The IMF lowered its global growth forecast, warning that the Middle East energy shock has intensified recession risks and could keep inflation elevated for longer. The fund said persistent price pressures may force central banks to maintain restrictive policy, tightening financial conditions just as geopolitical uncertainty weighs on investment and trade.
Source: Seeking Alpha
JPMorgan kicks off U.S. bank earnings with record revenue beat
JPMorgan reported GAAP EPS of $5.94 on revenue of $50.5B, topping estimates as markets and investment banking surged. The results underscore robust client activity despite higher-for-longer rates, even as peers flagged mixed net interest income trajectories and cost discipline into the second half.
Source: Seeking Alpha
ASML beats on Q1 and updates FY26 outlook as AI demand powers chip cycle
EUV leader ASML beat top- and bottom-line expectations, introduced Q2 guidance, and updated its FY26 outlook amid strong tool demand from foundries building AI capacity. The company’s results and charts showed double-digit Y/Y net sales growth and solid gross profit, reinforcing visibility into advanced-node investments.
Source: Seeking Alpha
SEC scraps Pattern Day Trader rule; shifts to real‑time risk model
The SEC approved a landmark change eliminating the $25,000 minimum equity requirement for frequent day traders, replacing it with intraday, exposure-based margin standards. The reform, enabled by brokers’ real‑time risk systems, is expected to broaden access for active retail investors while keeping automated safeguards to contain leverage risk.
Source: FinanceFeeds
IRS rolls out mandatory digital‑asset 1099-DA reporting for 2026 tax year
The IRS implemented new cost-basis reporting rules that require digital-asset brokers, exchanges, and hosted wallet providers to issue Form 1099‑DA covering all crypto sales and exchanges. While self‑custody and DeFi front ends remain outside broker definitions, the agency signaled expanded on‑chain forensics and warned taxpayers to keep meticulous records to avoid audits and penalties.
Source: FinanceFeeds
Kraken revives confidential U.S. IPO filing; Deutsche Börse invests $200M
Kraken confirmed it has reactivated its confidential IPO filing with the SEC, advancing plans to tap public markets amid a reset in private valuations. In parallel, Deutsche Börse acquired a 1.5% fully diluted stake for $200M, deepening a partnership aimed at bridging traditional market infrastructure with tokenization and digital‑asset liquidity.
Source: FinanceFeeds
Visa runs validator node on Tempo to power machine‑to‑machine payments
Visa joined the Stripe‑backed Tempo blockchain as an anchor validator, extending its role from payments rails to core network infrastructure. The move supports Tempo’s Machine Payments Protocol and positions Visa to help enable AI‑ and software‑initiated transactions at scale using stablecoins and programmable settlement.
Source: FinanceFeeds
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