The Rundown Senate Passes GENIUS Stablecoin Bill, Trump Extends TikTok Ban Deadline
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Jun 18, 2025 The podcast dives into recent stock market trends influenced by Middle Eastern tensions and a looming Federal Reserve meeting. It examines Meta's efforts in expanding their smart glasses line and the uncertain future of TikTok amidst Trump's extended divestment deadline. Additionally, listeners get insights into Circle's stock surge thanks to new stablecoin regulations, alongside the financial shake-up from rising fees on premium credit cards. A mix of tech, finance, and geopolitical factors makes for an engaging discussion!
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Fed's Dot Plot Shapes Rate Expectations
- The Fed's upcoming dot plot will reveal how many rate cuts may happen this year.
- Markets expect rate cuts but not until later in 2025, reflecting cautious optimism about inflation trends.
Meta's Bold AI Hiring Push
- Meta is aggressively recruiting AI talent with nine-figure offers, trying to build a super-intelligent team.
- Despite this, OpenAI’s key staff remain, hinting at challenges in Meta’s culture-fit and strategy.
TikTok's U.S. Ban Limbo
- TikTok faces a U.S. divestment law but currently benefits from repeated enforcement delays.
- The next deadline extension may be the last, with a potential ban or sale expected by September.