
Circle just paid $400 million for the plumbing that moves dollars overseas.
Wall Street finally embraced crypto staking. It just found two ways to charge you.
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Wall Street finally embraced crypto staking. It just found two ways to charge you.

Software startup Clay, whose AI tools help automate sales and marketing tasks, said on Wednesday it raised $115 million at a $7.1 billion valuation, more than twice as much as it was valued a year ago, as investors pile into companies developing AI agents.

The Japanese yen's recent broad strengthening signals rising odds of a Bank of Japan rate hike, unsettling global FX and risk asset markets. Equity markets remain complacent, with low VIX and implied correlations, despite historical links between yen strength and volatility spikes.

Phathom Pharmaceuticals is executing a specialist-focused strategy, targeting gastroenterologists to drive VOQUEZNA adoption and move toward sustainable profitability. Second-quarter 2026 revenue grew 88% to $74.3M, SG&A fell, and management forecasts 2026 revenue of $310–$325M with an 80% gross margin, signaling operating leverage. PHAT's commercial runway is supported by $182.5M in cash and improved operating cash flows, but revenue-interest financing remains a material risk.

Consumer and wholesale prices are rising again. Just how bad does it have to get for the Fed to act?

Two Democratic senators on Wednesday urged Delta Air Lines CEO Ed Bastian to remain neutral in ongoing efforts by some airline flight attendants to unionize.

The Canada-U.S. trade war is driven more by political pressures than economic fundamentals, with midterm elections likely to force a negotiated settlement. Tariffs, especially on autos and alcohol, risk driving inflation higher and pressuring companies like Ford, GM, and Brown-Forman.

Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.

Small-capitalization stocks are back in the market's spotlight after sliding below a key chart level, as investors watch for signs that rising global bond yields could put more pressure on equities.

The U.S. Treasury announced it will buy back $6 billion in longer-dated debt effective Thursday, a headline that spiked the 10-year Treasury yield to highs not seen since the end of 2023. Eddie Ghabour reacts to the breaking news and explains why the buyback won't be enough to curb long-term headwinds facing the stock market.

Amrita Sen, Founder and Director of Research at Energy Aspects, discusses rising crude prices, shrinking inventories, China demand, Middle East risks, inflation and growing recession concerns.
Treasury Secretary Scott Bessent will up the department's long-term bond purchase operation to $6 billion.

The U.S. Treasury raised the size of its planned buyback operation for Treasurys maturing in 10 to 20 years to $6 billion, triple the typical amount.

First operation goes from $4 billion to $6 billion

Gina Martin Adams, chief market strategist at HB Wealth, points out that every single hyperscaler has been through a bear market over the past year, and nobody talks about it because the index kept rising. She also thinks the danger zone for stocks has moved higher, from 5% on the 10-year toward five and a half.