SoFi Becomes the First Fintech Bank in the US Top 50 With $46.8 Billion in Deposits as Bank Count Falls to 4,249
Banks above $10 billion added 1,091 branches while everyone else shed 1,329, and the same threshold is shaping opposite fintech...
MUB and VTEB Take In $1.2 Billion and $1.7 Billion in Record Weeks as Muni Yields Hit Their Highest Since 2011
The two largest muni ETFs set inflow records in the same week a smaller fund set an outflow record, and...
SEC Crypto Custody Rule Sits at the White House, Covering Where Advisers Can Legally Park Client Assets
Chief counsel Taylor Lindman says the proposal would let broker-dealers hold non-security crypto without special registration, the gate institutional adoption...
S and P 500 Rises a Fourth Session Toward Its First Record Since August as Crude Falls to $94 on a Hormuz Reopening Offer
Equities are within 1% of records on an Iranian proposal to reopen the Strait in seven days, while payrolls soften...
Binance Invests $100M in Circle at $80.84/Share; 5-Year USDC Promotion Deal with Monthly Incentive Fees; Shares Subject to 2-Year Lock-Up
Binance acquires 1.24M Circle shares ($100M private placement, Sept 17 close). 5-year partnership: Circle pays Binance monthly fees tied to...
US Stocks Hold AI Gains as Brent Crude Slips Below $98; Iran Peace Talks Ease Inflation Fears; Treasury Yields Down 3bp; Earnings Season Looms
S&P 500 near one-month high on AI rally; Brent crude down 2.5% to $97.79 on Iran Hormuz reopening proposal; Treasury...
Westinghouse Electric $50B IPO Signals US Nuclear Renaissance; Trump ‘National Champion’ Positioning, $80B Government Funding, AP1000 Monopoly, Duke Energy Customer
Westinghouse (51% Brookfield, 49% Cameco) filing $50B IPO valued at 55x trailing EBITDA. Trump government backing $80B new reactor buildout,...
RBC Downgrades LVMH, Burberry; Slashes 2027 EPS for Kering, Moncler, Hermes, Swatch; Luxury Sector on Course for Worst Year Since 2008 (-15%)
RBC analysts cut luxury stock ratings citing overly optimistic 2027 earnings expectations. China demand softening, US spending potentially moderating, inflation...
Iambic Therapeutics Files for IPO; Nvidia-Backed AI Drug Discovery Firm Targeting Cancer Treatments; Partners With Abbvie, Takeda; Ticker IAM
Clinical-stage biotech Iambic Therapeutics (founded 2019, $461.8M raised) files for IPO with Nvidia as shareholder. Uses AI to develop early-stage...
Moir: Former xAI Staffer Tina Oberoi Raises $50M for Deepfake Detection Startup at $250M Valuation; Identity Verification, Content Authenticity Focus
Tina Oberoi (ex-Google, ex-xAI) launching Moir deepfake detection startup; $50M seed round at $250M valuation. Aims to verify identity and...
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