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We lost 4 years, but the U.S. is back in the stablecoin game, says Coinbase's Faryar Shirzad
CNBC Television· 2025-07-15 18:01
Market Trends & Investment Opportunities - Circle's shares have increased by 540% since its IPO last month [1] - Argus initiates Coinbase with a buy rating after its shares more than doubled in the past three months [2] - The potential of updating the financial system with new technological rails for value transfer is enormous for Coinbase and the economy [3] Regulatory Landscape & Impact - The US government's previous stance was an all-out war against innovation in digital assets, but the current period is more normalized [4][5] - The Genius Act specifically addresses stable coins and could be a significant boon for the US government [6] - Stable coin legislation, requiring one-to-one backing with safe assets, could drive trillions of dollars in demand for treasury bills over the next decade [7] - The Genius Act is on the verge of triggering a payment revolution, with the House expected to pass it and the President likely to sign it into law soon [8][9] Stablecoin & Treasury Market Dynamics - For every tokenized dollar issued, $1 will be held in reserves, typically in US treasuries [9] - Stable coin issuers are currently the 16th largest holders of US treasuries globally [9] - Stable coin issuers could potentially become the largest holders of US treasuries, surpassing China and Japan [9] - This development is critical given the high debt levels in the US economy [10]
X @Sam Altman
Sam Altman· 2025-07-15 17:55
RT Aleksander Madry (@aleks_madry)Season 2 of Before AGI rolls on! This week I sat down with Harvard Law professor & Berkman Klein Center co-founder @zittrain to ask: What happens when AI agents don’t just assist—but act for us?Insights into law, tech & trust in an autonomous-agent world incoming! https://t.co/56bmSKbk4t ...
Sezzle Stock Ascends 219% YTD: Should You Play or Let It Go?
ZACKS· 2025-07-15 17:55
Core Insights - Sezzle Inc.'s stock has surged 218.5% year-to-date, significantly outperforming the industry's 2.5% growth and the S&P 500's 5.8% rise [1] - The stock's performance over the past three months also shows a 217.8% increase, contrasting with declines in peers Global Payments and Corpay [4] Product Innovations and Growth - Sezzle launched "On-Demand" in October 2024, allowing users to Pay-in-4 wherever Visa is accepted, leading to 707,000 Monthly On-Demand Subscribers by December 2024 [6] - User engagement increased, with purchase frequency rising to 6.1 times in Q1 2025 from 4.5 times a year ago, contributing to a 64.1% increase in GMV and a 123.3% rise in revenue year-over-year [7][8] - The introduction of Sezzle Balance has led to $65 million loaded by shoppers, indicating strong adoption [9] - Approximately 17% of users saved over $50 on purchases, with 43% saving at least $5, enhancing customer retention [10] Profitability and Liquidity - Sezzle reported a return on equity (ROE) of 114.4% in Q1 2025, significantly higher than the industry's 48.5% [11] - The company's current ratio stands at 2.62, well above the industry's 1.15, indicating strong liquidity and improved from previous quarters [13] Revenue Projections - The Zacks Consensus Estimate for Sezzle's 2025 sales is $441.8 million, reflecting a 63% year-over-year increase, with further growth expected in 2026 [15] Valuation Concerns - Sezzle's stock is currently priced at 35.82 times forward earnings, higher than the industry's average of 21.88 times, raising concerns about overvaluation [16] Regulatory Environment - The BNPL sector faces increasing scrutiny from regulators, with potential compliance costs and operational impacts due to new state regulations [20][22]
Gov. Josh Shapiro: AI is one of the most critical security issues of our time
CNBC Television· 2025-07-15 17:48
I I should have Kelly I should have thought of that earlier. The La Palooa for energy. All we need is Perry Ferrell, a little music and and some electrical like lightning bolts.Kelly, thank you very much. Uh yes, we're joined now at the I I guess now here to for named Laala at the La Palooa. There we go.Dave McCormack. I wouldn't have put us on that list, but we're here. Yeah, I'm about 20 years past my Laala Palooa prime, but uh Governor Josh Shapiro, appreciate you joining us.Thank you very much. Great to ...
Cineverse Adds Three Industry Veterans to Accelerate Feature Film Acquisitions and Releasing Business
Prnewswire· 2025-07-15 17:40
New Cineverse Motion Pictures Group Brings Key Talent on Board: Steven Peros as VP, Creative Development and Filmmaker Relations; Dan Fisher as VP, Acquisitions; and Cameron Moore as Consultant, Theatrical DistributionLOS ANGELES, July 15, 2025 /PRNewswire/ -- Cineverse (Nasdaq: CNVS), a next-generation entertainment studio, has announced today the addition of three development, acquisitions and distributions experts to the recently-formed Cineverse Motion Pictures Group led by Chief Motion Pictures Officer ...
Will the United States Government Go Broke?
Principles by Ray Dalio· 2025-07-15 17:37
In 10 years, the US government will be $55-60 trillion in debt (which will be 7-7.5 times government revenue) because there will be $25-30 trillion of additional borrowing. That amounts to about $425,000 of debt per American family. When I calculate the supply and demand for this debt, I don’t see enough buyers to buy the debt the US needs to sell, which will cause big problems. We can avoid the worst-case scenario, but we need to act now. To learn more, I encourage you to read my new book, How Countries Go ...
X @Bloomberg
Bloomberg· 2025-07-15 17:30
Banco Santander Executive Chair Ana Botin differs with JPMorgan CEO Jamie Dimon’s pessimistic outlook on Europe, saying she sees “only upside” for the continent https://t.co/5Jey7B3yV6 ...
White House AI and crypto czar on efforts to win the global AI race
CNBC Television· 2025-07-15 17:30
So, President Trump assigned us this mission of winning the AI race. And there's really three ways that I think we do that. Number one is innovation.We have to out compete our global adversaries. There's just no substitute for innovation. You can't regulate your w your way to winning the AI race.And in the United States, the innovation is done by the private sector. So, it's really the job of government to enable the private sector and get the red tape out of the way. And you're seeing that with respect to ...
LIVE: Trump participates in energy and innovation summit in Pennsylvania | NBC News
NBC News· 2025-07-15 17:27
Watch live coverage as President Trump travels to Pennsylvania to take part in the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news st ...
Elon Musk's Tesla loses top North American sales executive in latest senior departure: report
New York Post· 2025-07-15 17:26
Tesla’s top sales executive in North America, Troy Jones, has left the electric vehicle maker in the latest senior departure at the company, the Wall Street Journal reported Tuesday, citing people familiar with the matter.The vice president of sales, service and delivery in North America – Tesla’s biggest market – Jones has been with the company for 15 years.Tesla and Jones did not immediately respond to Reuters’ requests for comment.Troy Jones, Tesla’s top sales executive in North America, Troy Jones, has ...