintechs, and enterprises dependent on third-party CDNs.
Source: Financial Post
Kraken raises $200M from Citadel Securities in $800M round
Crypto exchange Kraken secured a $200M strategic investment from Citadel Securities as part of an $800M raise valuing the firm around $20B. The tie-up pairs a leading market maker’s expertise with a top exchange’s infrastructure and signals continued institutionalization of digital assets across liquidity, product development, and market structure.
Source: FinanceFeeds
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