The Thursday of last week was an eclectic mix. The French women’s team was snubbed at the World Championships. American Eagle’s stock shot up on the Sydney Sweeney Campaign.
Take a look at today’s most popular stories.
French team banned from World Championship
After missing the mandatory deadline to submit genetic test results, the French women’s boxing squad was shut out from the World Championships 2025 in Liverpool.
World Boxing introduced mandatory PCR tests for female athletes starting in May 2025, following the Paris Olympics 2024.
The federation was forced to use an English lab because France has strict privacy laws that prohibit such testing. However, the results did not arrive on time. Five French boxers were left out, including some medal contenders.
French Federation slammed World Boxing’s recommendation of the laboratory, calling it frustrating.
This episode highlights the tensions that exist between international sport rules and national sports laws as policies on gender equality continue to develop.
American Eagle ride Sydney Sweeney’s buzz
The American Eagle stock price soared more than 33 percent on Thursday thanks to a massive ad campaign featuring Sydney Sweeney.
It was a summer campaign that attracted attention, stirred controversy and clearly worked.
Denim sold fast – sometimes in a single day – and social media campaign garnered over 150 millions views. This brought record numbers of new customers.
The company claims that despite the initial backlash the campaign drove unheard of traffic, and helped set up a steady growth in sales.
Read full report. Click here to read the full article
Justice Department probes Fed Governor Cook
US Justice Department opened criminal investigation into mortgage fraud against Fed Governor Lisa Cook. Grand jury subpoenas were issued in Georgia and Michigan.
Cook is accused of misrepresenting several properties to be her primary residence in order to obtain better mortgage offers. The referral came from FHFA director Bill Pulte.
Cook has homes in Michigan Georgia and Massachusetts.
Cook has filed a suit claiming that the removal was politically motivated, and threatened the independence of the Fed.
This case may have grave implications on the autonomy of central banks in setting their monetary policies.
Bitcoin dips below $110K
Bitcoin fell below $110,000 after failing to maintain a midweek rebound. It dropped about 2.2%, to $109 500, and gave back half its recent gains, from $107,000.
Analysts at Bitfinex are predicting a deeper correction to $93,000-95,000.
MicroStrategy, a company that deals with crypto-related investments, fell by 3.2%. Some strategists still believe in a strong rally for Q4, citing ETF flows, corporate treasury purchases, and possible regulatory tailwinds.
In the past, traders have been cautious in September, which is traditionally a weak month for Bitcoin.
The post Evening Digest: French boxers banned, American Eagle pops up, Bitcoin slips beneath key support can be changed as new developments unfold.
