U.S. stocks fell for a third straight session as continued weakness in megacap tech dragged major indexes lower. Traders also digested fresh labor data, adding to concerns about the durability of earnings and growth after a strong start to the year.
Source: Seeking Alpha
Bank of England Holds Rates At 3.75%, Signals Easing Path; What It Means
The BoE kept Bank Rate at 3.75% but a dovish split vote and softer guidance raised the odds of cuts in the coming months. For households and markets, the decision points to lower borrowing costs ahead, though sterling and gilt yields swung on the surprise tilt.
Source: This is Money (Daily Mail)
Stellantis Takes $26B EV Strategy Charge, Scraps 2026 Dividend
Jeep-maker Stellantis booked a roughly $26 billion charge to reset its electric-vehicle strategy and said it will not pay an annual dividend in 2026. The sweeping move underscores industry-wide pressure to recalibrate EV plans amid cooling demand and cost inflation.
Source: Seeking Alpha
SEC Clears ICE To Enter U.S. Treasury Cash Clearing Ahead Of Mandate
Intercontinental Exchange’s clearing arm won SEC approval to clear U.S. Treasury securities, creating a second major venue as the market heads toward mandatory central clearing. ICE plans to launch repo clearing before the 2027 deadline, a change that could reshape margins, access, and netting across the $26T market.
Source: FinanceFeeds
CFTC Withdraws Plan To Ban Sports & Political Event Contracts
In a policy reversal, the CFTC scrapped a 2024 proposal that would have barred sports and political prediction markets and will restart rulemaking grounded in the Commodity Exchange Act. The shift removes the threat of a blanket federal ban, even as state-level legal battles over event contracts continue.
Source: FinanceFeeds
Bitcoin ETFs Hold Firm Despite Sharp BTC Sell-Off
Spot Bitcoin ETFs are showing resilience even as BTC’s price slump pushed many holders into paper losses, analysts said. Flows have cooled but remain far from panic outflows, suggesting institutions are using regulated vehicles to stay engaged while managing risk.
Source: FinanceFeeds
Tether Invests $100M In Anchorage Digital To Deepen Regulated Footprint
Tether made a $100 million equity investment in Anchorage Digital, the federally regulated crypto bank, extending ties around custody, issuance and compliance. The deal, which values Anchorage at $4.2B, aligns the largest stablecoin issuer more closely with U.S. bank-grade infrastructure as stablecoin rules tighten.
Source: FinanceFeeds
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