News

Prediction: XRP Could Be Worth $600 Billion in 5 Years

XRP is up almost 25% for the year amid rising investor sentiment about its future growth prospects. The fast-growing stablecoin industry could be the key to expanding the number of use cases for XRP. XRP continues to widen its role in cross-border payments, due to the cost advantages and efficiencies of blockchain technology.

EXAS Q1 Earnings Call: Outperformance Driven by Commercial Execution, New Products, and Margin Expansion

Diagnostic company Exact Sciences Corporation (NASDAQ:EXAS) announced better-than-expected revenue in Q1 CY2025, with sales up 10.9% year on year to $706.8 million. The company’s full-year revenue guidance of $3.1 billion at the midpoint came in 1.3% above analysts’ estimates. Its non-GAAP loss of $0.21 per share was significantly below analysts’ consensus estimates.

Wall Street flat; set for strong weekly gains on trade optimism

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a U.S.-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations. U.S. equities lost some steam after a measure of consumer sentiment by the University of Michigan slipped to 50.8 for May, compared with April's 52.2, while one-year inflation expectations surged to 7.3% from 6.5%. House Budget Committee Chairman Jodey Arrington cautioned that Friday's planned vote on the tax bill might be delayed due to opposition to the measure.