Author: Admin

The crypto industry’s stablecoin operations, such as the arrangement between issuer Circle and leading exchange Coinbase, could be under serious pressure in the U.S. Office of the Comptroller of the Currency’s newly proposed set of stablecoin rules.Even as OCC chief Jonathan Gould testified in the U.S. Senate on issues that included crypto oversight on Thursday, people in the industry said they’ve been trying to understand his agency’s 376-page proposal to regulate domestic issuers under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act that became law last year. The allowance of stablecoin yield and reward has not only…

A day after Cava’s upbeat sales forecast raised hopes for the restaurant industry, rival fast-casual chain Sweetgreen is bringing them back to earth.

China encourages dollar buying to slow yuan ascent

Key PointsConcerns about a sluggish labor market and the disruption from artificial intelligence keep weighing on ADP shares.Despite the uncertainty, ADP continues to experience steady revenue, earnings, and dividend growth.At current prices, shares trade at a valuation that could prove to be a steal.10 stocks we like better than Automatic Data Processing ›Over the past year, a double whammy of headwinds has hit Automatic Data Processing (NASDAQ: ADP), better known as ADP. First, concerns about the sluggish employment market have continued to pressure the payroll processor and HR software provider’s shares.More recently, ADP has sold off due to fears that…

Retail sales are still rising, but record household savings, stepped-up gold buying and reined-in income expectations suggest the population of the world’s second largest economy is now prioritizing security over splurges — with consequences for global brands and investors.

Ministers will take another step towards banning social media for under-16s next week as they launch a consultation on the policy, with government insiders increasingly certain Keir Starmer will back the idea.Liz Kendall, the technology secretary, will publish the terms of reference for the consultation, which is expected to explore options including an age limit and less hardline action such as curbs on infinite scrolling.Government insiders say the consultation will not back one option over another, but ministers and officials believe the prime minister will announce his support for a ban in the summer.One senior government figure involved in drawing…

It’s finally nearing time to wrap up the Q3 earnings cycle with the release of the NVIDIA NVDA results, which also reflected the last Mag 7 release.The entire market was watching the release like a hawk, given its status as the poster child of the AI frenzy, likely the most critical Q3 release of all.But was the print good or bad? Let’s take a closer look at the release.NVIDIA Results Reflect RealityNVIDIA yet again posted a double-beat relative to our consensus expectations, with sales of $57 million growing 62% alongside a 67% jump in EPS. Unsurprisingly, it reflected a record-setting…

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural stylesGeorge Pachantouris | Moment | Getty ImagesAsia-Pacific markets traded mixed Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat.Japan’s Nikkei 225 slid 0.6%, while the Topix traded flat. The benchmark Japanese index hit 59,000 for the first time on Thursday before paring gains slightly.South Korea’s Kospi declined 1.1%, while the small-cap Kosdaq was down 0.35%.Hong Kong Hang Seng index rose 0.68%, while the CSI 300 slid 0.49%.Australia’s S&P/ASX 200 was flat in early trade.Asia tech stocks slid in early trading. SK Hynix, which…

Eastspring Investments Asian Equity Portfolio Specialist Ken Wong speaks on Bloomberg TV about bright spots for investors seeking growth in key Asian markets including South Korea, Taiwan and India. (Source: Bloomberg)

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