A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
Financial stocks plunge as Trump proposes 10% credit card interest rate cap. Banks and card issuers face potential profitability concerns under new affordability measure.
Visa is allowing US banks to settle payments using stablecoins like USDC, aiming for faster, cheaper, and more modern digital payments.
Bank of America upgrades Visa to Buy with a $382 price target, citing strong fundamentals, growth potential, and opportunities in stablecoins.
Coinbase is reportedly in late-stage talks to acquire BVNK for around $2 billion, aiming to strengthen its stablecoin and payments strategy amid growing industry activity.
