Nisha Gopalan

1 week ago | investopedia.com | Nisha Gopalan

Circle Internet Group ( CRCL) shares are up 8% in premarket trading Friday, extending gains they have made since the Senate passed the GENIUS Act to establish a federal framework around the use of stablecoins. The GENIUS Act was passed on Tuesday and opens the door for the use of stablecoins by banks, fintech firms, retailers, and others. Stablecoins are cryptocurrencies whose value is tied to another currency or financial asset such as the U.S. dollar.

1 week ago | investopedia.com | Nisha Gopalan

KEY TAKEAWAYSThe U.S. added over 1,000 millionaires a day last year, more than in any other market globally. That's according to the Global Wealth Report 2025 from UBS, which noted that mainland China, in contrast, added over 380 U.S.-dollar millionaires a day in 2024. Collectively, the two areas are home to more than half of the personal wealth in the 56 global markets analyzed in the report.

1 week ago | investopedia.com | Nisha Gopalan

KEY TAKEAWAYS Hasbro ( HAS) has reportedly laid off 3% of its global workforce as tariffs boost costs at the toy maker. According to The Wall Street Journal, the laid-off employees, who spanned departments and regions worldwide, were informed of the cuts on Monday. Roughly 150 employees are affected by the layoffs at the maker of Monopoly and Nerf, based on Hasbro's 4,985 global staffers cited in its 2024 annual report.

1 week ago | investopedia.com | Nisha Gopalan

KEY TAKEAWAYS OpenAI CEO Sam Altman said Meta Platforms ( META) offered signing bonuses as high as $100 million to poach the ChatGPT maker's staffers. Speaking on his brother's "Uncapped with Jack Altman" podcast, Sam Altman added that the Facebook parent was offering even larger annual compensation packages.

1 week ago | investopedia.com | Nisha Gopalan

KEY TAKEAWAYS U.S. equities declined at midday as investors continued to digest the fighting in the Middle East. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all edged lower. Shares of solar companies Enphase Energy ( ENPH) and First Solar ( FSLR) led S&P 500 decliners after the Senate maintained the full removal of clean-energy tax credits in the budget bill. SunRun ( RUN) and SolarEdge Technologies ( SEDG) shares also plummeted.