SoFi Technologies reported strong first-quarter results, with profit and revenue surpassing expectations, but its shares fell sharply after the company issued a slightly weaker-than-expected outlook for the current quarter. The financial services firm said it expects adjusted revenue growth of around 30% in the second quarter, just below analyst estimates of 31%. The cautious guidance
Through Proposed Mergers to Drive Long-term Value 29 April 2026 – Tether Investments, S.A. de C.V. (“Tether Investments”), today announced its proposals for the next phase of Twenty-One Capital’s (XXI) journey through a series of proposed transactions aimed at strengthening XXI’s structure, capital allocation, and long-term trajectory. As part of this initiative, Tether Investments intends
Four of the Magnificent Seven (Mag 7) tech giants are still on track to meet their massive artificial intelligence (AI) spending targets this year, according to their earnings report. The companies that have reported quarterly earnings post-market on Wednesday are Microsoft (MSFT), Alphabet (GOOG), Meta (META) and Amazon (AMZ), with a combined market cap of
A new report from the global consulting firm Bain & Company, one-third of the big three consulting firms with McKinsey & Company and Boston Consulting Group (BCG), has named stablecoins as central to the future of wholesale banking. Bain & Company published the report on April 29, arguing that stablecoins and tokenized deposits are no
Solana multisig leader Squads raises $18M to scale its Altitude stablecoin accounts for enterprises, reinforcing Solana’s role as plumbing for onchain dollar treasuries. Solana‑based multi‑signature protocol Squads has raised 18 million dollars in a new strategic equity round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D and others, according to The
In brief The Federal Reserve held its benchmark interest rate steady for a third time this year as conflict in the Middle East continues to propel energy costs higher. The Senate Banking Committee advanced Kevin Warsh’s nomination to lead the U.S. Central Bank, setting him up for a final vote. Although Fed Chair Powell’s eight-year
While the heyday of Cathie Wood’s investment management is, for the time being, firmly in the past, the popular ARK Innovation ETF (ARKK) has been having a respectable run in the last 12 months and unveiled its latest series of bets as recently as April 28. ARKK ETF one-year price chart. Source: Google Specifically, ARKK
Current Federal Reserve chair Jerome Powell will continue to stay on the central bank’s board as Governor after his term ends in May. Speaking at a press conference following the central bank’s decision to hold interest rates steady at 3.5%-3.75% on Wednesday, Powell voiced concerns about the legal action against the central bank, saying it
Nvidia’s (NASDAQ: NVDA) dominance in artificial intelligence (AI) became clear once again this week when the company reclaimed its $5 trillion market cap status and saw its shares hit a new all-time high. At the same time, the chipmaker now accounts for nearly 5% of the MSCI All Country World Index (ACWI), surpassing national markets