The US is expanding the dollar's reach globally through regulated, dollar-backed stablecoins and the GENIUS Act, effectively privatizing dollar issuance on open networks. Meanwhile, China is advancing its state-controlled digital yuan (e-CNY) and the mBridge platform to build a sovereign, interest-bearing digital currency system that bypasses the dollar for cross-border trade within its political and trade alliances. Despite efforts by BRICS and others to de-dollarize, dollar-pegged stablecoins dominate global digital settlements, reinforcing demand for US assets. The outcome of this US-China digital currency competition will shape the architecture of global finance for decades, with the US leveraging private sector innovation and China focusing on state control and alternative settlement networks.
Take-Two Interactive's stock rose following a strong first-quarter earnings report that beat revenue and EBITDA estimates, driven by robust operational results. Analyst Roth Capital reaffirmed a "Buy" rating and raised the price target to $300, refle...
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Star Equity Holdings, a diversified holding company, announced it will release its financial results for the second quarter ending June 30, 2026, on August 14 before market open. A conference call to discuss the results and management's outlook is sc...
