News

Circle on Monday reported higher quarterly revenue and reserve income driven by increased adoption and circulation of its stablecoin, sending ‌its shares rising nearly 5% in trading before the bell. Market volatility ‌and the Middle East conflict pushed investors to rotate out of cryptocurrencies and into stablecoins to ​park capital earlier this year. This was underscored by cryptocurrency exchange Coinbase's results last week, which reported dropping trading volumes.

Circle Internet Group’s earnings report could offer insight into whether AI-driven stablecoin adoption can offset weaker crypto trading activity.

The coming stock market week includes Cisco Systems earnings, plus a handful of top Dow Jones stocks positioned for possible breakouts.

By Jarrett Banks Corpay, Inc. (NYSE: CPAY) delivered the kind of quarter that shifts the narrative from a solid payments company to a potential long-term compounder. Across Wall Street brokerage reports, the themes were the same: accelerating Corporate Payments momentum, improving Lodging trends, durable double-digit organic growth, and a management team increasingly confident in the […]