📈 Stocks / Finance

Oracle stock dips after cloud unit layoffs and CoreWeave loss

Investor’s Business Daily

Oracle shares fell over 4% after reports of layoffs in its cloud unit and a weak CoreWeave earnings report. OCI had fueled a 45% YTD rally, but shares broke below the 21-day moving average. CoreWeave's larger-than-expected loss raised concerns on AI infrastructure profitability.

Stocks rally as Fed rate cut bets hit near-certainty

CNBC

The Dow surged 463 points and the S&P 500 hit another record, fueled by cooling inflation and growing confidence in a September Fed rate cut. Small caps outperformed, with the Russell 2000 up 2%, while AMD rose 5.4% and Paramount Skydance jumped 36.7%.

CAVA shares plunge 15% after weak sales and lowered outlook

Investopedia

CAVA Group stock dropped over 15% after Q2 same-restaurant sales rose just 2.1%, far below the 6.25% estimate. Revenue missed forecasts, and full-year sales growth guidance was cut to 4–6%. The company cited macro uncertainty and consumer caution for the slowdown.

🪙 Crypto

ALT5 Sigma becomes proxy for Trump-linked WLFI token

Investopedia

ALT5 Sigma raised $1.5B to acquire WLFI tokens, aiming to hold 7.5% of the Trump-backed crypto’s supply. The deal mirrors MicroStrategy’s bitcoin strategy and sent ALT5 shares soaring. WLFI trading may begin by month-end following a recent community vote.

🌎 Global Economy

Russian oil disruption poses broad global risk, limited impact on India

First Post 

Bank of Baroda said a full halt to Russian oil exports could strain the global economy, but India’s import costs would rise only about $5B annually. Russia now supplies ~1.7M barrels/day to India, its largest crude source ahead of Iraq, Saudi Arabia, and the UAE.

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