MarketCatalystNasdaq Ventures is putting $100 million into Payward, Kraken's parent company, valuing it at $21 billion and expanding a partnership to launch tokenized, voting-enabled equities in 2027
WTI crude surged more than 7% to settle near $103 a barrel after Iran vowed to escalate strikes against a U.S. naval blockade, with President Trump saying the conflict would continue past the November midterms.
August wholesale inflation rose 5.4% year-over-year, hotter than expected, pushing the probability of a Federal Reserve rate hike at next week's meeting to roughly 76% from about 60% a day earlier.
U.S. stocks closed lower for a third straight session Wednesday as oil jumped 3.8% on U.S.-Iran escalation and the 10-year yield stayed elevated, with the Russell 2000 leading declines even as a Chewy earnings beat and Apple's product event drew attention.
U.S. stocks fell for a tenth straight post-Labor Day session as Brent crude neared $100, the 10-year yield sat near 4.80%, and enterprise software lagged even as chipmakers and energy held up.