US jobs data revised lower after Fed rate hike
In September, 16 of 18 Fed members expected to raise interest rates, even as the payrolls data they cited just shrank by a third.
Aaron Wise
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Nike warns of layoffs as stock hits 13-year low
After nearly 18 years, the S&P 100 Index has dropped Nike as a constituent amid falling sales, profitability, and headcount.
Strategy has burned through 64% of its STRC rescue fund
Strategy has burned through 64% of its $2B STRC rescue fund, leaving less than $724M after 10 weeks of buybacks.
CHART: Time taken for the average US worker to earn one BTC tops 12 months
It costs more than one full-time year’s worth of labor for a US employee to buy one BTC, a work cost unprecedented prior to 2024.
PIMCO US Treasury bond ETF hits all-time low
ZROZ, a PIMCO ETF allocated to US Treasury bond repayments guaranteed by the US government, has lost 16% of its share price this year.
Anthropic’s IPO doubles the price of its own books
Anthropic’s Series H round priced the company at $965B, yet its IPO now wants double that valuation on the same 2025 financials.
— Regulation, Stocks
Bill Pulte’s tweet cost FICO shareholders $4 billion
After Bill Pulte put VantageScore alongside FICO credit scores on Fannie Mae’s mortgage pricing grid, FICO stock crashed by $4B.
— Stocks
MongoDB CEO quits to join Meta, stock crashes $6 billion behind him
MongoDB shares fell 18.5% after CEO CJ Desai resigned, erasing $6B the day before the company’s Investor Day.
The year’s second-largest XRP hack is spilling over to Bitcoin and Ethereum
Compromised keys from D’CENT crypto wallets allowed hackers to hack over $18M in XRP and reach Stellar, Ethereum, and other blockchains.
River has sued Blockstream Services Canada over bitcoin mining services
River says Blockstream Services Canada missed six months of $239K repayments for BTC mining and is demanding a jury trial.