August 2, 2025

politics

Crypto

U.S. move to count crypto for mortgages met with fartcoin memes

“If fartcoin dips below $0.80 the entire housing market collapses.” Anna Good Posted on June 27 2025 11:00 am CDT Federal housing director orders crypto to count for mortgages, and now people are clowning on it with “fartcoin” memes. Featured Video In a move that instantly set off a wave of online mockery, Federal Housing

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Funds

Child safety advocates and California’s cannabis industry battle over tax funds – East Bay Times

A proposal to pause a planned tax hike on retail cannabis has set off alarm bells among child safety advocates whose substance use prevention and treatment work depends on funds generated by sales of cannabis products. Industry members say the move, which lawmakers in Sacramento are considering, is necessary to keep struggling retailers afloat. This

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Banking

Canadian banking regulator maintains domestic stability buffer for large lenders

Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the

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Crypto

A look at the major players in the crypto industry and their ties to Donald Trump – The Mercury News

By WILL WEISSERT, Associated Press WASHINGTON  — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto

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Banking

Scotiabank taps Finning executive as chief operating officer for Canadian banking unit

Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at

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Investors

Investors react to US attack on Iran nuclear sites

Saeed Azhar and Suzanne McGee  |  Reuters President Donald Trump on Saturday said that a “very successful attack” on three nuclear sites in Iran had been carried out. In a posting on Truth Social, Trump added, “All planes are safely on their way home” and he ended his posting saying, “Now is the time for

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Investors

What attack on Iran could mean for oil prices, inflation, US dollar

Suzanne McGee, Saqib Iqbal Ahmed and Lewis Krauskopf  |  Reuters U.S. enters Israeli-Iran conflict, attacks three nuclear sites in Iran President Donald Trump said Saturday that the U.S. military struck three sites in Iran, directly joining Israel’s effort to decapitate the country’s nuclear program in a risky gambit to weaken a longtime foe amid Tehran’s

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Investors

As Trump lobs criticism at the Fed, investors watch and wait

Benzinga  |  Detroit Free Press Trump slams Fed chair as interest rates hold steady amid tariff fears President Donald Trump criticized Federal Reserve Chair Jerome Powell after the Fed held rates steady, citing risks from Trump’s expanding tariffs. The president labeled Fed chair Jerome Powell ‘too late’ and ‘an American disgrace,’ arguing that the Fed’s

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Loans

RI lawmakers pass $14.3B budget, curbs on casino smoking, payday loans

House Speaker Shekarchi describes priorities in new $14.3B RI budget House Speaker K. Joseph Shekarchi describes the priorities in new $14.3B state budget The Rhode Island General Assembly wrapped up its 2025 session in the early morning hours of Saturday, June 21. An assault weapons ban, payday lending restrictions, and the state’s $14.3 billion budget

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Loans

RI $14.3B budget, casino smoking and payday loan bans pass on final day

House Speaker Shekarchi describes priorities in new $14.3B RI budget House Speaker K. Joseph Shekarchi describes the priorities in new $14.3B state budget The Rhode Island General Assembly wrapped up its 2025 session on Friday, June 20. An assault weapons ban, payday lending restrictions, and the state’s $14.3 billion budget all were approved. Rhode Island

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