Table of Contents

• Chime

• eToro

• U.S. Inflation

Top Stories Today

Chime

Chime has officially filed to go public on Nasdaq under the symbol "CHYM," signaling its entry into the public markets after years of delays. The fintech firm, which offers services like debit and credit cards, savings accounts, and fee-free overdrafts, emphasized in its filing that it is a tech company, not a bank. Chime generates revenue mainly through interchange fees on card transactions. Despite slowing profits, it reported strong user growth, with 8.6 million active members and rising average revenue per user. The IPO filing reflects renewed confidence among tech companies to pursue public listings despite recent market volatility.

eToro

eToro, a trading platform, has set its IPO price at $52 per share, raising around $310 million and valuing the firm at roughly $4.2 billion. The company, known for expanding into digital assets, delayed its offering earlier due to tariff concerns but is now moving forward with its Nasdaq debut under the symbol "ETOR." eToro's strong profit growth and rising crypto-related revenue reflect its broader ambitions. This listing marks a key test of market sentiment for new tech offerings, as other firms like Hinge Health and Chime also prepare for public listings.

U.S. Inflation

U.S. consumer prices rose modestly in April, with the annual inflation rate easing to 2.3%, the lowest since early 2021. The monthly increase matched expectations, though year-over-year figures came in slightly below forecasts. Shelter costs remained the biggest driver, while energy prices rebounded and food prices dipped. Market reactions were muted as investors focused on potential tariff impacts from recent trade policies. Analysts expect upcoming tariffs could push prices higher in the coming months, but weakening demand may offset some pressure. Interest rate cut expectations have shifted later in the year as inflation stays above target.

Thanks for reading, subscribe to The Standard Lens for more.