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Service Sector Weakness Bolsters Dovish Case A key driver of the weaker PPI was a 0.2% decline in services prices, with trade services down 1.7%. Notably, margins for machinery and vehicle wholesaling fell 3.9%. These sectors are closely monitored by the Fed for insights into broader pricing pressures and monetary policy impacts. Goods prices inched up just 0.1%, held down by a 0.4% decline in energy costs. Food prices were marginally higher, rising 0.1%, while core goods excluding food and energy saw a 0.3% increase. Even with these modest gains, overall price pressures appeared subdued. Tariffs and Labor Concerns Enter…

Novo Nordisk, the Danish pharmaceutical titan behind Ozempic, revealed today a sweeping global restructuring plan to cut roughly 11% of its total workforce, as rival weight-loss drugs flood the market. Novo Nordisk faces increasing competition from Eli Lilly, the U.S. firm behind Mounjaro, and a new wave of cheaper, compounded alternatives. By cutting around 9,000 positions — more than half of which are based in Denmark — the company anticipates annualized savings of roughly $1.25 billion by the end of 2026, with the funds earmarked for reinvestment in its diabetes and obesity therapy areas. “Our markets are evolving, particularly in…

Indian regulators are reportedly holding back from introducing comprehensive crypto rules over concerns that regulation could legitimize digital assets and create systemic risks.According to a Wednesday Reuters report citing documents the outlet’s reporters viewed, the Reserve Bank of India (RBI) maintains the view that containing the risks posed by cryptocurrencies through regulation would be challenging.The document reportedly states that regulating cryptocurrencies would legitimize them and “cause the sector to become systemic.” An outright ban on cryptocurrencies, the document continued, would address the alarming risks of speculative crypto assets but could not tackle peer-to-peer transfers or trades on decentralised exchanges.Currently, India…

Renaissance Investment Management, an investment management company, released its Q2 2025 “Large Cap Growth Strategy” investor letter. A copy of the letter can be downloaded here. The stock market experienced significant volatility in the second quarter, and yet, the S&P 500 posted an all-time high by the end of June. The liberation day tariff announcement set off havoc in the market, causing stock prices to drop 7% from April 2 to April 7. However, the market rebounded and gained more than 22% from the April 7 low through the end of June. The Russell 1000 Growth returned 17.8% and the…

Sonic price drops 4.4% to $0.303 as market downturn wipes out recent gains despite ecosystem momentum. Curve Finance crowns Sonic No.1 in stablecoin yields, outpacing Ethereum and Solana in yield rankings. GENIUS Act reshapes stablecoin landscape, setting clear rules for stablecoins and potentially accelerating Sonic’s adoption. Sonic price has dropped 4.4% in the last 24 hours to trade at $0.303 as of 7:13 a.m. EST on a 1.1% surge in trading volume to $96.1 million. S price saw positive momentum from ecosystem updates and partnerships, reaching a weekly high on September 9. However, a general market downturn erased these gains.…

Main Street optimism edged higher in August, as the rose to 100.8. That reading sits above the long-term average of 98 but missed the consensus estimate of 101. Stronger sales expectations led the improvement, with a net 12% of owners anticipating higher real sales volumes. This represents a six-point jump from July. The Uncertainty Index also declined by four points, showing less concern around financing and capital expenditures. Business health improved as 68% of owners rated conditions “good” or “excellent.” Profit trends notched their best level since March 2023, while fewer firms raised prices, and financing costs eased. The average…

A surprisingly weak August jobs report has locked in expectations for a Federal Reserve rate cut next week, shifting all market focus to this Thursday’s key inflation (CPI) report Consumer behavior is again in focus this week, with Kraft-Heinz announcing a major spinoff due to shifting preferences Key earnings from Kroger and Restoration Hardware set to reveal the strength of spending on both essentials and larger ticket items Labor Market Falters, Pushing Fed Rate Cut Probability to 100%Last week’s employment update seems likely to prompt a shift in the monetary policy. The August jobs report revealed a significant slowdown, with…

Washington’s GENIUS Act has crypto advocates celebrating clear stablecoin regulation. Politicians tout it as cementing dollar dominance for decades. The financial press frames it as America’s masterstroke against competing currencies.They’re all missing the point. The GENIUS Act didn’t create a protective moat around the dollar. It handed every other nation a blueprint for building their own digital currencies.Regulatory Clarity Cuts Both WaysThe GENIUS Act deserves credit for bringing much-needed clarity to U.S. stablecoin operations. Clear reserve requirements, regulatory oversight, and compliance frameworks remove much of the uncertainty that has plagued the sector for years. Circle’s USDC and other major operators…

Metaplanet Inc. (TSE Standard: 3350) has announced the successful pricing and upsizing of its international share offering, raising JPY 205 billion (~USD 1.4 billion) to fuel its ongoing Bitcoin-first treasury strategy. The company confirmed that 385 million new shares will be issued at JPY 553 per share, generating a total issue price of JPY 212.9 billion. After deducting fees, the total amount paid in will reach JPY 205.3 billion, of which JPY 204.1 billion will be allocated directly to Bitcoin-related initiatives. In a statement, CEO Simon Gerovich said: “Metaplanet has finalized its international offering, upsized from 180M underwritten to 385M…

Despite making multiple attempts to sell it, Alec and Hilaria Baldwin say they have no plans to part ways with the 8-acre property.