Guggenheim Expands Crypto Foray With Ripple Debt Product Tie-Up
After a successful rollout of its first digital ledger-linked debt offering, Guggenheim Treasury Services is expanding the product in a tie-up with crypto firm Ripple.
The digital commercial paper offering will now be available on XRP Ledger, a public blockchain affiliated with Ripple. For its part, Ripple will invest $10 million into the US Treasury-secured fixed income asset, RippleX's Markus Infanger said in an interview. Ripple is also exploring using the product for payments, and considering making it available for purchases with Ripple's stablecoin, the RippleX senior vice president added.
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22 minutes ago
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The "Magnificent Seven" Are Still Growing Faster Than the Rest of the S&P 500. Here's When That Could Change, According to Wall Street Analysts.
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That trend continued in the first quarter, but analysts are starting to think their phenomenal run of outperforming everything else in the market may come to an end soon. Here's what investors need to know. After Nvidia (NASDAQ: NVDA) released its quarterly earnings on May 28, FactSet reported the Magnificent Seven grew earnings 27.7% in aggregate. That massively outperformed analysts' expectations of 16.0% earnings growth for the group. Here's how it breaks down: Amazon (NASDAQ: AMZN): $1.59 earnings per share (EPS) vs. $1.36 expected, up 62% year over year. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL): $2.81 EPS vs. $2.01 expected, up 49% year over year. Meta Platforms: $6.43 EPS vs. $5.22 expected, up 37% year over year. Nvidia: $0.81 EPS vs. $0.75 expected, up 33% year over year. Microsoft: $3.46 EPS vs. $3.22 expected, up 18% year over year. Apple: $1.65 EPS vs. $1.62 expected, up 8% year over year. Tesla (NASDAQ: TSLA): $0.27 EPS vs. $0.41 expected, down 40% year over year. 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