US stocks closed lower as the chip selloff resumed ahead of Micron's bellwether earnings

Bitcoin hits 20-month low 

Micron absolutely smashed Q3 earnings and revenue estimates as sales surged over 400% and profit rocketed 1,300% amid insatiable memory demand tied to the AI boom (CNBC)

Jefferies missed Q2 earnings estimates as weakness in asset management offset strength in dealmaking and ECM activity (RT)

What we're watching this week:  

Full calendar here

The sentiment is slightly different in NYC, where three Mamdani-endorsed Democratic Socialists swept their primaries

Trade event contracts on Polymarket, the world's largest prediction market

Wendy's soared 40% yesterday following a viral Reddit post (BBG) 

Masayoshi Son calls AI bubble talk an 'insult' (BBG)

Cracks in AI narrative seem more serious this time (BBG)

Big banks aced this year's easier stress test (WSJ)

New hedge funds are using AI bots to rival industry giants (BBG)

Fed calls basis trade key driver of hedge fund Treasuries exposure (BBG)

Debasement trade begins to unravel under Kevin Warsh Fed (BBG)

South Korea stock volatility hit a record high (FT)

SEC is probing continuation vehicles as it steps up secondaries scrutiny (RT)

25% of life insurers who invest in private credit also lend to privates (WSJ)

SPAC deals seen as key path to public market in data center boom (BBG)

SpaceX short interest rose to 13% (RT)

Alphabet's Dow inclusion shows index headache in tech economy (BBG)

Google lost two more senior AI researchers to Anthropic (BBG)

Florida unemployment surges even as big companies move in (BBG)

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Paramount Skydance is prepared to divest its film distribution JV with Universal ​Pictures to win EU approval for its $110B ‌acquisition of Warner Bros. Discovery 

Logistics firm Prologis went hostile with its $16.6B takeover proposal for UK warehouse landlord Segro after management rejected its approach

SoftBank is looking to invest in $4.7B-listed Tokyo Electric Power Co. to secure power for AI

$4B-listed cybersecurity company Varonis Systems is exploring a sale after receiving takeover interest from Blackstone, Thoma Bravo, and Vista Equity Partners

Qualcomm agreed o to acquire AI inference firm Modular for $3.9B in stock

Sony Pictures announced a $100M strategic investment in immersive technology firm Cosm

Ryman Hospitality Properties is exploring a sale of its 70% interest in Opry Entertainment Group, which owns venues such as the Grand Ole Opry House and the Ryman Auditorium

BlackRock's AI Infrastructure Partnership, Brookfield, IFM Investors, KKR, and SoftBank-backed DigitalBridge Group are interested in acquiring Blue Owl-owned STACK Infrastructure's APAC data centers

Dubai Holding is exploring an investment in Bain Capital-owned data center builder Hscale

Prediction markets platform Kalshi is in talks to raise funds at a $40B valuation

XLight, an advanced-laser-for-semiconductor startup, is in talks with VCs to raise $350M 

Assort Health, an AI agents platform for the patient journey, raised a $120M Series C at a $1.2B valuation led by Menlo Ventures

Caplight, a private markets data and transaction infrastructure company, raised a $16M Series A led by BlackRock and Fin Capital 

$1.2T-listed Korean chip darling SK Hynix is seeking to raise $30B in a US listing

$125B-listed Chinese AI startup Zhipu is considering raising several billion dollars in a Hong Kong issuance

$74B-listed Chinese electronics manufacturer Luxshare Precision Industry is gauging interest for a $3B Hong Kong listing 

Tankmaker KNDS started the process for a dual Germany and France IPO which could fetch a ~$20B valuation

Fintech MNT-Halan is planning an Egypt IPO of its Egypt unit at a $1B valuation

UK aerospace parts supplier Doncasters is seeking to raise $890M in its US IPO

Humanoid robotics firm Agility Robotics will list with ​Churchill Capital Corp XI in a $2.5B deal

Chinese tech giant ByteDance is in early ‌talks with banks for a record $20B offshore loan

Infrastructure investor Stonepeak sold $2.5B of private bonds to refinance a loan related to its investment in a Louisiana LNG export terminal

Singapore SWF Temasek's SeaTown Holdings and Oman Investment Authority will invest $255M in private credit financing for Vietnamese conglomerate Vingroup's hospitality arm

Venezuela is set to disclose a $240B debt pile to set the stage for the world's largest restructuring

Indian conglomerate Shapoorji Pallonji Group offered bondholders a 30 bps fee for another extension on $1.5B of debt owed by its Goswami Infratech unit

Real estate firm 601W Companies defaulted on a $343M Blackstone loan on a 40-story downtown Chicago office tower

The ex-COO of collapsed sub-prime auto lender Tricolor pleaded guilty to fraud

Commodities hedge fund Moreton Capital Partners is seeking $500M for an SPV to trade commodities impacted by the 'super El Niño' weather phenomenon

Israeli deep tech VC Deep33 raised $200M for its debut fund

Saylor's Strategy faces Bitcoin dilemma with no easy way out

Binance vows to stay in Europe despite license setback

Crypto-backed candidates won primaries after Fairshake spent $8M on campaigns

Women's sports are no longer a niche investment. With global revenues on track to surpass $3B in 2026, Mizuho brought together three generations of elite female golfers to discuss the surge in growth and opportunity. Check out their insights.

Polymarket just dropped one of the best ads in a while. It's worth a watch.

FT published a profile on the teenage girl set to become North Korea's next dictator.

Also, some 20-seconds of inspiration. Even if you don't instill it right away.