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Consumers shopping at Walmart and Amazon could soon settle their baskets with the retailers’ dollar-pegged digital tokens after both firms confirmed they are exploring proprietary stablecoins. People familiar with the plans told The Wall Street Journal that preliminary technical work is underway, although neither company has yet committed to a launch date. The move would represent the deepest incursion by non-financial multinationals into the U.S. payments system, potentially diverting billions of dollars in card fees from banks and networks towards the two retail behemoths. Industry analysts say the timing is no coincidence. The U.S. Senate is expected to vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on June 17, establishing a clear legal framework for corporate issuers. Both companies have long chafed at the cost of traditional card rails; Walmart alone paid an estimated $2.1 billion in processing fees last year. By issuing...

With the ongoing race for artificial intelligence supremacy, the Amazon (AMZN) stock target has gotten a boost, as it could be set to become an AI force in the coming year. Indeed, the Mizuho financial group has raised its target for the e-commerce juggernaut from $240 to $260 based on its potential in the emerging technology. The buzz around the tech space has been a massive reason why Nvidia (NVDA) has dominated 2024. The chipmaker is crucial to its ongoing development and has become a Wall Street favorite. Many of those same principles could apply to a rising Amazon over the course of next year. Source: mybanktracker.com Also Read: Amazon’s Bezos ‘Optimistic’ About Trump Return as AMZN Could Skyrocket Amazon to Dominate 2025? Generative AI Could Drive Surge As a plethora of companies compete for AI supremacy, 2025 is poised to be a monumental year. The stock market has seen artificial intelligence emerge as a key drive of investment. Moreover, companies like Apple (...

In a massive move for the company, Amazon (AMZN) has announced an investment in nuclear energy, following a similar action taken by industry behemoth Alphabet (GOOGL). Indeed, an investment that would’ve been unheard of decades ago is being embraced by two of the biggest stocks on the market. Amazon Web Service announced that it has invested in three nuclear energy projects. Specifically, a press release stated the company has signed agreements to address the ever-changing demands within the energy sector. The company’s goal is to eventually reach net-zero carbon. Source: Think Marketing Magazine Also Read: US Stock: Amazon Eyes New Sector: Will It Help AMZN Spike To $265? Amazon Follows Alphabet in New Nuclear Energy Investment The Magnificent Seven stocks bear the name for a reason. Indeed, these companies represent some of the strongest brands throughout the entire stock market. Moreover, they boast immense power as they compete in some of the most vital industries. One s...

Amazon has forever reigned over the e-commerce realm. The e-commerce giant unveiled plans to launch its own NFT marketplace. The initial plan, which was unveiled in January, stated that the marketplace was still in development. However, the exact details of when the marketplace will launch and who will be leading the initiative were not initially available. According to the latest data shared by The Big Whale, the Amazon NFT marketplace is set to launch on April 24. Source: Business 2 Community Also read: ChatGPT: AI Will “Break Capitalism,” Says CEO Sam Altman Amazon NFT marketplace to go live on April 24 According to the details revealed by the sources who are familiar with the matter, the e-commerce giant is finally preparing itself to begin its NFT journey. The new NFT marketplace will also focus on blockchain-based gaming for users, where they can earn NFTs in return. The new platform will initially only be accessible to US users via the “ Amazon Digita...