XRP has dropped 44% over the past year due to a major crypto sell-off, Goldman Sachs exiting its XRP ETF position, and tight macroeconomic conditions. Despite this, XRP has historically recovered from worse crashes and could rebound if the CLARITY Act passes the Senate and ETF inflows increase. Key resistance to watch is the $1.88 200-day moving average, which could signal a recovery above $2.40 if surpassed. The next two months are critical as legislative progress and ETF activity could drive XRP's price higher.
JPMorgan Chase CEO Jamie Dimon said AI will significantly reduce the need for some banking jobs by boosting productivity, but the transition will avoid mass layoffs through natural attrition, not filling positions of those who quit or retire. The ban...
OpenAI, the creator of ChatGPT, is preparing to confidentially file for an initial public offering (IPO) with Goldman Sachs and Morgan Stanley, possibly as soon as September. Valued at $730 billion, this IPO would be one of the largest in the AI sect...
Wall Street is seeing renewed interest in stock splits, with KLA announcing a 10-for-1 split and Booking Holdings completing a 25-for-1 split earlier this year. Among potential candidates, SanDisk stands out as the most likely to split due to its hig...
