Good morning and welcome to Markets Desk. Here is what is moving markets right now.
PayPal is surging roughly fifteen percent in premarket trade after reports emerged that Stripe and private equity firm Advent International have jointly offered sixty dollars and fifty cents per share to acquire the payments giant, putting the total deal value north of fifty three billion dollars. For PayPal, a company that has spent years struggling to recapture its former dominance in digital payments, this bid represents a significant premium and a potential exit from a prolonged period of underperformance.
Shifting to the macro picture, Fed rate expectations have repriced sharply, and traders are taking notice. The probability of a Federal Reserve rate hike by the September meeting has jumped from twenty six percent to seventy three percent in just one month, according to CME FedWatch data. That kind of repricing carries real consequences for equities, credit spreads, and anything rate-sensitive across the board.
And on the energy front, nuclear startup Oklo is drawing attention to a striking figure — the United States has accumulated one hundred thousand metric tons of used nuclear fuel over the past six decades. Oklo sees that stockpile not as a liability but as an enormous untapped energy resource, positioning itself at the center of a growing conversation about next-generation nuclear power.
That's the tape. Markets Desk, signing off the floor.
