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Service Co. International reported a net margin of 12.39% and a return on equity of 32.18%, with analysts expecting an EPS of 3.84 for the current fiscal year. The company has increased its quarterly dividend to $0.32 per share, reflecting a 1.63% yield and a payout ratio of 36.06%. Recent analyst ratings show a mix of sell and buy recommendations, with a consensus price target of $88.50.
Circle has donated $1 million USDC to President-elect Donald Trump's Inauguration Committee, marking a significant moment for stablecoins, which have a market cap of $203 billion. Industry leaders anticipate pro-crypto legislation under Trump's administration, with ongoing efforts to establish a regulatory framework for stablecoins, including the Lummis-Gillibrand Payment Stablecoin Act. Venture capitalists are increasingly focusing on stablecoins, predicting a market cap of $300 billion by 2025, particularly in emerging markets.
Investor Luke Gromen argues that the U.S. must consider Bitcoin as a neutral reserve asset due to national security concerns following recent geopolitical events. He suggests that elevating Bitcoin could revitalize American manufacturing and stabilize the economy, similar to the oil market's impact in the 1970s. Gromen believes this shift could help finance national defense without impoverishing citizens, as the Treasury explores using stablecoins to support T-bills.
Donald Trump has appointed Florida congressman Mike Waltz as his national security adviser, signaling a strong alignment with Republican leadership as they prepare to advance his agenda in the 119th Congress. Speaker Mike Johnson emphasized the importance of every vote, given the narrow margins and potential challenges ahead, including the need for bipartisan support on key legislation. While Republicans hold a majority in the Senate and are optimistic about the House, hurdles remain, particularly with the Senate filibuster potentially blocking some of Trump's more ambitious proposals.
Paul Ryan
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service co international boosts dividend and receives mixed analyst ratings
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circle donates one million usdc to trumps inauguration committee
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