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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....

1dCoinTelegrapheconomics

Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits

The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....

1dDecrypteconomicsImpact

Polymarket CEO takes a victory lap after prediction market correctly calls 26/28 Golden Globe winners

Polymarket CEO Shayne Coplan Kevin Winter/GA/The Hollywood Reporter via Getty Images Polymarket partnered with the Golden Globes, showing viewers betting odds for each award category. Ultimately, Poly...

3dBusiness InsiderEntertainmentImpact

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...

6hBusiness InsiderTechnologyImpact

Costa Rica builds new mega-prison modelled on El Salvador jail

El Salvador's gang-busting President Nayib Bukele on Wednesday laid the foundation stone for a prison in Costa Rica modeled on his own CECOT mega-jail that rights groups say is the setting for serious...

1dFrance 24PoliticsImpact

An OpenAI-backed humanoid robot startup says it's moving away from using humans to train its Optimus rival

1X's humanoid robot, Neo, will cost $20,000 or $500 a month via subscription. Camille Cohen for The Washington Post via Getty Images Humanoid robots often require human "teleoperators" to trai...

1dBusiness InsiderTechnologyImpact

Nvidia is staffing up as it draws heightened scrutiny. These are the key leaders it gained and lost last year.

Jensen Huang Patrick T. Fallon / AFP via Getty Images Nvidia has added key marketing, policy, and HR executives over the past year. Several senior software acqui-hires came via startup deals. Executiv...

2dBusiness InsiderTechnologyImpact

Figma CEO Dylan Field says he has a 'bias' for hiring young workers because they're likely AI natives

Figma CEO Dylan Field. Kimberly White/Getty Images for TechCrunch Figma CEO Dylan Field says AI skills give young professionals a hiring advantage. Field emphasizes that younger workers are often more...

17hBusiness InsiderTechnologyImpact

Airbnb CEO says he was self-conscious about working out when he first got to Silicon Valley. Times have changed.

Brian Chesky said no one was weight lifting when he came to Silicon Valley in the 2000s. Myunggu Han/Getty Images for Airbnb Airbnb CEO Brian Chesky said he's been surprised to see the tech community ...

1dBusiness InsiderTechnologyImpact

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Business leaders like Klarna's CEO support Trump's credit card cap proposal, while major banks and investors warn of risks. BRENDAN SMIALOWSKI/AFP via Getty Images Donald Trump proposes a 10% cap on c...

3dBusiness InsiderPoliticsImpact

Tricolor executives plead not guilty to charges stemming from collapse

CEO and chief operating officer of subprime auto lender and retailer stand accused of misleading creditors on collateral...

3dFinancial Timeseconomics

Coinbase pulls support for crypto bill: 'no bill' better than 'bad bill'

Coinbase CEO Brian Armstrong raised four crucial points that he believes would make the legislation “materially worse” for the US crypto industry....

2dCoinTelegraphcryptocurrencyImpact

Ether’s price vs. fundamentals gap may signal a 2026 opportunity

Etherealize CEO Vivek Raman argues that ETH's lagging price masks strengthening fundamentals that could reshape how the token is valued in 2026....

2dCoinTelegraphcryptocurrency

Ford is so desperate for mechanics it's giving some of them free tools and Carhartt gear

Ford can't find enough mechanics to service its new cars. It's trying to create a pipeline of young workers with Carhartt. Anna Moneymaker/Getty Images Ford and Carhartt entered into a three-pronged p...

3dBusiness InsidereconomicsImpact

'The Diary of a CEO' host Steven Bartlett says only 7% of job candidates get a crucial question right in his hiring test

"Diary of a CEO" host Steven Bartlett says he emphasizes character over skills in hiring. Todd Owyoung/NBC via Getty Images "The Diary of a CEO" host Steven Bartlett uses a hiring test...

3dBusiness Insiderlifestyle

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....

3dCoinTelegraphcryptocurrency

Google’s Veo now turns portrait images into vertical AI videos

Google says that generated videos should also now be more consistent with thereference images they’re based on. | Image: Google / The Verge Google is making its Veo 3.1 AI video model pay closer atten...

3dThe VergeTechnologyImpact

'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

How Semafor turned Washington into a profit center

Semafor CEO Justin Smith says his company hosted close to 100 events in 2025. His ambition is to build a Washington, DC-based event that's supposed to rivals the annual Davos gathering in Switzerland....

1dBusiness InsiderPoliticsImpact

DJI Neo 2 review: I guess I’m a drone guy now

The Neo 2 looks a lot like the first Neo, but it’s had plenty of upgrades. I'm not a drone guy. In fact, I've always been a bit nervous to play around with them too much. They're big, fragile, and exp...

2dThe VergeTechnology
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