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Trump considers executive action to cap card interest amid stalled congressional effort
#Business
2 mins read
3 months ago

Trump considers executive action to cap card interest amid stalled congressional effort

Wall Street cheers Intel rebound as foundry progress and server demand tighten market
#Business
2 mins read
3 months ago

Wall Street cheers Intel rebound as foundry progress and server demand tighten market

ASML stock tipped to surge 70% on artificial intelligence wave
#Business
1 mins read
3 months ago

ASML stock tipped to surge 70% on artificial intelligence wave

Why are crypto stocks Strategy, Coinbase, Robinhood, and Circle crashing today?
#Business
2 mins read
3 months ago

Why are crypto stocks Strategy, Coinbase, Robinhood, and Circle crashing today?

#Business
2 mins read
3 months ago

UK regulator sees victory as High Court dismisses Revolut, Visa and Mastercard challenge

BlackRock's Q4 earnings shows best performance in its history, as AUM surpass $14 trillion
#Business
3 mins read
3 months ago

BlackRock’s Q4 earnings shows best performance in its history, as AUM surpass $14 trillion

TSMC smashes Q4 earnings by 35%, outdoing Wall Street’s bullish calls yet again
#Business
2 mins read
3 months ago

TSMC smashes Q4 earnings by 35%, outdoing Wall Street’s bullish calls yet again

Toyota stock surges 4% to new record as it boosts buyout tender offer of parent company
#Business
2 mins read
3 months ago

Toyota stock surges 4% to new record as it boosts buyout tender offer of parent company

Visa says stablecoin settlement volumes are surging, annualized at $4.5 billion now
#Business
2 mins read
3 months ago

Visa says stablecoin settlement volumes are surging, annualized at $4.5 billion now

With earnings only a month away, Nvidia’s stock is deep in the red. What's going on?
#Business
2 mins read
3 months ago

With earnings only a month away, Nvidia’s stock is deep in the red. What’s going on?

Oracle stock slide 5% as bondholders sue Larry El and his Wall Street lenders over AI debt
#Business
2 mins read
3 months ago

Oracle stock slide 5% as bondholders sue Larry El and his Wall Street lenders over AI debt

Wall Street blasts Trump’s 10% cap as “devastating” for lenders and borrowers
#Business
2 mins read
3 months ago

Wall Street blasts Trump’s 10% cap as “devastating” for lenders and borrowers

#Business
2 mins read
3 months ago

Figure Technology launches on‑chain public equity network for blockchain stock issuance

#Business
2 mins read
3 months ago

Chinese chip designer Montage lines up Alibaba and JPMorgan for $10 billion Hong Kong IPO

Wall Street boosts trading desks to exploit pricing gaps in prediction markets
#Business
3 mins read
3 months ago

Wall Street boosts trading desks to exploit pricing gaps in prediction markets

Russian pawnshops to give loans against crypto collateral
#Business
2 mins read
3 months ago

Russian pawnshops to give loans against crypto collateral

Chip stocks Intel, AMD, and Micron get price target boosts from Wall Street ahead of earnings
#Business
2 mins read
3 months ago

Chip stocks Intel, AMD, and Micron get price target boosts from Wall Street ahead of earnings

JPMorgan Q4 profit misses Street estimates as Apple Card costs bite
#Business
2 mins read
3 months ago

JPMorgan Q4 profit misses Street estimates as Apple Card costs bite

Volkswagen bets on affordable EVs to lift sales in 2026
#Business
3 mins read
3 months ago

Volkswagen bets on affordable EVs to lift sales in 2026

European Union to sign MoU with Trump administration on rare earth supply
#Business
3 mins read
3 months ago

Europe’s market rally has gone too far as overbought signal reaches decade peak

Nvidia denies upfront payment demand for H200 chips from China customers after earlier reports
#Business
3 mins read
3 months ago

Nvidia denies upfront payment demand for H200 chips from China customers after earlier reports

#Business
2 mins read
3 months ago

World Liberty Markets goes live, using $3.4 billion USD1 stablecoin for crypto loans and liquidity

XPeng's flying car unit Aridge eyes Hong Kong IPO with Wall Street giants
#Business
2 mins read
3 months ago

XPeng’s flying car unit Aridge eyes Hong Kong IPO with Wall Street giants

Chip giant TSMC forecast to lift Q4 profit 27% as AI server and smartphone orders surge
#Business
2 mins read
3 months ago

Chip giant TSMC forecast to lift Q4 profit 27% as AI server and smartphone orders surge

Wall Street bank stocks plunge pre‑market on Trump calls for 10% credit‑card rate cap
#Business
2 mins read
3 months ago

Wall Street bank stocks plunge pre‑market on Trump calls for 10% credit‑card rate cap

Retail investors stand by Saylor and Strategy despite $17.4B unrealized loss and model doubts.
#Business
3 mins read
3 months ago

Retail investors stand by Saylor and Strategy despite $17.4B unrealized loss and model doubts

Geopolitical Standoff: Kenya-China trade deal stalled amid U.S. pressure
#Business
2 mins read
3 months ago

Geopolitical Standoff: Kenya-China trade deal stalled amid U.S. pressure

How PayPal’s stock missed the entire 2025 bull run and will do the same in 2026.
#Business
2 mins read
3 months ago

How PayPal’s stock missed the entire 2025 bull run and will do the same in 2026

Jim Cramer tells investors to avoid Apple and Nvidia stocks right now
#Business
3 mins read
4 months ago

Jim Cramer tells investors to avoid Apple and Nvidia stocks right now

‘Big Short’ investor Mike Burry says he holds put options against Oracle stock
#Business
2 mins read
4 months ago

‘Big Short’ investor Mike Burry says he holds put options against Oracle stock

Amazon steals Walmart's playbook with massive big-box store near Chicago
#Business
3 mins read
4 months ago

Amazon steals Walmart’s playbook with massive big-box store near Chicago

Apple stock hits eight-day losing stretch not seen in over 30 years
#Business
2 mins read
4 months ago

Apple stock hits eight-day losing stretch not seen in over 30 years

Crypto firms and Wall Street banks are now fighting for control over how money works in the digital age. At the center of it is the stablecoin. Behind every coffee tap or online purchase, there’s a payment system most people never think about. JPMorgan alone handles 6,000 transactions per second around the world. Crypto companies want in. They’re pushing for stablecoins to replace the old system. They say it’s faster, cheaper, and built for the internet. Banks say it’s reckless and could wreck the financial system. Banks want to block stablecoin rewards before it's too late Right now, stablecoin issuers can’t offer interest. But platforms like Coinbase, Kraken, and Gemini still can. That’s the gap banks want closed. They’re lobbying Congress to ban interest on stablecoins across the board. They argue crypto companies are acting like banks without following banking rules. JPMorgan’s CFO, Jeremy Barnum, warned it could lead to a “parallel banking system.” A Treasury study said $6.6 trillion could leave banks for stablecoins. Fed economist Jessie Wang said it might be closer to $65 billion, but banks aren’t taking chances. Coinbase pulled support from the crypto bill in January. Brian Armstrong, the CEO, said, “We’d rather have no bill than a bad bill.” Lobbyists are now meeting in Washington, trying to find a middle ground. But the banks don’t want crypto firms paying interest at all. They think it’s unfair competition. Trump-backed crypto firms step into politics and banking Crypto firms aren’t sitting back. They’ve raised $193 million ahead of the midterms to back pro-crypto lawmakers. Donald Trump, now in his second term, supports stablecoins. His family business even launched one and applied for a U.S. bank license. The Federal Reserve is deciding whether to give crypto companies “skinny” accounts to access Fed payment systems directly. Banks hate the idea. Meanwhile, Europe already set its crypto rules in 2024. Benchmark’s Mark Palmer said this is a big moment for banks and fintechs that have ignored stablecoins until now. Ripple’s Jack McDonald said banks are scared of losing the deposit business, where they barely pay interest. Circle’s Jeremy Allaire told people in Davos this is no different from when money market funds started and banks freaked out back then too. Regulators fear de-pegs, criminal use, and bank runs There’s real concern about what happens if stablecoins break. In 2023, when Silicon Valley Bank collapsed, Circle’s USDC dropped below $1. It had 8% of reserves locked in the failed bank. Circle pushed for a rescue, and the peg held, but it showed how shaky things could get. The European Central Bank warned that a run on stablecoins could force them to sell billions in U.S. Treasuries fast, causing damage. Hilary Allen from American University said a stablecoin panic could spark a run on the entire Treasury market. In the UK, the Bank of England wants to cap stablecoin holdings at £20,000 for people and £10 million for companies to slow deposit outflows. Crypto firms hate the idea. They say it would stop the industry from growing. Banks worry that as stablecoins grow, they’ll have less money to lend for things like mortgages or business loans. Philipp Paech from the London School of Economics said less liquidity means higher loan costs, weaker banks, and a less stable system. Governments are now worried crypto firms will try to become banks. Circle, Ripple, and others got conditional trust charters to offer custody and brokerage services. Their customers still don’t get insured deposits. Bybit is working on launching actual bank accounts. The Bank Policy Institute fought back last year. They said crypto firms want the perks of being banks without the rules. Allaire responded at Davos that lending is now moving away from banks. He wants stablecoins to be “very, very safe money” backed by regulated reserves. Right now, most stablecoin use comes from traders moving in and out of crypto. But the future could look very different. Banks and asset managers are already experimenting. Société Générale created euro and dollar stablecoins. BNP Paribas, UniCredit, and Standard Chartered are building theirs too. Citi and Bank of America are exploring the same path. Even PayPal and Western Union are joining in. The New York Stock Exchange is working on a tokenized stock platform. Goldman Sachs CEO David Solomon said they’re already playing with the tech. But stablecoins also carry a darker side. Chainalysis said they made up 84% of illicit crypto transactions last year. Tether often shows up in global criminal cases. The company says it works with law enforcement in 48 countries. Some experts think stablecoins aren’t that special. Paech said they’re just like e-money systems used by PayPal. He said they only stand out “in the dodgy corners of the economy,” like money laundering.
#Business
3 mins read
4 months ago

Wall Street biggest banks see their biggest annual profits in history at $157B thanks to Trump

#Business
3 mins read
4 months ago

How tech executives with concentrated holdings avoid capital gains taxes

#Business
2 mins read
4 months ago

BNY Mellon’s tokenized deposits go live with ICE, Citadel, Ripple and Circle participation

#Business
3 mins read
4 months ago

Major stockpicker warns investors not to expect returns every year

Nvidia chipmaker TSMC reports revenue above estimates
#Business
2 mins read
4 months ago

Nvidia chipmaker TSMC reports revenue above estimates

Rain raises $250 million, hits $1.95 billion valuation in Series C stablecoin funding
#Business
2 mins read
4 months ago

Rain raises $250 million, hits $1.95 billion valuation in Series C stablecoin funding

Nasdaq CME Crypto™ Index revamped to support ETFs and structured crypto products
#Business
2 mins read
4 months ago

Nasdaq CME Crypto™ Index revamped to support ETFs and structured crypto products

#Business
3 mins read
4 months ago

California’s proposed billionaire tax divides tech industry

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