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Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....

2dCoinTelegrapheconomics

Tech executives bet big on AI. Their workers are being tasked with proving they were right.

Getty Images; Alyssa Powell/BI This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here . First came efficiency. Then came i...

2dBusiness InsiderTechnologyImpact

With the RTX 5070 Ti Reportedly Dead, the RAM Crisis Has Officially Hit Graphics Cards

Due to increased demand for hardware from AI data centers, 2026 was already going to suck for anyone looking to upgrade or build a gaming PC. Now it looks like things are getting even worse, as the RT...

2dIGNTechnologyImpact

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday. CFO Jeremy Barnum discussed how reduced interest ...

4dBusiness InsidereconomicsImpact

Trump imposes 25% tariff on any country 'doing business' with Iran

US President Donald Trump ramped up economic pressure on the Iranian regime on Monday by announcing he was imposing import duties on the goods of any country that trades with Tehran. The move could fu...

4dFrance 24PoliticsImpact

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Proposed policy changes could lead more consumers to turn to private or personal loans. Tatiana Maksimova/Getty Images New caps on student-loan borrowing could prompt more Americans to turn to private...

3dBusiness InsidereconomicsImpact

AI tools could make companies less competitive because everyone buys the same brain, think tank CEO says

Companies rushing to adopt the same AI tools risk losing their competitive edge, independence, and long-term resilience, a think tank CEO says. APHOTOGRAFIA/Getty Images The CEO of a digital economy t...

14hBusiness InsiderTechnologyImpact

Meta’s metaverse layoffs apparently include some of its VR studios

Marvel’s Deadpool VR. Meta is laying off about 10 percent of its Reality Labs metaverse division, and the cuts apparently include closing down some of its VR gaming studios. It "appears" Twisted Pixel...

4dThe VergeTechnologyImpact

Utah Man Gets Three Years for $2.9M Fraud Tied to Crypto Cash Scheme

The sentencing of a Utah man links investor fraud and unlicensed cash-to-crypto activity under the same prosecution....

1dDecryptcrimeImpact

Trump’s first Venezuela oil sale deal goes to megadonor’s company

Senior Vitol trader met US president at White House last week and gave millions to his re-election campaign...

1dFinancial TimesPoliticsImpact

OpenAI releases a cheaper ChatGPT subscription

OpenAI is expanding a low-cost subscription tier called ChatGPT Go to the US and the rest of the world. Go was released in India in August and later became available in another 170 countries prior to ...

1dThe VergeTechnologyImpact

Amazon Drops Pokémon TCG: Phantasmal Flames ETBs to Below Market Price, and It's the Best Deal We've Seen Since Launch

Amazon has some certifiably fantastic deals on TCGs right now, and that's including an all-time new best price on the Pokémon TCG: Mega Evolution - Phantasmal Flames Elite Trainer Boxes . It was a hug...

1dIGNlifestyle

Brands that skimp on social media marketing do so at their own peril

Learning app Duolingo has 17 million followers on TikTok where its mascot Duo is a social-media celebrity. Isa Foltin/TikTok via Getty Images Social media is more important than ever for US retail sit...

3dBusiness Insidereconomics

Warhammer Maker Games Workshop Bans Its Staff From Using AI in Its Content or Designs, Says None of Its Senior Managers Are Currently Excited About the Tech

Warhammer maker Games Workshop has banned the use of AI in its content production and its design process, insisting that none of its senior managers are currently excited about the technology. Deliver...

4dIGNTechnologyImpact

AI concerns and slow growth put brakes on EU job market

The pandemic gave workers increased options as home offices became the norm in some fields. Now, with the EU experiencing industrial slowdown and AI automation, workers are growing increasingly wary o...

5dDeutsche Welleeconomics

'One Person Can Perform the Work of 100 People' — Boss of Stellar Blade Developer Says It Needs to Use AI to Compete With Overwhelming Manpower of China and U.S. Studios

Stellar Blade director and CEO of Shift Up Hyung-tae Kim has stated that without the use of AI, developers in smaller nations will struggle to keep up with studios in places like the U.S. and China. A...

4dIGNTechnologyImpact

I compared Costco shopping carts of Kirkland Signature products and brand names. The price differences surprised me.

Major retailers typically have several in-house brands. Costco just has one: Kirkland Signature. Kevin Carter/Getty Images Costco sells a lot of brand-name goods at a lower unit price than typical ret...

11hBusiness InsidereconomicsImpact

A16z partner shares 3 things founders should be able to 'materialize' if they want to be successful

Andreessen Horowitz partner Alex Rampell said he likes founders with a chip on their shoulder. Charles Eshelman/Getty Images for AOL A16z general partner Alex Rampell said founders need to materialize...

2dBusiness InsiderTechnologyImpact

China records US$1.19 trillion trade surplus in 2025 as exports jump 5.5%

China’s exports defied a turbulent year of trade tensions to perform better than expected in 2025, cementing a record US$1.19 trillion annual surplus as manufacturers diversified markets to offset a s...

3dSouth China Morning PosteconomicsImpact

Alibaba reaffirms open-source AI commitment as tech giant hails Qwen achievements

Alibaba Group Holding’s artificial intelligence strategy is defined by a commitment to open-source models, the company said on Tuesday, following a year of soaring adoption for its suite of AI service...

4dSouth China Morning PostTechnology
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