To The Moon

Walmart and other retailers reportedly are exploring stablecoin ventures, but some analysts are doubtful these will take off with shoppers. Visa Inc. shares are sliding on Friday to pace Dow Jones Industrial Average laggards - and Mastercard Inc.'s stock is falling as well. The two card networks have dominated the payments landscape, but investors worry about potential new competition ahead.The Wall Street Journal reported on Friday that various merchants, including Walmart Inc. , are looking into whether issuing stablecoins might make sense for them. Stablecoins are a form of cryptocurrency that have values pegged to the dollar or other types of assets. The fear on Wall Street is that merchants will look to bypass traditional financial players as they look to dodge fees.Walmart declined to comment. Visa didn't immediately respond to a MarketWatch request for comment. A Mastercard spokesperson pointed to past commentary suggesting the company can play a role in the growing acceptance

On a dayTesla Incstock dropped to over two-year lows,Cathie Wood’sARK Investment Managementtook the opportunity to load up on the EV maker’s shares, displaying itsunflinching trust in the company.ARK’

Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already