Author: Daniel snow
Bitcoin 2025 brought together thousands of investors, builders, and believers for a showcase of crypto’s next chapter.MacKenzie SigalosLAS VEGAS — At the world’s largest bitcoin conference this week on the Vegas Strip, the most consequential story wasn’t about bitcoin.Stablecoins, the dollar-pegged digital tokens now driving a full-scale financial and political shift in Washington, stole the show.The momentum behind stablecoin legislation and crypto market reform is accelerating — and it’s attracting a new kind of donor, investor, and voter. That shift took center stage at Bitcoin 2025 in Las Vegas.Vice President JD Vance became the first sitting U.S. vice president to…
The president said he is doubling duties on steel imports while talking up U.S. Steel’s deal with Japan’s Nippon on Friday. Source link
U.S. stocks roared back in May as global trade tensions eased, but tariff-related developments around the month’s end suggest a smooth climb from here may be challenging. Source link
A sign for the Public Broadcasting Service (PBS) is seen on its building headquarters on Feb. 18, 2025 in Arlington, Virginia.Kayla Bartkowski | Getty ImagesPBS on Friday sued President Donald Trump to block his effort to cut off federal funding for the public broadcaster.The U.S. Constitution and the half-century-old law governing public television “forbid” Trump from attempting to defund PBS or “serving as the arbiter” of its programming, PBS wrote in U.S. District Court in Washington, D.C.The lawsuit from PBS and one of its member stations in Minnesota came three days after NPR filed a similar suit against Trump and…
The bond market is on edge, but less so this week after smooth Treasury auctions and talk of a key banking reform this summer. Source link
A U.S. trade court has ruled on President Trump’s new round of import tariffs — covering thousands of products from nearly every country — calling them “unlawful.” For now, though, while the administration pursues an appeal, those tariffs remain in place.In the meantime, business owners say they’re left guessing how much they’ll pay to import goods with trade rules that can change seemingly overnight.”The uncertainty surrounding tariffs is tough for our business, because we need to know what things are going to cost us three, six and 12 months down the road,” says Michael Brey, owner of Hobby Works, a Maryland-based retail chain.Where the…
No “sell in May and go away” this year. In fact, the stock market has powered higher this month despite new and confusing tariff headlines lurking around every corner. President Donald Trump ‘s latest trade drama emerged Friday morning when he accused China of violating the preliminary trade agreement reached with the United States on May 12. Around noon ET, Bloomberg reported the Trump Administration was planning to broaden restrictions on Chinese tech companies. Later in the afternoon, at an Oval Office event to thank Elon Musk for his government service, Trump said he would be open to talking to…
Antivirus isn’t enough—hackers are after doors they can open. Source link
Meta’s expensive bet on virtual and augmented reality technology is making its way to the Pentagon. Investors who have been worried about when all that spending will pay off should feel a little bit better now. Meta announced Thursday that it is partnering with defense-technology company Anduril to create VR and AR devices such as headsets for the U.S. Army — and the news piqued our interest for a few reasons. For starters, the privately held Anduril was started by none other than Palmer Luckey, the founder of Oculus, which Meta acquired in 2014 for $2 billion to kickstart its…
Regeneron’s stock is having its worst day in 14 years after the failure of late-stage trial of its COPD treatment, after analysts had just placed a high probability of a positive result. Source link