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Circle Internet Net Income Rises 202% to $214M, Beats Expectations on EPS

Circle Internet Group (CRCL), issuer of the world’s second-largest stablecoin USDC, reported third-quarter net income of $214 million, a year-over-year increase of 202%, on Wednesday. Earnings per share (EPS) rose to $0.64, beating expectations of $0.22. Total revenue and reserve income more than doubled to $740 million The New York City-based company reported earnings before…

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‘Happy to save!’: Trump’s first reaction to TikTok deal; here’s what he said about Chinese President Xi Jinping

US President Donald Trump, on Friday, hailed TikTok’s new deal and thanked Chinese President Xi Jinping for approving to “save” the platform. Under the new agreement, the short video platform will be operated through a majority American-owned joint venture.“I am so happy to have helped in saving TikTok! It will now be owned by a…

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Quick commerce race intensifies as Amazon, Flipkart level up

Quick commerce race intensifies as Amazon, Flipkart level up MUMBAI: Amazon and Walmart’s Flipkart have made it clear that they are not going to play on the sidelines in India’s quick commerce battlefield. Big money, aggressive dark store expansion, discounts, cashbacks—everything is on the table. Listed players Eternal—which owns Blinkit—and Swiggy are jittery despite sitting…

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