📈 Stocks / Finance

Intel jumps 7% on AMD foundry partnership talks

CNBC

Intel shares rose 7% after reports it’s in early talks to manufacture chips for rival AMD. A deal would mark a major win for Intel’s foundry unit, signaling growing confidence from peers as it seeks to scale under CEO Lip-Bu Tan. AMD rose over 1% on the news.

Nvidia slips as Meta expands in-house AI chip efforts

Yahoo Finance

Nvidia stock dipped after Meta announced its acquisition of AI chip startup Rivos, signaling deeper investment in custom silicon via its MTIA program. While Meta still relies on Nvidia, the move highlights growing competition in AI infrastructure.

Dollar slides on shutdown and weak labor data; Fed cut seen as imminent

Nasdaq

The dollar index fell to a 1-week low as a U.S. government shutdown and a surprise -32K drop in ADP jobs raised odds of an October Fed rate cut to 100%. Stocks and precious metals gained on safe-haven demand and lower yields, as markets priced in looser monetary policy.

🪙 Crypto

Ethereum eyes $10K breakout as ETF inflows surge

Coin Telegraph

ETH formed a bull flag on the weekly chart, signaling a potential 145% rally to $10,533. Spot Ethereum ETFs saw $674M in inflows over two days, with institutional holdings up 250% since April 1. Analysts cite network activity and staking yields as bullish fundamentals.

🌎 Global Economy

GDP doubled, but poverty and ecological damage surged

Phys

From 2000 to 2022, global GDP more than doubled, yet billions still lack basic needs and ecological damage has accelerated. A new Oxford-led study shows wealthy nations drive 40% of overshoot while the poorest 40% face 60% of deprivation.