House members return to town this week to consider the fiscal 2026 Pentagon spending bill and crypto measures, while senators are staring at yet another vote-a-rama — this time on rescissions. While defense appropriations headlines the House’s week, the floor agenda is full even beyond that, with several significant financial services measures related to stablecoins
In a development that has again raised red flags over United States President Donald Trump’s conflict of interest in the cryptocurrency space, Bloomberg reported that Binance aided in the creation and promotion of the USD1 token for World Liberty Financial, before its founder sought pardon. According to sources cited by Bloomberg, the world’s largest crypto
By Zeke Faux, Muyao Shen and Anthony Cormier, Bloomberg One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential pardon. Binance wrote the basic code to power USD1, a stablecoin launched by the Trumps’ World Liberty Financial
Mark Niquette and Michael Sasso | Bloomberg US manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment. Many producers this year had put spending plans on hold due to uncertainty surrounding the tax and spending legislation
(Photo Illustration – MetroCreativeConnection) CHARLESTON — A circuit court judge in Kanawha County sided with the American Civil Liberties Union on Wednesday, granting an injunction for West Virginia taxpayer funds going to an Ohio-based Catholic-affiliated trade school program. After a hearing Wednesday morning in Charleston, Eighth Judicial Circuit Court Judge Richard Lindsay ruled in favor
PARIS — French police raided the headquarters of a far-right party National Rally on Wednesday, seizing documents and accounting records, the party’s leader said, as part of a sweeping campaign finance inquiry. Prosecutors said they are investigating allegations of illegal financing of longtime party leader Marine Le Pen’s 2022 presidential bid, and the party’s European
OpenAI CEO Sam Altman arrives at the Sun Valley Lodge for the 2025 Allen & Co. Sun Valley Conference on July 8, 2025. Photo Kevin Dietsch/Getty Images The annual Allen & Company conference, often dubbed the “summer camp for billionaires,” is underway in the resort town of Sun Valley, Idaho. Over the next few days,
The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system. The investment decision between the two boils down to your financial goals, risk tolerance and time horizon, said Tony Salgado, president and founder of AMS Wealth. “The real
All told, investors bought 265,000 homes in the January-March quarter, an increase of 1.2% from the same period a year earlier, the firm said. Despite the modest annual increase, the rise in the share of investor home purchases is more a reflection of how much the housing market has slowed as traditional buyers face growing
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that the central bank is fully committed to undertaking structural reforms and laying the foundation for sustainable and inclusive economic growth. He was speaking at the launching ceremony of the Women Entrepreneurs Finance Code in Karachi, organised jointly by SBP and the Asian Development