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Circle Stock Rises on Trust Charter Approval, USDC Supply Drops $3.6B
Circle Internet Group (NYSE:CRCL) shares rose 5% Friday after winning approval for a national trust bank, but the stock gave back most gains. USDC stablecoin circulation dropped $3.6 billion since March.
QXO Shares Slip After TopBuild Deal, 312.5 Million New Shares Enter Market
QXO stock dropped 7.5% after its TopBuild deal, as 312.5 million new shares hit the market. The company faces integration challenges and debt paydown pressure.
Bradesco Preferred Shares Surge 4.8% on Inflation Data, Total Return Hits 5.3%
Banco Bradesco preferred shares rose 4.78% Friday, delivering a 5.3% gross return including JCP, as Brazil's June inflation data fueled rate cut expectations.
Transocean-Valaris Deal Spread Narrows to 2.1% as Antitrust Review Lengthens
Transocean (RIG) shares imply a 2.1% discount to Valaris (VAL) in their all-stock merger, with the spread narrowing slightly as the deal faces a longer antitrust review and a target close of September 29.
Ford Rises 4.8% as Canadian Labor Deal Eases Risk, F-150 Supply Focus
Ford's shares climbed 4.8% last week as a tentative labor agreement with Unifor reduced Canadian risk, while investors eye F-150 supply improvements and Q2 results.
AT&T's Dividend Boosts Weekly Return to 4%, But Price Hikes Loom
AT&T's total return reached 4% last week, fueled by a $0.2775 dividend, while upcoming price hikes and a pension settlement create uncertainty ahead of Q2 earnings.
Bitcoin Holds Near $64K Amid Iran Tensions; $303M Crypto Sale Looms
Bitcoin remains steady near $64,100 after U.S. strikes on Iran. Crypto faces a $303 million supply overhang from corporate sales, while ETFs see modest inflows.
MARA Holdings Retreats on Texas Power Deal Uncertainty
MARA Holdings shares gave back gains after announcing a $600 million Texas power site acquisition with no named tenant, raising concerns about financing and revenue.
Diesel Premium Hits $80 as Geopolitical Tensions Roil Oil Markets
Oil futures brace for volatility after U.S.-Iran strikes threaten Hormuz shipping, while diesel margins hit $80, highlighting a widening gap between crude and refined product prices.
Netflix Stock Slides 5.5% as Revenue Guidance Gap and Engagement Concerns Loom
Netflix shares dropped 5.5% last week, trailing the S&P 500. The Q2 earnings report shows a slim $6 million revenue cushion above guidance, with engagement and advertising concerns taking center stage.