#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Global Payments acquires payments giant Worldpay for $24.3 billion
PANews reported on April 17 that according to Bloomberg, Global Payments spent $24.25 billion to acquire all shares of payment giant Worldpay, of which 45% came from FIS and 55% from private equity firm GTCR. As part of the deal, FIS will acquire Global Payments' issuance solutions business at an enterprise valuation of $13.5 billion. GTCR will complete the sale for 59% cash and 41% of the stock consideration, and will hold a 15% stake in Global Payments after the merger and will continue to participate in future strategic development. The transaction is expected to close in the first half of 2026.