Loews Corporation L on Monday reported its second-quarter 2025 net income of $391 million, or $1.87 per share, compared to $369 million, or $1.67 per share, in the same period last year. Total revenue rose to $4.56 billion from $4.27 billion. CNA Financial Corporation CNA contributed $274 million in net income attributable to Loews, down
Elon Musk, the CEO of Tesla Inc. TSLA, has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company’s future. He
A White House advisory group formed under President Donald Trump has released a comprehensive report urging federal agencies to clarify rules governing digital assets and accelerate the rollout of innovative crypto products. What Happened: The Working Group on Digital Asset Markets, established by executive order earlier this year, is calling on Congress and regulators to
PayPal PYPL has unveiled a new feature that allows users to connect their personal cryptocurrency wallets directly to merchant checkout pages, enabling seamless crypto payments across borders. What Happened: This latest enhancement further deepens the fintech company’s integration with digital assets. The process works by routing the crypto payment through exchanges, either centralized platforms like
Senator Cynthia Lummis (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease regulatory burdens on digital asset users. What Happened: The legislation, unveiled on July 3, proposes to resolve several long-standing tax complications in the crypto sector, including
Bitwise CEO Hunter Horsley says 2025 marks a “watershed year” for crypto as regulatory clarity, institutional adoption and mainstream political support converge to reshape the investment landscape for digital assets. What Happened: Speaking with CNBC at the Bitcoin Conference 2025, Horsley emphasized that the most significant overhang on crypto markets, regulatory uncertainty, has flipped from
Cardano founder Charles Hoskinson said he was blindsided by former U.S. President Donald Trump‘s decision to include ADA/USD in his personal crypto holdings, calling the endorsement a “pleasant surprise” that signals Washington’s changing stance on digital assets. Speaking in an interview with CNBC, Hoskinson said, “I got home from Florida, looked at my phone, and
The EASE Protocol has launched what it claims is the first functional integration of the ISO 20022 financial messaging standard directly into blockchain smart contracts, opening new pathways for cross-chain banking automation and regulatory-compliant settlement across blockchain ecosystems. The integration, now live on the EASE testnet, allows banks to trial ISO 20022-based workflows in a
Ripple, the blockchain-based payments firm behind XRP XRP/USD, is raising fresh concerns over the UK’s sluggish approach to crypto regulation, arguing that it’s leaving British banks unwilling to engage with digital assets. What Happened: At a policy summit held in London, Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said that the country’s
The Treasury Department took action against a Houthi financial network, imposing sanctions on cryptocurrency wallets used by the Iran-backed militant group to fund its war machine. What Happened: According to a Wednesday press release, the Department of the Treasury’s Office of Foreign Assets Control identified eight digital wallets used by the Yemen-based group to help procure millions worth of