Market News Today — AI-Curated Stock & Crypto Headlines

The article provides an overview of the Horizons Middle East & Africa program, highlighting its focus on global markets and analysis in the MEA region.

Federal Reserve Governor Christopher Waller indicated potential support for holding interest rates steady if inflation continues to ease, which led to a rise in stocks and a decline in bond yields.

Blackstone's Blackstone Private Credit Fund (BCRED) has again limited investor redemptions to 5% amid redemption requests.

Federal Reserve Governor Christopher Waller indicated that the August CPI data, due next week, will heavily influence his decision on interest rates.

US retail diesel prices reached a four-year high of $5.783 per gallon, the highest since mid-2022, driven by supply constraints and geopolitical factors.

The NBA suspended Los Angeles Clippers owner Steve Ballmer for one year and stripped the team of five first-round draft picks after an investigation found the franchise facilitated sponsorship agreements with Kawhi Leonard to circumvent salary cap rules.

Aurora Cannabis' board unanimously rejected a takeover bid from Curaleaf, citing the offer as 'inadequate' and not in shareholders' best interest.

The Los Angeles Angels MLB team was sold to billionaire Stan Kroenke's Kroenke Sports & Entertainment for a record $4 billion valuation, as reported by Bloomberg.

KKR is exiting its USI Insurance Services unit by selling it to Aon for $17 billion, generating a $3.3 billion profit for KKR.

Eli Lilly announced a $2.88 billion cash acquisition of Merida Biosciences to expand into autoimmune and allergic diseases, signaling a strategic shift beyond its core weight-loss and diabetes markets.

Florida Rep.

Uber Technologies announced a global workforce reduction of 3,300 roles (10% of staff) as part of a restructuring to streamline management layers and redirect spending toward core businesses including ride-sharing, delivery, and robotaxis.