Circle Shares Jump as Oil Surge Lifts Rate Outlook

TLDR Circle shares rose more than 20% this week following Israeli and U.S. airstrikes on Iran. Mizuho linked the rally to higher oil prices and fading expectations for Federal Reserve rate cuts. WTI crude climbed about 7 to 8% after tensions in the Middle East escalated. Circle earns most of its revenue from interest on [...]

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