Standard Chartered sees stablecoin market reaching $2T by 2030 as usage accelerates
The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields.
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Markets
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Premarket movers: Haemonetics, Broadcom, Lululemon, Palantir, Wolfspeed and more
These are the stocks posting the largest moves premarket.
Premarket movers: JPMorgan Chase, Micron, UnitedHealth and more
These are the stocks posting the largest moves before the bell.
Chart: The S&P 500’s remarkable, defiant climb to a new record
The S&P 500 returned to an intraday record Tuesday as tech gains, easing oil prices and Treasury yields helped stocks overcome months of market shocks.
Premarket movers: Bank of America, BlackRock, HPE and more
These are the stocks posting the largest moves premarket.
Investing
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What could a $10,000 Apple investment be worth five years from now?
Apple's stock has been a great performer over the past decade.
UPS may miss estimates, but the stock could still offer value
UPS faces risks from fuel costs, competition from Amazon, and weak e-commerce trends.
Berkshire Hathaway nears a 10th straight gain. What is behind the run?
The conglomerate's Class A shares are on track for their 10th consecutive day of gains. That would mark their first 10-day rally since January 2018.
Rare earths are back in focus. How much are they worth?
It's time for the 43rd installment of the Market Cap Game Show.
Crypto
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Groups unite against Illinois crypto tax after a six-month pause
Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits.
Crypto remittances from Canada to Asia jump 141% to $2.36B, Chainalysis says
Remittance-sized crypto transfers from Canada to three Asian countries reached $2.36 billion, while transfers to the Philippines alone rose 28% to $61 million.
Polygon secures U.S. payments licenses after completing the Coinme deal
The deal gives Polygon access to 37 money transmitter licenses and 11 state exemptions.
Three CryptoQuant charts keep Bitcoin’s “Uptober” case alive
Bitcoin onchain analysis eyed a “potential bottom” for BTC price action in early October as demand weathered external headwinds.
Economy
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How high inflation became an everyday fact of life in the U.S.
U.S. inflation has stayed elevated for years, raising concern at the Federal Reserve that consumers may come to expect stubbornly high prices.
Fed’s Williams expects the AI supply squeeze to last beyond two years
New York Fed President John Williams’ comments came as he reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year.
Iran vows to strike U.S. warships as Saudi Aramco site comes under attack
Meanwhile, Saudi Arabia's Aramco reportedly came under fresh attack overnight.