The Rundown PayPal Plans New 'Pay with Crypto' Feature, Tesla Signs $16.5B Chip Deal with Samsung
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Jul 28, 2025 The podcast dives into the latest market movements, highlighting a new trade agreement with the EU and the buzz around PayPal's plans to let merchants accept cryptocurrency. Discussions shift to the implications of this crypto shift for stock values. Tesla’s monumental $16.5 billion partnership with Samsung for AI chip production also makes headlines. All of this is wrapped in a humorous take on soaring food prices in the Hamptons, making for a lively and informative conversation.
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PayPal Embraces Crypto Payments
- PayPal will allow merchants to accept 100 cryptocurrencies including Bitcoin, Ethereum, and stablecoins at checkout soon.
- This feature could revolutionize international payments with instant settlement and below 1% fees compared to traditional cards.
Tesla-Samsung Chip Partnership
- Tesla signed a $16.5 billion deal with Samsung to build Tesla's AI6 chips in Texas for future self-driving vehicles.
- Samsung gains credibility in chip manufacturing, but the impact lies years ahead as these chips are still in development.
JP Morgan Bullish on Nike
- JP Morgan upgraded Nike to a buy, forecasting 20% earnings growth from 2026 to 2030 after recent sales declines.
- Nike's price target rose to $93, suggesting significant upside from its current $79 trading level.