Mortgage costs eased as the 30-year rate ticked to 6.507%, a small but meaningful relief for homebuyers and MBS markets (Fortune). [P]Chip stocks led a market rally on rising AI demand, shifting investor allocations in tech (CNBC), while crypto saw a $1.3B IBIT selloff that knocked Bitcoin lower and Circle minted $250M in USDC on Solana, changing short-term liquidity dynamics (Coin‑Turk, Coin‑Turk).

Groupon plans cuts of up to 400 jobs as it pivots toward AI-driven strategy, a stark sign of how tech reorgs reshape local labor markets (WSJ). [P]Dropbox's co‑founder is moving to executive chairman as a new CEO takes the reins, a governance shift that often signals strategic reset (WSJ), while Pets at Home and niche operators like a family-run cemetery business show bright spots where leadership and strategy still restore growth (Reuters, CNBC).

Political and organizational leadership is in flux: Karnataka may add three deputy CMs to balance caste and gender representation, a tactical power-share with governance implications (IndiaTV). [P]On the management front, a warning against overdoing scenario planning argues that endless contingencies can block decisive fixes — a useful reminder that leadership needs action, not just more slides (AFR), and on the field, Mitchell Marsh’s injury thrusts Josh Inglis into captaincy, proving leaders can emerge overnight under pressure (CricketWorld).