Circle Prepares for IPO Push with Billion-Dollar Valuation Aim
Circle Internet Group is making moves toward an IPO that could secure a valuation around $6.7 billion, with shareholders targeting a $624 million offering through 24 million Class A shares priced between $24 and $26. The development marks a high-stakes entry into the crypto market amid escalating investor scrutiny and industry volatility.
permalink / 3 stories from sources in 8 days ago #capitalism #innovation #fees #market
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Senate battles Trump’s ‘big beautiful bill’ amid fiscal warnings
Lawmakers are locked in heated debates over President Trump’s signature spending package—a “big beautiful bill” that could add as much as $3 trillion in debt. Critics within his own party question its affordability while the administration warns that failure to act could trigger a serious economic downturn. More...
Trump Budget Bill Would Add $2.4T Deficit, CBO Warns
Multiple CBO analyses reveal that the Trump administration’s sweeping tax and spending plan is set to add an extra $2.4 trillion to the deficit. Critics say this fiscal juggernaut might leave the nation with a bill too steep to manage, sparking debates over potential economic and healthcare fallout. More...
Elon Musk Slams Trump Bill as ‘Disgusting Abomination’
Tech magnate Elon Musk has taken aim at President Trump’s budget proposal, labeling it a “disgusting abomination.” His scathing remarks have stirred a hornet’s nest among Republican lawmakers, who now scramble to defend the bill, showcasing yet another bizarre clash between celebrity commentary and high-stakes policy debates. More...
Elon Musk slams Trump tax cut bill in a daring public appeal
Ever the provocateur, Elon Musk has launched a scathing critique of President Trump’s tax cut bill, urging Americans to actively oppose the measure. With trademark wit and a dash of irreverence, Musk’s remarks underscore a growing disconnect between entrenched political policies and the modern business leader’s vision for fiscal responsibility. More...
CBO finds Trump tariffs could cut deficit by $2.8T over 10 years
New CBO projections suggest that keeping Trump’s tariffs in place for a decade would slash the deficit by roughly $2.8 trillion—even if it means slowing economic growth a tad. Not exactly a win–win, as investors debate whether fiscal austerity is worth the price tag on future prosperity. More...
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