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Visa’s CFO downplays the importance of stablecoin and agentic commerce to the U.S. payments giant—at least in the short term
Visa first started offering stablecoin settlements in 2023 and now has 130 stablecoin-linked card issuing programs across 40 countries. It’s also experimenting with agentic commerce, or allowing AI agents to make payments on their own.Yet just $7 billion of annual settlements on Visa’s platform are made in cryptocurrencies, compared with $14 trillion overall.“I’m hesitant to lean into the stablecoin and…
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
Nobody knows exactly why.But the densest cluster was the chipmakers: Marvell, which dropped 10% in a day after jumping 10% on news it’s joining the S&P 500, and the rest of what strategist Ben Emons has dubbed the “Parabolic 7,” after a chip index that ran up nearly 100% in a matter of weeks. “You’re seeing money flow into consumer names…
America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
The nation’s emergency reserve for oil and fuel supplies is slipping below Biden-era lows to its most exhausted level since the Reagan era—when the nearly 50-year-old U.S. Strategic Petroleum Reserve was still being filled up.“It’s a pretty monumental number to hear multidecade lows reached,” De Haan told Fortune. “The longer this goes on the fewer tools the administration has in…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Japan Consumer Inflation Surges: Potential BOJ Interest Rate Hike Looms
Japan's consumer inflation has surged to its fastest pace in four months, signaling a potential interest rate hike by the Bank of Japan later this year. In February, consumer prices…
