PayPal launches stablecoin platform with $100M volume
PayPal Holdings has launched PYUSDx, allowing businesses to create custom stablecoins backed by PayPal USD (CRYPTO:PYUSD).
PayPal Holdings has launched PYUSDx, allowing businesses to create custom stablecoins backed by PayPal USD (CRYPTO:PYUSD).
Bitcoin has risen roughly 22% since August 17, while most listed Bitcoin miners have failed to match the cryptocurrency’s rally.
Donald Trump suggested renaming the Strait of Hormuz after himself during remarks on Iran, claiming theUS controls the key trade route and predicting lower oil prices.
Developing new products and bringing them to market quickly has been an important ingredient in e.l.f. Beauty's rapid growth. On Bloomberg Chief Future Officer, CFO Mandy Fields tells Scarlet Fu how her finance team plays a key role in the company's innovation processes.
While e.l.f. Beauty's roots are in color cosmetics, the company has recently focused on building its skincare portfolio: since 2022, its launched an in-house skincare line and acquired two other brands (most recently Hailey Bieber's Rhode for $1 billion in 2025). On Bloomberg Chief Future Officer, CFO Mandy Fields and CEO Tarang Amin discuss e.l.f.'s strategy with Scarlet Fu.
Eric Hansotia, CEO, Chair, and President of AGCO, discusses conditions in the agriculture equipment business. Hansotia notes that the agriculture sector faces rising costs, framing the segment around input expenses and their impact on farming and equipment demand. He speaks with Romaine Bostick on "The Close."
Mark Jacobson, International Spy Museum Historian and retired US Navy Intelligence Officer, shares his experience being inside the Pentagon on September 11, 2001. He recalls being near the point of impact, and the difficulties in getting in touch with his family to let them know he had survived. Jacobson also discusses how well equipped the country is to prevent another terrorist attack and reflects on how counterterrorism has evolved in the past 25 years, saying that while overall we are more secure than we were 25 years ago, he's worried about "the fact that we are undervaluing our allies."
Glenn August, Founder and CEO of Oak Hill Advisors, discusses a recent filing that caught attention. August discusses whether OHA is making a real move into AI infrastructure, noting that the filing referred to real asset lending. He speaks with Romaine Bostick on "The Close."
Tag Greason, Co-CEO of QTS discusses the growing political and environmental backlash facing data center expansion. Greason says the AI boom is fundamentally an infrastructure buildout, and argues that U.S. leadership in AI depends on infrastructure leadership. He speaks with Romaine Bostick on "The Close."
Catherine Clay, CEO of S&P Dow Jones Indices, discusses the upcoming S&P reconstitution and rebalance, noting that the process is fully transparent and routine. She says market participants already know which names are entering and leaving the index, including Bloom Energy, Illumina and Everpure joining the S&P this month, and have ample time to adjust portfolios accordingly. She speaks with Romaine Bostick & Tyler Kendall on "The Close."
John Sculley, Zeta Global vice chairman emeritus and former Apple CEO, reacts to Apple's new iPhone Duo, the company's first foldable smartphone, which will have a 7.6-inch display when unfolded and a 5.4-inch outer screen. He speaks on "Bloomberg The Close."
Ajay Shah, chairman of global technology investment banking at Deutsche Bank Securities, joins Scarlet Fu on "Bloomberg Deals." An AI researcher has resigned from Anthropic and called on other staffers to rethink their work, citing his concern that the company and its top competitor OpenAI are acting irresponsibly in their all-out pursuit of a technology that poses existential risks to humanity.
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