To The Moon

Wendy Owusu keeps about a quarter of her cash in stablecoins, earning a yield of about 5%. Her traditional savings accounts pay almost nothing."I'm gonna go where I'm treated best," said Owusu, a cryptocurrency analyst and entrepreneur in Los Angeles.Most of her cash is still in bank accounts to cover bills and other transactions that have to be paid in dollars, but she could see a day when she relies entirely on stablecoins, a digital token designed to mimic the dollar or other currencies in the volatile crypto world.Ashley Wright, a 31-year-old blockchain consultant and crypto investor in Toronto, started using stablecoins to send money to family in Jamaica because she said it was faster and cheaper than wire transfers."If I send $500, they're gonna get $500," she said."We're not at a place just yet where everything is able to be done with stablecoins," she said.Circle's USD Coin, one of the biggest stablecoins, briefly lost its peg to the dollar in 2023 after the failure of Silicon

UPDATE 1-Israel says it launched pre-emptive attack against IranAdds details, background throughout. Israel said it launched a pre-emptive attack against Iran on Saturday, pushing the Middle East into a renewed military confrontation and further dimming hopes for a diplomatic solution to Tehran's long-running nuclear dispute with the West.The attack, coming after Israel and Iran engaged in a 12-day air war in June, follows repeated U.S.-Israeli warnings that they would strike again if Iran pressed ahead with its nuclear and ballistic missile programmes."The State of Israel launched a pre-emptive attack against Iran to remove threats to the State of Israel," Defence Minister Israel Katz said.Tehran retaliated by launching missiles toward the U.S. Al Udeid air base in Qatar, the largest in the Middle East. Western powers have warned that Iran's ballistic missile project threatens regional stability and could deliver nuclear weapons if developed. Tehran denies seeking atomic bombs.

US strikes on Iran being carried out by air, sea, official says WASHINGTON, Feb 28 - U.S. strikes against Iran are being carried out by air and sea, a U.S. official told Reuters on Saturday.

Tesla stock was up a little to start Wednesday as investors digested a bearish take about the company's humanoid robot, Optimus.Investors are optimistic about the potential for AI-trained robots. There are two sides to every story, however.Shares of the electric-vehicle maker were up 0.2% at $410.23 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were both up about 0.3%. For now, investors seem to be waiting for Nvidia earnings, due Wednesday afternoon, before making major decisions about Tesla and other stocks.Coming into Wednesday trading, Tesla stock was up about 24% over the past 12 months. Gains value the company at about $1.8 trillion, including CEO Elon Musk's vested stock options, and trading for about 206 times estimated 2026 earnings.AI is responsible for much of that valuation, with investors believing that "physical AI," or AI applications that interact with the world, will lead to a new era of earnings growth for the auto maker. Tesla's first t

$Microsoft(MSFT)$ on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the 'Global South'.The announcement was made at the AI summit in...

Apple has been an exception to the stock market's "most-admired" trap.Popularity on Wall Street is a double-edged sword. Remember that as you peruse Fortune's recently published ranking of the...

The first U.S. nuclear fuel license in 50 years restarts the supply chain, putting uranium stocks like Cameco and Centrus at the center of a new race.

Tesla CEO Elon Musk has reiterated his confidence in the company's ability to meet the ambitious production schedule for the Cybercab, standing by the announced timeline once more.This marks the...