Jeep and Peugeot parent Stellantis will take a roughly $26 billion charge to overhaul its electric-vehicle strategy and said it will not pay an annual dividend in 2026. The reset comes alongside moves to streamline its battery supply chain, including plans for LG Energy Solution to buy out their Canada JV stake. Investors are digesting a tougher, slower EV adoption curve and capital reallocation across legacy automakers.
Source: Seeking Alpha
Dow closes above 50,000 for the first time after bruising week
U.S. stocks rebounded Friday with the Dow Jones Industrial Average finishing above 50,000 for the first time, even as the Nasdaq capped its worst week since November. The snapback followed heavy selling in software and AI-adjacent names amid concerns over capex and stretched positioning, highlighting a rotation under the surface as investors reassess risk into 2026.
Source: MarketWatch
Bitcoin bounces back above $68K after its worst week since 2022
Bitcoin recovered to trade above $68,000 on Friday after sliding below $60,000 earlier in the week, a drawdown that triggered billions in liquidations across crypto derivatives. The rebound eased immediate pressure, but the week underscored how tightly digital assets remain linked to broader risk sentiment and leverage dynamics across markets.
Source: FinanceFeeds
Court order restarts Hudson River Gateway tunnel work
New York won a court order preventing a shutdown of the $16 billion Gateway rail tunnel project, allowing work to resume after a federal funding freeze had threatened thousands of jobs. The ruling averts immediate disruption to a critical Northeast Corridor upgrade and removes a near-term overhang for contractors and regional transit planning.
Source: Crain’s New York Business
Bitwise files with SEC for first Uniswap (UNI) spot ETF
Bitwise submitted an application to launch a Uniswap-focused ETF, pushing the crypto ETF frontier beyond bitcoin and ether into a single DeFi protocol token. If approved, the product would offer regulated exposure to UNI while raising new questions for custody, market integrity, and governance-token oversight in the U.S.
Source: FinanceFeeds
Broadridge to acquire CQG, building end-to-end futures trading stack
Broadridge agreed to buy CQG, a veteran futures and options EMS provider, bolstering its push from post-trade into front-office execution. The deal gives Broadridge direct-market connectivity to 45+ exchanges and tightens integration across order management, analytics, and clearing connectivity for listed derivatives.
Source: FinanceFeeds
China bans unapproved yuan-pegged stablecoins and tokenized RWAs
Beijing’s central bank and seven agencies issued a joint ban on issuing RMB-linked stablecoins and tokenized real-world assets without explicit approval, extending to both onshore (CNY) and offshore (CNH) markets. The move underscores China’s preference for the state-issued e-CNY over private digital money and tightens controls on yuan-linked crypto instruments.
Source: FinanceFeeds
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