Author: Daniel snow

Launched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation.Nurphoto | Getty ImagesCircle, the issuer of the popular USDC stablecoin, has begun its long-awaited initial public offering process, looking to raise about $624 million at a valuation around $6 billion.The company, led by CEO Jeremy Allaire, said Thursday in a filing that it plans to sell 24 million shares of Class A common stock in total – 9.6 million to be sold by the company and another another 14.4 million by existing shareholders – at an…

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Still from Disney’s newest live-action remake “Lilo & Stitch.”DisneyShares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office.AMC saw its stock jump more than 20%, while shares of Marcus Theatres’ parent company Marcus Corporation climbed 8% and Cinemark stock leaped 2.5%.The tandem releases of Disney’s live-action “Lilo & Stitch” and Paramount’s “Mission Impossible — The Final Reckoning” alongside holdovers Disney and Marvel’s “Thunderbolts*,” Warner Bros.’ “Sinners” and “Final Destination Bloodlines” led to an estimated $326 million haul, the highest Memorial Day box office ever, according to data from Comscore.It is also…

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US President Donald Trump and First Lady Melania Trump are greeted by California Governor Gavin Newson upon arrival at Los Angeles International Airport in Los Angeles, California, on Jan. 24, 2025, to visit the region devastated by the Palisades and Eaton fires.Mandel Ngan | AFP | Getty ImagesPresident Donald Trump on Tuesday threatened to strip “large scale federal funding” from California if the state goes against his executive order banning transgender athletes from participating in women’s sports.That funding could be withheld “permanently” if California continues to flout the Feb. 5 order, Trump warned on Truth Social.The president’s post complained that…

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