U.S. Stocks Hit Record Highs Despite Broad Market Declines
The S&P 500 reached a new all-time high above 6,900 even as nearly 80% of its components fell, with Apple, Nvidia and Microsoft alone driving the rally ahead of the Fed’s rate decision.
The S&P 500 reached a new all-time high above 6,900 even as nearly 80% of its components fell, with Apple, Nvidia and Microsoft alone driving the rally ahead of the Fed’s rate decision.
Payments giant Visa announced it will begin supporting four different stablecoins operating on four unique blockchains, expanding its crypto-asset infrastructure amid growing institutional demand.
Circle Internet Group launched its public testnet for the Arc Layer-1 blockchain – a move backed by over 100 major institutions, including BlackRock, Mastercard, Goldman Sachs and Visa.
Shares of PayPal surged 11% after the company announced it will integrate its digital wallet into OpenAI’s ChatGPT platform, enabling users to complete purchases directly within the chatbot.
Apple became the latest company to surpass $4 trillion in market value, joining Nvidia and Microsoft as investors reward AI innovation and stronger-than-expected iPhone 17 sales.
Democratic Representative Ro Khanna is introducing legislation to bar the president, congressional members and their families from trading cryptocurrencies, citing mounting concerns about conflicts of interest and influence from the crypto industry.
Amazon is preparing its largest corporate layoff to date, set to begin Tuesday and potentially affect up to 30,000 jobs, or roughly 10% of its corporate workforce.
HSBC Holdings’ pretax profit dropped 14% in the third quarter following a $1.1 billion charge tied to the Bernard Madoff scandal, yet the bank raised its net interest-income forecast to $43 billion for 2025.
President Donald Trump has nominated Mike Selig to become the next chair of the Commodity Futures Trading Commission (CFTC), signaling an imminent shift in crypto regulation and agency leadership.
Canada’s federal government is set to introduce a comprehensive regulatory regime for stablecoins in its next budget, signalling a structural shift toward digital-asset payment infrastructure.
Tokyo-based fintech firm JPYC has launched Japan’s first yen-pegged stablecoin, backed by bank deposits and government bonds as the country races into the digital-asset era.
Qualcomm announced a bold push into AI infrastructure with two new chips AI200 and AI250 targeting rack-scale data-center workloads and rivaling leaders like Nvidia and AMD.
Western Union is testing stablecoin-based settlement systems for its global remittance operations, aiming to reduce costs, speed up transfers and leverage recent regulatory clarity.
A lobbying blitz by Binance and its founder Changpeng Zhao preceded the U.S. presidential pardon from Donald Trump, analysts say – highlighting the growing influence of crypto-industry connections in Washington.
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