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AI & Enterprise

Palantir posts record quarterly results, net profit up fourfold from year earlier

Palantir Technologies posted record quarterly revenue and net profit, the Wall Street Journal reported on Sunday. First-quarter revenue rose 85 percent from a year earlier to $1.63 billion, beating market expectations. Net profit rose fourfold to $876 million, also topping estimates. Revenue from U.S. government contracts increased 84 percent to $687 million, while U.S. corporate customer revenue more than doubled to $595 million but came in slightly below forecasts.

Crypto

CLARITY Act may pick up pace in U.S. Senate as stablecoin reward dispute eases

The U.S. Senate\'s crypto market structure bill known as the CLARITY Act may regain momentum at the Senate Banking Committee stage after some differences over stablecoin rewards eased. Senator Thom Tillis said many concerns raised by the banking industry had been addressed and he would recommend moving ahead with the amendment review process and a markup. The timeline remains tight, with unresolved issues including ethics provisions and possible jurisdictional disputes.

Crypto

U.S. CLARITY Act fails to advance in April, faces crossroads of passage or collapse

The U.S. Senate’s CLARITY Act, a digital asset market structure bill, is unlikely to move in April, but may retain momentum if a committee review is held in May. Senate officials and lobbyists see a July floor vote as key to maintaining a realistic chance of passage this year. Conflicts over stablecoin rewards, tight legislative schedules and political demands, including ethics provisions, continue to cloud prospects.