Business / Finance
Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform
The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”
Microsoft and Alphabet object to blockchain versions of their shares—but their veto only goes so far
Sixteen companies have opposed plans to trade tokenized versions of their shares on Cuomo-backed platform OKXICE.
‘Grow the damn economy’: Billionaire Ken Griffin warns Trump made a mistake cutting taxes as the national debt tops past $40 trillion
The Republican megadonor says Washington lacked room to renew tax cuts after pandemic spending, while criticizing Trump’s tariffs.
As Miatta ignites the speaker’s gas-fuelled inferno, Reform show up as snowflakes | John Crace
The energy secretary’s trip north provokes Hoyle’s futile rage, while ITV’s Reform exposé leaves Zia Yusuf immensely sadWhen is a licence not a licence? When it’s a new licence th…
A warning to anyone with credit card debt...
Martin’s leading this week’s podcast with an urgent warning for anyone carrying credit card: now is the time to act.
Burnham proposes plan to cut standing charges from gas bills
The prime minister provided little detail, and there are questions over shifting the fees onto unit costs.
Ben Jennings on Andy Burnham’s decision to approve the Jackdaw North Sea gasfield – cartoon
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Dogecoin Gets a Dedicated Company to Build Out Its Ecosystem
Formed with the Dogecoin Foundation and led by MyDoge founder Jordan Jefferson, the new company consolidates the MyDoge wallet, DogeOS app platform, and Such App to build an econo…
Eric Schmidt’s path to a $20 billion Anthropic windfall began with an introduction from his ex, Cami Clark—now Dario Amodei’s wife
Former Google CEO Eric Schmidt met Dario Amodei through Cami Clark years before Anthropic existed, and became one of its earliest backers
A plan to ensure energy is affordable for all | Letters
Dr Alex Chapman calls for a government-funded price cap on an essential block of electricity and gas, in response to an article by Nils Pratley Nils Pratley thinks that the secret…
‘You’re no longer an influencer…you’re a cofounder’: MrBeast’s business resembles a Fortune 500 holding company, investor Steven Bartlett says
MrBeast creator Jimmy Donaldson has evolved from uploading Minecraft walkthroughs on YouTube to growing his net worth to an estimated $2.6 billion.
Anthropic adds Harvard astrophysicist to the trust that controls its board
Harvard physicist Chris Stubbs joins the trust. Anthropic's planned IPO will place increasing pressure on its unusual corporate governance structure.
In-N-Out keeps delivery off the menu, but its fans are paying extra to get it anyway
Taskrabbit told Fortune the burger chain accounts for about half of its fast-food pickup requests in L.A. and Orange County.
Trump to throw spotlight on overseas crypto abuses at White House event
The president is hosting a cybercrime event that will highlight U.S. authorities' efforts to crack down on crypto scams run by foreign criminal organizations.
America’s national debt plan is ‘clearly not in order,’ says Ken Griffin—he believes part of the problem is Europeans who ‘don’t want to go to work’
"We're not going to get out of these waters by torturing each other. We're going to get out of these waters by making the pie bigger for all of us."
Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Musk said both boards formed committees to weigh a tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC—roughly $2.5 billion worth—onto a single balance sheet.
Chainlink, Cardano, other blockchain groups push SEC for clearer crypto rules
Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework.
Hungary’s former central bank chief is arrested on suspicion of fraud as the new government cracks down on alleged corruption
György Matolcsy, a longtime Orbán ally, was detained as authorities investigate suspected financial abuses involving public funds.
Christian schools are seeing their prayers answered as taxpayer dollars fuel a push to open 5,000 schools
A conservative Christian school network wants to create or convert 5,000 schools as states expand taxpayer-funded private education.
Nonprofits are embracing AI to advance their missions, but few have a road map for adoption
Very few nonprofits have integrated AI into their workflows or have established a solid road map, despite growing interest from these organizations in the technology.
What Is a Bitcoin-Backed Loan? Borrowing Against BTC Explained
Bitcoin-backed loans let holders borrow cash or stablecoins without selling BTC. Here's how collateral, LTV and liquidations work.
Martha Stewart says people need to get through their ‘thick skulls’ that there’s ‘no such thing as balance’—even at 85 she still starts work at 7 a.m.
The multimillionaire lifestyle mogul Martha Stewart says she’s jealous of people who achieve work-life balance—but suspects their lives are boring.
The AI boom is nearly $5 trillion short of paying for itself, Gartner says
Data centers need to generate a cumulative $8.5 trillion in revenue through 2030. Gartner says no more than $3.6 trillion will flow back.
PHP Panic: Two Critical Bugs Put 70% of the Internet at Risk, and Everyone Is Freaking Out
Two critical bugs in PHP, the language running most of the web, let strangers take over servers without a password. The patch is out, attacks started early, and governments pulled…