Yield-bearing stablecoins risk 'dangerous' parallel banking system: JPMorgan CFO
Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation....
Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation....
It looks like the wave of campaigns against data centers are getting under big tech companies' skin - and Microsoft is the latest giant to promise to address frustrations on the ground in communities ...
Sam Altman once called ads in AI "uniquely unsettling." Now OpenAI is testing them as it hemorrhages cash and loses market share to Google....
JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images Jamie Dimon defended JPMorgan's spending, especially on tech, during Tuesday's earnings call. He said the bank would stay ahead as it competes a...
California Gov. Gavin Newsom is headed to Davos. Justin Sullivan/Getty Images California Gov. Gavin Newsom plans to call out President Donald Trump at the World Economic Forum. Newsom has been a vocal...
Analysts debate whether Bitcoin will follow gold's scarcity-driven surge or take a more volatile path due to structural market differences....
Inflation held steady in December, continuing to prove stubborn just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell....
European Union â leaders on Saturday warned of a "dangerous downward spiral" over US President Donald Trump's vow to implement increasing tariffs âon European allies until the US is âallowed to buy Gre...
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....
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committeeâs upcoming crypto bill....
"This bill is a scam. It is not a congressional stock trading ban," Rep. Alexandria Ocasio-Cortez told Business Insider. Tom Williams/CQ-Roll Call, Inc via Getty Images A GOP-backed bill to cu...
Chief David Solomon says Goldman had largest backlog of deals since pandemic...
Cesar Carvalho worked at McKinsey from 2010 to 2012. Pascal Perich/© Pascal Perich Cesar Carvalho left a consulting job at McKinsey to launch Wellhub, a wellness startup. 14 years later, Wellhub is ch...
Education Sec. Linda McMahon said that wage garnishments for defaulted student-loan borrowers are on pause. Chip Somodevilla/Getty Images Education Sec. Linda McMahon said that wage garnishments for d...
Department stores, then and now. Bettmann/Getty Images ; Kamil Krzaczynski/Getty Images Department stores have changed dramatically over the last 100 years. Department stores once sold necessities. No...
Chinese short-video platform Kuaishou Technology is pitching its debut offshore bond sale to professional investors, joining a wave of domestic tech companies raising funds in the global debt market. ...
Mistral CEO Arthur Mensch says its edge over Silicon Valley isn't smarter models, but being a European alternative built for control, sovereignty, and trust. LUDOVIC MARIN/POOL/AFP via Getty Images Ar...
Article URL: https://abio.substack.com/p/america-could-have-4-lunch-bowls Comments URL: https://news.ycombinator.com/item?id=46646970 Points: 24 # Comments: 4...
OpenAI shared an example of an ad in ChatGPT. OpenAI OpenAI is officially preparing to test ads in ChatGPT. The move comes as the AI company looks to increase revenue amid $1.4 trillion in spending co...
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...