Your Daily Scope and News of What Matters
PayPal stock closed $53.66 Friday, down 12.7%, after Bloomberg reported Stripe and Advent walked away from a $60.50 bid. No joint statement. Lores’ three-unit turnaround is now the whole story.
Better and Coinbase opened a bitcoin-backed mortgage to general availability Aug. 26. Two loans: a Fannie Mae first lien plus a BTC-secured down-payment loan at 250% collateral. No price-based margin calls. Coinbase One members can get up to $10,000 in closing credits.
Bitcoin ETF inflows totaled $2.26 billion across six sessions through Monday, including a $1.92 billion week — strongest since October 2025. Cumulative inflows ~$54B; YTD net outflows narrowed to ~$2.57B as BTC held near $80K.
Consumer confidence fell to 89.4 in August — lowest since January — as Expectations sank to 68.2. Present Situation jumped to 121.2. Oil, war, groceries, and trade dominated write-ins ahead of PCE week.
Intuit stock trades near $362 after a 7.5% five-day climb into Aug. 25 Q4 results. Street wants ~$3.59 non-GAAP EPS and $4.27B revenue. Options price an ~9% swing as AI tax fears meet FY27 guidance.
Canada retaliatory tariffs land Sept. 8: 15–50% duties on roughly $20–28 billion of U.S. goods across 700+ lines. Champagne also unveiled $7.5 billion in worker and business supports after Trump’s weekend 50% package.
Bitcoin price crossed $80,000 on Aug. 25 for the first time since mid-May, touching ~$81,238. August is up ~28%. Drivers: soft dollar after Bessent buybacks, $1.92B weekly spot ETF inflows, and Clarity Act optimism.
Oil price fell Aug. 24 even after Bessent launched Operation Economic Outcast. Brent settled $92.17 (−2.35%); WTI $85.01. Profit-taking after a +5% week as Hormuz still moves enough barrels to keep $120–150 off the screen.
Tesla stock slid Aug. 24 with Detroit as Trump set 50% Canada auto tariffs for Jan. 1, 2027. China recalls ~2.98 million Teslas over door handles. Vegas robotaxi clearance and the Sept. 3 Cybercab event still frame the autonomy trade.
NVIDIA stock fell for seven straight sessions into Aug. 26 earnings, closing near $208.48 on Aug. 24. The slide is the longest since 2022. Wall Street still expects ~$92 billion in revenue and ~$2.09 adjusted EPS — with memory costs and guidance the real tests.