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Coinbase Could See Up To $16B Net Inflows After S&P 500 Entry: Bernstein
Bernstein bullish on Coinbase after S&P 500 inclusion, projecting $16B in potential inflows from passive & active investment. Also first crypto firm to join benchmark index. read more
Chamath Palihapitiya Says Swedish Fintech Company Klarna Scaling Back AI Support Is A Red Flag For Industry: Startups Could ‘Pivot To Simply Use AI For Narrow Use Cases’
Chamath Palihapitiya has weighed in on the implications of Klarna scaling back AI, hinting it can signal a challenge for AI-first startups. read more
China Rejects US Blame For Fentanyl Crisis, Calls Tariff Penalties Unreasonable Amid Easing Trade Tensions
China firmly rejected responsibility for the U.S. fentanyl crisis on Tuesday, calling Washington’s punitive tariffs “unreasonable” even as broader trade tensions between the world’s two largest economies show signs of easing. read more
McDonald’s Launches Massive Summer Hiring Drive For 375,000 Workers Amid US Expansion Plans And Slumping Sales
McDonald’s Corp. announced Monday one of its largest hiring initiatives in years, seeking to add 375,000 employees across U.S. locations this summer as the fast-food giant pursues aggressive expansion despite recent sales challenges. read more
XRP Rallies Over 3% Tuesday Morning — Is The Coin Heading Toward $3?
Payments-focused cryptocurrency XRP (CRYPTO: XRP) retained strong momentum in the early hours of Monday, while higher-valued coins retraced. read more
Trump Lowers De Minimis Tariff On Chinese Imports From 120% To 54%, Pauses $200 Postal Fee Amid 90-Day Trade Shift
President Donald Trump has significantly reduced tariffs on Chinese imports as the United States enters a 90-day period of trade negotiations with China, according to a May 12 executive order. read more
Tesla Supplier CATL Sets Modest Underwriting Fees For World’s Biggest IPO Of 2025
Investment banks managing Tesla (NASDAQ: TSLA) battery supplier CATL’s IPO, the world’s largest listing of 2025, are set to earn underwriting fees that fall below the industry standard. read more
AST SpaceMobile Sets $75 Million Target For 2025 As CFO Andrew Johnson Says ‘Revenue Is Ramping On Plan’ Amid Surging Demand For Direct-To-Device Satellite Connectivity
During its first quarter earnings call on Monday, satellite designer and manufacturer, AST SpaceMobile Inc. gave a concrete revenue guidance for the first time, forecasted between $50 million to $75 million, heavily weighted to the back half of this year. read more