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  • Apr 15, 2025

Crypto’s Newest Stablecoin Is Inflation-Linked Bond Alternative

(Bloomberg) -- A new cryptocurrency aims to occupy the final frontier of investor safety — cash that doesn’t lose purchasing power to inflation.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Even Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing Six$15 Million Fund Bets Leadership Training Can Improve Chicago PolicingLA County Floats Leaner Budget Burdened by Fire and Legal CostsUSDi, being launched by two veterans of US inflation-protect

  • Apr 15, 2025

Citigroup profit beats estimates as stock trading jumps 23%

Citigroup beat Wall Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity. The third-largest U.S. lender's earnings echoed those of Wall Street rivals, including JPMorgan Chase, Bank of America, and Morgan Stanley, whose results were also lifted by stronger equities trading. While industry profits rose, executives warned that U.S. tariff policies cast a shadow over the economic outlook.

  • Apr 15, 2025

Crypto Exchange Kraken Now Offers Stock and ETF Trading

- Crypto exchange Kraken has added 11,000+ U.S. stocks and ETFs to its platform. - The initial rollout covers select states with plans for national expansion. - The move positions Kraken to compete with traditional brokerages.

  • Apr 15, 2025

BofA stock surges after boosting profit on trading gains, interest income

(Reuters) -Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares more than 4%. "There is a lot to potentially change given the uncertainty around the tariffs and the policies on the future path of the economy," CEO Brian Moynihan told analysts on a call. Equities trading jumped 17% to a record $2.2 billion, while fixed income, currencies and commodities trading revenue jumped 5% to $3.5 billion, propelling its markets revenue to the highest in more than a decade.

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