TLDR

MARKET RECAP → Stocks climbed Thursday after President Donald Trump unveiled a trade deal framework with the U.K. — marking the first major pact since the U.S. rolled out sweeping pre-emptive tariffs across global markets earlier this year.

CELEBS CLEARED IN FTX CASE → A judge ruled celebs like Steph Curry and Tom Brady weren’t liable for endorsing FTX, saying plaintiffs couldn’t prove they knew it was shady. 🧑‍⚖️

U.K. AND U.S. STRIKE TRADE DEAL → 🇺🇸 Trump unveiled a “comprehensive” trade deal with the U.K., making it the first country to seal a pact post-tariffs—steel, aluminum, and autos may be next on the negotiation table.

Was this email forwarded to you? Sign up for free here.

Earn rewards by referring friends. Scroll to the bottom to learn more! 👇️ 

MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Celebs Cleared In FTX Case

📉 A federal judge tossed most claims against celebs like Steph Curry, Tom Brady, and Kevin O’Leary in the FTX lawsuit, ruling that plaintiffs failed to prove they knew about the fraud. The decision shrank the scope of the case, which accused stars of misleading investors while pocketing endorsement cash.

⚖️ The court ruled there wasn’t enough evidence to show the “Celebrity Defendants” or influencer YouTubers had knowledge of misconduct by Sam Bankman-Fried or FTX. That left most federal and state advertising-related claims dead on arrival.

💸 FTX’s collapse in 2022 vaporized billions in customer funds and kicked off global investigations. But this ruling means the legal fallout may fall more on the company itself than on its high-profile promoters.

TODAY’S TOP NEWS

U.K. and U.S. Strike Trade Deal

🔔 Trump announced a “full and comprehensive” trade deal with the U.K., calling it the first major agreement since the U.S. imposed sweeping new tariffs. The U.K., despite being hit with baseline 10% tariffs, avoided the harsher “reciprocal” duties placed on others.

📉 Britain's central bank cut interest rates by 25 basis points, citing global uncertainty caused by tariff moves. The Bank of England said the hit to U.K. growth and inflation would likely be modest compared to other countries.

🤝 The deal signals deeper economic ties amid global trade tensions, with more agreements reportedly in the works. Steel, aluminum, and auto tariffs may be restructured as part of the finalized pact.

KEEP READING

Robert Prevost chosen to be Pope Leo XIV, first American Catholic pontiff (CNBC)

Shopify stock slips on light guidance, company notes tariff ‘uncertainty’ (CNBC)

Senate stablecoin vote outcome uncertain, after key Democrats back out (CNBC)

OpenAI hires Instacart CEO Fidji Simo as head of applications, reporting to Altman (CNBC)

Federal Reserve holds interest rates steady: What that means for credit cards, auto loans, mortgages and more (CNBC)

Hartnett: Market Now Expecting Trump Pivot To "Lower Tariffs, Lower Rates, Lower Taxes" (ZeroHedge)

Enter for a chance to win 250K (ML)

How to Prepare Your Budget for Tariff Surcharges (ML)

Why You’ll Love the Money Master Challenge – Your Daily Finance Game! (ML)

BULL VS. BEAR

NOTABLE POSTS

MONEYLION MANAGED INVESTING

WHAT WE’RE WATCHING

A MESSAGE FROM OUR PARTNER

OUR FAVORITE TOOLS & RESOURCES

• Polymarket — The world’s largest prediction market

• Unusual Whales — Companion for uncovering unusual market activity

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

REFERRAL PROGRAM

WE WANT YOUR FEEDBACK

^{_{Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).}}

<sup><sub>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sub></sup>