• Treasury Secretary Bessent announced a ramp-up in long-dated debt buybacks — easing financial conditions and reshaping the global rates and duration trade.

• Moderna surged 177% in a single session after positive personalized mRNA cancer vaccine data with Merck — reigniting the biopharma sector and adding over $40B in market value.

• Bitcoin briefly crossed $70,000 for the first time since June, driven by Treasury liquidity tailwinds and over $1B in short liquidations — showing crypto now tracks macro signals closely.

• 30-year Treasury yields hit 5.33%, the highest since 2007, as a global bond rout deepens — multi-decade highs in long-end rates threaten equity valuations, housing and corporate borrowing costs worldwide.

• The US and Canada face a midnight deadline before 50% tariffs on Canadian goods take effect — a levy of that scale on America's largest trading partner would disrupt North American supply chains and stoke inflation.

• July retail sales fell 0.6% and consumer sentiment dropped to 51.0 from 55.2 — sharp simultaneous declines in spending and confidence raise recession risk and complicate the Fed's rate path.

• Traders price an 80% chance the Bank of Japan hikes on Sept. 18 — a move that could unwind yen carry trades and rattle global risk assets as it did in 2024

• Trump plans 100% tariffs on imported drones and components while Canada faces 50% US tariffs — escalating trade pressure on supply chains, autos, energy, and the Canadian dollar

• Strategy sold $334M in MSTR shares and bought no bitcoin for four straight weeks — removing the market's largest corporate buyer and raising questions about the BTC treasury model

• Stripe agreed to acquire AI routing startup OpenRouter for over $7 billion — signaling an aggressive move into AI infrastructure at a moment when gateway-layer valuations are at a premium.

• Talks to sell PayPal to Stripe and Advent are intensifying — a deal would rank among the largest fintech acquisitions ever and fundamentally reshape global payments.

• July CPI rose just 0.1% month-on-month, pulling the annual rate to 3.4% — softer inflation keeps a Fed rate-cut path alive and eases pressure on bonds and the dollar.

Weekend Edition — the week in review.

• Nvidia secured a $500B Wall Street-backed financing package for AI infrastructure — cementing its central role in the buildout and routing massive credit into data-center supply chains.

• US CPI cooled to 3.4% year-over-year in July with core at 2.5%, a third consecutive drop — strengthening the case for Fed rate cuts and helping push the S&P 500 to a new record above 7,800.

• The SEC cancelled its planned open meeting on Regulation Crypto with no new date set — leaving exchanges, tokens, and institutional players in prolonged regulatory limbo.

• The S&P 500 hit a fresh record on cooling inflation data, cementing rate-cut bets and risk-on positioning across US equities.

• Japan's government signaled support for a BOJ rate hike in September or October — a move that would lift the yen, pressure the carry trade, and reprice global bonds.

• Russia has effectively blockaded Odessa since July 22, threatening a 50% drop in Ukrainian agricultural exports and reviving global food-price inflation risk.

• Nvidia and Wall Street investors announced a $500B partnership that could restructure AI infrastructure financing and shift power away from hyperscalers — reshaping the entire AI capex cycle.

• US CPI came in at 3.4% as expected, keeping the Fed's easing path intact and anchoring rate-cut expectations — bitcoin held near $64,000 on the print.

• Treasury Secretary Bessent and Japanese PM Takaichi are clashing over Bank of Japan rate hike policy — the dispute injects uncertainty into yen carry trades and global liquidity conditions.

• Ukraine handed US negotiators a formal set of war-ending proposals — a concrete step toward negotiations that would reprice European risk, energy markets, and Russian sanctions.

• Trump framed US options on Iran as economic collapse or military strikes — escalatory language that puts Strait of Hormuz oil flows directly in focus.

• Super Micro and CoreWeave both beat revenue expectations on AI demand — back-to-back guidance beats reinforce the capex cycle driving semiconductors and data-center equities.

• The US shed 23,000 jobs in July versus a forecast of +83,000 — a massive payrolls miss that raises recession risk and sharply increases pressure on the Fed to cut rates.

• Nvidia is partnering with Wall Street firms to raise $500 billion for AI infrastructure — cementing its central role and potentially reshaping capital spending across tech and power sectors.

• Berkshire Hathaway turned net buyer for the first time in nearly four years, purchasing $23.5B in equities against $3.7B in sales — Buffett's shift signals growing confidence in equity valuations.

• Trump announced 50% tariffs on Canadian imports — hitting the US's largest trading partner and adding upside pressure to inflation at exactly the wrong moment.

• The July jobs report showed a loss of 23,000 nonfarm payrolls, the first outright contraction in months — sharply raising Fed cut odds and signaling a cracking labor market.

• Senate Majority Leader Thune filed cloture on the Clarity Act, setting a September 15 vote — reviving the biggest US crypto market-structure bill and giving digital assets a firm near-term catalyst.