Tether data shock revenue as stablecoin big aims to place reserve controversy behind it

Critical Details

Tether on Thursday claimed it produced $700 million of financial gain in the December quarter, which the agency has employed to strengthen its reserves.
Tether can make revenue from several charges, and issuing financial loans to other institutions, and investments in electronic tokens and treasured metals.
The agency has prolonged been dogged by problems that its token isn’t really entirely backed a single-to-one by an equivalent benefit of reserves.

Source

Finance

Trump says ‘stupid’ Powell ‘probably won’t cut’ rates when Fed meeting ends Wednesday

June 18, 2025

watch now VIDEO5:2305:23 Trump says ‘stupid’ Powell ‘probably won’t cut’ rates when Fed meeting ends Wednesday Squawk on the Street With the Federal Reserve just hours away from its latest decision on interest rates, President Donald Trump on Wednesday lambasted Chair Jerome Powell, calling him “stupid” while doubting the central bank would cut. In his […]

Finance

This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives

June 18, 2025

ETF Edge This artificial intelligence subcategory is undergoing a ‘golden age,’ says long-time tech analyst Dan Ives Published Wed, Jun 18 20258:43 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source

Finance

Klarna CEO wants to turn the platform into a ‘super app’ with AI

June 18, 2025

Key Points Klarna CEO Sebastian Siemiatkowski wants to make the platform more of an all-encompassing financial “super app” that’s personalized and can offer non-financial services. “With AI, you can abstract and adopt the experience much more to the specific user you’re dealing with,” Siemiatkowski told CNBC in an interview this week. On Wednesday, Klarna is […]