Reform UK’s deputy leader said big technology companies must “share the pain” with banks of reimbursing the victims of financial fraud facilitated by their platforms. Richard Tice said Reform would examine ways to make tech companies take more responsibility for weeding out fraudulent advertisers using their sites and rogue sellers using their marketplaces, if his poll-leading party wins the next ...
Reform UK’s deputy leader said big technology companies must “share the pain” with banks of reimbursing the victims of financial fraud facilitated by their platforms. Richard Tice said Reform would examine ways to make tech companies take more responsibility for weeding out fraudulent advertisers using their sites and rogue sellers using their marketplaces, if his poll-leading party wins the next general election, due by mid-2029. “All of these platforms have got to recognize the opportunities and the risks,” Tice said at the Pay360 conference in London on Thursday, after specifically singling out Facebook owner Meta. “There’s going to have to be a proper sharing of the pain when things go wrong, and identifying the opportunities to reduce that fraud.” Tice’s remarks matter because despite his party having just 8 Members of Parliament in the 650-seat House of Commons, it’s consistently led national polls of voting intention for almost a year now. The intervention comes after industry body The Payments Association this week published a paper which demonstrated how so-called authorized push payment, whereby victims are tricked into transferring money from their bank accounts, most often originates on online marketplaces, social media or messaging platforms. According to UK Finance, more than £450 million ($600 million) was lost to APP fraud in the UK in 2024. Under current legislation, banks and payment providers are held responsible for detecting suspicious transactions and reimbursing victims, but many in the industry argue that tech companies must play a greater role in rooting out rogue activity before the customer loses their money. In an interview with Bloomberg after his speech, Tice — who is also Reform’s spokesperson for business, trade, energy and housing — said new technologies such as stablecoins could help prevent fraud. Farage Invests in Kwarteng’s Bitcoin Treasury Firm Stack BTC Farage Outraises UK Rivals With £3 Million From Crypto Donor Reform UK Vows...
Everstar today announced its collaboration with the U.S. Department of Energy (DOE), Idaho National Laboratory (INL), Argonne National Laboratory (ANL), and Microsoft as part of the DOE's Genesis Mission — playing a critical role, Everstar as the AI lab, to help marshal public research data to accelerate advancements across the nuclear energy value chain. This announcement marks Everstar's first p...
Everstar today announced its collaboration with the U.S. Department of Energy (DOE), Idaho National Laboratory (INL), Argonne National Laboratory (ANL), and Microsoft as part of the DOE's Genesis Mission — playing a critical role, Everstar as the AI lab, to help marshal public research data to accelerate advancements across the nuclear energy value chain. This announcement marks Everstar's first public milestone on a broader roadmap of activities that aims to compress the nuclear value chain by
Nvidia (NASDAQ: NVDA) recently held its global artificial intelligence (AI) conference, highlighting all the big trends and opportunities in tech. One of the most newsworthy items was CEO Jensen Huang forecasting that orders related to Blackwell and the new Vera Rubin platform will top a staggering $1 trillion by 2027. There was no shortage of encouraging growth prospects and opportunities for Nvi...
Nvidia (NASDAQ: NVDA) recently held its global artificial intelligence (AI) conference, highlighting all the big trends and opportunities in tech. One of the most newsworthy items was CEO Jensen Huang forecasting that orders related to Blackwell and the new Vera Rubin platform will top a staggering $1 trillion by 2027. There was no shortage of encouraging growth prospects and opportunities for Nvidia investors to get excited about, and yet, the stock hasn't been able to get out of its tailspin. As of Tuesday's close, it was still down around 4% since the start of the year. Could this be a sign of trouble for the AI stock ? Image source: Getty Images. Continue reading
Everyone wants to maximize their Social Security benefit, but that can feel tricky to do if you don't earn a lot of money. Fortunately, your income history isn't the only factor that determines the size of your checks. Understanding how the government calculates your take-home benefit reveals several key ways you can boost yours. But it also reveals five ways you could lose some of your checks if ...
Everyone wants to maximize their Social Security benefit, but that can feel tricky to do if you don't earn a lot of money. Fortunately, your income history isn't the only factor that determines the size of your checks. Understanding how the government calculates your take-home benefit reveals several key ways you can boost yours. But it also reveals five ways you could lose some of your checks if you're not careful. Image source: Getty Images. Continue reading
watch now VIDEO 1:21 01:21 President Trump says Iran let 10 oil ships through the Strait of Hormuz as a ‘present’ to the U.S. Money Movers Iran allowed 10 oil tankers to pass through the Strait of Hormuz this week as a "present" to the United States , President Donald Trump said Thursday. Iran made the gesture to show the U.S. "the fact that we're real and solid and we're there," Trump said during...
watch now VIDEO 1:21 01:21 President Trump says Iran let 10 oil ships through the Strait of Hormuz as a ‘present’ to the U.S. Money Movers Iran allowed 10 oil tankers to pass through the Strait of Hormuz this week as a "present" to the United States , President Donald Trump said Thursday. Iran made the gesture to show the U.S. "the fact that we're real and solid and we're there," Trump said during a Cabinet meeting. The comments provide an answer to questions raised two days earlier, when Trump first said Iran "gave us a present" related to oil and gas, without elaborating. Trump made the claim after insisting in the meeting the U.S has "very substantial talks going on with respect to Iran," even though Tehran has denied direct talks have taken place. U.S. Special Envoy Steve Witkoff, a top negotiator with Iran, said in the Cabinet meeting that the U.S. has had "multiple reach outs from the region and others who want to play a role in ending this conflict peacefully." Witkoff also confirmed that the U.S. has presented a 15-point framework for a peace deal, but noted it has been delivered via Pakistan , which has acted as mediator. Iranian state media on Wednesday reported that Tehran rejected a U.S. ceasefire offer and submitted its own list of conditions for ending the war. That counteroffer would give Tehran sovereignty over the Strait of Hormuz, the vital oil shipping route that has been effectively closed since the fighting began nearly four weeks ago, leading to supply concerns that are most acute in the Asia-Pacific region. Trump on Monday floated the possibility that the strait could be controlled jointly by "me and the ayatollah" as part of a resolution to the war that the U.S. and Israel started. Witkoff said in Thursday's meeting Trump has directed him to "maintain confidentiality on the specific terms and not negotiate through the news media." "I can say this, we will see where things lead," he added. Trump asked Witkoff's permission before discussing Ira...
Crypto prices may have found their floor after months of declines, and Goldman Sachs sees three good stock opportunities from here. Stocks tied to the crypto sector are down 46% since their October 2025 peak with "volatile but flattish performance in the past few weeks" and the crypto price decline "has approximately reached the historical peak to trough average" for this cycle, Goldman analyst Ja...
Crypto prices may have found their floor after months of declines, and Goldman Sachs sees three good stock opportunities from here. Stocks tied to the crypto sector are down 46% since their October 2025 peak with "volatile but flattish performance in the past few weeks" and the crypto price decline "has approximately reached the historical peak to trough average" for this cycle, Goldman analyst James Yaro wrote in a note Thursday. "All in, we see an increasingly attractive entry point to our digital-asset sensitive coverage, albeit selectively, across the group," he said. "Valuation [is] becoming more attractive, especially in names that are less exposed directly to crypto prices." The note cites Robinhood and Figure Technologies among the firm's top picks in the sector, as well as Coinbase , which is more directly exposed to crypto prices. Goldman has a buy rating on all three. Yaro said Figure, which runs a blockchain-based HELOC origination and sales business, is outperforming expectations and has clear drivers for continued expansion. Goldman Sachs also raised its price target on Figure to $42 from $39. The stock closed at $31 on Wednesday, suggesting 35% upside from current levels. Robinhood, which has a substantial business for crypto traders but has roots as a digital stock brokerage, is going after more advanced traders by adding new features for them and is also expanding its suite of product offerings to banking and other financial services, Yaro pointed out. Meanwhile, crypto services firm Coinbase has an attractive growth opportunity in crypto derivatives trading, its subscription and services business (which includes stablecoins and prime brokerage) and new products like prediction markets, equities trading, banking, and wealth, the note said. The firm did lower its price target on Robinhood and Coinbase, but both still reflect upside from current levels. Yaro also said "prices may have troughed, but volumes could fall somewhat further, although the imp...
JPMorgan Chase & Co. is planning a new fund investing in private credit that will allow investors to redeem 7.5% a quarter — and, potentially, offer monthly withdrawals — as the $1.8 trillion market grapples with an unprecedented liquidity squeeze. The bank’s JPMorgan Public and Private Credit Fund, an interval fund, said in a prospectus this week that it “currently expects” offering to buy back 7...
JPMorgan Chase & Co. is planning a new fund investing in private credit that will allow investors to redeem 7.5% a quarter — and, potentially, offer monthly withdrawals — as the $1.8 trillion market grapples with an unprecedented liquidity squeeze. The bank’s JPMorgan Public and Private Credit Fund, an interval fund, said in a prospectus this week that it “currently expects” offering to buy back 7.5% of shares each quarter. But it’s asking the US Securities and Exchange Commission for an exemption that would allow it to make repurchases each month, at a level of at least 2%. The move comes at a time when many of the biggest private credit managers are capping their quarterly withdrawals at 5%, trapping billions of dollars that would otherwise exit. While interval funds are designed to allow for between 5% and 25% quarterly withdrawals, a pledge to allow 7.5% is relatively rare — and the possibility for monthly liquidity even more so. JPMorgan said in its request to the SEC that “monthly rather than quarterly repurchases offer many benefits and therefore would be in the public interest and in the common shareholders’ interests.” A JPMorgan representative declined to comment beyond the filing. The new fund is meant to invest at least 80% in credit, including “a substantial portion” in private credit, as well as publicly traded loans, according to the prospectus. A number of private credit firms launched interval funds in the past two years in effort to continue courting retail investors. Unlike business development companies, the funds are required to offer periodic liquidity. JPMorgan Chief Executive Officer Jamie Dimon caused a stir late last year by warning of potentially more than just one credit “cockroach” due to weaker underwriting standards. The bank more recently restricted lending to some private funds by marking down loans in their portfolios. Dimon also said last year that the rush into the private credit market may have peaked, and that buying a private c...
Pernod Ricard is exploring a potential acquisition of Brown-Forman Corp., the owner of Jack Daniel’s whiskey. Michelle Davis has more on "Bloomberg Markets." (Source: Bloomberg)
Pernod Ricard is exploring a potential acquisition of Brown-Forman Corp., the owner of Jack Daniel’s whiskey. Michelle Davis has more on "Bloomberg Markets." (Source: Bloomberg)
Travelers across the US are enduring seemingly interminable airport lines as a partial government shutdown strains staffing at the Transportation Security Administration, while investors are piling into car-rental companies on bets the disruption will push more people onto the road. Traffic to Hertz Global Holdings Inc. ’s website jumped about 15% this week as customers looked for ways around the ...
Travelers across the US are enduring seemingly interminable airport lines as a partial government shutdown strains staffing at the Transportation Security Administration, while investors are piling into car-rental companies on bets the disruption will push more people onto the road. Traffic to Hertz Global Holdings Inc. ’s website jumped about 15% this week as customers looked for ways around the congestion at US airports. The company has been promoting discounts on last-minute reservations and one-way rentals. Hertz shares rose about 13% on Thursday, while Avis Budget Group Inc. surged 17% for its biggest one-day gain since June. Read More: ‘We Were Just Cattle’: TSA Lines Anger Flyers in NY, Houston “As check-in lines grow at airports, car rental companies should see a bump as travelers look for alternatives to air travel,” said Dec Mullarkey , managing director at SLC Management. If TSA funding is restored and airport delays ease, those gains “may get unwound,” he said. “But anything that’s booked will likely stay in place.” Thursday’s rally capped an already strong month for Avis. The stock has climbed almost 47% in March, putting it on track for its best month since October 2022. Hertz has gained 8.5% over the same period, even as the war in the Middle East weighed on the S&P 500, sending the index down 5.3%.
It’s been a year since the Trump administration abruptly terminated the US legal status of thousands of foreign students, only to reinstate them weeks later amid a wave of lawsuits. Although some cases quickly ended, other students continued to press claims and judges have been denying Justice Department bids to dismiss those suits, finding US officials failed to assure them it won’t happen again....
It’s been a year since the Trump administration abruptly terminated the US legal status of thousands of foreign students, only to reinstate them weeks later amid a wave of lawsuits. Although some cases quickly ended, other students continued to press claims and judges have been denying Justice Department bids to dismiss those suits, finding US officials failed to assure them it won’t happen again. The effect has been to keep this chaotic episode from early in President Donald Trump ’s second term alive in court. In the past month alone, at least five judges rejected Justice Department arguments that individual cases before them are moot because students’ records were restored in an Immigration and Customs Enforcement system. A Massachusetts judge found the government back-tracked in response to mounting litigation and that its “ambiguous” statements now failed to convince her to back off. In some instances, judges are issuing permanent orders that protect students from a similar termination effort in the future — and that allow them to try to recoup their legal costs. “The government acted with a now all-too-familiar disregard for the law in hastily and callously terminating” students’ status, US District Judge Sparkle Sooknanan in Washington wrote in a March 18 ruling granting final judgment to a student from India. The rulings underscore the administration’s growing credibility problems in the courts. Since the start of 2026, judges in Minnesota repeatedly blasted ICE for violating their orders during a surge in migrant arrests. A New Jersey judge recently said prosecutors had “lost the confidence and the trust” of the court because of how the Justice Department was running the state’s US attorney’s office. The administration’s actions over the past year targeting foreign students and universities perceived as hostile to Trump’s policies have drawn economic as well as legal fallout. Spending by foreign students fell last year by billions of dollars, as their enrol...
andresr/E+ via Getty Images A number of semiconductor and AI-related software stocks were dropping during Thursday trading amid a broader sell-off in the technology sector. The Philadelphia Semiconductor Index ( SOX ) had declined 2.9%, which, if it holds, would be the largest single-day decline since March 12, when it fell 3.5%. Among semiconductor stocks, Nvidia ( NVDA ) was down 2.4%, AMD ( AMD...
andresr/E+ via Getty Images A number of semiconductor and AI-related software stocks were dropping during Thursday trading amid a broader sell-off in the technology sector. The Philadelphia Semiconductor Index ( SOX ) had declined 2.9%, which, if it holds, would be the largest single-day decline since March 12, when it fell 3.5%. Among semiconductor stocks, Nvidia ( NVDA ) was down 2.4%, AMD ( AMD ) had dropped 5.5%, and Intel ( INTC ) had declined 4.5%. Broadcom had declined 2%, Marvell ( MRVL ) had inched down 1%, and Taiwan Semiconductor ( TSM ) had fallen 4.5%. Memory and storage companies continued their recent declines. Micron Technology ( MU ) had fallen 4.6% and is now down 14% over the past five trading days. Western Digital ( WDC ) had dipped 4.7%, Sandisk ( SNDK ) had plunged 8%, and Seagate Technology ( STX ) had dropped by 5%. However, all these stocks have experienced extraordinary gains over the past year, increasing by 293%, 560%, 1,000%, and 342%, respectively. Among software names, AppLovin ( APP ) demonstrated the largest decline on Thursday as it was down 9% by noon trading. The stock has now dropped 41% year-to-date. Palantir ( PLTR ) was down 3.7%. In contrast, multiple enterprise software stocks were in the green on Thursday. ServiceNow ( NOW ) had inched up 1.2%, Accenture ( ACN ) had gained 1.7%, Salesforce ( CRM ) had increased 2%, and Atlassian ( TEAM ) was up 2.7% Leading enterprise AI and cloud infrastructure providers were trending down. Meta ( META ) had declined 7%, Amazon ( AMZN ) had slipped 0.7%, Microsoft ( MSFT ) was down 0.8%, and Google ( GOOG )( GOOGL ) had dipped 2%. The bulk of Wall Street edged lower on Thursday as investors kept a close eye on escalating U.S.-Iran tensions after Tehran dismissed a U.S. proposal aimed at ending the conflict. The S&P 500 Index ( SP500 ) and the NASDAQ Composite Index ( COMP:IND ) were both down more than 1%. More on AppLovin and Sandisk Sandisk's AI Supercycle Is Just Getting Started SanDisk...
Meta’s massive AI data center in rural Louisiana is reshaping a community — offering an early look at the economic, political, and human impact of the AI infrastructure boom.
Meta’s massive AI data center in rural Louisiana is reshaping a community — offering an early look at the economic, political, and human impact of the AI infrastructure boom.
Golden Eagle Strategies, LLC today announced the release of its first Hypergrowth Trend Report, further establishing the firm as an authority and pioneer in Hypergrowth Investing.
Golden Eagle Strategies, LLC today announced the release of its first Hypergrowth Trend Report, further establishing the firm as an authority and pioneer in Hypergrowth Investing.
Bitcoin’s largest options expiry of the year is colliding with geopolitical volatility that shows no sign of letting up with make or break peace talks uncertain. Roughly $14 billion of Bitcoin options are set to expire Friday, as measured by the number for outstanding contracts, known as open interest. The quarterly rollover — which wipes out close to 40% of open positions on the dominant Deribit ...
Bitcoin’s largest options expiry of the year is colliding with geopolitical volatility that shows no sign of letting up with make or break peace talks uncertain. Roughly $14 billion of Bitcoin options are set to expire Friday, as measured by the number for outstanding contracts, known as open interest. The quarterly rollover — which wipes out close to 40% of open positions on the dominant Deribit exchange — comes while US President Donald Trump is threatening Iran with intensified military action after Tehran rejected Washington’s push for a peace deal. The overlap is sharpening a key question for traders: whether the expiry has been artificially muting Bitcoin’s price swings and if its removal will expose the token to a sharper move driven by geopolitics. Bitcoin has been stuck between roughly $60,000 and $75,000 in recent weeks, drifting well below its October 2025 peak of around $126,000 after a market-wide crash on Oct. 10. The lack of direction has persisted despite geopolitical tensions and intermittent inflows into US exchange-traded funds. Bitcoin fell as much as 3.2% to $68,692 on Thursday. Derivatives positioning helps explain the calm, according to market participants. Institutional investors spent much of the first quarter selling upside bets — effectively wagering that prices wouldn’t rise sharply — to generate income in a subdued market, said James Harris, chief executive officer at asset manager Tesseract. That activity shifted risk onto market makers, who have been buying on dips and selling into rallies to keep their exposure balanced. The result has been a dampening of volatility, traders say, with price action repeatedly gravitating toward a so-called “max pain” level — the point where the largest number of options expire worthless — near $75,000. In practical terms, those hedging flows have acted like a magnet, nudging Bitcoin higher while capping gains. “The hedging flows might pull price action toward that level as settlement approaches but eff...
Having painted London as a crime-ridden no-go zone, you’d have thought the Conservatives might cut McSweeney some slack In recent years the Conservatives and the rightwing media have gone to great lengths to tell us that London has become a no-go zone. A hellscape where women are afraid to leave their homes. Where every non-white person is a criminal. Where simply using your phone is an invitation...
Having painted London as a crime-ridden no-go zone, you’d have thought the Conservatives might cut McSweeney some slack In recent years the Conservatives and the rightwing media have gone to great lengths to tell us that London has become a no-go zone. A hellscape where women are afraid to leave their homes. Where every non-white person is a criminal. Where simply using your phone is an invitation to be mugged. Where the police do nothing, and to make it through the day alive is as much as anyone could hope for. So you would have thought that when Morgan McSweeney, Keir Starmer’s former chief of staff, rang the police from his personal mobile to report that his government phone had been stolen, the Tories might cut him a little slack. What do you expect if you are mad enough to be using your phone at 10.30pm on a London street? Count yourself lucky that you weren’t killed. Continue reading...
American on course for victory after short program 21-year-old had disastrous sake at Winter Olympics Ilia Malinin bounced back from his disappointment at this year’s Winter Olympics by leading after the short program at the figure skating world championships on Thursday. Malinin, sporting a new haircut, gave fans what they expected from the defending two-time world champion at O2 Arena in Prague....
American on course for victory after short program 21-year-old had disastrous sake at Winter Olympics Ilia Malinin bounced back from his disappointment at this year’s Winter Olympics by leading after the short program at the figure skating world championships on Thursday. Malinin, sporting a new haircut, gave fans what they expected from the defending two-time world champion at O2 Arena in Prague. The performance showed the Olympic failure was behind him. He will go to Saturday’s free skate with a massive lead of more than nine points after a personal-best 111.29 score in the short program. Known as the Quad God, Malinin opened with a quad flip and a combination of quad lutz and a triple toe loop. The only skater to have successfully landed a quad axel in competition performed only a triple version of his trademark jump. Continue reading...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.05%. June E-mini S&P futures (ESM26 ) are down -0.69%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.05%. June E-mini S&P futures (ESM26 ) are down -0.69%, and June E-mini Nasdaq futures...
Medical device maker Stryker said on Thursday its operations were steadily improving towards full capacity, after a cyberattack caused widespread disruption to its business. Shares of Stryker climbed 2% after the company said its manufacturing capability was quickly ramping with most of its sites and critical lines restored. A cyberattack on March 11 had affected Stryker's operations, hinderin...
Medical device maker Stryker said on Thursday its operations were steadily improving towards full capacity, after a cyberattack caused widespread disruption to its business. Shares of Stryker climbed 2% after the company said its manufacturing capability was quickly ramping with most of its sites and critical lines restored. A cyberattack on March 11 had affected Stryker's operations, hindering order processing, manufacturing and shipments.