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Kyiv under Russian missile attack, officials say

“The Fed is not in a position to cut,” Lapointe says. “We used to think that the Fed would still cut, would still find reasons to cut and inflation would be more driven by headline and the conflict would end. And so therefore they could go back and shift to sort of the early year…

Traditionally, checking accounts haven’t earned high interest rates. However, a handful of banks and credit unions offer ultra-competitive high-yield checking accounts, allowing you to grow your bank account balance faster. We’ve rounded up the best high-yield checking accounts for you, comparing their interest rates, terms, account features, and fees. Best High-Yield Checking Accounts Here are…

In 2024, hundreds of nurses gathered outside a Kaiser Permanente hospital in San Francisco, carrying signs that read: “Trust nurses, not AI.” As the nurses union started contract negotiations last year, the nonprofit health system’s adoption of artificial intelligence tools was one of the issues workers raised while picketing—and earlier this year, tens of thousands…

The Trump administration is in the process of refunding tens of billions of dollars in tariffs to importers in the wake of a Supreme Court decision in February invalidating them, but the threat of further tariffs has clouded the picture for companies turning to their accountants for help. Processing Content The refunds are coming from…

Seventeen major institutions sign on to test around-the-clock liquidity and instant global value transfer. Swift announced that its blockchain ledger is ready for initial use, enabling early adopter financial institutions to support cross-border payments around the clock using tokenized deposits. The global cooperative, known for its vast messaging network used by banks to move money,…

Circle is taking a significant step toward becoming a federally regulated institution. The USDC issuer has won approval from the Office of the Comptroller of the Currency (OCC) to establish its own chartered bank, giving it the ability to custody its own reserves while stopping short of allowing it to accept deposits or issue loans….

The Commerce Department on Friday moved toward easing export controls on the United Arab Emirates, including by saying it will “favorably review” export license applications for MGX, the UAE-backed investment firm that used a stablecoin linked to President Donald Trump‘s family for its $2 billion investment in Binance. An unpublished version of a new 17-page…

IQ scores have been sliding since 1970, and Lorraine Marchand thinks AI is quietly speeding that up. She’s also in the middle of building an agentic AI board of directors for her own company — one she jokes could someday vote to fire her. Lorraine teaches management at Columbia Business School and has advised Fortune…

Over roughly 12 years, he issued about 2,508 promissory notes across 518 transactions, moving just over $174 million through 11 financial institutions. When the scheme collapsed, 84 investors had lost more than $8.3 million in principal. Many told the trustee the money was their life savings or retirement. The operator was declared bankrupt on June…