Latest news with #PeteMulmat
Finextra
22-07-2025
- Business
- Finextra
Tastytrade offers stablecoin account funding with Zerohash
Tastytrade, the online brokerage firm created by traders for self-directed investors, announces that it has enabled stablecoin account funding for investors across multiple stablecoins and chains, including USDC, USDT, PYUSD, and RLUSD. 0 This industry-leading, innovative funding method allows tastytrade's customers globally to fund their brokerage accounts with stablecoins, 24/7/365, powered by zerohash, the leading on-chain infrastructure provider. Stablecoin funding, in addition to being globally available, eliminates many customer friction points associated with traditional international funding methods like currency conversion fees and multi-day settlements, and can significantly decrease user costs and the hassles of moving money into a brokerage account. 'The upside of stablecoin account funding is massive: speed, simplicity, and global reach,' said Pete Mulmat, CEO of IG North America, the parent company of tastytrade. We can now move money across jurisdictions in seconds, cut out costly intermediaries, and offer a frictionless experience for our customers around the world.' 'In a market that's moving towards 24/7 global trading, account funding shouldn't be a barrier to getting started with trading,' Mulmat added. 'Stablecoins reduce that hurdle.' Zerohash's stablecoin infrastructure powers some of the world's leading financial services groups, including Stripe, Shift4, Kalshi, Securitize, Franklin Templeton, Félix Pago, and Republic. Zerohash instantly converts stablecoins into USD and sweeps the funds into tastytrade customers' brokerage accounts, eliminating the need for tastytrade to manage stablecoins or interact with blockchains directly. 'We're proud to be the trusted partner for stablecoin account funding for leading brokerages, including tastytrade,' said Edward Woodford, Founder & CEO of zerohash. 'Stablecoin account funding helps brokerages expand their businesses with instant funding globally.'
Yahoo
21-07-2025
- Automotive
- Yahoo
Mag 7 earnings: Why Alphabet is the 'bigger story' — not Tesla
Tesla (TSLA) and Alphabet (GOOG, GOOGL) are set to report earnings this Wednesday. Yahoo Finance Senior Reporter Allie Canal, IG North America Interim CEO Pete Mulmat, and Baird Investment strategist Ross Mayfield join Opening Bid host Brian Sozzi to examine which of the "Magnificent Seven" earnings results will be most important. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. because it's going to be a big, uh, multi-year initiative for Tesla, billions of dollars likely in terms of investment. But I do think they just want to hear if they're going to sell more cars. When does that top line pick up for this company? Because they're not making money off robotaxis, at least for the next few years. Yeah, Brian, you're absolutely right, and when it comes to sales, the US we're slipping, we're slipping abroad. There's a lot of competition on that front, and cheaper EV models too. That was something that analysts were hoping we could see before the expiration of those EV tax credits at the end of September. We haven't seen that. We likely won't. So, what does that mean for the competitive landscape here, and it's coming at a time where consumer purchasing behavior has shifted a bit? There's more of a favor for hybrids than pure EV plays on the infrastructure side. We're still lacking a bit there. So, where's the innovation here? What does Elon Musk plan to do to reinvigorate some of these sales, because it is core to the business. It is the part of the business that's making money, and we've just seen struggle after struggle on that front. So, he's going to have to come out and say something that's encouraging to investors, that that's not just 5, 10 years down the line. What is the short-term plan for Tesla to reinvigorate sales and get some profits? Uh, Pete, we've seen some, uh, pretty strong moves in Tesla the past few earnings reports. Your team at Tastytrade seeing anything in the options market ahead of this, uh, Tesla release? Uh, you know what, um, balls in a little bit on Tesla right now. Uh, we see about an expected, uh, 23% or $23 move, uh, going into the earnings announcement. Uh, customers, for the most part, are, uh, still bullish, but, um, we're seeing that play through most of the mega 7, uh, names right now. Um, so, uh, seeing a relatively with volatility in at these levels, um, Tesla a little bit different story than a lot of the other mega 7s, 20% below its highs. Um, not seeing a lot of, uh, um, skewing the options chains, uh, giving us some indication as to that, but, um, again, we're looking for right now around that $23 move on either side on the earnings. Ross, last word over to you. What's the more important report this week for the market, broadly, is it Alphabet or is it Tesla? I think it's Alphabet. Um, you know, Tesla has always been a kind of the idiosyncratic member of the Mag 7, um, lumped in because of its size and its tech adjacency, but as you mentioned, it really, it sells cars. So it's got these AI links and, um, you know, big tech aspirations, but it kind of sits on its own. Alphabet is an AI story, it's a big tech story, it's a, um, a story that's, you know, has a lot to do with the EU trade and some of the non-tariff barriers over the EU. So there is a lot there, and I think that the extent to which AI tools like Chat GPT are cannibalizing or eating some of the moat around that company or changing the way that we use search, the way that we interact with our software, um, that is the story, and that is the company that's most going to tell the story about how AI is working in our lives. And that's again, we've got the mega 7 at all-time highs. We're back on the AI trend. So that's the thing that the market is thinking about right now. I think that's the bigger story. Related Videos Alphabet earnings, Cleveland-Cliffs surges, CSX upgraded Why so many companies are trying to become banks Markets are 'getting close' to being priced to perfection Navitas skyrockets, Dollar Tree upgraded, Sarepta & FDA Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Markets are 'getting close' to being priced to perfection
Yahoo Finance Executive Editor Brian Sozzi examines whether the market is priced to perfection and discusses the risks ahead that could threaten stocks' high valuation. Baird Investment strategist Ross Mayfield, IG North America Interim CEO Pete Mulmat, and Senior Reporter Allie Canal discuss. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. All right, it's time now for our question of the day. Is the market priced for perfection? I want to put the pressure on our group here. Ross, I'm gonna start with you. A market could stay priced for perfection for a long period of time. I would argue I could ask this question six months ago and we probably would have said it was priced for perfection. Is it priced for perfection now and how long can it stay at these levels when we're looking at a Fed meeting next week, we're looking at an August 1st tariff deadline. There are some real potential negative shocks coming to this market. Yeah, you're absolutely right. I would say not priced to perfection, but priced for very, very good. I mean, you know, you have a forward multiple that's approaching at, you know, 2021 levels, but only, you know, expecting, you know, the S&P 9-ish percent growth for 2025. So that's not crazy. That's not something that's undeliverable. So I think you're priced for very good. You mentioned there's a lot of kind of potential headwinds or catalyst out there. That could cause some near-term pain. We've had this big run-up, usually you have to consolidate a move like that, maybe let the earnings and the fundamentals kind of catch up to price. But the other thing is the move we've seen, that breadth, that momentum, the kind of global and cyclical nature of this move, usually those portend pretty strong returns six, 12 months out. So I think that near term, you could see some chop, you could see, you know, even a bit of a correction here. But it's priced for very good and I think it's going to be able to deliver on that. Uh, Pete, Ross has set you up for a big correction call here on Yahoo Finance. Tell me that the S&P 500 is going to lose 10 to 15% over the next two weeks. Come on, the floor is yours. Oh, it's going to zero. No, no, he has, he has set me up wonderfully. You know what? I think we are getting close to that, uh, that perfection in terms of rates will be flat or lower. Tariffs have not been impactful, nor will they be in the future. I think we're at a point right now where, um, and you made a great point that these runs tend to last longer than anybody expects. And I agree with you on that. But I think we, we are in that mode that, um, bad news is good news and good news is good news, and that can change. Whether we've got another two, three percent to the upside, but I would imagine by the fall we'll be seeing this market trading lower. Ali, last word to you. This has been an unshakeable market. Tariffs, tariff headlines really haven't taken the market down. Even companies that have reported squishy earnings. I'll put Domino's results into this morning. I mean, they missed badly on earnings, but the stock's up on a US same store sales figure and some stuffed crust pizza results. I mean, give me a break. I mean, it's hard to figure out if tariffs are going to take this market down, what will? I think it's going to be disappointment on the earnings front, especially for a big company like Nvidia. I think that is the biggest risk in the near term. But we are in a bull market, and I think looking ahead, it's all about artificial intelligence. We are still in the early innings of AI. If you look back in history at any other bull market, there is always that innovation. And this time around, it's AI. And we haven't even scratched the surface when it comes to some of those productivity gains there, too. So overall, I think we are going to see this market chug along higher. But as we've been discussing, there are still near-term risks. We could see some chop, some volatility, in particular when it comes to the interest rate path. I think we're going to be priced out of that for this year. I think we're going to see those cuts not until 2026. How the market takes that is a big TBD. But I think if we continue to see economic data coming strong, if earnings coming strong, then we're at a solid place in this market.
