The Stripe-Advent consortium abandoned its pursuit of PayPal on Friday after the board rejected an offer of $60.50 per share as too low, sending the stock down as much as 16% in premarket trading.
Category: Markets
Posted inMarkets
September Rate-Hike Bets Double After Warsh’s Hawkish Jackson Hole Debut
Markets pushed September rate-hike odds from 35% to 57% after Fed Chair Warsh refused to signal policy direction at Jackson Hole, sending the S&P 500 down 0.25% and the Nasdaq 0.52% on Friday.
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S&P 500 Holds Below Record as Markets Wait for Warsh’s Jackson Hole Debut
Equity markets treaded water Thursday as traders positioned cautiously ahead of Fed Chair Kevin Warsh’s first Jackson Hole speech, with the S&P 500 holding at 7,676 and gold near $4,620.
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Nvidia Posts $96 Billion Quarter and Guides to $108 Billion Ahead
Nvidia posted $96.2 billion in second-quarter revenue, up 106% year-on-year, and guided the next quarter to $108 billion on sustained data center demand.
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Bitcoin Tops $80,000 as Treasury Buybacks Trigger $4 Billion Short Squeeze
Bitcoin surged past $80,700 this week as the US Treasury’s doubling of its long-bond buyback programme reignited risk appetite and triggered more than $4 billion in short liquidations, while spot ETFs recorded their strongest six-session inflow of 2026.
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Gold Surges to $4,712 as Treasury’s Doubled Buybacks and Iran Tensions Drive Demand
Spot gold reached $4,712.60 per ounce on August 24, up nearly 15% in a month, as the US Treasury’s decision to double long-term debt buybacks and the Iran conflict sustained safe-haven buying.
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Samsung’s Record $80 Billion Return Plan Sends Shares Lower on Ambiguity
Samsung Electronics announced 90–110 trillion won in shareholder returns for 2026, roughly five times its prior record, but shares fell 2.6% as investors had expected up to 150 trillion won.
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YMTC Seeks $4.9 Billion Shanghai Listing on AI Memory Demand
China’s third-largest NAND flash chipmaker filed for a 33-billion-yuan IPO on Shanghai’s STAR Market on August 21, positioning itself to capitalise on surging AI data-centre memory demand despite US export restrictions.
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Bitcoin Tops $71,000 as Trump Endorses CLARITY Act at White House Crypto Event
Bitcoin surged more than 10% to $71,750 on August 20 after President Trump called on Congress to pass cryptocurrency legislation, triggering a record $2.7 billion short liquidation.
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Santander Closes $12.3 Billion Webster Financial Acquisition
Spain’s Santander completed its $12.3 billion acquisition of Webster Financial on August 20, marking its largest push yet into US commercial banking.