Public Markets 8-Hour Briefing
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The S&P 500 dropped 1.2% in its worst week since June, marking its first two-week loss since June as geopolitical tensions escalated. Bitcoin and other digital assets fell sharply below $64,000 following reports of explosions in Tehran and Israel's preemptive strike on Iran, as detailed in Yahoo Finance and Bloomberg Markets. Lithium bottom is in, with global demand set to jump 25% as the EV market recovers, according to Investing.com News. Stablecoin demand surge could end 30-year Treasury auctions for 3 years, as noted in Investing.com News.
Deals & Corporate Activity
Thailand’s Charoen Pokphand Group plans to sell a 10% stake in its telecommunications affiliate True Corp. with most shares going to UBS Group AG, as reported by Bloomberg Markets. Nvidia taps Groq tech to power next-gen AI agents, aiming to cut reliance on Nvidia chips, per Investing.com News. Goldman Sachs and BlackRock join race to fund Phoenix’s pension business, with talks in early stages, according to Financial Times Companies.
Macro & Policy
China’s capital markets rebounded last year, fueled by a surge in equity refinancing and bond issuance, per Bloomberg Markets. Argentina passes biggest economic overhaul in decades, a Libertarian win detailed in Investing.com News. The U.S. Department of Justice seeks a 4-month delay in a multi-billion dollar tariff refund standoff, as reported in Investing.com News.